Boston, MA 06/09/2014 (wallstreetpr) – Micron Technology, Inc. (NASDAQ:MU) is being covered by various research analysts. During their course of action, various analysts gave the rating to MU. Thirty three research analysts have a “Buy” rating to the company. Two other analysts rated the company with “Sell.” Eight of the research analysts have the stock of MU, “Hold” rating and seventeen issued “Buy” rating. On average, the 12-month target price is $26.72.
MU’s earning data released
Micron Technology, Inc. (NASDAQ:MU) released the earning data on April 3, 2014. It was reported that the earning per share of the company was $0.85 for Q1 2014, thereby surpassing the consensus estimate of $0.74 of Thomson Reuters. The revenue of the company was $4.11 billion for the first quarter of the present fiscal year, in comparison to the $3.98 billion consensus estimate. The analysts opined that the earning per share of the company in the present fiscal year will be $3.02.
Analysts’ comments on MU’s stock
Various analysts gave their comments on the stock of Micron Technology, Inc. (NASDAQ:MU). ING Group while upgrading the company’s shares gave an “Outperform” rating to the stock of the company from “Sector Perform.”
RBC Capital research analysts also upgraded the MU’s stock and gave it an “Outperform” rating from “Sector Perform.” The price target of RBC Capital on MU’s stock is now $34.00 from $27.00.
Sterne Agee analysts reiterated the rating of MU to “Buy.” Their price target is now $32.00.
In yet another news related to MU, it was found that the Director of the company unloaded thousands of shares.
Micron Technology, Inc. (NASDAQ:MU) manufactures and markets the semiconductor devices, which mainly include NOR, DRAM and NAND Flash memory. It also manufactures various other packaging solutions, memory technologies as well as semiconductor systems which can be used in networking, automotive, consumer, computing, mobile, embedded, as well as industrial products.
