Micron Technology Inc (NASDAQ: MU) is 35.62% higher on its value in year-to-date trading and has touched a low of $61.54 and a high of $157.54 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MU stock was last observed hovering at around $110.95 in the last trading session, with the day’s gains setting it 3.19%.
Currently trading at $114.14, the stock is 14.49% and 32.92% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 20.0 million and changing 2.88% at the moment leaves the stock 20.06% off its SMA200. MU registered -12.25% loss for a year compared to 6-month loss of 13.16%. The firm has a 50-day simple moving average (SMA 50) of $85.8714 and a 200-day simple moving average (SMA200) of $95.06875.
The stock witnessed a 32.94% gain in the last 1 month and extending the period to 3 months gives it a 28.18%, and is 11.63% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 0.42% over the week and 2.24% over the month.
Micron Technology Inc (MU) has around 48000 employees, a market worth around $127.56B and $31.32B in sales. Current P/E ratio is 27.43 and Fwd P/E is 10.29. Profit margin for the company is 14.92%. Distance from 52-week low is 85.47% and -27.55% from its 52-week high. The company has generated returns on investments over the last 12 months (7.41%).
with sales reaching $8.83B over the same period.The EPS is expected to grow by 440.06% this year, but quarterly earnings will post 41.35% year-over-year. Quarterly sales are estimated to grow 29.66% in year-over-year returns.
Micron Technology Inc (MU) Top Institutional Holders
2432.0 institutions hold shares in Micron Technology Inc (MU), with institutional investors hold 83.42% of the company’s shares. The shares outstanding are 1.12B, and float is at 1.11B with Short Float at 3.08%. Institutions hold 83.23% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 97.69 million shares valued at $12.85 billion. The investor’s holdings represent 8.8246% of the MU Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 91.82 million shares valued at $12.08 billion to account for 8.2943 of the shares outstanding. The other top investors are FMR LLC which holds 47.1 million shares representing 4.2545% and valued at over $6.19 billion, while STATE STREET CORP holds 4.2269 of the shares totaling 46.79 million with a market value of $6.15 billion.
Micron Technology Inc (MU) Insider Activity
The most recent transaction is an insider sale by MEHROTRA SANJAY, the company’s President and CEO. SEC filings show that MEHROTRA SANJAY sold 3,938 shares of the company’s common stock on Jun 09 ’25 at a price of $110.88 per share for a total of $0.44 million. Following the sale, the insider now owns 0.39 million shares.
Micron Technology Inc disclosed in a document filed with the SEC on Jun 06 ’25 that MEHROTRA SANJAY (President and CEO) sold a total of 3,562 shares of the company’s common stock. The trade occurred on Jun 06 ’25 and was made at $110.46 per share for $0.39 million. Following the transaction, the insider now directly holds 0.39 million shares of the MU stock.
Still, SEC filings show that on Jun 06 ’25, Deboer Scott J (EVP, CTO and Products Officer) disposed off 20,000 shares at an average price of $110.00 for $2.2 million. The insider now directly holds 186,353 shares of Micron Technology Inc (MU).
