There is no doubt that Micron Technology Inc. (MU) ticks all the boxes.

Micron Technology Inc. (NASDAQ: MU) stock fell -0.11% on Friday to $62.47 against a previous-day closing price of $62.54. With 11.46 million shares changed hands, the volume of the stock remained lighter than its average volume of 18.13 million shares. During the session, the Semiconductors company that operates in wider Technology sector, reached to the highest price of $63.30 whereas the lowest price it dropped to was $60.88. The 52-week range on MU shows that it touched its highest point at $98.45 and its lowest point at $51.40 during that stretch. It currently has a 1-year price target of $77.45. With its current market cap of 68.95 billion, MU has annualized dividend of $0.46 while the current yield stands at 0.74%. Beta for the stock currently stands at 1.29.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MU was up-trending over the past week, with a rise of 4.71%, but this was up by 16.44% over a month. Three-month performance dropped to -11.52% while six-month performance fell -24.07%. The stock lost -19.54% in the past year, while it has lost -32.94% so far this year. A look at the trailing 12-month EPS for MU yields 8.77 with Next year EPS estimates of 6.38. For the next quarter, that number is 1.65. This implies an EPS growth rate of 116.20% for this year and -25.41% for next year. EPS is expected to grow by 10.52% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 84.30%.

Float and Shares Shorts:

At present, 1.11 billion MU shares are outstanding with a float of 1.10 billion shares on hand for trading. On Jul 14, 2022, short shares totaled 34.04 million, which was 3.09% higher than short shares on Jun 14, 2022. In addition to Mr. Sanjay Mehrotra as the firm’s CEO, Pres & Director, Mr. Manish H. Bhatia serves as its Exec. VP of Global Operations.

Institutional Ownership:

Through their ownership of 83.25% of MU’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 49.41% of MU, in contrast to 32.82% held by mutual funds. Shares owned by individuals account for 1.54%. As the largest shareholder in MU with 7.71% of the stake, The Vanguard Group, Inc. holds 86,037,601 shares worth 86,037,601. A second-largest stockholder of MU, BlackRock Fund Advisors, holds 56,494,968 shares, controlling over 5.06% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in MU, holding 46,595,036 shares or 4.17% stake. With a 2.95% stake in MU, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 32,921,676 shares are owned by the mutual fund manager. The Vanguard 500 Index Fund, which owns about 2.21% of MU stock, is the second-largest Mutual Fund holder. It holds 24,718,257 shares valued at 1.37 billion. Vanguard PRIMECAP Fund holds 2.19% of the stake in MU, owning 24,439,774 shares worth 1.35 billion.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MU since 36 analysts follow the stock currently. There are 25 analysts who recommend BUY ratings, while 2 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 4 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With MU analysts setting a high price target of $110.00 and a low target of $50.00, the average target price over the next 12 months is $77.90. Based on these targets, MU could surge 76.08% to reach the target high and fall by -19.96% to reach the target low. Reaching the average price target will result in a growth of 24.7% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. MU will report FY 2022 earnings on 09/27/2022. Analysts have provided yearly estimates in a range of $9.44 being high and $8.03 being low. For MU, this leads to a yearly average estimate of $8.58. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Micron Technology Inc. surprised analysts by $0.15 when it reported $2.59 EPS against a consensus estimate of $2.44. The surprise factor in the prior quarter was $0.16. Based on analyst estimates, the high estimate for the next quarter is $2.72 and the low estimate is $1.57. The average estimate for the next quarter is thus $1.71.

Dividends & Yield:

In terms of dividends, MU has a current ratio of $0.46, which is $0.46 over the trailing 12-months. Dividend yield is another indicator that appeals to many investors, and MU currently yields $0.66. In the past year, MU’s dividend yield has been $0.66. Accordingly, MU has a current buyback yield of $4.05. This was $4.05 for the TTM, and it was $1.86 for the past five years.

Summary of Insider Activity:

Insiders traded MU stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 71 while that of sell transactions has risen to 88 over the past year. The total number of shares bought during that period was 1,579,343 while 974,377 shares were sold.

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