Dallas, Texas 09/03/2013 (Financialstrend) – Micron Technology, Inc. (NASDAQ:MU), Boise, Idaho, has been allotted a copyright (8,519,463) formulated by H. Montgomery Manning, Eagle, Idaho, and Thomas M. Graettinger, Boise, Idaho, for “semiconductor buildings boasting tubular capacitor storage nodes, and holding structures along portions of the tubular capacitor storage nodes.”
Roth Capital augments Micron Technology price objective to $21.00
Market experts at Roth Capital increased their price target on scrip of Micron Technology to $21.00 as against $15.00 in a research report issued to customers and shareholders on Friday. The company presently boasts a “buy” rating on the scrip. Roth Capital’s target worth points to a possible upside of 54.75% from the scrip’s earlier close.
The scrip of Micron Technology stayed flat at $13.57 while trading on Friday. T. Micron Technology has a 52 week low of $5. Share of the firm has witnessed 52 week peak of $15.07. The firm’s market cap remained at $14.092 billion.
The company last declared its earnings results during June 19th. The firm reported an EPS of $0.04 for the quarterly period, hitting the analysts’ consensus approximation of $0.02 by $0.02. The company had income of $2.32 billion for the quarterly period as against the consensus approximation of $2.24 billion. During the same period of 2012, the firm registered an EPS of $0.32.
The company’s income surged 6.7 per cent as against the corresponding quarter of 2012. Analysts anticipate that Micron Technology will register $-0.27 earnings per share for the existing fiscal year.
Several other market experts have also recently pointed out on the scrip. Market experts at TheStreet repeated a “hold” ranking on scrips of Micron Technology in a research note to shareholders on August 23.
Micron rallies on positive Jefferies investor day comments
Micron Technology thinks that it is unlikely to witness the effect of recent declinations in NAND contract rates reported by DRAMeXchange, Jefferies reports; the company also is witnessing steady DRAM rates and is sure of continued constancy in DRAM rates.