Yesterday it was reported that the SVP, Chief People Officer of Micron (MU – Research Report), April Arnzen, exercised options to sell 11,668 MU shares at $24.67 a share, for a total transaction value of $713.6K.
Following April Arnzen’s last MU Sell transaction on July 02, 2020, the stock climbed by 12.2%. In addition to April Arnzen, one other MU executive reported Sell trades in the last month.
Based on Micron’s latest earnings report for the quarter ending August 31, the company posted quarterly revenue of $6.06 billion and quarterly net profit of $988 million. In comparison, last year the company earned revenue of $4.87 billion and had a net profit of $561 million. The company has a one-year high of $62.20 and a one-year low of $31.13. MU’s market cap is $69.01 billion and the company has a P/E ratio of 26.10.
Based on 23 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $61.65, reflecting a -0.2% downside.
The insider sentiment on Micron has been negative according to 58 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
April Arnzen’s trades have generated a -41.2% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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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. The Mobile Business Unit segment offers memory products sold into smartphone, and other mobile-device markets. The Storage Business Unit segment comprises of SSDs and component-level solutions sold into enterprise and cloud, client, and consumer solid-state drive (SSD) markets, other discrete storage products sold in component and wafer forms to the removable storage markets, and sales of 3D XPoint memory. The Embedded Business Unit segment consists of memory and storage products sold into automotive, industrial, and consumer markets. The company was founded by Ward D. Parkinson, Joseph L. Parkinson, Dennis Wilson, and Doug Pitman in October 1978 and is headquartered in Boise, ID.