Micron Technology ( MU) pushed the Electronics industry higher today making it today's featured electronics winner. The industry as a whole closed the day up 1.2%. By the end of trading, Micron Technology rose $0.38 (3.0%) to $13.07 on average volume. Throughout the day, 30,366,660 shares of Micron Technology exchanged hands as compared to its average daily volume of 37,820,300 shares. The stock ranged in a price between $12.65-$13.18 after having opened the day at $12.76 as compared to the previous trading day's close of $12.69. Other companies within the Electronics industry that increased today were: Cogo Group ( COGO), up 23.9%, Hanwha SolarOne ( HSOL), up 21.9%, LDK Solar Company ( LDK), up 21.5% and Suntech Power Holdings ( STP), up 21.2%.
Micron Technology, Inc., together with its subsidiaries, engages in the manufacture and marketing of semiconductor devices worldwide. Micron Technology has a market cap of $13.2 billion and is part of the technology sector. Shares are up 100.3% year to date as of the close of trading on Friday. Currently there are 14 analysts that rate Micron Technology a buy, 2 analysts rate it a sell, and 8 rate it a hold. TheStreet Ratings rates Micron Technology as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and compelling growth in net income. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall.