Micron Technology News

They currently have a $13.00 price target on the stock. A number of other analysts have also recently weighed in on MU.

's stock had its "outperform" rating reiterated by investment analysts at Sanford C. Bernstein in a note issued to investors on Monday, Analyst Ratings Network.com reports.

The much maligned computer memory industry is utterly essential to virtually every corner of the digital electronics industry.

KUALA LUMPUR, May 16 -- Micron Technology, Inc. today announced the Tokyo High Court's issuance of an order dismissing creditor appeals of the Tokyo District Court's approval of Elpida Memory, Inc.'s reorganization plan.

What KUALA LUMPUR, May 16 -- Micron Technology, Inc. , one of the world's leading providers of advanced semiconductor solutions, today announced that Tom Eby, vice president of their Embedded Solutions Group, will discuss "Memory for the Interconnected World" in a presentation on May 30, 2013 at SMART TECHnology World 2013.

The recent legal battle between Apple and Samsung is just one well known example of an industry that could see increasing interest over the next few years.

's stock had its "outperform" rating reiterated by investment analysts at Sanford C. Bernstein in a note issued to investors on Monday, Analyst Ratings.Net reports.

Memory manufacturer Inotera yesterday announced optimistic prospects for the second quarter during its shareholders' meeting, in addition to announcing its board approval for a private equity deal with Formosa Plastics Group .

The largest percentage swings in short interest in semiconductor stocks between the April 15 and April 30 settlement dates happened to Advanced Micro Devices and KLA-Tencor , which saw drops of around six percent, and Micron Technology , which plunged more than 22 percent.

Micron is in the final stages to acquire Elpida Memory. The acquisition will make Micron the second-largest DRAM manufacturer in the world behind Samsung Electronics.

A number of other analysts have also recently weighed in on MU. Analysts at Topeka Capital Markets initiated coverage on shares of Micron Technology in a research note to investors on Monday.

Rambus Inc. was ordered by a federal judge in San Jose, California , to pay a $250 million sanction for destroying documents in its litigation with SK Hynix Inc.

Tower Semiconductor Ltd., the specialty foundry that trades as TowerJazz, made a net loss of $23.2 million on revenues of $112.6 million in the first quarter of 2013.

Equity investing is ultimately a game of expectations and, judging by the performance of Micron Technology , those expectations are high.

Israeli chipmaker TowerJazz reported lower revenue and net profit in the first quarter due to a contractual decrease in sales to Micron Technology at its Japanese plant but expects improvement in each of the next quarters of 2013.

Micron Technology, Inc. is following in the bullish footsteps of the broader equities markets today, with the stock up 1.7%. The positive price action hasn't been lost on option traders, with roughly 35,000 calls crossing the tape thus far -- nearly double the average intraday volume.

The rising cost of building state-of-the-art memory chip factories is making manufacturers think twice about adding new capacity, increasing the likelihood of strong prices, the chief executive of SanDisk said.

The firm issued a hold rating and a $10.00 price target on the stock. "While MU has several positive trends unfolding, including growth in NAND solid-state drives, specialty server/networking memory and improving DRAM economics from the Elpida acquisition, we believe these factors are embedded in the 50% stock run-up year-to-date. At this time, we ... (more)

In today's Jeffries conference , Micron's Kipp Bedard didn't impart a lot of new information on Micron, but he did say a few interesting things about Elpida.

Frontier Communications Corporation reported first quarter 2013 revenue of $1,205.4 million, operating income of $250.8 million and net income attributable to common shareholders of Frontier of $48.1 million, or $0.05 per share.