Micron (NASDAQ:MU) Rating Reiterated
Micron (NASDAQ:MU) had its stock rating noted as Overweight by analysts at Barclays. Barclays currently has a $60.0 price target on the $45.89 billion market cap company or 44.20 % upside potential. This was revealed to clients and investors in a report on Thursday, 12 October.
NASDAQ:MU is right now trading -1.01% lower at $41.19 as of 4:02 AM New York time. Micron’s stock is 0% over the past 200 days. It has underperformed the S&P500 Index, which has risen 6.00% over the same time.
According to data compiled by Thomson Reuters, Micron (NASDAQ:MU)’s stock is covered by 23 equity analysts across the Street, with 5 analysts giving it a Sell rating, 17 a Buy rating, while 9 consider it a Hold. The 12-month consensus target price for the stock is $15, which reflects an downside potential of 63.58% over the current price.
Credit Capital Investments Llc had the most significant stake with ownership of 840,000 shares as of q2 2015 for 15.74% of the fund’s portfolio. Dalton Investments Llc is another bull as the investment professional who is having 1.42M shares of Micron or 10.22% of their fund’s portfolio. Further, Hilltop Park Associates Llc have 8.22% of their fund’s portfolio invested in the company for 250,000 shares. The New York-based fund Donald Smith & Co. Inc. revealed it had purchased a stake worth about 7.41% of the investment professional’s stock portfolio in Micron. The New York-based fund Quentec Asset Management Llc is also positive about the stock, possessing 15.25M shares or 5.56% of their fund’s portfolio.
Micron (NASDAQ:MU) Profile
Micron Technology, Inc. is engaged in semiconductor systems. The Company’s portfolio of memory technologies, including dynamic random-access memory (DRAM), negative-AND (NAND) Flash and NOR Flash are the basis for solid-state drives, modules, multi-chip packages and other system solutions. Its business segments include Compute and Networking Business Unit (CNBU), which includes memory products sold into compute, networking, graphics and cloud server markets; Mobile Business Unit (MBU), which includes memory products sold into smartphone, tablet and other mobile-device markets; Storage Business Unit (SBU), which includes memory products sold into enterprise, client, cloud and removable storage markets, and SBU also includes products sold to Intel through its Intel/Micron Flash Technology (IMFT) joint venture, and Embedded Business Unit (EBU), which includes memory products sold into automotive, industrial, connected home and consumer electronics markets.
Micron (NASDAQ:MU) traded down -1.01% on 12 October, hitting $41.19. A total of 37.90M shares of the company’s stock traded hands. This is up from average of 35.68M shares. Micron has a 52 week low of $16.17 and a 52 week high of $42.07. The company has a market cap of $45.89B and a P/E ratio of 9.52.
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