Micron Technology (MU) : 13 brokerage houses believe that Micron Technology (MU) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Micron Technology (MU). Zacks Investment Research suggests a Sell with a rank of 4. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 2 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 21 Wall Street Analysts endorse the stock as a Buy with a rating of 1.93.
Micron Technology (MU) : The consensus price target for Micron Technology (MU) is $14.81 for the short term with a standard deviation of $3.35. The most optimist securities analyst among the 16 who monitor the stock believes that the stock can reach $19, however, the pessimist price target for the company is $8.
For the current week, the company shares have a recommendation consensus of Buy. Micron Technology (NASDAQ:MU): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.25 and $14.21 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.49. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.43, notching a gain of 1.62% for the day. The total traded volume was 14,451,251 . The stock had closed at $14.20 on the previous day.
In a related news, The officer (VP Memory Solutions), of Micron Technology Inc, Shirley Brian had unloaded 48,750 shares at $12.37 per share in a transaction on July 5, 2016. The total value of transaction was $603,038. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
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.