MU News and Press, Micron Technology Inc. From 04/24/23

2023-04-24 16:18:56 ET Summary Micron's revenue has dropped by 26% over the last year. Despite a big write-off of $1.4 billion, Micron's inventory is still 50% higher than last year. The quant rating has gone from a Strong Buy to a Hold in the last 9 months while analysts have...

2023-04-24 13:00:17 ET AMD ( NASDAQ: AMD ) and Intel ( NASDAQ: INTC ) were among the leading decliners in the semiconductor sector on Monday as investors waited for earnings season to kick into high gear. Intel ( INTC ) shares fell 1.7% after a widely watched ana...

2023-04-23 07:30:00 ET The bear market of 2022 was unkind to tech stocks, and semiconductor companies in particular took an extreme beating. Just as the global chip shortage was coming to an end, consumers started tapping the brakes on purchases of smartphones and PCs. Chip designers and ma...

2023-04-22 04:45:00 ET Summary ClearBridge is a leading global asset manager committed to active management. Research-based stock selection guides our investment approach, with our strategies reflecting the highest-conviction ideas of our portfolio managers. The Strategy outperfor...

2023-04-20 12:05:59 ET Summary Cirrus' June revenue might be lower than in June 2022. Revenue for September and beyond might be significantly higher year-over-year even without the new touch haptics device. With any kind of stable economy, Cirrus might report $8.5 or greater e...

2023-04-20 11:39:45 ET Micron Technology ( NASDAQ: MU ) shares rose nearly 1% in early trading on Thursday as the memory chip maker reached a deal with the Department of Justice over a claim that it violated law by discriminating against a U.S. citizen. In a statement ...

2023-04-20 10:00:00 ET Summary A lot has happened since our last note on Micron; reports of weaker data center capex spending, the CAC announcing its investigation, and Samsung pledging to cut memory chip production. We remain buy-rated on Micron as we believe the memory market de...

2023-04-20 05:43:29 ET U.S. chipmakers traded lower in Thursday's premarket hours after Taiwan Semiconductor ( NYSE: TSM ) issued a disappointing revenue forecast for the current quarter. The Taiwanese chipmaker expects revenue of $15.2B to $16B for the second quarter ending Jun...

2023-04-19 13:25:29 ET Summary Despite the double misses in the FQ2'23 earnings call and underwhelming FQ3'23 guidance, MU stock has maintained its overly optimistic support levels. We reckon there is a reduced margin of safety at these levels, since 2023 may be an uglier year tha...

2023-04-18 12:19:48 ET Lawmakers from the European Union confirmed on Tuesday that they had passed the 45B€ ($47B) Chips Act, finalizing recent discussions to help the 27-country bloc better compete with the U.S. and Asia. It was reported last week that a finalized d...