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MU Micron $39.63 0.1 (0.25%) 07:31 03/19/19 03/19 07:31 03/19/19 07:31 Recommendations	Micron analyst commentary at Citi » Citi predicts 'DRAM… Story temporarily locked. To read stories as they happen please subscribe, Login above, or return tomorrow Get Free Trial 03/08/13 Wedge Partners 03/08/13 Credit Suisse 03/06/13 Citigroup 03/06/13 Barclays See Street Research during your Free Trial	20 Mar 28 May

Yesterday
NVDA Nvidia $168.85 -1.05 (-0.62%) , QCOM Qualcomm $56.69 0.09 (0.16%) … 15:31 03/18/19 03/18 15:31 03/18/19 15:31 Periodicals	U.S. chipmaker industry group calls Chinese offer a 'distraction,' WSJ says » U.S. semiconductor… U.S. semiconductor companies say they have told the White House not to include them in any deal that calls for China to step up purchases of American goods and services, as they believe mandatory-purchase quotas would force U.S. chipmakers to open new factories in China, reported The Wall Street Journal's Bob Davis. The report quotes John Neuffer, president of the Semiconductor Industry Association, as having said: "Whatever the number, the Chinese chip purchase offer is a distraction that risks deepening Chinese state influence in an environment that is otherwise market-based. The market should determine commercial success, not government fiat." Publicly traded semiconductor companies include AMD (AMD), Intel (INTC), Marvell (MRVL), Microchip (MCHP), Micron (MU), Nvidia (NVDA), Qualcomm (QCOM) and Texas Instruments (TXN). Reference Link NVDA Nvidia $168.85 -1.05 (-0.62%) QCOM Qualcomm $56.69 0.09 (0.16%) INTC Intel $54.06 -0.26 (-0.48%) TXN Texas Instruments $109.63 -1.07 (-0.97%) MCHP Microchip $85.18 -0.92 (-1.07%) MRVL Marvell $19.93 -0.22 (-1.09%) AMD AMD $23.24 -0.06 (-0.26%) MU Micron $39.66 0.13 (0.33%) 03/08/13 Wedge Partners 03/08/13 Credit Suisse 03/06/13 Citigroup 03/06/13 Barclays See Street Research during your Free Trial	19 Mar 20 Mar 20 Mar 21 Mar 22 Mar 25 Mar 25 Apr 25 Apr 01 May 28 May 04 Jun 05 Jun
MU Micron $40.17 0.64 (1.62%) 10:00 03/18/19 03/18 10:00 03/18/19 10:00 Options	Active trading in Micron options ahead of earnings » Active trading in Micron… Active trading in Micron options ahead of earnings. Shares up 60c to $40.14 and 3.8K Mar 22nd 41 - 45 call spreads bought for 89c. The spread, if opening (45s possibly close), targets a 12% move to $45 through the end of the week. Separately, 2.5K Apr 43 calls trade $1.10. Mar 22nd 39 puts and Apr 40 puts are active as well. 16K calls and 6.8K puts trade through the first fifteen minutes of Monday's session. Micron is due to release results after the bell Wednesday and saw a notable move last quarter: dropping 7.9% to $31.41 on 12/19/18 after the results. It has rallied 28% since that time. 03/08/13 Wedge Partners 03/08/13 Credit Suisse 03/06/13 Citigroup 03/06/13 Barclays See Street Research during your Free Trial	20 Mar 28 May
MU Micron $39.53 1.12 (2.92%) 09:30 03/18/19 03/18 09:30 03/18/19 09:30 Upgrade	Micron rating change at Standpoint Research » Micron upgraded to Buy… Micron upgraded to Buy from Hold at Standpoint Research 03/08/13 Wedge Partners 03/08/13 Credit Suisse 03/06/13 Citigroup 03/06/13 Barclays See Street Research during your Free Trial	20 Mar 28 May
MU Micron $39.53 1.12 (2.92%) 09:09 03/18/19 03/18 09:09 03/18/19 09:09 Recommendations	Micron analyst commentary at MKM Partners » Micron earnings estimates… Micron earnings estimates reduced at MKM Partners. MKM Partners analyst Ruben Roy kept his Buy rating and $44 price target on Micron but lowered his FY19 EPS view to $7.01 from $8.14 and his FY20 outlook to $6.05 from $7.91 ahead of its next earnings report next week. The analyst cites demand trends in the server and handset markets remaining "challenged", along with the continued pricing deterioration over the past several months. In spite of his lower average-selling-price assumptions however, Roy recommends that investors with longer term horizon continue to hold Micron, anticipating "solid operating margins and profitability" for the company this year. 03/08/13 Wedge Partners 03/08/13 Credit Suisse 03/06/13 Citigroup 03/06/13 Barclays See Street Research during your Free Trial	20 Mar 28 May

MU Micron $39.53 1.12 (2.92%) 08:56 03/18/19 03/18 08:56 03/18/19 08:56 Recommendations	Micron analyst commentary at Morgan Stanley » Morgan Stanley surprised… Morgan Stanley surprised Micron didn't preannounce. Morgan Stanley analyst Joseph Moore said he is "frankly surprised" that Micron did not preannounce its Q2 results given the weakness seen in its markets since the company gave guidance in mid-December and he expects a "tough quarter" when the company reports on Wednesday after the close. The market expectation when the company gave guidance was calendar first quarter server DRAM pricing would be $230, but pricing started the quarter at $200 and has since moved down to currently about $150, Moore noted. The analyst, who thinks the biggest question is how long conditions will continue to deteriorate, doesn't expect to get definitive answers on that this quarter but said that he continues to see "discouraging lead indicators." Moore keeps an Equal Weight rating on Micron shares. 03/08/13 Wedge Partners 03/08/13 Credit Suisse 03/06/13 Citigroup 03/06/13 Barclays See Street Research during your Free Trial	20 Mar 28 May
MU Micron $39.53 1.12 (2.92%) 07:18 03/18/19 03/18 07:18 03/18/19 07:18 Recommendations	Micron analyst commentary at Deutsche Bank » Deutsche expects… Deutsche expects 'soft' guide from Micron on falling DRAM prices. Deutsche Bank analyst Sidney Ho says that while he already cut his fiscal Q2 estimates for Micron Technology, he still sees risk to his numbers as DRAM contract prices "came down sharply" by 17% month-over-month in January and 14% month-over-month in February. The average for the February quarter is tracking down 20% quarter-over-quarter and the calendar Q1 is tracking down 25%-30%, Ho tells investors in a research note. Micron reports Q2 results on March 20. The analyst expects a "soft" guide from the company but keeps a Buy rating on the shares. 03/08/13 Wedge Partners 03/08/13 Credit Suisse 03/06/13 Citigroup 03/06/13 Barclays See Street Research during your Free Trial	20 Mar 28 May

Friday
MU Micron $38.41 -0.4 (-1.03%) , SSNLF Samsung $0.00 (0.00%) 08:27 03/15/19 03/15 08:27 03/15/19 08:27 Recommendations	Micron, Samsung analyst commentary at BofA/Merrill » Micron heading for Q2… Micron heading for Q2 earnings miss, says BofA/MerrillS. BofA/Merrill analyst Simon Woo warns that Micron (MU) may be heading for an earnings miss in Q2 as it suffers from a comparable price decline and margin squeeze that befell Samsung (SSNLF) and Hynix. The analyst models Q2 sequential average selling price declines of 22%-23% vs. 13%-15% prior based on what was learned from Samsung and also believes that Q2 bit growth should also be negative. Woo is keeping his Buy rating and $50 price target on Micron longer term, expecting a "meaningful turnaround" to materialize in the upcoming Q4 with a "double-digit bit growth Q/Q". MU Micron $38.41 -0.4 (-1.03%) SSNLF Samsung $0.00 (0.00%) 03/08/13 Wedge Partners 03/08/13 Credit Suisse 03/06/13 Citigroup 03/06/13 Barclays See Street Research during your Free Trial	20 Mar 28 May
MU Micron $38.41 -0.4 (-1.03%) 07:15 03/15/19 03/15 07:15 03/15/19 07:15 Downgrade	Micron rating change at Cross Research » Micron downgraded to Hold… Micron downgraded to Hold from Buy at Cross Research. Cross Research analyst Steven Fox downgraded Micron to Hold from Buy and cut his FY19 and FY20 EPS estimates mainly to reflect recent DRAM spot price trends, noting that this is the third time in the past six months that he has lowered his earnings expectations. Fox sees DRAM average selling prices suggesting he underestimated the extent of excess DRAM inventories, and probably NAND as well, he tells investors in his downgrade note. Additionally, recent demand in China may put more incremental pressure on EPS than he previously assumed, Fox added. 03/08/13 Wedge Partners 03/08/13 Credit Suisse 03/06/13 Citigroup 03/06/13 Barclays See Street Research during your Free Trial	20 Mar 28 May
MU Micron $38.41 -0.4 (-1.03%) 07:11 03/15/19 03/15 07:11 03/15/19 07:11 Downgrade	Micron rating change at Cross Research » Micron downgraded to Hold… Micron downgraded to Hold from Buy at Cross Research 03/08/13 Wedge Partners 03/08/13 Credit Suisse 03/06/13 Citigroup 03/06/13 Barclays See Street Research during your Free Trial	20 Mar 28 May

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