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MU

Micron

$42.03

-2.15 (-4.87%)

08:17
08/15/19
08/15
08:17
08/15/19
08:17

Micron commences volume production of 1z nanometer DRAM process node

Micron Technology announced advancements in DRAM scaling, making Micron the first memory company to begin mass production of 16Gb DDR4 products using 1z nm process technology. Micron's 1z nm 16Gb DDR4 product delivers substantially higher bit density, as well as significant performance enhancements and lower cost compared to the previous generation 1Y nm node. It also reinforces Micron's continued progress in delivering improvements in relative performance and power consumption for compute DRAM, mobile DRAM and graphics DRAM product lines. The optimized balance between power and performance will be a key differentiator for applications including, among others, artificial intelligence, autonomous vehicles, 5G, mobile devices, graphics, gaming, network infrastructure and servers.Micron initiated the transition to 1z nm with mass production of its 16Gb DDR4 memory solution. Production using the smaller node delivers several benefits, including an approximately 40% reduction in power consumption compared to previous generations of 8Gb DDR4-based products. Micron's comprehensive portfolio of 1z nm DDR4 products targets the growing need for better performance, higher density and reduced power consumption in the modern data center. Separately, Micron is also announcing that it has begun volume shipments of the industry's highest-capacity monolithic 16Gb low-power double data rate 4X DRAM in UFS-based multichip packages. Micron's 1z nm LPDDR4X and uMCP4 address the needs of mobile device manufacturers seeking low power and smaller packages to design devices with attractive form factors and long battery life.

MU Micron
$42.03

-2.15 (-4.87%)

07/30/19
07/30/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Micron (MU) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Joseph Moore saying global trade tensions and potential supply risks are driving shorter term inventory accumulation and he believes his Underweight rating is now "less actionable." 2. On Deck Capital (ONDK) upgraded to Buy from Neutral at BTIG with analyst Giuliano Bologna saying the company's "soft" Q2 results is offset by the $50M share repurchase plan and desire to pursue a bank charter. 3. Pinnacle West (PNW) upgraded to Buy from Hold at Argus with analyst Gary Hovis saying the stock has underperformed over the past month with a 3% decline in spite of the company's "solid fundamentals, improved earnings visibility, and expanding rate base." 4. Mohawk (MHK) upgraded to Neutral from Underperform at Buckingham with analyst Megan McGrath citing her view that flooring industry risks have been more adequately priced into the shares following the 20% pullback in the stock since the company reported Q2 earnings after the close on Thursday. 5. Melco Resorts & Entertainment (MLCO) upgraded to Buy from Outperform at Daiwa with analyst Andrew Chung calling it the "Crown Prince of Macau." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/07/19
LYNX
08/07/19
NO CHANGE
LYNX
Lynx can see the Micron bull case on Japan-Korea tensions, 'but with caveats'
Lynx Equity Strategies analysts KC Rajkumar and Jahanara Nissar noted that Japan-Korea trade issues have been replaced by headlines of the new bout of U.S.-China trade tensions, but their recent checks in the field shows that the ongoing trade issues between Japan and Korea "show no signs of easing." Given the early signs of downstream players anticipating memory contract prices to turn up in 1-2 months, they said they can see the bull case for Micron, "but with caveats." While export restrictions on semiconductor raw materials can crimp memory output from dominant Korea suppliers, especially in DRAM, there is also the potential that if downstream producers lowered their output in anticipation of a sustained disruption that could depress demand for the semiconductor sector as a whole, Rajkumar and Nissar explain in their note to investors.
08/08/19
GSCO
08/08/19
NO CHANGE
GSCO
Memory summit reinforces Goldman view that NAND pricing set to improve
After attending the Flash Memory Summit on August 6 and 7, Goldman Sachs analyst Mark Delaney said his meetings and talks with industry participants reinforced his view that NAND pricing is already showing signs of improvement and increased his confidence that blended NAND pricing will be up sequentially in the fourth quarter. Meanwhile, he still thinks DRAM pricing is likely to fall in the near-term, but said the rate of Q4 decline could be "somewhat less severe" than he previously expected. Delaney has a Buy rating on Micron (MU), a Neutral rating on Western Digital (WDC) and a Buy rating on Lam Research (LRCX), which he believes is well-positioned to benefit from continued scaling in NAND.
08/12/19
SBSH
08/12/19
NO CHANGE
Target $30
SBSH
Sell
Citi keeps Sell on Micron, but thinks stock could reach $60 longer term
After hosting investor meetings with management, Citi analyst Christopher Danely keeps a Sell rating on Micron Technology with a $30 price target. The analyst believes the DRAM downturn last into the first half of 2020. However, longer term, he thinks Micron's earnings per share can get back to the peak of $11.74 and the stock could reach $60-plus.

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