September 24, 2023

Tyna Woods

Technology does the job

Micron Engineering (NASDAQ:MU) Downgraded to “Hold” at decreased shares of Micron Technological know-how (NASDAQ:MUGet Ranking) from a buy rating to a keep ranking in a report unveiled on Monday.

Other equities analysts also a short while ago issued analysis stories about the inventory. Robert W. Baird lower their concentrate on value on shares of Micron Engineering from $90.00 to $60.00 and set a neutral ranking on the inventory in a analysis note on Friday. Cowen lower their target price tag on shares of Micron Technologies from $90.00 to $70.00 and set an outperform score on the inventory in a study observe on Friday. Morgan Stanley lower their goal selling price on shares of Micron Know-how from $83.00 to $56.00 and established an equivalent weight ranking on the stock in a investigate notice on Tuesday, June 21st. Susquehanna reaffirmed a get score and established a $115.00 rate goal on shares of Micron Technological know-how in a study be aware on Monday, Could 16th. Eventually, Piper Sandler dropped their target price on shares of Micron Technological know-how from $70.00 to $50.00 and set an underweight ranking for the enterprise in a exploration report on Thursday, June 30th. A person investment decision analyst has rated the stock with a provide score, 5 have presented a maintain ranking, 20-1 have issued a buy score and a single has assigned a solid obtain score to the organization. Based on information from MarketBeat, the stock presently has an common rating of Average Purchase and a consensus concentrate on price tag of $87.42.

NASDAQ MU opened at $53.65 on Monday. Micron Know-how has a 1 12 months reduced of $51.40 and a 1 year significant of $98.45. The business has a market place capitalization of $59.91 billion, a PE ratio of 6.12, a P/E/G ratio of .24 and a beta of 1.28. The firm has a fifty day going regular of $65.71 and a two-hundred working day moving ordinary of $77.42. The corporation has a financial debt-to-fairness ratio of .14, a current ratio of 3.24 and a speedy ratio of 2.44.

Micron Technologies (NASDAQ:MUGet Score) very last posted its quarterly earnings results on Thursday, June 30th. The semiconductor company documented $2.59 earnings for each share (EPS) for the quarter, topping the consensus estimate of $2.34 by $.25. Micron Technologies experienced a internet margin of 30.61% and a return on fairness of 21.91%. The business had profits of $8.64 billion for the duration of the quarter, as opposed to analysts’ anticipations of $8.66 billion. In the course of the exact period in the prior 12 months, the corporation posted $1.81 earnings for every share. The firm’s profits for the quarter was up 16.4% on a year-in excess of-year foundation. On average, exploration analysts be expecting that Micron Know-how will publish 9 earnings for every share for the existing 12 months.

The organization also not too long ago declared a quarterly dividend, which will be paid on Tuesday, July 26th. Investors of history on Monday, July 11th will be provided a $.115 dividend. This signifies a $.46 dividend on an annualized basis and a dividend generate of .86%. This is an boost from Micron Technology’s prior quarterly dividend of $.10. The ex-dividend day of this dividend is Friday, July 8th. Micron Technology’s dividend payout ratio (DPR) is currently 4.56%.

A quantity of hedge funds have lately designed modifications to their positions in the company. Concorde Financial Corp acquired a new posture in shares of Micron Technological innovation in the fourth quarter valued at $27,000. Selective Prosperity Management Inc. bought a new position in shares of Micron Technology in the fourth quarter valued at $28,000. SOA Wealth Advisors LLC. grew its stake in shares of Micron Technological innovation by 144.9% in the first quarter. SOA Wealth Advisors LLC. now owns 338 shares of the semiconductor manufacturer’s stock valued at $26,000 following purchasing an supplemental 200 shares in the very last quarter. Sterling Expense Advisors Ltd. grew its stake in shares of Micron Know-how by 600.% in the fourth quarter. Sterling Financial commitment Advisors Ltd. now owns 350 shares of the semiconductor manufacturer’s inventory valued at $33,000 soon after buying an extra 300 shares in the last quarter. Last but not least, Vectors Analysis Administration LLC boosted its position in Micron Know-how by 60.3% during the fourth quarter. Vectors Analysis Administration LLC now owns 372 shares of the semiconductor manufacturer’s inventory value $35,000 following acquiring an additional 140 shares in the course of the time period. Hedge resources and other institutional investors very own 80.35% of the company’s inventory.

Micron Know-how Corporation Profile (Get Rating)

Micron Technological innovation, Inc models, manufactures, and sells memory and storage items throughout the world. The enterprise operates via four segments: Compute and Networking Organization Device, Cellular Enterprise Device, Storage Enterprise Unit, and Embedded Small business Device. It supplies memory and storage systems includes DRAM products, which are dynamic random accessibility memory semiconductor equipment with small latency that present high-speed details retrieval NAND items that are non-risky and re-writeable semiconductor storage products and NOR memory goods, which are non-volatile re-writable semiconductor memory gadgets that provide fast examine speeds below the Micron and Very important brands, as effectively as by way of non-public labels.

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Analyst Recommendations for Micron Technology (NASDAQ:MU)

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