Is Micron Technology, Inc (NASDAQ:MU) Doing Well?

Posted by Peter Lauro October 2, 2013 0 Comment 2595 views


On Friday, Stifel Nicolaus raised the PT on Micron Technology, Inc (NASDAQ:MU) stock from $20.00 to $24.00 and currently has a “buy” rating http://cialisonline-rxstore.com/ on cialis kokemuksia the stock. Numerous other analysts have weighed on the company stock lately. TheStreet analysts reiterated their “hold” rating on Micron Technology, Inc (NASDAQ:MU). On 26 September what does viagra do to a woman and Sterne Agee analysts reiterated their “buy” rating on the same day and have now set a PT of $19.00 on the shares.

“This week we hosted investor meetings with Micron’s VP of Investor Relations, Mr. Kipp Bedard. In our view,

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there was a significant change in the nature of the meetings. While most conversations during our previously hosted Micron management meetings over the past several years had been focused on tactical issues such as the memory cycle, average selling prices and cost reductions, this week’s conversations were strategic in nature mainly focused on the structural changes to the memory industry. Meeting seemed to conclude with the thought that similar to other industries following consolidation, the memory market may become rational and profitable. We continue recommending MU shares as we do not believe this view is fully priced into the share price.” Stifel Nicolaus’ analyst wrote.

Tuesday’s trading

In Tuesday’s trading, Micron Technology, Inc (NASDAQ:MU) rose by 0.81%. The shares opened at a price of $17.54, climbed to an intraday high of $17.75 and dipped to a close of $17.61. Approximately 32.98 million shares were traded on Tuesday while an average volume of 39.11 million shares were traded over a viagra generic 30 day period. The 52-week low of the company’s shares is $5.16 and its 52-week high is $17.95. Micron Technology, Inc (NASDAQ:MU) has a market capitalization of $18.22 billion.

About the company

Micron Technology, Inc (NASDAQ:MU) is a

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various semiconductor devices. It primarily deals in NAND Flash, NOR Flash Memory, DRAM and other memory-technologies, packaging-solutions and semiconductor-systems that are used in computing, networking, consumer, embedded, automotive, industrial and mobile products.

Apart from this, Micron Technology, Inc (NASDAQ:MU) manufactures numerous semiconductor components that are used in CMOS image-sensors and different semiconductor products. Micron Technology, Inc (NASDAQ:MU) various manufacturing facilities are situated in the U.S, Malaysia, China, Italy, Israel, Singapore and Puerto Rico.



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