Revenue Update on Micron Technology(NASDAQ:MU)

Micron Technology(NASDAQ:MU) announced the earnings results for Fiscal Year 2017 and Q2. The results came in during After-Market on Mar 23, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Earnings per share were $0.9.

In a different note, On Mar 2, 2017, Needham said it Maintains its rating on Micron Technology. According to the research note, Needham Raises the price target to $42 per share from a prior target of $33. The shares have been rated ‘Buy’ by the firm. On Mar 1, 2017, Goldman Sachs said it Upgrades its rating on Micron Technology. According to the research note, Goldman Sachs Raises the price target to $29 per share from a prior target of $26. The shares have been rated ‘Buy’ by the firm. On Feb 9, 2017, Bank of America said it Upgrades its rating on Micron Technology. The shares have been rated ‘Buy’ by the firm.

Micron Technology (MU) made into the market gainers list on Fridays trading session with the shares advancing 7.40% or 1.96 points. Due to strong positive momentum, the stock ended at $28.43, which is also near the day’s high of $29.87. The stock began the session at $29.71 and the volume stood at 10,74,81,789 shares. The 52-week high of the shares is $29.87 and the 52 week low is $9.35. The company has a current market capitalization of $31,351 M and it has 1,10,27,51,850 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Feb 16, 2017, Brian Shirley (VP Memory Solutions) sold 27,250 shares at $23.12 per share price.Also, On Feb 10, 2017, Steven L. Jr Thorsen (Vice President, Worldwide Sale) sold 126,000 shares at $24.64 per share price.On Dec 27, 2016, Scott J Deboer (VP Technology Development) sold 48,780 shares at $22.98 per share price, according to the Form-4 filing with the securities and exchange commission.

Micron Technology Inc. is a global provider of semiconductor devices. Through the Company’s global operations it manufactures and markets a full range of Dynamic Random Access Memory (DRAM) NAND Flash and NOR Flash memory as well as other memory technologies packaging solutions and semiconductor systems for use in leading-edge computing consumer networking automotive industrial embedded and mobile products. The Company operates in four segments: Compute and Networking Business Unit (CNBU) which includes DRAM and NOR Flash products; Mobile Business Unit (MBU) which includes DRAM NAND Flash and NOR Flash products; Storage Business Unit (SBU) which includes NAND Flash components and Solid-State Drives (SSDs) cloud and removable storage markets. SBU also includes NAND Flash products and Embedded Business Unit (EBU) which includes DRAM NAND Flash and NOR Flash products.

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