Micron Technological know-how (NASDAQ: MU) shares are trading decrease on Thursday following Deutsche Financial institution downgraded the inventory from Buy to Hold.
A report also outlined that DRAM and NAND flash now has an oversupply until eventually the initially half of 2021, according to the president of Apacer Technological innovation.
Lastly, Micron CFO David Zinsner mentioned now at KeyBanc’s the Future of Technological know-how digital meeting that the company there is some near-term uncertainty encompassing the company’s earnings forecast in excess of the up coming handful of quarters because of to the pandemic.
Micron Engineering traditionally concentrated on supplying DRAM for PCs and servers. The agency then expanded into the NAND flash memory market. It greater its DRAM scale with the obtain of Elpida (concluded in mid-2013) and Inotera (accomplished in December 2016).
Micron Technological innovation shares had been buying and selling down 4.74% at $46.18 on Thursday at the time of publication. The stock has a 52-week higher of $61.19 and a 52-week very low of $31.13.
Most up-to-date Scores for MU
|Aug 2020||Deutsche Lender||Downgrades||Buy||Keep|
|Jun 2020||RBC Cash||Maintains||Outperform|
|Jun 2020||Mizuho||Maintains||Invest in|
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