Micron Technology (NYSE:MU)‘s stock had its “hold” rating reiterated by analysts at TheStreet in a research report issued to clients and investors on Friday, AR 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.”
Micron Technology (NYSE:MU) traded down 0.01% during mid-day trading on Friday, hitting $13.859. The stock had a trading volume of 7,304,707 shares. Micron Technology has a one year low of $5.16 and a one year high of $15.07. The stock’s 50-day moving average is $13.60 and its 200-day moving average is $11.81. The company’s market cap is $14.392 billion.
Micron Technology (NYSE:MU) last released its earnings data on Wednesday, June 19th. The company reported $0.04 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted ($0.32) earnings per share. Micron Technology’s revenue was up 6.7% compared to the same quarter last year. Analysts expect that Micron Technology will post $-0.28 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on MU. Analysts at Robert W. Baird downgraded shares of Micron Technology from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, August 15th. Separately, analysts at Nomura raised their price target on shares of Micron Technology from $12.00 to $14.00 in a research note to investors on Monday, August 12th. They now have a “neutral” rating on the stock. Finally, analysts at Citigroup Inc. raised their price target on shares of Micron Technology to $19.00 in a research note to investors on Monday, August 12th.
Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Micron Technology presently has a consensus rating of “Hold” and a consensus target price of $14.85.
In other Micron Technology news, VP Scott Deboer unloaded 14,800 shares of the stock on the open market in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $15.00, for a total value of $222,000.00. Following the transaction, the vice president now directly owns 264,873 shares in the company. The transaction was disclosed in a document filed 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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