Micron Technology (MU) was Reiterated by Cowen to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 34 from a previous price target of $33 . Cowen advised their Clients and Investors in a research report released on Mar 3, 2017.
Based on several research reports , Company shares were Reiterated by Cowen on Mar 3, 2017 to “Outperform”, Firm has raised the Price Target to $ 34 from a previous price target of $33 .Company shares were Reiterated by Cowen on Mar 3, 2017 to “Outperform”, Firm has raised the Price Target to $ 34 from a previous price target of $33 .Micron Technology was Upgraded by Goldman to ” Buy” on Mar 1, 2017. Micron Technology was Upgraded by BofA/Merrill to ” Buy” on Feb 9, 2017. Company shares were Reiterated by Mizuho on Feb 3, 2017 to “Buy”, Firm has raised the Price Target to $ 30 from a previous price target of $27 .
On the company’s financial health, Micron Technology reported $0.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Dec 21, 2016. Analyst had a consensus of $0.29. The company had revenue of $3970.00 million for the quarter, compared to analysts expectations of $3936.27 million. The company’s revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.
Several company insiders have filed Insider transactions , on Feb 16, 2017, Brian Shirley (VP Memory Solutions) sold 27,250 shares at $23.12 per share price. According to the SEC, on Feb 10, 2017, Steven L. Jr Thorsen (Vice President, Worldwide Sale) sold 126,000 shares at $24.64 per share price. On Dec 27, 2016, Scott J Deboer (VP Technology Development) sold 48,780 shares at $22.98 per share price, according to the Form-4 filing with the securities and exchange commission.
Micron Technology opened for trading at $23.36 and hit $23.77 on the upside on Monday, eventually ending the session at $23.76, with a gain of 2.24% or 0.52 points. The heightened volatility saw the trading volume jump to 1,79,99,814 shares. Company has a market cap of $26,201 M.
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.