On May 1, 2024, Scott Deboer, Executive Vice President of Technology & Products at Micron Technology Inc (MU, Financial), executed a sale of 40,000 shares of the company. The transaction was filed on the same day with the SEC. Over the past year, the insider has sold a total of 108,228 shares and has not made any purchases.
Micron Technology Inc (MU, Financial) is a global leader in memory and storage solutions, developing innovative DRAM, NAND, and NOR technologies. These products are used in everything from computing, networking, and server applications to mobile, embedded, consumer, automotive, and industrial designs.
On the date of the sale, shares of Micron Technology Inc were priced at $110.31, resulting in a market cap of approximately $127.02 billion. This valuation reflects the company's significant presence in the semiconductor industry.
The sale by the insider occurs in a context where Micron Technology Inc has seen a total of 52 insider sells and no insider buys over the past year, indicating a trend of insider sales.
Regarding valuation metrics, Micron Technology Inc has a GF Value of $58.67, suggesting that the stock is currently Significantly Overvalued with a price-to-GF-Value ratio of 1.88. The GF Value is calculated considering historical trading multiples, an adjustment factor based on the company's past performance, and future business performance estimates.
The above insider trend image reflects the ongoing selling pattern among the company's insiders, which could be of interest to current and potential investors.
The GF Value image further illustrates the disparity between the current stock price and its estimated fair value, indicating that the stock might be overvalued at its current trading price.
For more detailed information on Micron Technology Inc's stock performance and valuation, including price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, investors are encouraged to visit the detailed pages linked.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
