The time has not yet come to remove your chips from the table: Micron Technology Inc. (MU)

With 16.32 million shares changed hands, the volume of the stock remained heavier than its average volume of 13.92 million shares. The 52-week range on MU shows that it touched its highest point at $90.04 and its lowest point at $52.76 during that stretch. It currently has a 1-year price target of $99.11. With its current market cap of 94.02 billion, MU has annualized dividend of $0.39 while the current yield stands at 0.45%. Beta for the stock currently stands at 1.24.

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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 down-trending over the past week, with a drop of -0.68%, but this was up by 0.26% over a month. Three-month performance surged to 16.80% while six-month performance rose 25.90%. The stock gained 42.00% in the past year, while it has lost -0.20% so far this year. A look at the trailing 12-month EPS for MU yields -6.28 with Next year EPS estimates of 6.44. For the next quarter, that number is -0.28. This implies an EPS growth rate of 86.43% for this year and 1166.01% for next year.

Float and Shares Shorts:

At present, 1.10 billion MU shares are outstanding with a float of 1.10 billion shares on hand for trading. On Jan 11, 2024, short shares totaled 19.99 million, which was 1.81% higher than short shares on Dec 14, 2023. In addition to Mr. Sanjay Mehrotra as the firm’s CEO, President & Director, Mr. Mark J. Murphy serves as its Executive VP & CFO.

Institutional Ownership:

Through their ownership of 84.24% of MU’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MU since 0 analysts follow the stock currently. 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 $140.00 and a low target of $74.75, the average target price over the next 12 months is $99.11. Based on these targets, MU could surge 64.38% to reach the target high and fall by -12.23% to reach the target low. Reaching the average price target will result in a growth of 16.37% from current levels.

Dividends & Yield:

In terms of dividends, MU has a current ratio of $0.46, which is $0.46 over the trailing 12-months, while a dividend of $– is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and MU currently yields $0.54. In the past year, MU’s dividend yield has been $0.54, but when looking at the stock over the past five years, its yield has been $–. Accordingly, MU has a current buyback yield of $0.0. This was $0.0 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 1 Buys and 4 Sells. In these transactions, 7,000 shares were bought while 22,000 shares were sold. The number of buy transactions has increased to 83 while that of sell transactions has risen to 116 over the past year. The total number of shares bought during that period was 1,233,793 while 1,014,921 shares were sold.