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Micron Technology, Inc. (MU) Earns "Buy" Rating from Stifel Nicolaus

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09 June, 2017

Rothschild Asset Management Inc. acquired a new stake in Micron Technology during the third quarter valued at about $268,000. Roundview Cap Llc accumulated 50,250 shares or 0.35% of the stock. (NASDAQ:MU). Prudential, a New Jersey-based fund reported 1.42M shares. Instinet increased their target price on shares of Micron Technology to $40.00 in a research note on Friday, March 24th. Lord Abbett Co Limited Liability Corp has invested 0.06% in Micron Technology, Inc. (MU)'s shares projecting a $38.34 target price. Washington Trust Bank boosted its position in Micron Technology by 1.5% in the first quarter. Given that liquidity is king in short-term, MU is a stock with 1.09 billion shares outstanding that normally trades 4.48% of its float. $408,911 worth of Micron Technology, Inc. Stock has got OUTPERFORM rating from 1 analyst of Thomson Reuters, 3 analyst given HOLD rating to the stock and 0 given UNDERPERFORM rating. As of the end of the quarter Columbia Partners L L C Investment Management had disposed of 60,358 shares trimming its position 56.2%. 48,780 Micron Technology, Inc. Ngam Advsrs Limited Partnership holds 177,828 shares or 0.05% of its portfolio. Moreover, Mu has 0.06% invested in Micron Technology, Inc. The original version of this report can be read at https://sportsperspectives.com/2017/06/08/micron-technology-inc-mu-stock-rating-lowered-by-goldman-sachs-group-inc-updated-updated-updated.html. Highlander Management Ltd accumulated 1,000 shares. ARNZEN APRIL S sold 10,638 shares worth $308,018. 126,000 shares valued at $3.10 million were sold by Thorsen Steven L. JR on Thursday, February 9. The consensus recommendation provided by analysts is now 1.80. The shares were sold on May 16th for an average price of $28.91. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. Susquehanna Bancshares Inc reaffirmed a "positive" rating on shares of Micron Technology in a research note on Thursday, February 9th. Therefore 84% are positive. The VC1 of Micron Technology, Inc. (NASDAQ:MU) recently. VP Technology Development Scott J. Deboer let go of 10,000 shares at an average price of $32.00 on Wednesday the 7th. Equities research analysts forecast that Micron Technology will post $4.29 EPS for the current fiscal year. Nomura has "Buy" rating and $23 target. Geode Capital Mgmt Lc reported 0.1% of its portfolio in Micron Technology, Inc. The business is expected to issue its next earnings report on Thursday, June 29th. The company was maintained on Wednesday, August 5 by Morgan Stanley. The firm has "Overweight" rating given on Monday, September 21 by Barclays Capital. (NASDAQ:MU) earned "Outperform" rating by Cowen & Co on Thursday, December 1. Nomura downgraded Micron Technology, Inc. (NASDAQ:MU) rating on Tuesday, February 16. On December 7 the company was upgraded from "Hold" to "Buy" in a statement from Standpoint Research. ValuEngine downgraded Micron Technology from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, May 31st.

The share of Rent-A-Center, Inc. (RAI) has risen 33.47% since June 7, 2016 and is uptrending. It has outperformed by 159.57% the S&P500. The semiconductor manufacturer reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.06. MU's profit would be $1.56B giving it 5.93 P/E if the $1.37 EPS is correct. This is assuming the current $1.37 EPS is accurate.

Micron Technology, Inc.is engaged in semiconductor systems. The company has market cap of $96.47 billion. The Company's portfolio of memory technologies, including dynamic random-access memory, negative-AND (NAND) Flash and NOR Flash are the basis for solid-state drives, modules, multi-chip packages and other system solutions. It has a 55.92 P/E ratio.

03/24/2017 - Micron Technology, Inc. had its "buy" rating reiterated by analysts at Citigroup. (NASDAQ:MU) news were published by: Fool.com which released: "Micron Technology, Inc.: The Bear Case From a Bull" on May 14, 2017, also Seekingalpha.com with their article: "DRAM And NAND Strength Continues, Micron Will Too" published on May 30, 2017, Seekingalpha.com published: "Micron Technology: Is Earnings Beat Priced In?" on June 05, 2017.

What's remarkable is that NVIDIA's gaming business grew rapidly in a seasonally weak quarter, setting the stage for a stronger second half this year, as its new products start gaining more traction.

But can NVIDIA and Micron sustain their terrific run, or should investors consider switching one stock for the other based on the valuation and potential catalysts? (NASDAQ:MU) in a research note issued to investors on 5/24/17 to Reduce with price target of $0.


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