The technical study highlights that Micron Technology, Inc. current is trading $1.656 points away or +10.647% from 50-day moving average of $15.549. The companys platforms are used in various computing applications comprising notebooks, 2 in 1 systems, desktops, servers, tablets, smartphones, wireless and wired connectivity products, wearables, retail devices, and manufacturing devices, as well as for retail, transportation, industrial, buildings, home use, and other market segments. This means 73% are positive. These analysts have also projected a Low Estimate of $-0.21/share and a High Estimate of $-0.05/share.
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The stock’s price is trading higher to its 52 week low of $46.00 with +68.93% and moving down from its 52 week high price of $91.28 with -14.87%. However a year ago during same quarter Micron Technology, Inc. The firm restates its Buy rating and a price target of $20. Morgan Stanley maintained the shares of MU in a report on August 30 with “Overweight” rating. The investment firm has shared insights into the semiconductor business after hosting CFO, Ernie Maddock at the 2016 Deutsche Bank Technology Conference in Las Vegas earlier this week. Analyst forecasts, earnings estimates and price target projections are issued to help their clients make money through stock investments.
During last 5 trades the stock sticks nearly -1.34%.
The 52-week high of Micron Technology, Inc.
Earnings Surprise: According to the earnings report released for 0.02, The Company posted actual earnings of $Quarter Ending May-16 per share whereas the Analysts projected earnings were $4.00 per share.
About 43,383 shares traded hands.
Micron Technology, Inc. (MU) opened the session with a $16.9 price tag, later ranging from $16.8501 to $17.46, the range at which the stock has traded at throughout the day. PEG perhaps more useful shows that Micron Technology, Inc. has a value for PEG of 56.84. The company has a market cap of $17.15 billion. The company has seen its stock increase in value by 8.8% so far this year.
The price/earnings ratio (P/E) is 55.15 and the forward P/E ratio stands at 27.04. Its up 0.28, from 0.88 in 2016Q1. The shares are up by over 16.24% in the last three months, and the RSI indicator value of 60.98 is neither bullish nor bearish, tempting investors to stay on the sidelines. The average volume stands around 28.33 million shares. Micron Technology, Inc.’s (MU) is a part of Technology sector and belongs to Semiconductor- Memory Chips industry. Dalton Investments Llc owns 1.42 million shares or 7.9% of their United States portfolio.
The company filed an 8-K disclosing that it has adopted a rights agreement that would avoid an “ownership change” in the event that an investor takes a greater than 5% equity position in the company. The United Kingdom-based Majedie Asset Management Ltd has invested 5.58% in the stock.
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Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol (IP) based networking and other products related to the communications and information technology industry worldwide.
