Buy This Now For Growth And Dividend Growth – Micron Technology, Inc. (MU)

Poppen Joel L, SVP, Legal Affairs, General, subtracted 20,210 shares of Micron Technology, Inc. (MU) from its portfolio at the rate of $41.45 per share valuing $837,769 on Apr 15. The insider left behind 249,158 shares of the company to its portfolio. Before making a move on any particular stock, readers often pay close attention to support and resistance markers. The last reported price for shares of Micron Technology, Inc. (MU) was $43.48. Currently, the 1st Resistance Point for this stock is $43.87, with a 2nd Resistance Point sitting at $44.25. Meanwhile, this company’s stock has a 1st Support Level at $42.77 and a 2nd Support Level at $42.05. Micron Technology, Inc. (MU) stock has gained $3.89, or 9.83%, in the past five days. In the last full month, these shares have gained $8.64, or 24.80%. In the past three months, this stock’s price has risen by $1.20, or 2.84%. This year-to-date, Micron Technology, Inc. (MU) shares have gained $11.75, or 37.03%.

Analyzing price projection indicators is a helpful way to determine whether a potential stock buy is a wise choice for profits in the short term, medium term, and long term. For Micron Technology, Inc. (MU) stock, 80% of short-term indicators suggest that these shares are a “ Buy .” Meanwhile, 50% of medium-term indicators point to this stock being a “ Buy .” Looking further ahead, 33% of long-term indicators suggest that this stock is a “ Buy .”

With 1,103,803 K shares outstanding, this company currently has a market capitalization of $47,993,352K. Micron Technology, Inc. (MU) generates $30,391 M in annual sales, amounting to annual net income of $14,135 M. This stock has generated a 1-Year Total Return of -19.75%, a 3-Year Total Return of 231.15%, and a 5-year Total Return of 31.16%. This stock’s 5-Year Dividend Growth is 0.00%, with its most recent dividend valued at $0.050 per share on 05/07/96. Its Annual Dividend Yield is 0.00%, and its Annual Dividend Rate is 0.00.

In the most recently-reported fiscal quarter, which ended in May-19, Micron Technology, Inc. (MU) reported earnings of $1.05 per share. Wall Street analysts, on average, were expecting the company to report earnings of $0.78 per share, representing a 0.27 difference and 33.89% surprise. In the previous quarter ending in Feb-19, the reported earnings of $1.71 represented a 0.04 difference from the consensus estimate calling for $1.67 per share, which was a 2.63% surprise.

For the current fiscal quarter, which is set to end in 08/2019, the average earnings estimate is $0.41 per share. This estimate came from a total of 10 Wall Street Analysts. Of those market experts, the high estimate was $0.52 and the low estimate was $0.34. In the year-ago quarter, Micron Technology, Inc. (MU) generated per-share earnings of $3.50. If the analysts are correct about the current quarter’s earnings, the growth will be -88.29% .

Turning our focus now to insider trading activity, there have been 2 purchases (21,278 shares in total) and 3 sale (48,934 shares in total) in the last 3 months. In the last 6 months, there have been 7 insider buys amounting to 42,460 shares and 7 insider sales amounting to 89,047 shares. In the past full year, 33 insider purchases were made (involving 694,544 shares) and 33 insider sell-offs equivalent to 394,954 shares.

Moving onto liquidity, Micron Technology, Inc. (MU) has a Current Ratio of 2.79, a Quick Ratio of 2.16 and a Cash Ratio of 1.18. Looking at this company’s capital structure, its Total Debt to Total Equity is 14.36, its Total Debt to Total Capital is 12.56, and its Total Debt to Total Assets is now 10.69. Looking even further ahead into the future, its Long-Term Debt to Equity is 11.70 and its Long-Term Debt to Total Capital is 10.23.