Micron Technology (MU) is Upgraded by Raymond James to Strong Buy

Micron Technology (MU) was Upgraded by Raymond James to ” Strong Buy”. Earlier the firm had a rating of “Outperform ” on the company shares. Raymond James advised their investors in a research report released on Apr 15, 2016.

Many Wall Street Analysts have commented on Micron Technology. Micron Technology was Initiated by Brean Capital to “Buy” on Apr 15, 2016. Micron Technology was Downgraded by Bernstein to ” Mkt Perform” on Mar 31, 2016. Micron Technology was Downgraded by Macquarie to ” Neutral” on Mar 31, 2016.

On the company’s financial health, Micron Technology reported $-0.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Mar 30, 2016. Analyst had a consensus of $-0.09. The company had revenue of $2934.00 million for the quarter, compared to analysts expectations of $3047.12 million. The company’s revenue was down -29.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.81 EPS.

Micron Technology closed down -0.27 points or -2.52% at $10.45 with 1,82,58,001 shares getting traded on Monday. Post opening the session at $10.75, the shares hit an intraday low of $10.44 and an intraday high of $10.92 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Jan 25, 2016, Ernest E Maddock (CFO) purchased 10,000 shares at $10.69 per share price. According to the SEC, on Jan 19, 2016, Joel L Poppen (VP Legal Affairs, Gen Counsel) sold 47,685 shares at $11.10 per share price. On Jul 20, 2015, Robert L Bailey (director) sold 4,000 shares at $20.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Micron Technology Inc. is a global provider of semiconductor devices. Through the Company’s global operations it manufactures and markets a full range of Dynamic Random Access Memory (DRAM) NAND Flash and NOR Flash memory as well as other memory technologies packaging solutions and semiconductor systems for use in leading-edge computing consumer networking automotive industrial embedded and mobile products. The Company operates in four segments: Compute and Networking Business Unit (CNBU) which includes DRAM and NOR Flash products; Mobile Business Unit (MBU) which includes DRAM NAND Flash and NOR Flash products; Storage Business Unit (SBU) which includes NAND Flash components and Solid-State Drives (SSDs) cloud and removable storage markets. SBU also includes NAND Flash products and Embedded Business Unit (EBU) which includes DRAM NAND Flash and NOR Flash products.

Micron Technology

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