Boston, MA 02/11/2014 (wallstreetpr) – Micron Technology, Inc. (NASDAQ:MU) recent rating of “equal weight” has been reiterated in a recent research report issue to investors as the bell rung on Monday trading session. The rating was given by analyst at Morgan Stanley research who were quoted as saying”We have underestimated the strength of the cyclical upturn, mostly due to the Wuxi fire, and have underestimated how quickly investor sentiment would turn towards this being sustainable and behavioral”
Micron Technology, Inc. (NASDAQ:MU) has in the recent past been struggling with weaker NAND prices which have fallen down by a staggering 25% in a matter of two quarters alone. This is despite a strong pricing environment in the market. JMP Securities on their part changed the rating of the company from a “market outperform” to the rating of “outperform”. Micron technology has been rated a sell by fourteen research firms and hold rating by twelve firms
Micron Technology has been a subject of ratings from research firms with the recent one being the rating of a buy by TheStreet a note that was issued on February 3rd.
Inside selling of shares at Micron
It is being reported that Micron Technology, Inc. (NASDAQ:MU) Director Lawrence Monday has sold his shares totaling 10,000 in an open market transaction. He sold the stock at a price of $23.22 for a net value of $232,200. The director currently commands 210,834 of the company shares which are being valued at a market price of $4,895,565.
Micron Technology, Inc. (NASDAQ:MU) which is a global manufacturer of semiconductor devices such as NAND Flash, DRAM and NOR flash hopes its fortunes continue to change in the years to come, there is a massive optimism of the company’s growth banking on the continuous manufacture of PCs and tablets.
Micron Technology (NASDAQ:MU) was un-moved on Monday trading session trading cautiously and closing the day at $24.87 a slight improvement of 1.47%
