Micron Technology Inc. (NASDAQ:MU)‘s stock had its “positive” rating restated by Susquehanna in a report released on Wednesday. They currently have a $23.00 target price on the semiconductor manufacturer’s stock, up from their previous target price of $21.00. Susquehanna’s price target suggests a potential upside of 17.68% from the company’s previous close.

A number of other research firms have also recently commented on MU. Deutsche Bank AG reaffirmed a “buy” rating and set a $20.00 price objective on shares of Micron Technology in a research report on Wednesday, October 5th. Vetr raised shares of Micron Technology from a “buy” rating to a “strong-buy” rating and set a $17.65 price objective for the company in a research report on Wednesday, August 24th. Nomura reaffirmed a “buy” rating and set a $16.00 price objective on shares of Micron Technology in a research report on Thursday, August 4th. Needham & Company LLC reissued an “underperform” rating on shares of Micron Technology in a report on Friday, October 7th. Finally, Citigroup Inc. reissued a “buy” rating on shares of Micron Technology in a report on Monday, August 29th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $18.74.

Analyst Recommendations for Micron Technology (NASDAQ:MU)

Shares of Micron Technology (NASDAQ:MU) traded up 0.57% during midday trading on Wednesday, reaching $19.53. 26,027,299 shares of the company’s stock were exchanged. Micron Technology has a 12 month low of $9.31 and a 12 month high of $20.44. The company’s 50 day moving average is $17.72 and its 200-day moving average is $15.19. The stock’s market cap is $20.34 billion.

Micron Technology (NASDAQ:MU) last released its quarterly earnings data on Tuesday, October 4th. The semiconductor manufacturer reported ($0.05) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.12. Micron Technology had a negative net margin of 2.23% and a positive return on equity of 0.50%. The firm earned $3.22 billion during the quarter. During the same period last year, the firm earned $0.37 earnings per share. The company’s revenue for the quarter was down 10.6% compared to the same quarter last year. Equities analysts forecast that Micron Technology will post $1.17 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This news story was reported by Financial Market News and is owned by of Financial Market News. If you are viewing this news story on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The correct version of this news story can be read at http://www.financial-market-news.com/susquehanna-reiterates-positive-rating-for-micron-technology-inc-mu/1211219/.

In other Micron Technology news, VP Steven L. Thorsen, Jr. sold 63,000 shares of the company’s stock in a transaction on Tuesday, October 25th. The stock was sold at an average price of $17.58, for a total value of $1,107,540.00. Following the completion of the transaction, the vice president now owns 358,690 shares in the company, valued at approximately $6,305,770.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Brian Shirley sold 90,014 shares of the company’s stock in a transaction on Tuesday, October 4th. The shares were sold at an average price of $17.84, for a total value of $1,605,849.76. Following the completion of the transaction, the vice president now owns 397,264 shares of the company’s stock, valued at approximately $7,087,189.76. The disclosure for this sale can be found here. 0.85% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Micron Technology by 10.5% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 55,575 shares of the semiconductor manufacturer’s stock worth $582,000 after buying an additional 5,265 shares during the period. BlueMountain Capital Management LLC increased its position in shares of Micron Technology by 5.9% in the first quarter. BlueMountain Capital Management LLC now owns 18,301 shares of the semiconductor manufacturer’s stock worth $192,000 after buying an additional 1,027 shares during the period. Raymond James Trust N.A. increased its position in shares of Micron Technology by 15.1% in the second quarter. Raymond James Trust N.A. now owns 15,131 shares of the semiconductor manufacturer’s stock worth $208,000 after buying an additional 1,986 shares during the period. Exxonmobil Investment Management Inc. TX increased its position in shares of Micron Technology by 6.3% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 268,438 shares of the semiconductor manufacturer’s stock worth $3,694,000 after buying an additional 15,843 shares during the period. Finally, Chevy Chase Trust Holdings Inc. increased its position in shares of Micron Technology by 16.1% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 2,535,676 shares of the semiconductor manufacturer’s stock worth $34,890,000 after buying an additional 351,710 shares during the period. Hedge funds and other institutional investors own 84.26% of the company’s stock.

About Micron Technology

5 Day Chart for NASDAQ:MU

Receive News & Ratings for Micron Technology Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Micron Technology Inc. and related companies with MarketBeat.com's FREE daily email newsletter.