Investing In Micron Technology Inc (NASDAQ: MU): Why Should You?

After Hours

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.

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Stocks Info

The company is listed on the NASDAQ and operates within the Semiconductors industry segment. The current market capitalization of Micron Technology Inc is $113.04B. A total of 12.32 million shares were traded on the day, compared to an average of 21.57M shares.

In the most recent transaction, Bokan Michael W sold 10,000 shares of MU for 109.03 per share on Oct 21 ’24. After the transaction, the SVP, Worldwide Sales now owns 179,032 company shares. In a previous transaction on Oct 21 ’24, MICHAEL W. BOKAN bought 10,000 shares at 109.03 per share.

Among the insiders who sold shares, ARNZEN APRIL S disposed of 4,890 shares on Sep 26 ’24 at a per-share price of $113.00. This resulted in the EVP and Chief People Officer holding 135,830 shares of MU after the transaction. In another insider transaction, ARNZEN APRIL S bought 4,890 shares at $113.00 per share on Sep 26 ’24.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Micron Technology Inc pays an annual dividend of $0.46, resulting in a dividend yield of 0.45%, and it has a price to earnings (P/E) ratio of 150.08. MU’s most recent ex-dividend date was 10/7/2024 when it declared a $0.1150 quarterly dividend that was paid in cash on 10/23/2024. Previously, the company paid the dividend on 7/23/2024 with an ex-dividend date of 7/8/2024. The MU stock dividend was $0.1150 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, MU has a high of $157.54 and a low of $72.93.

As of this writing, MU has an earnings estimate of $1.77 per share for the current quarter. EPS was calculated based on a consensus of 25.0 estimates, with a high estimate of $1.96 per share and a lower estimate of $1.73. The company reported an EPS of -$0.95 in the last quarter

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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 $40.70, while its Total Shareholder’s Equity was $43.93B.

Analysts Opinion

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. 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 4.70.

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