Analyst Research

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

Micron Technology, Inc. (NASDAQ:MU) exchanged hands 23,960,700 shares versus average trading capacity of 27.09M shares, while its relative trading volume is 0.88. Micron Technology, Inc. (NASDAQ:MU)’s total market worth is $23.25B along with 1.04B outstanding shares.

Insiders has most recently took part in a trading activity, Deboer Scott J, VP Technology Development of the company in a transaction that occurred 12/22/2016 sold 10,000 shares of the stock. The stock was sold at a price of $22.94, for a total value of $229,369. Subsequent to the transaction Deboer Scott J owned a total of 190,232 shares of the stock.

In a separate transaction on 12/22/2016, Deboer Scott J, VP Technology Development sold 38,780 shares of the stock. The stock was sold at a price of $23.01, for a total worth of $892,483. Succeeding to the transaction Deboer Scott J owned overall 200,232 shares of the stock.

Moreover, Arnzen April S, VP, Human Resources sold 261 shares of the stock in a reserved transaction that ensued on 12/14/2016. At a price of $20.13, the stock was sold for an entire value of $5,254. Consequent to the transaction Arnzen April S owned a total of 55,738 shares of the stock.

Currently, 0.40% shares of Micron Technology, Inc. (NASDAQ:MU) are owned by insiders with -8.31% 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 39 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 15 buys in last 12 months. Whereas 26 numbers of sells held in last 3 months and 35 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 748,638 from a total of 1,367,845 traded shares. During last twelve months 647,207 number of shares bought and 884,207 sold from a total of 1,531,414 shares traded. A net activity of 129,431 took place in the course of three months, while 237,000 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 $22.78 whereas a number of traders indicating mean target price will hit $26.58 over the next twelve months, mean value of price target most recently revised on 12/22/16. Micron Technology, Inc. (NASDAQ:MU)’s highest estimates of price target are $33.00 and low forecast is $11.50 based on the opinion of 25 analysts. The price target estimates represents a standard deviation of 6.30. However brokerage recommendations suggests an ABR of 1.55 based on calls of 19 experts.

Micron Technology, Inc. (NASDAQ:MU) is expected to release the earnings of its current quarter on 3/29/17. The company is expected to release $0.61 EPS during current quarter according to 22 analysts whereas the company reported $-0.05 EPS during same quarter a year ago. For the current quarter the stock has a lowest EPS estimates of $0.2 and high estimate of $0.69. Micron Technology, Inc. (NASDAQ:MU)’s average revenue estimates for the current quarter are $4.45B according to 23 number of analysts. However its lowest revenue estimates are $3.52B and highest revenue estimates are $4.63B. A year ago the company’s sales were $2.93B. Its yearly sales growth estimates are 51.60%. 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%.

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