Micron (MU) Receives a Buy from Barclays

By Austin Angelo

Barclays analyst Blayne Curtis maintained a Buy rating on Micron (MUResearch Report) on January 16 and set a price target of $70.00. The company’s shares closed last Monday at $57.66, close to its 52-week high of $58.48.

According to TipRanks.com, Curtis is a 5-star analyst with an average return of 14.7% and a 66.5% success rate. Curtis covers the Consumer Goods sector, focusing on stocks such as MACOM Technology Solutions Holdings, Smart Global Holdings, and Silicon Laboratories.

Micron has an analyst consensus of Moderate Buy, with a price target consensus of $64.36, which is a 10.9% upside from current levels. In a report issued on January 5, Susquehanna also reiterated a Buy rating on the stock with a $85.00 price target.

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Micron’s market cap is currently $64.05B and has a P/E ratio of 18.70. The company has a Price to Book ratio of 1.75.

Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MU in relation to earlier this year. Earlier this month, Joel Poppen, the SVP, Legal Affairs, General of MU sold 20,000 shares for a total of $1,139,200.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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).