Susquehanna Initiates Coverage on Micron Technology (MU)

By admin | 6 years ago

Susquehanna initiated coverage on shares of Micron Technology (NYSE: MU) in a research note issued on Thursday. The firm set a “neutral” rating on the stock.

Several other analysts have also recently commented on the stock. Analysts at RBC Capital (NYSE: RY) reiterated an “outperform” rating on shares of Micron Technology in a research note to investors on Monday. Separately, analysts at Barclays Capital (NYSE: BCS) reiterated an “overweight” rating on shares of Micron Technology in a research note to investors on Monday, May 7th. Finally, analysts at Nomura (NYSE: NMR) reiterated a “neutral” rating on shares of Micron Technology in a research note to investors on Monday, May 7th.

Micron Technology traded down 2.77% on Thursday, hitting $5.785. Micron Technology has a 52-week low of $3.97 and a 52-week high of $10.23. The company’s market cap is $5.725 billion.

Micron Technology last posted its quarterly earnings results on Thursday, March 22nd. The company reported ($0.23) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.20) by $0.03. The company’s quarterly revenue was down 8.4% on a year-over-year basis. Analysts expect that Micron Technology will post $0.00 EPS next quarter.

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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