57.11 +0.15 (0.26%)
After hours: 7:04PM EDT
|Bid||57.05 x 1300|
|Ask||57.11 x 800|
|Day's range||55.50 - 57.13|
|52-week range||26.85 - 64.66|
|PE ratio (TTM)||5.71|
|Earnings date||24 Sep 2018 - 28 Sep 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||80.93|
Chip-stock analysts continue to like what they are seeing in the area of memory chips, such as DRAM. The main positive bit of news today is the report overnight of comments by Nanya Technology (2408TW), a DRAM producer that has just 3% of the industry’s total DRAM supply. Nanya said it is going to “expand its wafer bit output by 48%,” according to an analysis of the report by Cowen & Co.’s Karl Ackerman.
Intel (INTC) shares are trading lower today, and Micron Technology (MU) shares are trading higher, after the two last night announced they will part ways on their “3D XPoint” memory technology. This is perhaps not entirely a surprise to the Street, as Intel and Micron had already announced an end to their NAND flash-chip partnership back in January. Intel’s vice president for its “non-volatile memory solutions group," Bill Leszinske, explained in a telephone call today that I had with him that when the “goals” of the two companies were clearly changing, it made sense to conclude the joint venture.
CenturyLink (CTL) plans to provide customers with private access to Oracle Cloud with Oracle Cloud Infrastructure FastConnect for cloud experience on a network.
Credit Suisse analyst John Pitzer reiterated his upbeat view of Micron Technology Inc. (mu) on Tuesday, after the company issued a announcement with Intel Corp. (intc) regarding their 3D XPoint arrangement. The companies said that they have agreed to complete development of the second generation of 3D XPoint technology by the first half of next year, and that they would work independently on technology development beyond the second generation.
The end of last week brought some encouraging words about Micron Technology (MU) from bulls on the stock. Paul Peterson of the boutique BlueFin research house writes, after travels in Asia meeting with ...
Verizon's (VZ) continuous deployment of latest 4G LTE Advanced technologies enables customers to experience faster peak data speeds and capacity.
With more mobile broadband spectrum capacity than any other U.S. carrier, Sprint's (S) network is built to meet customers' growing demand for data.
Market anticipates technology sector to be least affected by the Trump administration's intended second round of tariffs worth $200 billion on Chinese imports.
Micron's lone skeptic among analysts providing coverage has thrown in the towel. Here's why Wall Street is now uniformly bullish on Micron.
A potential $200 billion escalation in the U.S. trade war with China sent stock futures and China's markets sprawling early Wednesday. AAR and WD-40 dived on earnings news, as a handful of oil names stuck close to buy points.
Shares of Micron Technology (MU) are up $1.48, or 2.7%, to $55.80, following an upbeat note from JPMorgan’s Harlan Sur, who is more bullish than ever about the need for DRAM chips for server computers in data centers that process things such as artificial intelligence. Sur reiterates an Overweight rating on Micron stock, and an $84 price target. Drawing on work of his colleagues, Sur notes that JPMorgan estimates for the DRAM market revenue and shipments are now higher for this year and for next by 5% to 6% relative to what the firm thought last month.
The Zacks Analyst Blog Highlights: Micron Technology, ArcBest, Marathon Oil, Azure Power Global and Molina Healthcare
Shares of Micron (MU) climbed nearly 2% on Monday despite news last week that a Chinese court ordered the semiconductor giant to stop selling some of its memory chips in the world's second-largest economy. So let's see why Micron stock looks like such a great buy right now, allowing investors to feel so comfortable shrugging off the recent Chinese ruling.
A preliminary injunction handed down last week by a Chinese court against Micron Technology (MU) reveals a little of the vulnerability that China feels in the current tariff and trade battle, according to Credit Suisse’s John Pitzer. Pitzer, who has an Outperform rating on Micron, notes that the halt on certain Micron sales amounts to just $80 million, and Micron reiterated its outlook for the current quarter in disclosing its receipt of the notice of injunction. Pitzer calls the move by the Chinese “an almost ‘meaningless' slap on the wrist by the China courts." To him, it "suggests that current U.S./China trade disputes are constraining the China courts for fear of escalation – the most significant (albeit low probability) being an embargo on U.S. SCE tools necessary for China’s domestic semi plans,” referring to “semiconductor capital equipment,” or chip-making gear, sold by the likes of Applied Materials (AMAT) and Lam Research (LRCX).
Eight tech companies occupy list of 20 outliersThe Twitter logo is displayed on a banner outside the New York Stock Exchange. Just ahead of earnings season, tech companies like Twitter Inc., Advanced Micro Devices Inc., and Micron Technology Inc. figured prominently on a list of S&P 500 index stocks that are outperforming or underperforming analyst expectations. In a recent list prepared by FactSet, tech companies accounted for nearly half the stocks that had the largest disparities by percentage between their current trading price and average target prices.
Tech companies are seeing little impact so far from the U.S.-China trade war as the U.S. on Friday imposed the first round of tariffs on Chinese goods.
A Chinese court has barred Micron Technology (MU) from selling some of its products in China for the time being, according to a July 4 Wall Street Journal report. This decision comes as the trade war is intensifying between the United States and China. China and the United States are poised to impose new tariffs on tens of billions of dollars of each other’s products.
Micron Technology (MU) stock has been on a roller coaster ride since US-China trade tensions escalated. On Tuesday, July 3, the stock fell 5.5% after the announcement that a Chinese court has temporarily banned Micron’s chip sales in China in a patent infringement lawsuit. Micron estimates that the ban won’t hurt its quarterly revenue more than 1% of its annual sales, which brought a sigh of relief to Micron investors and was reflected in the stock price.
Ryan McQueeney and Ben Rains take on this week's biggest stories, including MoviePass' struggle to survive, the return of PC giant Dell to public markets, Tesla's historic-yet-disappointing milestone, and Micron's legal battle in China.