Micron Technology (MU) PT Lowered to $80 at Needham & Company
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Micron Technology (MU) PT Lowered to $52 at UBS
September 24, 2018 6:18 AM EDTUBS analyst Timothy Arcuri lowered the price target on Micron Technology (NASDAQ: MU) to $52.00 (from $60.00) while maintaining a Neutral rating.
... MoreMicron Technology (MU) PT Lowered to $65 at FBN Securities
September 21, 2018 10:52 AM EDTFBN Securities analyst Shebly Seyrafi lowered the price target on Micron Technology (NASDAQ: MU) to $65.00 (from $80.00) while maintaining an Outperform rating.
Seyrafi said concerns about NAND price declines are already embedded in the stock.
... MorePopular stocks with increasing unusual: MU INTC NFLX TSLA IQ
September 21, 2018 9:40 AM EDTPopular stocks with increasing unusual: MU INTC NFLX TSLA IQ
... MoreMicron Technology (MU) Moves Off Lows
September 21, 2018 9:34 AM EDTMicron Technology (NASDAQ: MU) seeing a solid move off the lows. Shares remain down 1.9% following solid earnings but weak guidance.
... MorePre-Open Movers 09/21: (DTEA) (SCS) (NVAX) Higher; (GTXI) (PIR) (TLRY) Lower (more...)
September 21, 2018 9:24 AM EDTToday's Pre-Open Movers
GTx, Inc. (Nasdaq: GTXI) 90% LOWER; today announced that the ASTRID Trial, a Phase 2 double-blind, placebo-controlled clinical trial of orally-administered enobosarm (3 mg or 1 mg) in post-menopausal women with stress urinary incontinence (SUI), did not achieve statistical significance on the primary endpoint of the proportion of patients with a greater than 50% reduction in incontinence episodes per day compared to placebo. The percentage of patients with a greater than 50% reduction after 12 weeks of enobosarm treatment was 58.9% for 3mg, 57.7% for 1mg and 52.7% for placebo. Enobosarm was generally safe and well... More
As new iPhones go on sale, studies reveal chips from Intel and Toshiba
September 21, 2018 9:21 AM EDTBy Stephen Nellis
SAN FRANCISCO (Reuters) - Apple Inc's (NASDAQ: AAPL) latest iPhones hit stores around the world on Friday, featuring components made by Intel Corp (NASDAQ: INTC) and Toshiba among others, according to two firms that cracked open the iPhone Xs and Xs Max models.
The studies by repair firm iFixit https://www.ifixit.com/Teardown/iPhone+XS++and+XS+Max+Teardown/113021 and chip analysis firm TechInsights https://w2.techinsights.com/l/4202/2018-09-21/276cjx, published this week, are among the first detailed... More
Micron Technology (MU): Here Comes The Memory Downturn - Citi
September 21, 2018 8:49 AM EDTCiti analyst, Christopher Danely, reiterated his Neutral rating on shares of Micron Technology (NASDAQ: MU) and cut his price target to $50 from $62 after the company met expectations but guided below consensus as NAND pricing (26% of F4Q18 sales) continues to decline and the... More
Dow hits new closing high ahead of index reshuffle
September 21, 2018 7:50 AM EDTBy Stephen Culp
NEW YORK (Reuters) - Industrials led the Dow to a new closing high on Friday ahead of Monday's major sector reshuffle, capping a week that largely shrugged off trade worries.
Trading volume spiked to the highest level since Feb. 9 in anticipation of the S&P 500 sector change, when telecoms will be folded into a new sector called communications services, along with heavy-hitting stocks such as Facebook Inc (NASDAQ: FB) and Walt Disney Co (NYSE: DIS).
While the Dow... More
Micron Technology (MU) PT Lowered to $48 at Morgan Stanley
September 21, 2018 7:37 AM EDTMorgan Stanley analyst Joseph Moore lowered the price target on Micron Technology (NASDAQ: MU) to $48.00 (from $65.00) while maintaining a Equalweight rating.
... MoreMKM Partners Reiterates Buy on Micron Technology (MU) Following 4Q
September 21, 2018 7:23 AM EDTMKM Partners analyst, Ruben Roy, reiterated a Buy rating and $63.00 price target on Micron Technology (NASDAQ: MU) following the company's 4Q earnings report. Micron reported revenue and non-GAAP EPS of $8.440 billion/$3.53, which compared favorably against the consensus estimates of $8.25 billion/$3.33. Management guidance had... More
Micron Technology (MU) PT Lowered to $80 at Needham & Company
September 21, 2018 7:23 AM EDTNeedham & Company analyst Rajvindra Gill lowered the price target on Micron Technology (NASDAQ: MU) to $80.00 (from $110.00) while maintaining a Strong Buy rating.
Gill commented, "After posting a stellar F4Q18, MU guided gross margins to decline Q/Q (-50-100bps impx.)... More
JPMorgan Sees Micron Technology (MU) Guidance As Conservative, PT To $75
September 21, 2018 7:21 AM EDTJPMorgan analyst, Harlan Sur, reiterated his Overweight rating on shares of Micron Technology (NASDAQ: MU) and cut his price target to $75 from $84 after the company reported F4Q18 (Aug-Q) revenue/EPS above the high end of guidance on solid execution in a strong demand environment, led by cloud data center, with continued favorable pricing in DRAM. Despite... More
Barclays Cuts Micron Technology (MU) PT To $60 From $67
September 21, 2018 7:08 AM EDTBarclays analyst, Blayne Curtis, reiterated his Overweight rating on shares of Micron Technology (NASDAQ: MU) and cut his price target to $60 from $67 after the company reported better August results bbut guided November below consensus noting DRAM inventory, CPU shortages and tariffs impacting profitability.... More
Micron Technology's (MU) Light Guidance Drives PT Cut To $65 At Mizuho
September 21, 2018 6:55 AM EDTMizuho Securities analyst, Vijay Rakesh, reiterated his Buy rating on shares of Micron Technology (NASDAQ: MU) and cut his price target to $65 from $72 after the company announced a solid August quarter but gave a disappointing November quarter guide impacted by tariffs and 14nm... More
Micron Technology's (MU) Conservative Guidance Drives A $1 PT Cut At RBC
September 21, 2018 6:50 AM EDTRBC Capital analyst, Amit Daryanani, reiterated his Outperform rating on shares of Micron Technology (NASDAQ: MU) and cut his price target to $69 from $70 after the company reported another beat for the Aug-qtr and guided Nov-qtr rev/EPS conservatively, which the analyst thinks leaves room... More
Micron Technology (MU) PT Lowered to $103 at Stifel
September 21, 2018 6:50 AM EDTStifel analyst Kevin Cassidy lowered the price target on Micron Technology (NASDAQ: MU) to $103.00 (from $108.00) while maintaining a Buy rating.
... MoreMicron Technology (MU) PT Lowered to $65 at Nomura/Instinet
September 21, 2018 6:46 AM EDTNomura/Instinet analyst Romit Shah lowered the price target on Micron Technology (NASDAQ: MU) to $65.00 (from $100.00) while maintaining a Buy rating.
... MoreMicron Technology (MU) May Be Past Peak Gross Margins But EPS Decline Limited In 2019 - Baird
September 21, 2018 6:25 AM EDTBaird analyst, Tristan Gerra, reiterated his Outperform rating on shares of Micron Technology (NASDAQ: MU) despite believing that Micron's gross margins have peaked after 9 consecutive quarters of expansion. He believes that stock buybacks should stabilize but not eliminate sequential declines in quarterly EPS... More
Micron Technology (MU) PT Lowered to $60 at Barclays
September 21, 2018 5:55 AM EDTBarclays analyst Blayne Curtis lowered the price target on Micron Technology (NASDAQ: MU) to $60.00 (from $67.00) while maintaining a Overweight rating.
... MoreOptions expected to have increasing volume: MU SCS ACAD
September 21, 2018 5:04 AM EDTOptions expected to have increasing volume: MU SCS ACAD
... MoreAfter-Hours Stock Movers 09/20: (SCS) (ADT) (ACAD) Higher; (PIR) (UNFI) (MY) Lower (more...)
September 20, 2018 5:41 PM EDTToday's After-Hours Movers
Pier 1 Imports, Inc. (NYSE: PIR) 16.6% LOWER; announced preliminary financial results for the second quarter of fiscal 2019 ended September 1, 2018. On a preliminary basis, based on the information currently available, the Company expects: Company comparable sales to decrease approximately 11.4% compared to the second quarter of fiscal 2018;
Fiscal 2019 second quarter loss per share in the range of $0.62 to $0.64; (**Street sees Q2 loss per share of $0.55)
Steelcase (NYSE: SCS) 14.4% HIGHER; reported Q2 EPS of $0.41, $0.12 better than the analyst... More
UPDATE: Micron Technology (MU) Sees Q1 EPS of $2.95 at Mid-Point vs Consensus of $3.06
September 20, 2018 5:00 PM EDT(Updated - September 20, 2018 5:02 PM EDT)
Micron Technology (NASDAQ: MU) Sees Q1 EPS of $2.95 at Mid-Point vs Consensus of $3.06
Micron sees Q1 revenue of $7.9-$8.3 billion vs $8.44 billion consensus.
... MoreMicron Technology (MU) Tops Q4 EPS by 19c; Guides Q1 Lower
September 20, 2018 4:02 PM EDTMicron Technology (NASDAQ: MU) reported Q4 EPS of $3.53, $0.19 better than the analyst estimate of $3.34. Revenue for the quarter came in at $8.44 billion versus the consensus estimate of $8.25 billion.
Revenues of $8.44 billion, up 38 percent compared with the same period last yearGAAP net income of... MoreActive options: MU AAPL BAC GE AMD BABA FB FTV TSLA
September 20, 2018 3:57 PM EDTActive options: MU AAPL BAC GE AMD BABA FB FTV TSLA
... MoreMicron Technology (MU) call put ratio 2.2 calls to 1 put as shares rally 3% into EPS
September 20, 2018 11:13 AM EDTMicron Technology (NASDAQ: MU) September call option implied volatility is at 159, October is at 54; compared to its 52-week range of 34 to 63 into the expected release of Q4 results today after the market close. Call put ratio 2.2 calls to 1 put with focus on September 46 and 47 calls.
... MoreMicron Technology (MU) September 47 straddle priced for a move of 7.5% into EPS
September 20, 2018 10:26 AM EDTMicron Technology (NASDAQ: MU) September 47 straddle priced for a move of 7.5% into EPS
... MoreMicron Technology (MU) September calls active into EPS and outlook
September 20, 2018 10:24 AM EDTMicron Technology (NASDAQ: MU) September call option implied volatility is at 153, October is at 54; compared to its 52-week range of 34 to 63 into the expected release of Q4 results today after the market close. Call put ratio 2.3 calls to 1 put with focus on September 46 and 47 calls.
... MoreUPDATE: Samsung is Said to Plan Lower Chip Growth to Maintain Prices - Bloomberg
September 20, 2018 7:56 AM EDT(Updated - September 20, 2018 8:01 AM EDT)
Samsung is planning to curtail growth in memory chip output next year to keep supplies tight amid an expected slowing demand, according to Bloomberg, citing people briefed on the matter.
The move may help maintain or drive up semiconductor prices, the... More
BofA/Merrill Lynch Said Korea Conference Had Positive Implications for Micron (MU)
September 20, 2018 7:40 AM EDTBofA/Merrill Lynch analyst Simon Woo made positive comments on Micron Technology (NASDAQ: MU) after meeting with Samsung, Hynix and equipment vendors at their recent Korea conference.
Woo said they learned several things for memory: 1) production bottlenecks, particularly for Samsungs new tech migration; 2)... More
Options expected to have increasing volume: MU RHT CRON
September 20, 2018 5:35 AM EDTOptions expected to have increasing volume: MU RHT CRON
... More