Micron Technology (MU) Set to Announce Quarterly Earnings on Thursday
Micron Technology (NYSE:MU) is scheduled to issue its Q313 quarterly earnings data on Thursday, October 10th. Analysts expect the company to announce earnings of $0.24 per share and revenue of $2.70 billion for the quarter.
Shares of Micron Technology (NYSE:MU) traded up 1.04% on Wednesday, hitting $18.112. 55,654,536 shares of the company’s stock traded hands. Micron Technology has a 52 week low of $5.16 and a 52 week high of $18.85. The stock has a 50-day moving average of $15.97 and a 200-day moving average of $12.93. The company’s market cap is $18.809 billion. Micron Technology also saw unusually large options trading activity on Monday. Traders bought 96,183 call options on the stock. This is an increase of 110% compared to the average daily volume of 45,734 call options.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. raised their price target on shares of Micron Technology from $19.00 to $30.00 in a research note to investors on Monday. On a related note, analysts at TheStreet upgraded shares of Micron Technology to a “buy” rating in a research note to investors on Friday, October 4th. Finally, analysts at Credit Suisse raised their price target on shares of Micron Technology from $20.00 to $25.00 in a research note to investors on Thursday, October 3rd. They now have an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $16.76.
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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