Needham & Company Upgrades Micron Technology (MU) Two-Notches to Buy, $33 PT

Brean Capital Raises Price Target on Micron Technology (MU) Following 1Q Earnings Report

December 22, 2016 9:38 AM EST

Brean Capital reiterated a Buy rating on Micron Technology (NASDAQ: MU), and raised the price target to $28.00 (from $25.00), following the company's 1Q earnings report. MU reported Nov-16Q revenue of $3.97B, which was above the mid-point of its pre-announced revenue of $3.94B and ahead of Consensus of $3.80B. OPEX for the Nov-16Q increased by about 10% Q/Q and this resulted in non-GAAP EPS of $0.32 vs. Consensus of $0.28.

Analyst Mike Burton... More

Deutsche Bank Raises Price Target on Micron Technology (MU) to $26 Following 1Q

December 22, 2016 8:25 AM EST

Deutsche Bank reiterated a Buy rating on Micron Technology (NASDAQ: MU), and raised the price target to $26.00 (from $24.00), following the company's 1Q earnings report.

Analyst... More

Micron (MU) PT Bumped to $25 at Susquehanna

December 22, 2016 6:23 AM EST

Susquehanna analyst Mehdi Hosseini reiterated a Positive rating and bumped estimates and his price target on Micron Technology (NASDAQ: MU) to $25.00 (from $24.00).

Hosseini commented, "As was expected, MU's report and guide well exceeded consensus estimates. Stock is up by more than 2x since the trough of earlier this year (around $10), as it has dialed in earnings power of ~$2.50. So,... More

Micron (MU) PT Lifted to $25 at Baird

December 22, 2016 6:09 AM EST

Baird analyst Tristan Gerra reiterated an Outperform rating and boosted his price target on Micron Technology (NASDAQ: MU) to $25.00 (from $22.00) on a promising initial supply/demand outlook for both DRAM and NAND for C2017.

Gerra commented, "DRAM environment should be marked by lack... More

Micron Technology (MU) PT Raised to $27 at Mizuho

December 22, 2016 6:00 AM EST

Mizuho Securities analyst Vijay Rakesh reiterated a Buy rating and raised his price target on Micron Technology (NASDAQ: MU) to $27.00 (from $22.00) following solid results and GM guidance.

Rakesh commented, "Micron reported a strong NovQ in line with its positive preannouncement, and... More

Micron (MU) Q1: Better Than Expected, Analysts Rejoice

December 22, 2016 5:49 AM EST

Following the closing bell on Wednesday Micron (NYSE: MU) reported Q1 adjusted EPS of $0.32 versus expectations of $0.28. Revenues also outperformed expectations at $3.97 billion versus $3.95 billion. Management guided Q2 2017 EPS to a range of $0.58 to $0.68 and sales to a range of $4.35 billion to $4.70 billion.

Sell-side analysts rejoiced in notes to client about continued health in the memory market... More

Micron Technology's (MU) Q2 Guidance Tops Views

December 21, 2016 4:10 PM EST

Micron Technology (NASDAQ: MU) sees Q2 EPS of $0.58-$0.68 vs consensus of $0.46. Revenue is seen at $4.35B-$4.70B vs consensus of $4.13B.

FQ2 2017 Guidance NON-GAAP

Revenue $4.35 $4.70 billionGross margin 31% 34%Operating expenses $590 $640 millionOperating income $800 $900 millionDiluted EPS* $0.58 $0.68

... More

Micron Technology (MU) Tops Q1 EPS by 4c, Q2 Guidance Tops Views

December 21, 2016 4:03 PM EST

(Updated - December 21, 2016 4:14 PM EST)

Micron Technology (NASDAQ: MU) reported Q1 EPS of $0.32, $0.04 better than the analyst estimate of $0.28. Revenue for the quarter came in at $3.97 billion versus the consensus estimate of $3.96 billion.

"Positive market momentum, driven by favorable demand trends and... More