Micron Technology (NYSE:MU)‘s stock had its “hold” rating reiterated by research analysts at TheStreet in a report released on Monday, Analyst Ratings Network reports.
The analysts wrote, “Micron Technology (MU) has been reiterated by TheStreet Ratings as a hold with a ratings score of C. The company’s strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and compelling growth in net income. However, as a counter to these strengths, we find that we feel that the company’s cash flow from its operations has been weak overall.”
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital raised their price target on shares of Micron Technology (NYSE:MU) from $16.00 to $19.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Susquehanna upgraded shares of Micron Technology (NYSE:MU) from a “negative” rating to a “neutral” rating in a research note to investors on Monday, September 9th. They now have a $14.00 price target on the stock, up previously from $10.00. Finally, analysts at Nomura reiterated a “positive” rating on shares of Micron Technology (NYSE:MU) in a research note to investors on Wednesday, September 4th.
One analyst has rated the stock with a sell rating, seventeen have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $15.47.
Micron Technology (NYSE:MU) traded up 2.10% on Monday, hitting $16.545. The stock had a trading volume of 14,360,787 shares. Micron Technology has a 52 week low of $5.16 and a 52 week high of $16.85. The stock has a 50-day moving average of $14.17 and a 200-day moving average of $11.85. The company’s market cap is $17.182 billion.
Micron Technology (NYSE:MU) last announced its earnings results on Wednesday, June 19th. The company reported $0.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.02 by $0.02. The company had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the prior year, the company posted ($0.32) earnings per share. The company’s quarterly revenue was up 6.7% on a year-over-year basis. Analysts expect that Micron Technology will post $-0.25 EPS for the current fiscal year.
In other Micron Technology news, CFO Ronald Foster sold 40,200 shares of the company’s stock on the open market in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $14.01, for a total transaction of $563,202.00. Following the transaction, the chief financial officer now directly owns 813,556 shares of the company’s stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Micron Technology, Inc, is a global manufacturer and marketer of semiconductor devices, principally NAND Flash, DRAM and NOR Flash memory, as well as other memory technologies, packaging solutions and semiconductor systems for use in computing, consumer, networking, automotive, industrial, embedded and mobile products.
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