Micron Technology, Inc. (NASDAQ:MU) was upgraded by equities research analysts at Goldman Sachs from a “sell” rating to a “neutral” rating in a report issued on Monday, The Fly reports.

A number of other equities research analysts have also recently issued reports on MU. Robert W. Baird reissued a “hold” rating on shares of Micron Technology in a research report on Thursday, December 24th. Macquarie reaffirmed a “buy” rating on shares of Micron Technology in a research note on Thursday, December 24th. MKM Partners dropped their price target on Micron Technology from $21.00 to $19.00 and set a “buy” rating for the company in a research note on Wednesday, December 23rd. Sterne Agee CRT dropped their price target on Micron Technology from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Wednesday, December 23rd. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $20.00 price target (down previously from $23.00) on shares of Micron Technology in a research note on Wednesday, December 23rd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $21.98.

Shares of Micron Technology (NASDAQ:MU) opened at 11.03 on Monday. Micron Technology has a one year low of $9.31 and a one year high of $32.84. The company has a market cap of $11.44 billion and a price-to-earnings ratio of 6.00. The firm’s 50-day moving average is $12.89 and its 200-day moving average is $15.86.

Micron Technology (NASDAQ:MU) last announced its earnings results on Tuesday, December 22nd. The semiconductor manufacturer reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.01. The business earned $3.35 billion during the quarter. The business’s revenue for the quarter was down 26.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.97 earnings per share. Analysts expect that Micron Technology will post $0.47 EPS for the current fiscal year.

Other large investors have made changes to their positions in the company. Park National acquired a new stake in shares of Micron Technology during the fourth quarter valued at about $278,000. F&V Capital Management acquired a new stake in shares of Micron Technology during the fourth quarter valued at about $185,000. Natixis Asset Management raised its stake in shares of Micron Technology by 27.5% in the third quarter. Natixis Asset Management now owns 27,021 shares of the semiconductor manufacturer’s stock valued at $405,000 after buying an additional 5,830 shares in the last quarter. Verde Servico Internacionais acquired a new stake in shares of Micron Technology during the fourth quarter valued at about $305,171,000. Finally, Creative Planning raised its stake in shares of Micron Technology by 27.9% in the fourth quarter. Creative Planning now owns 40,905 shares of the semiconductor manufacturer’s stock valued at $579,000 after buying an additional 8,913 shares in the last quarter.

In related news, insider Joel L. Poppen sold 47,685 shares of the stock in a transaction on Friday, January 15th. The stock was sold at an average price of $11.10, for a total value of $529,303.50. Following the completion of the sale, the insider now directly owns 3,650 shares of the company’s stock, valued at approximately $40,515. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Ernest E. Maddock purchased 10,000 shares of the stock in a transaction that occurred on Thursday, December 24th. The stock was bought at an average cost of $14.32 per share, with a total value of $143,200.00. Following the completion of the transaction, the chief financial officer now directly owns 113,256 shares in the company, valued at approximately $1,621,825.92. The disclosure for this purchase can be found here.

Micron Technology, Inc. is a global provider of semiconductor devices. Through the Company’s global operations, it manufactures and markets a full range of Dynamic Random Access Memory (NASDAQ:MU), NAND Flash and NOR Flash memory, as well as other memory technologies, packaging solutions and semiconductor systems for use in leading-edge computing, consumer, networking, automotive, industrial, embedded and mobile products. The Company operates in four segments: Compute and Networking Business Unit (CNBU), which includes DRAM and NOR Flash products; Mobile Business Unit (MBU), which includes DRAM, NAND Flash and NOR Flash products; Storage Business Unit (SBU), which includes NAND Flash components and Solid-State Drives (SSDs), cloud and removable storage markets. SBU also includes NAND Flash products, and Embedded Business Unit (EBU), which includes DRAM, NAND Flash and NOR Flash products.

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