What Are The Chances Of Micron Technology Inc. (NASDAQ: MU) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NASDAQ listed company, MU falls under the Technology sector while operating within the Semiconductors industry segment. The current market capitalization of Micron Technology Inc. is $122.28B. A total of 24.92 million shares were traded on the day, compared to an average of 21.40M shares.

In the most recent transaction, ARNZEN APRIL S sold 4,890 shares of MU for 135.86 per share on Jun 27 ’24. After the transaction, the EVP and Chief People Officer now owns 142,321 company shares. In a previous transaction on Jun 18 ’24, MEHROTRA SANJAY sold 34,284 shares at 152.28 per share. MU shares that CEO and President owns now total 719,049.

Among the insiders who sold shares, MEHROTRA SANJAY disposed of 30,000 shares on Jun 12 ’24 at a per-share price of $140.00. This resulted in the CEO and President holding 719,049 shares of MU after the transaction. In another insider transaction, MEHROTRA SANJAY sold 7,000 shares at $134.57 per share on Jun 11 ’24. Company shares held by the CEO and President now total 719,049.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. MU’s most recent ex-dividend date was 7/8/2024 when it declared a $0.1150 quarterly dividend that was paid in cash on 7/23/2024. Previously, the company paid the dividend on 4/16/2024 with an ex-dividend date of 3/28/2024. The MU stock dividend was $0.1150 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, MU has a high of $157.54 and a low of $61.75.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. MU’s latest balance sheet shows that the firm has $8.63B in Cash & Short Term Investments as of fiscal 2021. There were $7.28B in debt and $6.42B in liabilities at the time. Its Book Value Per Share was $39.88, while its Total Shareholder’s Equity was $43.93B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MU is Buy with a score of 4.85.

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