Fly News Breaks for February 25, 2020
WDC, MU, SMTC, SIMO
Feb 25, 2020 | 07:37 EDT
Cowen analyst Karl Ackerman lowered his estimates on Qorvo (QRVO), Skyworks (SWKS), Silicon Motion (SIMO), and Semech (SMTC) to reflect his best view of current production plans across the smartphone supply chain. The analyst expects Micron (MU) and Western Digital (WDC) to see lower bit growth for the February and March quarters as mobile drags down demand. The analyst said despite the lowering of estimates, the near-term impact of the virus belies a very robust multi-year content story for memory.
News For SIMO;SMTC;MU;WDC From the Last 2 Days
Aug 3, 2021 | 09:03 EDT
Micron Technology announced the immediate availability of Crucial P5 Plus PCIe SSDs as an expansion of its NVMe solid-state drive portfolio to offer high-performance internal Gen4 storage options to consumers. By leveraging Micron's first-to-market volume shipments of 176-layer NAND, Crucial P5 Plus SSDs enable lower power, higher speed, and denser storage solutions. Additionally, Micron's advanced 176L 3D TLC NAND and innovative controller technology, yields up to 66% faster sequential write speeds and nearly double the sequential reads of prior generation Crucial SSDs3.
Aug 3, 2021 | 08:21 EDT
Last night, Micron Technology announced that its board of directors has declared a quarterly dividend of 10c per share of Micron's outstanding common stock. The initial quarterly dividend will be payable in cash on October 18 to shareholders of record as of the close of business on October 1. "Micron's remarkable transformation over the last several years has put the company in an outstanding position, with technology leadership, a robust product portfolio, enhanced profitability, and a strong, investment grade balance sheet. This transformation creates the opportunity today to enhance the value of our capital returns program. Initiating a common stock dividend reflects our confidence in Micron's future and our commitment to creating compelling value for shareholders," said Micron Technology President and CEO Sanjay Mehrotra.