Price Target Update on Micron Technology (NASDAQ:MU)

Micron Technology (NASDAQ:MU) : Currently there are 17 street experts covering Micron Technology (NASDAQ:MU) stock. The most bullish and bearish price target for the stock is $19 and $10 respectively for the short term. The average price target of all the analysts comes to $14.5. The estimated standard deviation from the target is $3.02.

Other Equity analysts have also commented on the company shares. Goldman Sachs maintains its rating on Micron Technology (NASDAQ:MU). The global brokerage major raises the current price target from $10 per share to $13 per share. Analysts at the Goldman Sachs have a current rating of Neutral on the shares. The rating by the firm was issued on June 6, 2016.

Micron Technology (NASDAQ:MU): stock turned positive on Thursday. Though the stock opened at $13.41, the bulls momentum made the stock top out at $14.16 level for the day. The stock recorded a low of $13.41 and closed the trading day at $14.05, in the green by 10.46%. The total traded volume for the day was 71,202,971. The stock had closed at $12.72 in the previous days trading.

The company shares have dropped -47.04% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $24.24 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $11.45 and the 200 Day Moving Average price is recorded at $11.59. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CFO of Micron Technology Inc, Maddock Ernest E, had purchased 10,000 shares in a transaction dated on January 21, 2016. The transaction was executed at $10.69 per share with total amount equaling $106,900.

Micron Technology, Inc. is a global provider of semiconductor devices. Through the Companys 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.

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