The median 12-month price target of 21 analysts covering the company is $17.00, which suggests the stock could still gain more than 3 percent.
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The firm added that Micron has been “executing well” on its product roadmaps, driving a more competitive cost structure and helping it regain share. Vetr downgraded shares of Micron Technology from a “strong-buy” rating to a “buy” rating and set a $12.73 target price for the company.in a report on Tuesday, May 24th.
The leading market experts have placed a mean price target of $16.38 on Micron Technology, Inc. On Jun 23, 2016, Susquehanna said it Upgrades its rating on Micron Technology. According to the SEC, on Jan 25, 2016, Ernest E Maddock (CFO) purchased 10,000 shares at $10.69 per share price. The shares have been rated “Neutral” by the firm.
The technical analysis of Micron Technology, Inc. plainly substantiates that the 50-day moving average of Micron Technology, Inc.is $14.32, and stock is trading $2.43 points away or +16.95% from its 50-day moving average of $14.32.
This explains if the stock moves $-2.55, it will post a 52-week high. The average volume stands around 28.73 million shares. Micron Technology, Inc. has a 52-week low of 9.31 and a 52-week high of 19.30.
08/15/2016 – Micron Technology, Inc. had its “buy” rating reiterated by analysts at MKM Partners.
The share price of Micron Technology, Inc. The company will report its next earnings on Sep 29 – Oct 3 (Est.). The business had revenue of $2.90 billion for the quarter.
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Several executives took part in recent insider activity for the stock. Micron Technology, Inc.is in the Semiconductor- Memory Chips industry and Technology sector. ADTRAN, Inc. (NASDAQ:ADTN) posted a surprise factor of 15.79% for the previous quarter where the analyst consensus EPS estimate turned out to be $0.03 away from the reported actual number of $0.22. In a research note released today, the analyst mentioned that over the past two months, DRAM market has shown turnaround which restores the investors’ confidence. 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.
