Micron Technology (NASDAQ:MU) Earns Daily Media Sentiment Score of -3.25

News headlines about Micron Technology (NASDAQ:MU) have been trending very negative on Thursday, InfoTrie Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Micron Technology earned a daily sentiment score of -3.25 on their scale. InfoTrie also gave news stories about the semiconductor manufacturer an news buzz score of 9 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company’s share price in the next few days.

Here are some of the news headlines that may have effected Micron Technology’s score:

NASDAQ MU traded up $1.30 during trading on Thursday, reaching $44.67. 26,184,741 shares of the company’s stock were exchanged, compared to its average volume of 30,294,262. The company has a market capitalization of $47.53 billion, a price-to-earnings ratio of 3.78 and a beta of 1.97. The company has a quick ratio of 1.88, a current ratio of 2.79 and a debt-to-equity ratio of 0.10. Micron Technology has a fifty-two week low of $28.39 and a fifty-two week high of $57.56. The stock has a fifty day moving average price of $36.93.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Tuesday, June 25th. The semiconductor manufacturer reported $1.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.30. The business had revenue of $4.79 billion during the quarter, compared to analyst estimates of $4.70 billion. Micron Technology had a return on equity of 30.94% and a net margin of 37.35%. The firm’s revenue was down 38.6% on a year-over-year basis. During the same period in the previous year, the company earned $3.15 EPS. As a group, sell-side analysts expect that Micron Technology will post 6.06 earnings per share for the current fiscal year.

A number of research analysts recently issued reports on MU shares. ValuEngine lowered Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Deutsche Bank set a $8.00 price target on YRC Worldwide and gave the stock a “buy” rating in a research note on Monday, May 20th. Zacks Investment Research cut HENGAN INTL GRP/ADR from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 21st. Mizuho dropped their price target on Intel from $56.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, July 11th. They noted that the move was a valuation call. Finally, Cowen started coverage on Kontoor Brands in a research note on Monday, April 8th. They issued a “neutral” rating and a $7.50 price target on the stock. Four analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seventeen have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $46.77.

In related news, EVP Scott J. Deboer sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $45.00, for a total value of $900,000.00. Following the transaction, the executive vice president now directly owns 130,236 shares of the company’s stock, valued at approximately $5,860,620. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP April S. Arnzen sold 4,800 shares of Micron Technology stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $45.00, for a total value of $216,000.00. Following the completion of the transaction, the senior vice president now directly owns 79,392 shares in the company, valued at $3,572,640. The disclosure for this sale can be found here. 0.20% of the stock is owned by insiders.

About Micron Technology

Micron Technology, Inc engages in the provision of innovative memory and storage solutions. It operates through the following segments: Compute and Networking Business Unit (CNBU); Mobile Business Unit (MBU); Storage Business Unit (SBU); and Embedded Business Unit (EBU). The Compute and Networking Business Unit segment includes memory products sold into cloud server, enterprise, client, graphics, and networking markets.

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