Why Micron Technology (MU) Stock Is Higher Monday

NEW YORK (TheStreet) -- Shares of Micron Techniology Inc.  (MU) are higher by 6.49% to 23.33 this morning.

The manufacturer and marketer of semiconductor devices was added to the Barron's 400, an index based on growth-at-a-reasonable-price investing. More technology stocks were added to the list in its current re-balancing.

Also, Seeking Alpha wrote favorably that the company is "a stock to hold for the long haul."

The publication said Micron "has been growing at a solid pace after its Elpida acquisition, that it's seeing solid growth in DRAM and NAND due to increased mobile usage, and the positive trends in the DRAM and NAND industries place Micron in a solid position to benefit in the future."

The company reports 2014 second quarter fiscal results on April 3.

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The company reports itsTheStreet Ratings team rates MICRON TECHNOLOGY INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate MICRON TECHNOLOGY INC (MU) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."

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