Micron Technology Receives Hold Rating from TheStreet (MU)
Micron Technology (NYSE:MU)‘s stock had its “hold” rating restated by equities researchers at TheStreet in a research report issued on Thursday, American Banking News 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.”
Several other analysts have also recently commented on the stock. Analysts at Sterne Agee reiterated a “buy” rating on shares of Micron Technology (NYSE:MU) in a research note to investors on Thursday. They now have a $19.00 price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Micron Technology (NYSE:MU) to $25.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Finally, analysts at Wedbush reiterated an “outperform” rating on shares of Micron Technology (NYSE:MU) in a research note to investors on Friday, September 20th. They now have a $23.00 price target on the stock, up previously from $16.00. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $15.99.
Shares of Micron Technology (NYSE:MU) traded up 1.65% during mid-day trading on Thursday, hitting $17.2501. 11,581,992 shares of the company’s stock traded hands. Micron Technology has a 52-week low of $5.16 and a 52-week high of $17.59. The stock’s 50-day moving average is $15.02 and its 200-day moving average is $12.36. The company’s market cap is $17.914 billion. Micron Technology also was the target of some unusual options trading on Tuesday. Investors acquired 49,237 put options on the stock. This represents an increase of approximately 120% compared to the average daily volume of 22,397 put options.
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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