The SVP HR of Micron is Exercising Options

By Carrie Williams

Today, the SVP HR of Micron, April Arnzen, exercised options of Micron for $1.23M.

Following April Arnzen’s last MU Sell transaction on March 31, 2017, the stock climbed by 13.4%.

Based on Micron’s latest earnings report for the quarter ending November 30, the company posted quarterly revenue of $6.8 billion and quarterly net profit of $2.68 billion. In comparison, last year the company earned revenue of $3.97 billion and had a net profit of $180 million. The company has a one-year high of $49.89 and a one-year low of $21.49. MU’s market cap is $48.93B and the company has a P/E ratio of 6.65.

Based on 22 analyst ratings, the analyst consensus is Strong Buy with an average price target of $58.5, reflecting a -27.4% downside. 10 different firms, including Merrill Lynch and Drexel Hamilton, currently also have a Sell rating on the stock.

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Micron Technology, Inc. engages in the designs and building of semiconductor memory and storage technologies. It operates through the following segments: Compute and Networking Business Unit, Storage Business Unit, Mobile Business Unit, and Embedded Business Unit.