What Did This CEO Just Do with Personal Shares of Micron (NASDAQ: MU)?

By Carrie Williams

Today, the CEO of Micron (NASDAQ: MU), Dermot Mark Durcan, sold shares of MU for $23.94K.

In addition to Dermot Mark Durcan, 15 other MU executives reported Sell trades in the last month. Over the last month, Dermot Mark Durcan has reported another 3 Sell trades on MU for a total of $9.23M.

The company has a one year high of $18.33 and a one year low of $9.31. Currently, Micron has an average volume of 33.83M.

Based on 20 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $20.20, reflecting a -14.9% downside. 10 different firms, including Merrill Lynch and Drexel Hamilton, currently also have a Sell rating on the stock.

The insider sentiment on Micron has been negative according to 36 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Micron Technology, Inc. provides semiconductor solutions. It manufactures and distributes semiconductor solutions. It manufactures and markets DRAM, NAND Flash and NOR Flash memory, as well as other memory technologies, packaging solutions and semiconductor systems for use in computing, consumer, networking, automotive, industrial, embedded and mobile products. The company operates through four segments: Compute and Networking Business Unit (CNBU), Mobile Business Unit (MBU), Storage Business Unit (SBU), and Embedded Business Unit (EBU). The CNBU segment includes DRAM and NOR Flash products sold to the computing, networking, graphics and cloud server markets. The MBU segment includes DRAM, NAND Flash and NOR Flash products sold to the smartphone, feature phone and tablet mobile device market. The SBU segment includes NAND Flash components and SSDs sold into enterprise and client storage, cloud and removable storage markets. SBU also includes NAND Flash products sold to Intel through its IMFT joint venture. The EBU includes DRAM, NAND Flash and NOR Flash products sold into automotive and industrial applications, as well as the connected home and consumer electronics 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.