|Bid||30.360 x 1200|
|Ask||30.370 x 1600|
|Day's Range||29.770 - 30.455|
|52 Week Range||15.380 - 32.960|
|PE Ratio (TTM)||13.36|
|Earnings Date||Oct 2, 2017 - Oct 6, 2017|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||43.40|
Micron and Lam Research could jumpstart a massive rally.
The positive news also included Stifel Nicolaus reiterating its “Buy” rating on MU and Everspin Technologies (NASDAQ:MRAM) last week, citing bullish trends among NAND suppliers. Meanwhile, Notable Calls has cited a report by the Economic Daily News that Samsung Electronics (OTCMKTS:SSNLF), the world’s largest DRAM supplier, might increase DRAM prices by 10%-20% during the fourth quarter. Traditionally, the second half is a seasonally hot period for DRAM manufacturers because of the holiday season.
The main reason behind the optimism surrounding Micron Technology, Inc. (MU) is improving prices for DRAM and NAND chips, which makes investors confident about its growth.