Mizuho Securities Reaffirms Their Hold Rating on Micron (MU)

By Austin Angelo

Mizuho Securities analyst Vijay Rakesh maintained a Hold rating on Micron (MUResearch Report) yesterday and set a price target of $44. The company’s shares closed yesterday at $42.90.

According to TipRanks.com, Rakesh is a top 100 analyst with an average return of 20.1% and a 62.5% success rate. Rakesh covers the Consumer Goods sector, focusing on stocks such as Skyworks Solutions, Intel Corporation, and Texas Instruments.

Micron has an analyst consensus of Moderate Buy, with a price target consensus of $42.76, representing a -0.3% downside. In a report issued on June 27, Wedbush also initiated coverage with a Hold rating on the stock with a $30 price target.

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Micron’s market cap is currently $47.36B and has a P/E ratio of 5.03. The company has a Price to Book ratio of 1.34.

Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. Most recently, in April 2019, Joel Poppen, the SVP, Legal Affairs, General of MU sold 20,210 shares for a total of $837,705.

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).