Revenue Update on Micron Technology(NASDAQ:MU)

Micron Technology(NASDAQ:MU) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-hours on Oct 4, 2016. Company reported revenue of $3.22B. Analysts estimated a revenue of $3.07B. Earnings per share were $-0.05. Analysts had estimated an EPS of $-0.17.

In a different note, On Sep 21, 2016, Nomura said it Maintains its rating on Micron Technology. In the research note, the firm Raises the price-target to $20.00 per share. The shares have been rated ‘Buy’ by the firm. On Sep 16, 2016, Cleveland Research said it Upgrades its rating on Micron Technology. The shares have been rated ‘Buy’ by the firm. On Sep 12, 2016, Goldman Sachs said it Maintains its rating on Micron Technology. In the research note, the firm Raises the price-target to $12.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 30, 2016, Morgan Stanley said it Maintains its rating on Micron Technology. In the research note, the firm Raises the price-target to $18.00 per share. The shares have been rated ‘Overweight’ by the firm. On Aug 29, 2016, Standpoint Research said it Downgrades its rating on Micron Technology. The shares have been rated ‘Hold’ by the firm. On Aug 25, 2016, Nomura said it Maintains its rating on Micron Technology. In the research note, the firm Raises the price-target to $16.00 per share. The shares have been rated ‘Buy’ by the firm.

Micron Technology (MU) made into the market gainers list on Fridays trading session with the shares advancing 1.66% or 0.28 points. Due to strong positive momentum, the stock ended at $17.13, which is also near the day’s high of $17.41. The stock began the session at $17.03 and the volume stood at 2,35,39,801 shares. The 52-week high of the shares is $19.3 and the 52 week low is $9.31. The company has a current market capitalization of $17,788 M and it has 1,03,83,90,540 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Aug 31, 2016, Scott J Deboer (VP Technology Development) sold 31,500 shares at $17.05 per share price.Also, On Jul 7, 2016, Brian Shirley (VP Memory Solutions) sold 48,750 shares at $12.37 per share price.On Jan 25, 2016, Ernest E Maddock (CFO) purchased 10,000 shares at $10.69 per share price, according to the Form-4 filing with the securities and exchange commission.

Micron Technology Inc. is a global provider of semiconductor devices. Through the Company’s global operations it manufactures and markets a full range of Dynamic Random Access Memory (DRAM) NAND Flash and NOR Flash memory as well as other memory technologies packaging solutions and semiconductor systems for use in leading-edge computing consumer networking automotive industrial embedded and mobile products. The Company operates in four segments: Compute and Networking Business Unit (CNBU) which includes DRAM and NOR Flash products; Mobile Business Unit (MBU) which includes DRAM NAND Flash and NOR Flash products; Storage Business Unit (SBU) which includes NAND Flash components and Solid-State Drives (SSDs) cloud and removable storage markets. SBU also includes NAND Flash products and Embedded Business Unit (EBU) which includes DRAM NAND Flash and NOR Flash products.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Micron Technology - Is it time to Sell?

Top Brokerage Firms are advising their investors on Micron Technology. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.