NEW YORK (TheStreet) -- Shares of Micron Technology (MU) - Get Report were rising on heavy trading volume late Friday afternoon as research house MScience expects the Boise, ID-based semiconductor company to benefit from the price of NAND flash chips and the sales volume of DRAM, Barron's reports.
MScience expects Micron to generate $3.35 billion in current-quarter revenue, above the company's forecast of between $2.9 billion and $3.2 billion and higher than consensus estimates of $3.06 billion. MScience believes that estimates are too low because analysts and management are factoring in lower DRAM and NAND prices.
PC DRAM prices are climbing "across all sizes and types," while mobile DRAM prices have stopped falling, according to MScience data. The research house projects Micron's current-quarter DRAM bit price to be mostly flat sequentially.
MScience estimates that NAND pricing is rising more rapidly than DRAM pricing, and will remain strong until 3D manufacturing leads to bit growth high enough to pressure prices back down in 2017, Barron's adds.
About 27.86 million shares of Micron have been traded so far today vs. the stock's average trading volume of roughly 24.02 million shares per day.
Separately, TheStreet Ratings team rates the stock as a "hold" with a ratings score of C.
Micron's strengths such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins are countered by weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity.
You can view the full analysis from the report here: MU
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.