Micron Technology (MU) – Among the Top 12 Dividend Stocks to Buy According to Billionaire Cliff Asness

On June 18, Rosenblatt raised its terms proposal connected Micron Technology, Inc. (NASDAQ:MU) to $1,200 from $600. It reiterated a Buy standing connected the shares up of the company's fiscal third-quarter net study scheduled for June 24. The steadfast said it is expanding its estimates arsenic mean selling prices proceed to rise. According to the analyst, higher prices person not weakened request successful the information halfway and server markets. Demand for DRAM and NAND Flash remains strong, portion further wafer proviso is inactive astir 12 months away.

The aforesaid day, Wedbush raised its terms extremity connected Micron to $1,300 from $550. It maintained an Outperform standing connected the stock. The steadfast importantly accrued its gross and earnings-per-share estimates for some the 3rd 4th and aboriginal periods. Wedbush said pricing for NAND and DRAM roseate by precocious double-digit to adjacent triple-digit percentages during the 2nd quarter, prompting the steadfast to rise its third-quarter forecasts. According to its transmission checks, DRAM and NAND pricing are apt to summation by astir 20% successful the 3rd quarter. Wedbush expects a akin inclination to proceed into Micron's 4th fourth and has updated its fiscal exemplary accordingly.

Micron Technology, Inc. (NASDAQ:MU) develops representation and retention solutions. The institution offers a scope of high-performance DRAM, NAND, and NOR representation and retention products nether its Micron and Crucial brands.

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