Micron Technology, Inc.s in-depth stock price analysis indicates that the stock price has rallied 25.2% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 45.67% . Looking at the past 52 week period, the stock price is up at 140.02% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Micron Technology, Inc. has a positive value of 109.36 compared to overall market. Micron Technology, Inc. (NASDAQ:MU) has tumbled 2.24% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 8.43% in the last four weeks. The stocks have underperformed the S&P 500 by 3.02% during the past week but Micron Technology, Inc. (NASDAQ:MU) it has outperformed the index in 4 weeks by 6.49%.
Micron Technology, Inc. (NASDAQ:MU) stock ended Friday session in the red zone in a volatile trading. The stock closed down 0.4 points or 1.64% at $24.05 with 28,578,398 shares getting traded. Post opening the session at $24.71, the shares hit an intraday low of $23.9 and an intraday high of $24.76 and the price was in this range throughout the day. The company has a market cap of $26,521 million and the number of outstanding shares has been calculated to be 1,102,751,850 shares. The 52-week high of Micron Technology, Inc. (NASDAQ:MU) is $25.31 and the 52-week low is $9.35.
Micron Technology Last issued its quarterly earnings results on Dec 21, 2016. The company reported $0.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.03. Analyst had a consensus of $0.29. The company had revenue of $3970.00 million for the quarter, compared to analysts expectations of $3936.27 million. The companys revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Micron Technology was Upgraded by BofA/Merrill to Buy on Feb 9, 2017. Company shares were Reiterated by Mizuho on Feb 3, 2017 to Buy, Raises Price Target to $ 30 from a previous price target of $27 .Company shares were Reiterated by Cowen on Feb 1, 2017 to Outperform, Raises Price Target to $ 33 from a previous price target of $26 .Company shares were Reiterated by Argus on Dec 23, 2016 to Buy, Raises Price Target to $ 28 from a previous price target of $22 .Micron Technology was Upgraded by Needham on Dec 22, 2016 to Buy, Price Target of the shares are set at $33.
Company has reported several Insider transactions to the SEC, on Jan 10, 2017, Brian Shirley (VP Memory Solutions) sold 90,580 shares at 22.09 per share price.On Dec 27, 2016, Scott J Deboer (VP Technology Development) sold 48,780 shares at 22.98 per share price.On Nov 9, 2016, Dermot Mark Durcan (Chief Executive Officer) sold 1,803 shares at 13.28 per share price.
Micron Technology, Inc. has established itself as one of the leading worldwide providers of semiconductor memory solutions. The companys quality memory solutions serve customers in a variety of industries including computer and computer-peripheral manufacturing, consumer electronics, CAD/CAM, telecommunications, office automation, network and data processing, and graphics display. The companys mission is to be the most efficient and innovative global provider of semiconductor memory solutions.