Boston, MA 02/28/2014 (wallstreetpr) – Micron Technology, Inc. (NASDAQ:MU) is a global manufacturer and seller of semiconductor devices. The items it manufactures include but are not limited to NOR Flash memory, DRAM and NAND Flash. The growing popularity of smartphone devices with higher specs and low energy usage has created a boom in the semiconductor industry and MU has had the best of this robust growth.
In 2013, the company emerged among the top five semiconductor manufacturers, improving position from 10 in the previous year. Micron Technology, Inc. (NASDAQ:MU) systems have application in networking, mobile products, industrial, computing and automotive.
Analysts weigh in
Analysts have been weighing in with sentiments on the stock of Micron Technology, Inc. (NASDAQ:MU). The latest to issue comment on the stock are analysts at TheStreet. The analysts released a note on MU earlier in the week, placing a “buy” tag on the stock and backing that stance with a number of points.
TheStreet is excited with Micron Technology, Inc. (NASDAQ:MU) because of the stock’s multiple strengths that can be seen in areas such as attractive return on equity, encouraging growth in earnings per share, compelling net income and generally solid stock performance. With that in mind, the analysts believe that no weakness that might be hanging around the stock is stronger or big enough to upset the positive outlook of the stock.
TheStreet is not alone in considering Micron Technology, Inc. (NASDAQ:MU) and a buy stock. Many other investment analysts from brokerages such as JMP Securities, Morgan Stanley (NYSE:MS) and Sanford C. Bernstein have all been positive in their sentiments on the stock. In fact, many analysts commenting on the stock have raised their price targets to above $30 in their most recent views.
Stock performance
Micron Technology, Inc. (NASDAQ:MU) was last seen trading at $24.19 after losing 0.12 percent of its market value. However, the stock was able to rebound in the post-market session, gaining 0.41 percent. The $25.66 billion market capped stock traded a fairly higher volume that daily average in the last session, a day that saw the stock escalating to heights of $24.34.
