Large Outflow of Money Witnessed in Micron Technology, Inc.
Many analysts have commented on the company rating. Credit Suisse maintains its rating on Micron Technology, Inc. (NASDAQ:MU). The global brokerage major lowers the current price target from $34 per share to $25 per share. Analysts at the Credit Suisse have a current rating of Outperform on the shares. The rating by the firm was issued on October 2, 2015.
Shares of Micron Technology, Inc. rose by 6.27% in the last five trading days and 23.61% for the last 4 weeks. Micron Technology, Inc. is up 1.48% in the last 3-month period. Year-to-Date the stock performance stands at -45.27%.
On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Micron Technology Inc, Bailey Robert L had sold 4,000 shares worth of $80,000 in a transaction dated July 17, 2015. In this transaction, 4,000 shares were sold at $20 per share.
Micron Technology, Inc. (NASDAQ:MU) : On Monday heightened volatility was witnessed in Micron Technology, Inc. (NASDAQ:MU) which led to swings in the share price. The shares opened for trading at $18.37 and hit $19.22 on the upside , eventually ending the session at $19.16, with a gain of 3.57% or 0.66 points. The heightened volatility saw the trading volume jump to 27,543,294 shares. The 52-week high of the share price is $36.59 and the company has a market cap of $20,759 million. The 52-week low of the share price is at $13.5 .
Micron Technology, Inc. (NASDAQ:MU): 20 Analyst have given the stock of Micron Technology, Inc. (NASDAQ:MU) a near short term price target of $23.03. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $6.86. The higher price target estimate is at $40 while the lower price estimates are fixed at $15.
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. In addition, the Company manufactures semiconductor components for CMOS images sensors and other semiconductor products. The Company operates in four segments: NAND Solutions Group (NSG), DRAM Solutions Group (DSG), Wireless Solutions Group (WSG) and Embedded Solutions Group (ESG). The Companys product include NAND Flash Memory, Dynamic Random Access Memory (DRAM) and NOR Flash Memory. The Companys manufacturing facilities are located in the United States, China, Israel, Italy, Malaysia, Puerto Rico and Singapore. Effective August 11, 2014, Micron Technology Inc acquired an undisclosed minority stake in Kingston Solutions Co Ltd.
