ThinkEquity Initiates Coverage on Micron Technology (MU)

By admin | 6 years ago

Analysts at ThinkEquity initiated coverage on shares of Micron Technology (NYSE: MU) in a research report issued to clients and investors on Friday. The firm set a “buy” rating on the stock.

A number of other firms have also recently commented on MU. Analysts at Susquehanna initiated coverage on shares of Micron Technology in a research note to investors on Thursday. They set a “neutral” rating on the stock. Separately, analysts at RBC Capital (NYSE: RY) reiterated an “outperform” rating on shares of Micron Technology in a research note to investors on Monday, May 14th. Finally, 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.

Micron Technology traded up 1.87% on Friday, hitting $5.73. Micron Technology has a 52-week low of $3.97 and a 52-week high of $11.45. The company’s market cap is $5.671 billion.

Micron Technology last posted its quarterly earnings results 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. 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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