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Micron (NASDAQ:MU) target price raised to $23.00, reported today by Nomura

Micron (NASDAQ:MU) had its target price raised to $23.00 by Nomura in a report released 09/21/2016. The new target price indicates a possible upside of 0.36% based on the company's last stock close price.

Yesterday Micron (NASDAQ:MU) traded 3.90% higher at $16.92. Micron’s 50-day moving average is $15.96 and its 200-day moving average is $12.75. The last closing price is up 37.94% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 11,302,479 shares of the stock were exchanged, down from an average trading volume of 28,629,500

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Micron (NASDAQ:MU)

Micron has a 52 week low of $9.31 and a 52 week high of $19.30 with a P/E ratio of 50.5200 Micron’s market capitalization is presently $0.

A total of 23 brokerages have issued a ratings update on Micron. Six brokerages rating the company a strong buy, eleven brokerages rating the company a buy, nine brokerages rating the company a hold, four brokerages rating the company a underperform, and finally one brokerage rating the company a sell with a 12-month price target of $15.00.

General Company Details For Micron (NASDAQ:MU)

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.

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