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Why Micron Analysts Are Holding Bullish Bias Despite Weak Q1 Guidance
Wednesday, September 29, 2021 - 3:12pm | 938Micron Technology, Inc. (NASDAQ: MU) reported better-than-expected fourth-quarter earnings Tuesday, yet issued weak forward guidance. The Micron Analysts: Needham analyst Rajvindra Gill maintained a Buy rating and $130 price target for Micron shares. Wells Fargo Securities analyst Aaron...
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Why BofA Cuts Micron Price Target, But Still Likes The Stock
Wednesday, September 29, 2021 - 10:17am | 236Although DRAM price reductions caused investor concerns, Micron Technology, Inc’s (NASDAQ: MU) guidance for the first quarter of fiscal 2022 reflects stable margins, according to BofA Securities. The Micron Technology Analyst: Simon Woo reiterated a Buy rating for Micron Technology while...
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Why BofA Is Bullish On Micron Despite Huawei Challenges: 5 Takeaways
Thursday, August 27, 2020 - 11:38am | 361Micron Technology, Inc.’s (NASDAQ: MU) earnings remain strong and its stock valuation is attractive despite the Huawei issue and a guidance cut, according to BofA Securities. The Micron Technology Analyst: Simon Woo maintained a Buy rating on Micron Technology and reduced the price...
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BofA Raises Micron's Price Target Following Upbeat Guidance Update
Thursday, May 28, 2020 - 10:19am | 337Micron Technology, Inc. (NASDAQ: MU) is scheduled to announce fiscal third-quarter results June 29. The memory chip company is likely to report upbeat quarterly results and issue positive fourth-quarter guidance, which may prove to be catalysts for the stock, according to BofA Securities. The...
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BofA Upgrades Micron Technology On Rising Datacenter Chip Demand
Thursday, March 26, 2020 - 11:03am | 333Although there is overall macro risk due to a coronavirus-led slowdown in global economic growth, Micron Technology, Inc. (NASDAQ: MU) faces new growth opportunities with rising demand for datacenter chips as more companies transition to the remote workplace model, according to BofA Securities. The...
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7 Tech Stocks To Sell Today
Friday, February 28, 2020 - 1:45pm | 1090Coronavirus fears have investors searching for ways to get defensive by dialing back exposure to the volatile market. The decade-long bull market has expanded valuations, especially in the tech sector. Many tech companies have bloated balance sheets and negative cash flow and may struggle in an...
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Micron Analysts Stay Bullish Amid Cycle Turning, Demand-Supply Tightness
Thursday, December 19, 2019 - 12:16pm | 982Micron Technology, Inc. (NASDAQ: MU) reported fiscal first-quarter results that exceeded estimates and suggested the second quarter may mark a bottom in terms of its financial performance. The Analysts Goldman Sachs analyst Mark Delaney reiterated a Buy rating on Micron and raised the price target...
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Analysts: Micron's Buyout of Joint Flash Venture With Intel A Long-Term Positive
Friday, October 19, 2018 - 12:12pm | 728Micron Technology, Inc. (NASDAQ: MU) announced its intention Thursday to buy out partner Intel Corporation (NASDAQ: INTC)'s stake in their IM Flash Technologies joint venture by agreeing to pay $1.5 billion in cash when the transaction closes. Micron can begin to exercise the call...
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Bank Of America Updates Memory Outlook After South Korea Visit
Thursday, September 20, 2018 - 3:25pm | 492A visit to South Korea to meet with Samsung Electronics Co. Ltd (OTC: SSNLF), Hynix and equipment vendors reinforced a Bank of America Merrill Lynch analyst's positive outlook for Micron Technology, Inc. (NASDAQ: MU) and the memory market. The Analyst BofA's Simon Woo maintained a...
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Micron Vs. China: What Happened And Why BofA Says The Risk Is Manageable
Thursday, July 5, 2018 - 10:20am | 440Micron Technology, Inc. (NASDAQ: MU) confirmed Thursday that, at the request of local competitors alleging a violation of patent rights, a Chinese court blocked two of the company's subsidiaries in the country from selling specific products. What Happened The ruling advances a...
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What Wall Street Thinks Of Micron's Investor Day
Tuesday, May 22, 2018 - 12:21pm | 527The market certainly seemed to like what it heard from Micron Technology, Inc. (NASDAQ: MU) during its investor day event, sending the stock higher by more than 7 percent on Tuesday. Several Wall Street analysts have weighed in on Micron following the event. Here’s a rundown of what they had...
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Wall Street Analysts Remain Bullish On Micron
Friday, March 23, 2018 - 1:00pm | 571Micron Technology, Inc. (NASDAQ: MU), despite a top and bottom line Q2 earnings beat, couldn't live up to lofy earnings expectations, and the stock is trading down by more than 7 percent Friday. Here’s a rundown of what a handful of Wall Street analysts have to say about Micron’s...
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STMicroelectronics: To Sell or Not To Sell?
Friday, October 12, 2012 - 8:55am | 438STMicroelectronics (NYSE: STM) is contemplating a break up of its company that could cause a sell off of the mobile phone chip segment of their business, possibly to Samsung. Premarket, shares of STM are up 15.60 percent on the news, yet no plans have been announced nor has a timeline for the sell...