Micron Technology Stock (NASDAQ:MU) Gains 1.1% in Trading

Micron Technology Inc. (NASDAQ: MU) saw a 1.1% increase in shares on Friday, trading at $108.61. Analysts have shown confidence in the company, with price target boosts and buy ratings. The company’s recent quarterly earnings report exceeded expectations, with a $0.14 EPS beat. Micron Technology’s revenue also saw an 81.5% increase year-over-year. The firm also announced a quarterly dividend, with a $0.46 annualized dividend and a 0.42% yield. Insiders have been active in selling shares, with EVP Manish H. Bhatia and SVP Michael W. Bokan both selling off substantial amounts of stock.
Institutional investors have also shown interest in the company, with Vanguard Group Inc. holding over 96 million shares and other large investors increasing their positions in Micron Technology. The company operates through four segments, providing memory and storage products globally under the Micron and Crucial brands. With a strong market capitalization of $121.32 billion and a consensus price target of $158.72, the company continues to be a popular choice for investors. Micron Technology’s stockholders can look forward to potential growth and stability in the future, as the company maintains its position in the memory and storage technology industry.

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