Micron Technology, Inc. (NASDAQ:MU) announced the pricing of an offering of $600 million aggregate principal amount of its 5.875% senior notes due 2022 (the “Notes”). The Notes are being offered to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States to non-U.S. persons pursuant to Regulation S under the Securities Act. The sale of the Notes is expected to close on February 10, 2014, subject to the satisfaction of customary closing conditions. Interest on the Notes will accrue at a rate of 5.875% per year, and will be payable in cash semi-annually in arrears, beginning on August 15, 2014. Micron Technology, Inc. (NASDAQ:MU) stock opened at $22.95 in last trading session, and closed at $23.31, trading in the range of $22.70 – $23.48. The stock showed a positive weekly performance of 2.64%.
Stock analysts at Jefferies Group increased their price target on shares of Spansion (NASDAQ:CODE) from $15.00 to $16.00 in a report issued on Wednesday, AmericanBankingNews.com reports. Jefferies Group’s price objective suggests a potential upside of 10.96% from the company’s current price. Spansion Inc. (NYSE:CODE) shares closed at $15.02 on last trade day, by gaining 4.16%. Stock 52 week range is $9.70 – $15.59. Company’s market capitalization is $884.09 billion.
Rambus (NASDAQ:RMBS) was upgraded by Citigroup Inc. to a “focus list” rating in a research note issued on Tuesday, Analyst Ratings Network reports. Rambus Inc. (NASDAQ:RMBS) stock decreased -1.67% and finished the last session at $8.85. The EPS of the stock remained -0.30. Company’s market capitalization is $997.45 billion.
SemiLEDs Corporation (NASDAQ:LEDS) average recommendation is buy with average Target Price of $3.00. SemiLEDs Corporation (NASDAQ:LEDS) stock opened at $1.31 in last trading session and closed at $1.30. The 52 week range of the stock is $0.64 – $2.44 and the day range was $1.22 – $1.31.