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**Micron Technology, Inc. (MU)**, valued at $11.26B, opened this morning at $10.44. Today, shares have traded between $10.13 and $10.90 per share with a one year range of $9.31 to $32.84.

**MU** shares are currently priced at 22.98x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 8.77x earnings multiple for the same period.

In a review of the consensus earnings estimate this quarter, 22 sell-side analysts are looking at $-0.07 per share, which would be $0.81 better than the year-ago quarter and a $0.26 sequential increase. The full-year EPS estimate is $0.47, which would be a $2.22 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $3.06 Billion. If realized, that would be a 26.62% decrease over the year-ago quarter.

**Recently, ** Morgan Stanley upgraded MU from Equal-Weight to Overweight (Dec 17, 2015). Previously, Needham downgraded MU from Strong Buy to Hold. The average price target for MU shares is $18.15, which is 73.85% above where the stock opened this morning.

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**Micron Technology, Inc. (MU)**, with a current value of $10.43B, began trading this morning at $10.38. Today’s price range has been between $9.31 and $10.39 per share with its 52-week range being $9.31 to $32.84.

**MU** shares are currently priced at 22.98x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 8.77x earnings multiple.

According to a consensus of 22 analysts, the earnings estimate of $-0.07 per share would be $0.81 better than the year-ago quarter and a $0.26 sequential increase. What we find to be interesting is that the full-year EPS estimate of $0.47 is a $2.22 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.06 Billion. If reported, that would be a 26.62% decrease over the year-ago quarter.

**In terms of ratings, ** Morgan Stanley upgraded MU from Equal-Weight to Overweight (Dec 17, 2015). Previously, Needham downgraded MU from Strong Buy to Hold. Investors should keep in mind is that the average price target is $18.15, which is 74.86% above where the stock opened this morning.

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**Micron Technology, Inc. (MU)**, with a current market cap of $15.34B, opened at $14.42. Looking at today’s trading action, the company’s one day range from $14.36 to $15.08 and has traded between $13.50 and $34.23 over the past year.

**MU** shares are currently priced at 29.24x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 10.46x earnings multiple for the same period.

According to a consensus of 22 analysts, the earnings estimate of $-0.07 per share would be $0.81 better than the year-ago quarter and a $0.27 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $0.49, which would be a $2.20 setback when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.06 Billion. If reported, that would be a 26.62% decrease over the year-ago quarter.

**More recently, ** Morgan Stanley upgraded MU from Equal-Weight to Overweight (Dec 17, 2015). Previously, Needham downgraded MU from Strong Buy to Hold. Given all the information above, we should disclose to readers that the average price target is $18.45, which is 27.95% above than it opened this morning.

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**Micron Technology, Inc. (MU)**, with a current market cap of $14.67B, opened this morning at $13.84. Today, shares have traded between $13.81 and $14.17 per share with a one year range of $13.50 to $35.52.

Priced at 28.90x this year’s forecasted earnings, **MU** shares are relatively expensive compared to the industry’s 10.46x forward p/e ratio.

Consensus earnings for the current quarter by the 22 sell-side analysts covering the stock is an estimate of $-0.07 per share, which would be $0.81 better than the year-ago quarter and a $0.29 sequential increase. The full-year EPS estimate is $0.49 which would be a $2.20 worse than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $3.06 Billion. If realized, that would be a 26.62% decrease over the year-ago quarter.

**Recently, ** Morgan Stanley upgraded MU from Equal-Weight to Overweight (Dec 17, 2015). Previously, Needham downgraded MU from Strong Buy to Hold. When considering if the stock is under or overvalued, the average price target is $18.45, which is 33.31% above where the stock opened this morning.

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**Micron Technology, Inc. (MU)**, with a current market cap of $14.71B, began trading this morning at $14.10. Today, shares have traded between $14.03 and $14.29 per share with a trailing 52-week range being $13.50 to $35.52.

Priced at 28.90x this year’s forecasted earnings, **MU** shares are relatively expensive compared to the industry’s 10.38x forward p/e ratio.

In a review of the consensus earnings estimate this quarter, 22 sell-side analysts are looking at $-0.07 per share, which would be $0.81 better than the year-ago quarter and a $0.29 sequential increase. In looking at the bigger picture, the full-year EPS estimate of $0.49 would be a $2.20 worse when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $3.06 Billion. If realized, that would be a 26.62% decrease over the year-ago quarter.

**More recently, ** Morgan Stanley upgraded MU from Equal-Weight to Overweight (Dec 17, 2015). Previously, Needham downgraded MU from Strong Buy to Hold. The average price target for MU shares by the analysts covering the stock is $18.45, which is 30.85% above where the stock opened this morning.

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**Micron Technology, Inc. (MU)**, valued at $14.78B, began trading this morning at $14.35. Today, shares have traded between $14.23 and $14.51 per share and has traded between $13.50 and $35.74 over the past 12 months.

**MU** shares are currently priced at 26.81x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 10.18x earnings multiple.

In a review of the consensus earnings estimate this quarter, 24 sell-side analysts are looking at $-0.05 per share, which would be $0.81 better than the year-ago quarter and a $0.44 sequential increase. What we find to be interesting is that the full-year EPS estimate of $0.54 is a $2.15 worse when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $3.08 Billion. If realized, that would be a 26.14% decrease over the year-ago quarter.

**Recently, ** Morgan Stanley upgraded MU from Equal-Weight to Overweight (Dec 17, 2015). Previously, Mizuho Initiated MU at to Buy. Given all the information above, we should disclose to readers that the average price target is $18.45, which is 28.57% above than it opened this morning.

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**Micron Technology, Inc. (MU)**, with a current value of $14.99B, started trading this morning at $14.20. Looking at today’s trading action, the company’s one day range from $14.19 to $14.59 and has traded between $13.50 and $35.74 over the past 12 months.

**MU** shares are currently priced at 24.24x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 10.18x forward p/e ratio.

Consensus earnings for the current quarter by the 24 sell-side analysts covering the stock is an estimate of $-0.04 per share, which would be $0.81 better than the year-ago quarter and a $0.47 sequential increase. Investors should also note that the full-year EPS estimate of $0.59 is a $2.10 worse when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $3.09 Billion. If realized, that would be a 25.90% decrease over the year-ago quarter.

**Recently, ** Morgan Stanley upgraded MU from Equal-Weight to Overweight (Dec 17, 2015). Previously, Mizuho Initiated MU at to Buy. When considering if perhaps the stock is under or overvalued, the average price target is $18.55, which is 30.63% above where the stock opened this morning.

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