Micron Technology (MU) Up 4.5%: Can the Rally Continue?

Micron Technology Inc.'s MU shares have added about 4.5% in yesterday's trade, outperforming the market.

In the last one year, its shares have gained 144.6%, while the Zacks categorized Electronics-Semiconductor industry recorded an increase of 43.1%.

In our opinion, the stock deserves a place in investor's portfolio and we are expecting an impressive return from the stock in the next few months.

A couple of better-ranked stocks in the Electronics-Semiconductors space are Applied Optoelectronics, Inc. AAOI and Broadcom Limited AVGO. While Applied Optoelectronics sports a Zacks Rank #1 (Strong Buy), Broadcom carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here.

Long-term expected EPS growth rate for Applied Optoelectronics and Broadcom is 20% and 13.6%, respectively.

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