Micron Technology (MU) PT Lowered to $70 at BMO Capital

Micron Gains Despite a Big Guidance Miss, One Analyst Upgrades While Another Assigns a New Street Low PT

September 30, 2022 6:38 AM EDT

Shares of Micron Technology (NASDAQ: MU) are up nearly 3% in pre-market Friday despite the chipmaker reporting extremely soft guidance for its first fiscal quarter.

Microns FQ4 earnings report has so far proved to be sell the rumor buy the news as shares trade higher despite a significant guidance miss. Micron reported an EPS of $1.45 on revenue of $6.64 billion, which compares to analyst estimates of $1.41 per share on revenue of $6.81 billion.

For this quarter, the company is looking for EPS of $0.02... More

Micron Technology (MU) PT Lowered to $52 at Mizuho Securities

September 30, 2022 6:34 AM EDT

Mizuho Securities analyst Vijay Rakesh lowered the price target on Micron Technology (NASDAQ: MU) to $52.00 (from $56.00) while maintaining a Neutral rating.... More

Micron Technology (MU) PT Lowered to $58 at BofA Securities

September 30, 2022 5:53 AM EDT

BofA Securities analyst Vivek Arya lowered the price target on Micron Technology (NASDAQ: MU) to $58.00 (from $62.00) while maintaining a Neutral rating.... More

Micron Technology (MU) PT Lowered to $54 at Stifel

September 30, 2022 5:25 AM EDT

Stifel analyst Brian Chin lowered the price target on Micron Technology (NASDAQ: MU) to $54.00 (from $56.00) while maintaining a Hold rating.... More

Micron Technology (MU) PT Lowered to $45 at Piper Sandler

September 30, 2022 3:55 AM EDT

Piper Sandler analyst Harsh Kumar lowered the price target on Micron Technology (NASDAQ: MU) to $45.00 (from $50.00) while maintaining a Underweight rating.... More

Micron Technology (MU) PT Lowered to $60 at Deutsche Bank

September 30, 2022 3:33 AM EDT

Deutsche Bank analyst Sidney Ho lowered the price target on Micron Technology (NASDAQ: MU) to $60.00 (from $68.00) while maintaining a Buy rating.... More

Micron Technology (MU) PT Lowered to $49 at Morgan Stanley

September 30, 2022 3:26 AM EDT

Morgan Stanley analyst Joseph Moore lowered the price target on Micron Technology (NASDAQ: MU) to $49.00 (from $56.00) while maintaining a Underweight rating.... More

Summit Insights Upgrades Micron Technology (MU) to Buy

September 30, 2022 2:25 AM EDT

Summit Insights analyst Kinngai Chan upgraded Micron Technology (NASDAQ: MU) from Hold to Buy.

For an analyst ratings summary and ratings history on Micron Technology click here. For more ratings news on Micron Technology click here.

Shares of Micron Technology closed at $50.01 yesterday.

... More

After-Hours Movers 09/29: Nike, Micron Fall Post Earnings

September 29, 2022 5:54 PM EDT

After-Hours Stock Movers

Rent-A-Center, Inc. (NASDAQ/NGS: RCII) 17% LOWER; lowers third-quarter guidance.

Nike (NYSE: NKE) 10% LOWER; reported Q1 EPS of $0.93, $0.01 better than the analyst estimate of $0.92. Revenue for the quarter came in at $12.7 billion versus the consensus estimate of $12.29... More

Micron warns of tougher times, plans to cut investments by 30%

September 29, 2022 4:17 PM EDT

By Chavi Mehta and Jane Lanhee Lee

(Reuters) -Micron Technology, the first major chipmaker to sound an alarm about falling demand for PCs and smartphones earlier this year, on Thursday warned of even tougher times ahead and said it was cutting its investments.

"We made significant reductions to capex and now expect fiscal 2023 capex to be around $8 billion, down more than 30% year over year," Chief Executive Sanjay Mehrotra said on an earnings call.

Still, Micron forecast strong revenue growth in the second half of fiscal 2023 as demand starts to recover early next year.

Shares of the... More

Micron Technology (MU) Shares Decline After Revenue, Guidance Misses Expectations

September 29, 2022 4:15 PM EDT

Shares of Micron Technology (NASDAQ: MU) fell over 2% in after-hours trading on Thursday after the company posted fiscal fourth-quarter earnings.

The company topped profit expectations with earnings per share coming in at $1.45, $0.04 better than the analyst estimate of $1.41. However, revenue missed estimates, coming in at $6.64... More

Micron Technology (MU) Tops Q4 EPS by 4c, Guidance Misses

September 29, 2022 4:03 PM EDT

Micron Technology (NASDAQ: MU) reported Q4 EPS of $1.45, $0.04 better than the analyst estimate of $1.41. Revenue for the quarter came in at $6.64 billion versus the consensus estimate of $6.81 billion.

GUIDANCE:

Micron Technology sees Q1 2023 EPS of $0.14-($0.06), versus the consensus of... More