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Published: Wed, October 05, 2016
Economy | By Melissa Porter

Micron posts smallest revenue decline in a year

Micron posts smallest revenue decline in a year

In taking a look at technical levels, shares are trading 10.44% away from the 50 day simple moving average and 38.96% away from the 200 day simple moving average. The company will report its next earnings on 4-Oct-16.

The company's share were marginally higher at $17.92 in after-market trading on Tuesday. Nevertheless, it is a common misunderstanding that a greater share price directs towards a larger company where stock price might also twist the definite worth of the organization.

Some analyst provided their insight on Growth Estimates; Micron Technology, Inc. has the Current Quarter Earnings Growth rate of -132.4%. The company now has a Return on Equity (ROE) of 3.00% and a Return on Investment (ROI) of 14.20%. In the last six months the stock's performance soared 64.63% while yearly performance of the company advanced 20.38%. 20 said a "Buy Rating" and 1 announced "Overweight Rating".

Barclays bumped up the target of Micron (NASDAQ:MU) to $23.00 reporting a potential upside of 0.29%. Brean Capital restated a "buy" rating and set a $14.00 price objective on shares of Micron Technology in a research note on Sunday, July 17th. Micron Technology presently has a consensus rating of "Buy" and an average price target of $17.76.

Micron Technology, Inc. (NASDAQ:MU) shares now have a mean rating of 2.30 while 12 analysts have recommended the shares as "BUY", 5 commented as "OUTPERFORM" and 6 commented as "HOLD". The company posted a net loss of $0.05 per share on $3.22 billion in revenue.

In related news, VP Scott J. Deboer sold 31,500 shares of the business's stock in a transaction dated Monday, August 29th. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The stock revealed the change of -0.28% with down momentum. If you are selling a stock, you are going to get the bid price, if you are buying a stock you are going to get the ask price.

For the current quarter, Wall Street is modeling Micron to earn 9 cents a share, down 63% year over year. Micron Technology, Inc. Semiconductor- Memory Chips has a PEG of 57.92 alongside a PS value of 1.44 and a PB value of 1.51. The dominant statistics will authorize the investment community to govern the size of Micron Technology, Inc. compared to the sales or total assets figures. Finally, Alliancebernstein L.P. raised its position in Micron Technology by 30.4% in the second quarter.

After the market close, the Boise, ID-based semiconductor company reported an adjusted loss of 5 cents per share vs. analysts' expectations of a loss of 12 cents per share.

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