Home / Street Sector / Active Memory Chip Stocks in Concerns: Micron Technology, Inc. (NASDAQ:MU), Analog Devices, Inc. (NASDAQ:ADI)

Active Memory Chip Stocks in Concerns: Micron Technology, Inc. (NASDAQ:MU), Analog Devices, Inc. (NASDAQ:ADI)

Micron Technology, Inc. (NASDAQ:MU) [Trend Analysis] knocking active thrust in leading trading session, shares a loss of -3.11% to 17.44 with around 42.69 Million shares have changed hands in this session.

Micron expects to produce another net loss during the fourth quarter, although the firm has become increasingly optimistic that the environment is improving. In a presentation earlier this month, Micron stated that improving market conditions are predictable to continue into next year. The firm expects to achieve 20%-25% per-bit cost reductions for both DRAM and NAND in fiscal 2017, important progress that should boost profitability, barring an even larger drop in prices.

Lets us look over what analysts have to say about performance of the MU. Starting with EPS for the final quarter of this year. EPS is usually the indicator of profitability for the company. According to WSJ analysis, the Q4 2016 current estimates trends were for $-0.13 as compared to the next year Q1 current trend of $0.08. While on annual basis the current EPS estimates trend for FY 2017 came in for $0.72 as compared to three months ago $0.50.

The stock prices target chart showed high target of 25.00 kept by analysts at WSJ while the average price target was for 18.75 as compared to current price of 17.44. Somehow, the stock managed to gain BUY ratings by 17″ Analysts in current tenure as 2 analysts having overweight ratings, 5 recommend as HOLD, 2 stands at Underweight and 1 gave it as a SELL security for current period. Overall, the consensus ratings were for Overweight by the pool of analysts.

The stock is going forward its fifty-two week low with 87.33% and lagging behind from its 52-week high price with -9.64%. Similar, the positive performance for the quarter recorded as 32.22% and for the year was 21.28%, while the YTD performance remained at 23.16%. MU has Average True Range for 14 days of 0.65.

Shares of Analog Devices, Inc. (NASDAQ:ADI) [Trend Analysis] swings enthusiastically in regular trading session, it an increase of 0.19% to close at $63.93. Finally to see some strong financial remarks by WSJ over ADI performance. Out of the pool of analysts 13 gave their BUY ratings on the stock in previous month as 13″ Analysts having BUY in current month. The stock was ranked as Underweight by 0 analysts while 0 analysts gave SELL rank. Majority ranked Overweight from the pool of analysts.

The next year first quarter EPS estimates trend for current period shows $0.89 while one month ago this estimate trend was for $0.89. EPS indicator shows the robustness of the stock and its analysis opens up the clear picture of company’s profitability. On annual basis of EPS, FY 2017 Estimate Trends at current were for $3.30 and for the one month was for $3.29 as compared to three months ago was for $3.21. Whereas, ADI received highest price target of 90.00 and low target of 60.00. The stock price target chart showed average price target of 72.58 as compared to current price of 63.93.

Moving forward to saw long-term intention, the experts calculate Return on Investment of 12.10%. The stock is going forward its fifty-two week low with 38.35% and lagging behind from its 52-week high price with -3.82%. ADI last month stock price volatility remained 1.74%.

 

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