The Stock had a 2.09 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 2.09 and 2.09 respectively.
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Before and after the earnings report, covering Wall Street analysts often make updates to their projections. (NASDAQ:MU) to post net income of about $-0.12 per share on $3,148.98M in revenue.
David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now. and Micron Technology wasn’t one of them!
On 8/29/2016 Scott J Deboer, VP, sold 31,500 with an average share price of $17.05 per share and the total transaction amounting to $537,075.00. The insider owns 2,619,376 shares which have current market value of around $54090114.4.Mr. Steven R. Appleton is another major inside shareholder in the company. Company’s beta value stands at 1.99 points. According to two new reports by DRAMeXchange, the prices of DRAM and NAND Flash memories are expected to rise significantly in 2017, which will benefit Micron, driving its share even higher.
For fiscal Q2, Micron expects to earn 63 cents a share excluding items on sales of $4.53 billion, based on the midpoint of its guidance. In my view, the increase in Micron’s gross margin in the recent quarter is quite impressive. Excluding non-recurring items, adjusted earnings per share came to 32 cents, beating the FactSet consensus of 26 cents. Backed by more than 35 years of technology leadership, Micron’s memory solutions enable the world’s most innovative computing, consumer, enterprise storage, networking, mobile, embedded and automotive applications.
Shares of Visa Inc (NYSE:V) declined -0.26% to $78.14. The company stock was upgraded to Buy from Underperform, wrote analysts at Needham, in a research note issued to clients on Thursday December 22, 2016.
The Company got Initiated by Loop Capital on 13-Dec-16 to Hold. The firm launched coverage on MU at Hold. The stock was range-bound for the rest of the session and closed up by 2.61 at $23.19 on the highest volume of the year. The stock is now holding above its 50-day SMA of $19.22 and above its 200-day SMA of $16.22. Deutsche Bank AG reaffirmed a “buy” rating and set a $20.00 price target on shares of Micron Technology in a research report on Wednesday, October 5th.
There was a lot to like about Boise, Idaho-based Micron Technology’s (NASDAQ: MU) fiscal 2017 first quarter.
The chipmaker posted revenue of $3.97 billion in the period, which fell short of Street forecasts.
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The company’s net income attributable to shareholders fell to $180 million, or 16 cents per share, in the first quarter ended December 1, from $206 million, or 19 cents per share, a year earlier. The company generated net income of $335 million, relative to a loss of $9 million in the final quarter of past year.
