Samsung is reportedly raising its DRAM capacity to 100,000 wafer a month according to Morgan Stanley (MS). Samsung and Micron Technology are close competitors in the DRAM market, with Samsung controlling 35.5% of the market in the first quarter and Mircon controlling 28% according to TrendForce.
Must read: Warren Buffett's 25 Favorite Stocks
TheStreet 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 some important positives, 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."
Highlights from the analysis by TheStreet Ratings Team goes as follows: