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MU

Micron

$49.77

1.375 (2.84%)

10:10
11/04/19
11/04
10:10
11/04/19
10:10

Micron calls lead puts 4:1 in bullish opening flow

Micron calls lead puts 4:1 in bullish opening flow. Shares up $1.37, or 2.8%, to $49.75 with 30K calls trading in the first half hour vs 7200 puts, and Dec 13th expiry 52 calls leading the volume with 7300 contracts. Earnings are unconfirmed, but currently expected after these expire, on Dec 17th. Largest block was an opening sweep buyer of 3359 from 1.19 to 1.24 when shares were $49.51.

  • 06

    Nov

  • 20

    Nov

MU Micron
$49.77

1.375 (2.84%)

10/01/19
KEYB
10/01/19
NO CHANGE
KEYB
KeyBanc makes four Semiconductor rating changes after trip to Asia
KeyBanc analyst Weston Twigg made four rating changes in the Semiconductors space after his quarterly trip to Asia revealed overall demand trends, while still weak, "are not getting worse." The analyst was encouraged to find inventories are beginning to normalize and that expectations are for normal seasonality in Q4. As a result, he upgraded Analog Devices (ADI), Microchip (MCHP), and NXP Semiconductors (NXPI) to Overweight from Sector Weight. Conversely, the China insourcing trends at Huawei and other manufacturers are accelerating faster than Twigg had expected, which results in his downgrade of Xilinx (XLNX) to Sector Weight from Overweight. The analyst also recommends building long-term positions in semi-cap and memory stocks like KLA-Tencor (KLAC), Teradyne (TER), Micron Technology (MU), MKS Instruments (MKSI), Entegris (ENTG), Applied Materials (AMAT) and Lam Research (LRCX). Lastly, Twigg says that initial demand for Apple's (AAPL) new iPhone "appears to be slightly worse than expected."
10/11/19
CLVD
10/11/19
NO CHANGE
CLVD
Neutral
Cleveland Research raises Micron estimates for November quarter, sees risk after
Cleveland Research analyst Chandler Converse raised his estimates for Micron's November-end quarter to account for improved NAND pricing and buy-ahead that he sees driving upside in volume. However, he sees risks to the February-end quarter given his concerns about inventory build at customers, CPU supply challenges and seasonality. Converse has a Neutral rating on Micron shares.
10/22/19
BERN
10/22/19
NO CHANGE
BERN
Outperform
Bernstein sees signs of bottoming/recovery starting in 2020 for DRAM, NAND
Bernstein analyst Mark Newman says that though Memory industry profits remain challenged following downturns in both DRAM and NAND, he sees signs of bottoming and recovery starting in 2020 for both DRAM and NAND. His Top picks are SK Hynix and Micron (MU) followed by Samsung (SSNLF), all rated Outperform.
10/23/19
BARD
10/23/19
NO CHANGE
Target $30
BARD
Underperform
Micron files annual report, macro trends remain overwhelming, says Baird
Baird analyst Tristan Gerra notes that Micron filed its 2019 annual report in a 10-K last week, with free cash flow in Q4 at $184M, down from $2.9B in Q4 2018. Additionally, total inventories increased 4% sequentially, revenue from Huawei was 12% of total revenue in 2019, and Micron repurchased a total of 67M shares for $2.66B in 2019, he adds. While the analyst believes Micron's fundamentals have significantly improved versus prior cycles, macro trends remain overwhelming. Gerra thinks it is too early to buy the stock as recovery expectations will likely get further delayed. He has an Underperform rating and $30 price target on the shares.

TODAY'S FREE FLY STORIES

LULU

Lululemon

$233.31

3.75 (1.63%)

06:09
12/12/19
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06:09
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INTC

Intel

$57.04

0.43 (0.76%)

, IBM

IBM

$133.81

-0.12 (-0.09%)

06:09
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06:09
Periodicals
Intel hires former GlobalFoundries CTO Gary Patton, Reuters reports »

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INTC

Intel

$57.04

0.43 (0.76%)

IBM

IBM

$133.81

-0.12 (-0.09%)

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  • 23

    Jan

HD

Home Depot

$211.96

-3.88 (-1.80%)

06:06
12/12/19
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06:06
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06:06
Downgrade
Home Depot rating change  »

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  • 25

    Feb

JPM

JPMorgan

$134.17

-0.31 (-0.23%)

06:06
12/12/19
12/12
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06:06
Periodicals
JPMorgan to revamp wealth management business, WSJ reports »

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  • 14

    Jan

WST

West Pharmaceutical

$146.54

1.07 (0.74%)

06:06
12/12/19
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06:06
Downgrade
West Pharmaceutical rating change  »

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CHEF

Chefs' Warehouse

$35.51

-0.06 (-0.17%)

06:05
12/12/19
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Initiation
Chefs' Warehouse initiated  »

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  • 12

    Dec

OII

Oceaneering

$13.48

0.32 (2.43%)

06:03
12/12/19
12/12
06:03
12/12/19
06:03
Upgrade
Oceaneering rating change  »

Oceaneering upgraded to…

03/08/13
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SYY

Sysco

$82.88

0.38 (0.46%)

06:03
12/12/19
12/12
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06:03
Initiation
Sysco initiated  »

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MPWR

Monolithic Power

$169.05

4.15 (2.52%)

06:01
12/12/19
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06:01
Initiation
Monolithic Power initiated  »

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HD

Home Depot

$211.96

-3.88 (-1.80%)

06:01
12/12/19
12/12
06:01
12/12/19
06:01
Upgrade
Home Depot rating change  »

Home Depot upgraded to…

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  • 25

    Feb

SPNE

SeaSpine

$12.00

-0.58 (-4.61%)

05:57
12/12/19
12/12
05:57
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05:57
Downgrade
SeaSpine rating change  »

SeaSpine downgraded to…

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GMED

Globus Medical

$56.88

0.03 (0.05%)

05:56
12/12/19
12/12
05:56
12/12/19
05:56
Upgrade
Globus Medical rating change  »

Globus Medical upgraded…

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GKOS

Glaukos

$57.32

-1.895 (-3.20%)

05:56
12/12/19
12/12
05:56
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05:56
Downgrade
Glaukos rating change  »

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MMSI

Merit Medical

$29.99

0.69 (2.35%)

05:55
12/12/19
12/12
05:55
12/12/19
05:55
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Merit Medical rating change  »

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SWAV

ShockWave Medical

$41.84

1.41 (3.49%)

05:55
12/12/19
12/12
05:55
12/12/19
05:55
Upgrade
ShockWave Medical rating change  »

ShockWave Medical…

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DPZ

Domino's Pizza

$293.12

8.48 (2.98%)

, PZZA

Papa John's

$60.84

1.29 (2.17%)

05:55
12/12/19
12/12
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05:55
Conference/Events
Stephens to hold a plane trip »

Restaurants Plane Trip…

DPZ

Domino's Pizza

$293.12

8.48 (2.98%)

PZZA

Papa John's

$60.84

1.29 (2.17%)

TXRH

Texas Roadhouse

$57.25

0.55 (0.97%)

03/08/13
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  • 12

    Dec

  • 13

    Dec

  • 18

    Dec

MPWR

Monolithic Power

$169.05

4.15 (2.52%)

05:47
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HUYA

Huya

$18.21

0.6 (3.41%)

05:35
12/12/19
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05:35
Initiation
Huya initiated  »

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GMAB

Genmab

, AZN

AstraZeneca

$48.19

0.23 (0.48%)

05:32
12/12/19
12/12
05:32
12/12/19
05:32
Downgrade
Genmab, AstraZeneca, Roche rating change  »

Genmab downgraded to Hold…

GMAB

Genmab

AZN

AstraZeneca

$48.19

0.23 (0.48%)

RHHBY

Roche

$0.00

(0.00%)

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  • 12

    Dec

  • 16

    Dec

  • 17

    Dec

WBA

Walgreens Boots Alliance

$58.00

-0.4 (-0.68%)

, MCK

McKesson

$143.40

0.59 (0.41%)

05:31
12/12/19
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05:31
Hot Stocks
Walgreens Boots Alliance, McKesson create German wholesale JV »

Walgreens Boots Alliance…

WBA

Walgreens Boots Alliance

$58.00

-0.4 (-0.68%)

MCK

McKesson

$143.40

0.59 (0.41%)

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  • 08

    Jan

MTUAY

MTU Aero Engines

$0.00

(0.00%)

05:30
12/12/19
12/12
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12/12/19
05:30
Downgrade
MTU Aero Engines rating change  »

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RHHBY

Roche

$0.00

(0.00%)

, HALO

Halozyme

$18.74

-0.46 (-2.40%)

05:30
12/12/19
12/12
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Genentech says Phase III FeDeriCa study met primary endpoint »

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RHHBY

Roche

$0.00

(0.00%)

HALO

Halozyme

$18.74

-0.46 (-2.40%)

03/08/13
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  • 12

    Dec

  • 16

    Dec

OEZVY

Verbund

$0.00

(0.00%)

05:28
12/12/19
12/12
05:28
12/12/19
05:28
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Verbund rating change  »

Verbund upgraded to Buy…

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ALV

Autoliv

$83.17

0.81 (0.98%)

05:25
12/12/19
12/12
05:25
12/12/19
05:25
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Autoliv rating change  »

Autoliv upgraded to Buy…

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  • 17

    Dec

AMGN

Amgen

$233.96

0.14 (0.06%)

05:25
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12/12
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05:25
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Amgen, UCB announce EC approval of EVENITY »

Amgen and UCB announced…

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