Micron (MU) Est., PT Cut at RBC Capital
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Micron Technology (MU) PT, Estimates Cut at Jefferies; 'Buy' Maintained
March 18, 2015 7:11 AM EDTJefferies analyst Sundeep Bajikar cut estimates and his price target on Micron Technology (NASDAQ: MU) to $40.00 (from $45.00) on DRAM price weakness. However, the firm maintained a Buy rating saying the see a DRAM price recovery by the 2nd-half of the year.
Bajikar commented,... More
Micron Technology (MU) Announces Availability of New LPDDR4 DRAM
March 17, 2015 9:36 AM EDTMicron Technology (NASDAQ: MU) announced the availability of ultra reliable, ultra high-speed and ultra high-temperature parallel NOR Flash and low-power DDR4 (LPDDR4) DRAM to meet the increasing memory requirements for the automotive market segment. Micron's G18 NOR family offers the industry's highest-performance parallel NOR, while Micron's automotive-grade LPDDR4 solutions are an industry-first.
These new products meet the needs of automotive applications that require ultra high speed. The G18 family's high... More
Micron Technology (MU) FQ3 EPS Estimates Lowered at Deutsche Bank; Analyst Maintains Buy Rating
March 16, 2015 8:57 AM EDTDeutsche Bank maintained a Buy rating on Micron Technology (NASDAQ: MU) with a price target of $40. FQ3 revenue/EPS was lowered to $4.29B/$0.73 (from $4.4B/$0.84). Estimates are lower on on near-term PC DRAM weakness, which appears priced in, said analyst Sidney Ho. EPS is expected to trough in May-period.
"While we lower our estimates to reflect near-term PC DRAM weakness, we expect pricing pressure to abate in 2H driven by seasonal PC build, higher mobile content and DDR4 upgrade cycle. In 2016, we see a number... More
