EPS for Micron Technology, Inc. (MU) Expected At $1.73

September 17, 2017 - By Marguerite Chambers

 EPS for Micron Technology, Inc. (MU) Expected At $1.73
Investors sentiment decreased to 0.84 in 2016 Q4. Its down 0.14, from 0.98 in 2016Q3. It dived, as 67 investors sold Micron Technology, Inc. shares while 232 reduced holdings. 86 funds opened positions while 165 raised stakes. 841.20 million shares or 0.23% more from 839.25 million shares in 2016Q3 were reported.
Northwestern Mutual Wealth reported 71,586 shares. Tci Wealth Advsr reported 50 shares or 0% of all its holdings. Parkside Savings Bank And Trust stated it has 0.01% of its portfolio in Micron Technology, Inc. (NASDAQ:MU). Panagora Asset Mngmt holds 0% or 42,271 shares in its portfolio. Aviance Capital Mgmt Ltd Liability Corporation holds 17,067 shares. Ameriprise Incorporated accumulated 9.32 million shares. Janus Cap Mngmt Lc reported 1.68M shares. Asset Management has invested 0.01% in Micron Technology, Inc. (NASDAQ:MU). Sterling Cap Management Ltd Llc accumulated 0% or 14,000 shares. Putnam Llc holds 0.39% or 7.32 million shares. Moreover, Daiwa has 0.01% invested in Micron Technology, Inc. (NASDAQ:MU) for 36,100 shares. Commonwealth State Bank Of Aus invested in 343,475 shares. Geode Mngmt Lc owns 0.1% invested in Micron Technology, Inc. (NASDAQ:MU) for 9.88 million shares. Shellback Ltd Partnership holds 481,631 shares. Thrivent For Lutherans has invested 0% in Micron Technology, Inc. (NASDAQ:MU).

Since March 27, 2017, it had 0 insider purchases, and 10 selling transactions for $8.28 million activity. Thorsen Steven L. JR also sold $1.42 million worth of Micron Technology, Inc. (NASDAQ:MU) on Wednesday, March 29. $2.52M worth of stock was sold by Shirley Brian on Tuesday, March 28. 10,638 Micron Technology, Inc. (NASDAQ:MU) shares with value of $308,018 were sold by ARNZEN APRIL S. On Monday, March 27 the insider Deboer Scott J sold $1.48M. Byrne Patrick J had sold 14,143 shares worth $408,911 on Tuesday, May 16.

Analysts await Micron Technology, Inc. (NASDAQ:MU) to report earnings on September, 26 after the close. They expect $1.73 earnings per share, up 3,560.00 % or $1.78 from last year’s $-0.05 per share. MU’s profit will be $1.93B for 5.01 P/E if the $1.73 EPS becomes a reality. After $1.40 actual earnings per share reported by Micron Technology, Inc. for the previous quarter, Wall Street now forecasts 23.57 % EPS growth. The stock increased 0.20% or $0.07 on September 15, reaching $34.65. About 37.42 million shares traded or 47.96% up from the average. Micron Technology, Inc. (NASDAQ:MU) has risen 176.27% since September 17, 2016 and is uptrending. It has outperformed by 159.57% the S&P500.

Micron Technology, Inc. (NASDAQ:MU) Ratings Coverage

Among 41 analysts covering Micron Technology Inc. (NASDAQ:MU), 33 have Buy rating, 1 Sell and 7 Hold. Therefore 80% are positive. Micron Technology Inc. had 160 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was maintained by Morgan Stanley on Friday, October 2 with “Equal-Weight”. The firm earned “Buy” rating on Tuesday, June 6 by Morgan Stanley. The rating was maintained by Loop Capital Markets on Thursday, June 15 with “Buy”. The stock of Micron Technology, Inc. (NASDAQ:MU) earned “Neutral” rating by Mizuho on Friday, October 9. The stock has “Buy” rating by Stifel Nicolaus on Friday, July 1. J.P. Morgan maintained the shares of MU in report on Tuesday, August 29 with “Buy” rating. On Wednesday, May 24 the stock rating was downgraded by Standpoint Research to “Reduce”. The company was downgraded on Wednesday, December 23 by Raymond James. Susquehanna downgraded the stock to “Neutral” rating in Friday, March 18 report. Cowen & Co maintained Micron Technology, Inc. (NASDAQ:MU) on Thursday, December 22 with “Outperform” rating.

Micron Technology, Inc. is engaged in semiconductor systems. The company has market cap of $38.60 billion. The Company’s portfolio of memory technologies, including dynamic random-access memory , negative-AND (NAND) Flash and NOR Flash are the basis for solid-state drives, modules, multi-chip packages and other system solutions. It has a 15.96 P/E ratio.

More notable recent Micron Technology, Inc. (NASDAQ:MU) news were published by: Investorplace.com which released: “Buy Micron Technology, Inc. (MU) Stock Before It Breaks Out” on August 24, 2017, also Investorplace.com with their article: “Micron Technology, Inc. (NASDAQ:MU) Climbing The Wall of Worry” published on September 12, 2017, Seekingalpha.com published: “Micron: Chip Prices Climb A Wall Of Worry” on September 01, 2017. More interesting news about Micron Technology, Inc. (NASDAQ:MU) were released by: Investorplace.com and their article: “Trade of the Day: Micron Technology, Inc. (MU) Stock Offers Opportunity Ahead …” published on September 11, 2017 as well as Investorplace.com‘s news article titled: “Micron Technology, Inc. (MU) Stock: $36 Is a Definite Possibility” with publication date: August 29, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.