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Micron Technology (NYSE:MU)‘s stock had its “buy” rating reaffirmed by investment analysts at TheStreet in a note issued to investors on Monday, Analyst Ratings News reports.

The analysts wrote, “Micron Technology (MU) has been reiterated by TheStreet Ratings as a buy with a ratings score of B. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.”

Shares of Micron Technology (NYSE:MU) traded down 1.18% during mid-day trading on Monday, hitting $23.43. The stock had a trading volume of 5,741,172 shares. Micron Technology has a 52-week low of $7.43 and a 52-week high of $24.50. The stock’s 50-day moving average is $21.89 and its 200-day moving average is $17.15. The company has a market cap of $24.856 billion and a price-to-earnings ratio of 14.31.

Micron Technology (NYSE:MU) last released its earnings data on Tuesday, January 7th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by $0.14. The company had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the previous year, the company posted ($0.27) earnings per share. The company’s revenue for the quarter was up 120.4% on a year-over-year basis. Analysts expect that Micron Technology will post $2.13 EPS for the current fiscal year.

A number of other firms have also recently commented on MU. Analysts at Sterne Agee initiated coverage on shares of Micron Technology in a research note to investors on Friday. They set a “buy” rating and a $23.24 price target on the stock. Separately, analysts at Argus initiated coverage on shares of Micron Technology in a research note to investors on Friday. They set a “buy” rating and a $31.00 price target on the stock. Finally, analysts at Jefferson Research upgraded shares of Micron Technology from a “sell” rating to a “hold” rating in a research note to investors on Friday. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $22.82.

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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