Robert W. Baird Upgrades Micron (MU) to Hold

By Carrie Williams

Robert W. Baird analyst Tristan Gerra upgraded Micron (MUResearch Report) to Hold today and set a price target of $55.00. The company’s shares closed last Monday at $52.56.

According to TipRanks.com, Gerra is a 5-star analyst with an average return of 14.9% and a 59.2% success rate. Gerra covers the Consumer Goods sector, focusing on stocks such as Sequans Communications S A, Skyworks Solutions, and Stmicroelectronics.

Micron has an analyst consensus of Moderate Buy, with a price target consensus of $66.54.

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The company has a one-year high of $61.19 and a one-year low of $32.14. Currently, Micron has an average volume of 24.05M.

Based on the recent corporate insider activity of 64 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. Most recently, in January 2020, 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).