Analyst Research

How Big Insider Trading Can Impact Micron Technology, Inc. (NASDAQ:MU) Stock?

Micron Technology, Inc. (NASDAQ:MU) exchanged hands 22,658,400 shares versus average trading capacity of 25.76M shares, while its relative trading volume is 0.87. Micron Technology, Inc. (NASDAQ:MU)’s total market worth is $20.33B along with 1.04B outstanding shares.

Insiders has most recently took part in a trading activity, Thorsen Steven L. JR, Vice President, Worldwide Sale of the company in a transaction that occurred 10/25/2016 sold 63,000 shares of the stock. The stock was sold at a price of $17.58, for a total value of $ 1,107,849. Subsequent to the transaction Thorsen Steven L. JR owned a total of 295,690 shares of the stock.

In a separate transaction on 10/20/2016, Shirley Brian, VP Memory Solutions sold 6,280 shares of the stock. The stock was sold at a price of $17.22, for a total worth of $108,142. Succeeding to the transaction Shirley Brian owned overall 348,365 shares of the stock.

Moreover, Poppen Joel L, VP Legal A sold 2,181 shares of the stock in a reserved transaction that ensued on 10/20/2016. At a price of $17.22, the stock was sold for an entire value of $37,557. Consequent to the transaction Poppen Joel L owned a total of 183,553 shares of the stock.

Currently, 0.40% shares of Micron Technology, Inc. (NASDAQ:MU) are owned by insiders with -7.32% six-month change in the insider ownership. The insider filler data counts the number of monthly positions over 3 month and 12 month time spans. For Micron Technology, Inc. (NASDAQ:MU) total 37 number of trades held during last 3 months and 50 during last 12 months, out of them 13 numbers of buys held in last 3 months and 16 buys in last 12 months. Whereas 24 numbers of sells held in last 3 months and 34 sells over the past 12 months.

For the duration of last three months Micron Technology, Inc. (NASDAQ:MU)’s total number of shares bought are 619,207 and sold 729,294 from a total of 1,348,501 traded shares. During last twelve months 657,207 number of shares bought and 835,426 sold from a total of 1,492,633 shares traded. A net activity of 110,087 took place in the course of three months, while 178,219 during last twelve months. Insider trading information is derived from Forms 3 and 4 filings are filed with the U.S. Securities and Exchange Commission (SEC).

Micron Technology, Inc. (NASDAQ:MU) ended last trading session at the price of $19.49 whereas a number of traders indicating mean target price will hit $20.07 over the next twelve months, mean value of price target most recently revised on 11/16/16. Micron Technology, Inc. (NASDAQ:MU)’s highest estimates of price target are $27.00 and low forecast is $8.00 based on the opinion of 21 analysts. The price target estimates represents a standard deviation of 4.42. However brokerage recommendations suggests an ABR of 2.09 based on calls of 16 experts.

Micron Technology, Inc. (NASDAQ:MU) is expected to release the earnings of its current quarter on 12/27/16. The company is expected to release $0.19 EPS during current quarter according to 17 analysts whereas the company reported $0.24 EPS during same quarter a year ago. For the current quarter the stock has a lowest EPS estimates of $0.13 and high estimate of $0.29. Micron Technology, Inc. (NASDAQ:MU)’s average revenue estimates for the current quarter are $3.71B according to 21 number of analysts. However its lowest revenue estimates are $3.56B and highest revenue estimates are $3.81B. A year ago the company’s sales were $3.35B. Its yearly sales growth estimates are 10.70%. Past 5 years growth of Micron Technology, Inc. (NASDAQ:MU) observed at 47.38%, and for the next five years the analysts that follow this company are expecting its growth at 1.00%.

Previous ArticleNext Article

Leave a Reply

Your email address will not be published. Required fields are marked *

0 Shares
Share
Tweet
Share
Pin
Stumble
+1