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Micron Technology, Inc. (NASDAQ:MU) has been upgraded to Buy in a report by Cleveland Research today.

Boasting a price of $17.62, Micron Technology, Inc. (NASDAQ:MU) traded 1.03% higher on the day. The last close is up 39.88% relative to the 200-day moving average, compared with the S&P 500 Index which has fallen -0.01% over the same time period. Micron Technology, Inc. has registered a 50-day average of $15.63 and 200-day moving average of $12.60. 18,392,641 shares of the stock exchanged hands, down from ann avg. volume of 28,233,100

Cleveland Research has upgraded Micron Technology, Inc.(NASDAQ:MU) to Buy in a report released 9/16/2016.

On 9/09/2016, UBS Securities reported on Micron Technology, Inc.(NASDAQ:MU) upped the target price from $17.00 to $20.00 that indicated a possible upside of 0.19%.

See Chart Below:

Micron Technology, Inc. (NASDAQ:MU)

In addition to Cleveland Research reporting it’s target price, a total of 23 analysts have reported on the stock. The 12-month target stock price is $15.00 with six firms rating the stock a strong buy, 11 firms rating the company a buy, nine analysts rating the stock a hold, four analysts rating the stock to underperform, and finally one brokerage rating the stock as sell.

With a total market value of $0.0, Micron Technology, Inc. has a PE of 51 with a one-year low of $9.31 and a 52 week high of $19.30.

Brief Synopsis On Micron Technology, Inc. (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, and connected home and consumer electronics markets.

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