While Micron Technology Inc. has underperformed by -0.36%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, MU rose by 46.57%, with highs and lows ranging from $157.54 to $63.88, whereas the simple moving average fell by -3.63% in the last 200 days.
On September 26, 2024, TD Cowen Reiterated Micron Technology Inc. (NASDAQ: MU) to Buy. A report published by TD Cowen on September 19, 2024, Reiterated its previous ‘Buy’ rating for MU. Wells Fargo also reiterated MU shares as ‘Overweight’, quoting a target price of $175 on the company’s shares in a report dated September 18, 2024. Morgan Stanley Reiterated the rating as Equal-Weight on September 16, 2024, but set its price target from $140 to $100. Exane BNP Paribas September 12, 2024d its ‘Outperform’ rating to ‘Underperform’ for MU, as published in its report on September 12, 2024. Needham’s report from August 26, 2024 suggests a price prediction of $140 for MU shares, giving the stock a ‘Buy’ rating. TD Cowen also rated the stock as ‘Buy’.
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Analysis of Micron Technology Inc. (MU)
Investors in Micron Technology Inc. will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $0.46 per share. Further, the quarter-over-quarter increase in sales is 93.27%, showing a positive trend in the upcoming months.
One of the most important indicators of Micron Technology Inc.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 1.74% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.68, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and MU is recording 25.44M average volume. On a monthly basis, the volatility of the stock is set at 3.46%, whereas on a weekly basis, it is put at 2.83%, with a gain of 2.22% over the past seven days. Furthermore, long-term investors anticipate a median target price of $146.37, showing growth from the present price of $102.54, which can serve as yet another indication of whether MU is worth investing in or should be passed over.
How Do You Analyze Micron Technology Inc. Shares?
The Semiconductors market is dominated by Micron Technology Inc. (MU) based in the USA. When comparing Micron Technology Inc. shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 152.11, there is a growth in quarterly earnings of 160.37%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.38%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 80.07% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
MU shares are owned by institutional investors to the tune of 80.07% at present.
