Tomahawk, WI 02/10/2014 (BasicsMedia) – The overall increase in prices of DRAM modules in the market over the past few months accompanied by a reduction in industry supply due to a fire at one of SK Hynix has forced Micron Technology, Inc. (NASDAQ:MU) stock to be on a roll in the market. This is an indication of what is to be expected from the global manufacturer and marketer of semiconductor devices and other memory technologies. The acquisition of Elpida has also done more good than harm to the company’s fortune enabling it to increase its production capacity thus becoming one of the major players in the industry.

MU one of the most active options

Micron Technology, Inc. (NASDAQ:MU) growth trend has enabled it join the list of the highest total options in the market joining the likes of FB and BAC. Compared to July 2002 MU has surpassed its highest mark attributed to the pricing of its senior note offering. The company’s stock has almost tripled in the past year alone currently sitting at the price mark of $23.32.

The company’s recent financial result indicated total revenue of $4 billion representing earning per share of 77 cents that essentially beat consensus estimates a clear indication of what is to be expected in the coming quarters.

 Heavy insider activity

A heavy insider activity in terms of selling is always a sign of weakness on a company’s side which has been experienced in the recent past with Cisco Systems, Inc. (NASDAQ:CSCO). The recent past has seen big shareholders at CSCO diluting their stakes though the company has not been impacted with these activities. A lot waits to be seen of how things will turn around in the next trading sessions as a result of these activities.

Micron $600 million senior notes

Micron Technology, Inc. (NASDAQ:MU) has on the other hand announced the offering of its senior notes valued at $600 million at the aggregate amount of its 5.875% senior notes that are expected to be due in 2022. Subject to the satisfaction of customary closing conditions the offering is to come to a close on February 10, 2014. Positive news is that, the notes will accrue at a rate of 5.875% annually payable semiannually starting August 15, 2014.

The notes are expected to mature on February 15, 2022. Micron Technology, Inc. (NASDAQ:MU) intends to use the proceeds of the offing for the extinguishing of its outstanding 1.875% convertible senior notes that are due this year.

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