Dallas, Texas 01/09/2014 (FINANCIALSTRENDS) – Micron Technology, Inc. (NASDAQ:MU), is a US-based memory chip making company with niche presence in image sensors besides other range of semiconductor components. The company holds a market cap of $25.24 billion, and volumes of 93,168,888. The EPS is 1.13 and the PE is 19.39. The 52 week low for the company is $7.06, while the 52-week high is $24.50. The EPS is 1.13.
With earning results indicating a repeat run of 2013 performance, Micron Technology, Inc. (NASDAQ:MU) remains consistent in performance. The company has nearly reached the 50% mark in increase of its quarterly revenue earlier. Interestingly, the company was able to bring around its per share net loss as well. The ideal for Micron in the fiscal ahead is the portfolio it holds on hand now. The company acquisitions are expected to move things fast-track.
Elpida acquisition is good for Micron
Micron Technology, Inc. (NASDAQ:MU) is apparently riding the high wave on its Elpida acquisition. The company will however, will see the long term impact of this acquisition in the financial years to come. The Japanese 300mm DRAM unit will now allow Micron to expand its portfolio as well as gain access to much of Elpida’s companies. One of the top clients for Elpida is Apple. The acquisition has also given Elpida a massive market share, trailing market leader in this segment Samsung Electronics.
Micron Technology, Inc. (NASDAQ:MU) manufacturers NAND flash memory components and products. Now, Micron will be able to rope in Elpida to improve its own production capacity. Considering the higher returns which NAND memory cards offer over DRAM, utilizing resources to optimize production and margins will now be Micron’s prerogative. The recent upward trend in memory chip has been due to the increase in the use of memory components in gadgets and other devices. Micron definitely has a great fiscal ahead if the trend were to persist.