Micron Technology (MU) Q4 Guidance Tops Views

Micron (MU) Benefiting from Systematic, Structural Changes in Memory - Needham & Company

June 21, 2018 10:54 AM EDT

Needham & Company reiterated a Strong Buy rating and $100 price target on Micron Technology (NASDAQ: MU).

Analyst Rajvindra Gill commented, "We are reiterating our Strong Buy and $100 PT following another beat/raise quarter. Micron is benefiting from systematic, structural changes occurring in the memory... More

Micron Technology (MU) PT Raised to $80 at FBN Securities

June 21, 2018 10:40 AM EDT

FBN Securities raised its price target on Micron Technology (NASDAQ: MU) to $80.00 (from $75.00) while maintaining an Outperform rating.

Analyst Shebly Seyrafi commented, "The company reported a strong FQ3, with revenue of $7.8B growing by 40% Y/Y and coming in 1% above consensus. DRAM revenue growth of 56% Y/Y remains robust and is helped by strong ASP increases (up mid-30s%) countered by a deceleration in bit growth to mid-teens% (vs. a difficult comparison). The improved DRAM ASP helped drive... More

Micron's quarterly results, forecasts beat on higher chip demand

June 20, 2018 4:08 PM EDT

By Vibhuti Sharma

(Reuters) - Micron Technology Inc's (NASDAQ: MU) third-quarter profit and current-quarter forecasts beat Street's expectations, as the chipmaker benefited from a strong demand for its memory chips used in computers and smartphones amid tight supply.

The company has been selling more memory chips at higher prices as customers look to store data and apps in smartphones and companies shift to cloud.

Micron said it expects fourth-quarter revenue in the range of... More

Micron Technology (MU) Tops Q3 EPS by 3c

June 20, 2018 4:01 PM EDT

Micron Technology (NASDAQ: MU) reported Q3 EPS of $3.15, $0.03 better than the analyst estimate of $3.12. Revenue for the quarter came in at $7.8 billion versus the consensus estimate of $7.75 billion.

Micron sees Q4 revenue of $8-$8.4 billion vs consensus of $8.07 billion. Micron sees Q4... More