Shares of Micron Technology, Inc. (NASDAQ:MU) saw a 1.1% increase in trading on Friday, reaching a high of $110.16. Analysts have been positive about the company, with various firms raising their price targets and giving a “buy” rating. Micron Technology recently reported earnings, beating the consensus estimate with $0.62 earnings per share. The company also announced a quarterly dividend.
Insider trading activities have been reported, with EVP Manish H. Bhatia selling shares, and SVP Michael W. Bokan also selling shares. Institutional investors have been making changes to their positions in Micron Technology, with companies like Vanguard Group Inc. and Capital World Investors increasing their holdings.
Micron Technology, Inc. is a global company that designs, manufactures, and sells memory and storage products. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. Micron Technology provides a range of memory and storage technologies under brands like Micron and Crucial.
Overall, Micron Technology has been performing well in the market, with the stock trading up 1.8% recently. The company has a strong market capitalization and a positive outlook from analysts. With institutional investors showing confidence in the company, Micron Technology continues to be a strong player in the memory and storage industry.
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