Micron Technology (MU) – Research Analysts’ Weekly Ratings Changes

A number of firms have modified their ratings and price targets on shares of Micron Technology (NYSE: MU) recently:

Micron Technology had its “outperform” rating re-affirmed by analysts at Wells Fargo & Co..

Micron Technology had its “outperform” rating re-affirmed by analysts at RBC Capital.

Micron Technology had its “neutral” rating re-affirmed by analysts at Nomura. They now have a $8.00 price target on the stock.

Micron Technology had its “buy” rating re-affirmed by analysts at Jefferies Group.

Micron Technology, Inc. Corporate Information:

Micron Technology, Inc. is a global manufacturer and marketer of semiconductor devices, principally 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 computing, consumer, networking, automotive, industrial and mobile products. In addition, it manufactures semiconductor components for CMOS image sensors and other semiconductor products. The Company has four segments: DRAM Solutions Group (DSG), NAND Solutions Group (NSG), Wireless Solutions Group (WSG) and Embedded Solutions Group (ESG). It partners with Intel Corporation (Intel) for the design, development and manufacture of NAND Flash products. It produces photomasks for semiconductors through MP Mask Technology Center, LLC (MP Mask), a joint venture with Photronics, Inc. (Photronics).

Shares of Micron Technology, Inc. traded up 5.19% during mid-day trading on Tuesday, hitting $6.89. Micron Technology, Inc. has a 52 week low of $3.97 and a 52 week high of $9.16. The company’s market cap is $6.802 billion.

Micron Technology last announced its earnings results on Wednesday, June 20th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by $0.12. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, analysts predict that Micron Technology, Inc. will post $-0.04 earnings per share next quarter.

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Posted by Web Inquirer Staff on 4 Jul 2012. Filed under Markets. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.