Nomura Reiterates Neutral on Micron Technology (MU)

By admin | 6 years ago

Micron Technology (NYSE: MU)‘s stock had its “neutral” rating restated by equities researchers at Nomura (NYSE: NMR) in a report issued on Monday.

Shares of Micron Technology opened at 6.50 on Monday. Micron Technology has a one year low of $3.97 and a one year high of $10.93. The company’s market cap is $6.433 billion.

Micron Technology last issued its quarterly earnings data on Thursday, March 22nd. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by $0.03. The company’s revenue for the quarter was down 8.4% on a year-over-year basis. On average, analysts predict that Micron Technology will post $0.01 earnings per share next quarter.

A number of other firms have also recently commented on MU. Analysts at Roth Capital initiated coverage on shares of Micron Technology in a research note to investors on Thursday, April 12nd. They set a “buy” rating on the stock. Separately, analysts at Jefferies Group (NYSE: JEF) initiated coverage on shares of Micron Technology in a research note to investors on Monday, March 26th. They set a “buy” rating on the stock. Finally, analysts at Oppenheimer (NYSE: OPY) downgraded shares of Micron Technology from an “outperform” rating to a “market perform” rating in a research note to investors on Monday, March 26th.

Micron Technology, Inc. is a manufacturer and marketer of semiconductor devices, principally dynamic random access memory (DRAM), Nandi Flash memory (NAND Flash and NOR Flash memory, as well as other innovative memory technologies, packaging solutions and semiconductor systems for use in leading-edge computing, consumer, networking, embedded and mobile products.

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