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Wall Street Remains Bullish On Micron
Thursday, March 21, 2019 - 10:40am | 707Micron Technology, Inc. (NASDAQ: MU) shares traded higher by 9 percent Thursday after the chipmaker reported second-quarter earnings and revenue beats. The results were a pleasant surprise for investors concerned about the impact of a memory supply glut glut driven by a softening global smartphone...
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Analysts Shrug Off Applied Material's Weak Q2 Guidance; RBC Says Sector Bottom Likely In 3-4 Months
Friday, February 15, 2019 - 12:25pm | 830Applied Materials, Inc. (NASDAQ: AMAT) reported Thursday after the market close with forecast-beating fiscal first-quarter results and weak Q2 guidance. The Analysts Morgan Stanley analyst Joseph Moore maintained an Equal-weight rating and $40 price target for Applied Materials shares...
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Analysts Weigh In On AMD Earnings Relief Rally
Wednesday, January 30, 2019 - 2:07pm | 739Advanced Micro Devices, Inc. (NASDAQ: AMD) stock jumped by more than 15 percent Wednesday after the company reported in-line earnings per share numbers in a difficult semiconductor environment. AMD’s Q4 revenue and Q1 guidance were both slightly below Wall Street consensus estimates, but...
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Intel Analysts Debate: Should Investors Buy The Dip?
Friday, January 25, 2019 - 10:20am | 892Intel Corporation (NASDAQ: INTC) reported mixed fourth-quarter results, which fell short of expectations on the revenue line while management's first-quarter revenue guidance also fell short of expectations. Here is a summary of how some of the Street's top analysts reacted to the print....
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KeyBanc Sees 'Significant Runway' For AMD In Cloud Data Processors
Monday, November 26, 2018 - 4:05pm | 544Following Advanced Micro Devices, Inc. (NASDAQ: AMD)’s announcement surrounding the availability on both Amazon.com, Inc. (NASDAQ: AMZN)’s Amazon Web Services and Microsoft Corp. (NASDAQ: MSFT)’s Azure, the company’s instance count is expected to accelerate, according...
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Analysts React After AMD Product Launch, See 'Real And Compelling' Market Share Opportunity
Wednesday, November 7, 2018 - 3:08pm | 410Advanced Micro Devices, Inc. (NASDAQ: AMD) shares received a much-needed boost in the wake of a post-earnings sell-off courtesy of the chipmaker's "Next Horizon" product announcement event. The Analysts KeyBanc Capital Markets analyst Weston Twigg maintained a Sector Weight rating on...
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Sell-Side Guarded On Intel Despite Beat-And-Raise Quarter: 'Cycle Risk A Deterrent'
Friday, October 26, 2018 - 12:41pm | 837Intel Corporation (NASDAQ: INTC) seems to have allayed the Street's fears with a top- and bottom-line beat in Q3, as well as a positive guidance reset. The Analysts Oppenheimer analyst Rick Schafer maintained a Perform rating on Intel shares. BMO Capital Markets analyst Ambarish...
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Analysts Look For Silver Lining In AMD's Q3 Print
Thursday, October 25, 2018 - 11:51am | 563Advanced Micro Devices, Inc. (NASDAQ: AMD) is getting crushed Thursday following a disappointing third-quarter earnings report. Earnings of 13 cents per share beat estimates by a penny, while sales of $1.65 billion missed estimates. AMD sees Q4 sales of $1.4 billion to $1.5 billion, which also fell...
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Analysts: Micron's Buyout of Joint Flash Venture With Intel A Long-Term Positive
Friday, October 19, 2018 - 12:12pm | 728Micron Technology, Inc. (NASDAQ: MU) announced its intention Thursday to buy out partner Intel Corporation (NASDAQ: INTC)'s stake in their IM Flash Technologies joint venture by agreeing to pay $1.5 billion in cash when the transaction closes. Micron can begin to exercise the call...
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KeyBanc Starts Coverage On 10 Semiconductor Stocks, Downgrades Cypress Semi
Tuesday, September 25, 2018 - 11:16am | 835Some of the hottest stocks in the market in recent years have come from the semiconductor space. KeyBanc analyst Weston Twigg on Tuesday initiated coverage on 10 popular semiconductor stocks and downgraded another, but his across-the-board Sector Perform ratings suggest he’s not particularly...
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Wall Street Reacts To Applied Materials' Quarter
Friday, August 17, 2018 - 12:13pm | 478Applied Materials, Inc. (NASDAQ: AMAT) shares were tumbling Friday following a disappointing earnings report. Here's what several Wall Street analysts had to say. Foundry Woes Memory and foundry uncertainty have clouded the near-term outlook for Applied Materials, Stifel analyst Patrick Ho...
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What Wall Street Thinks Of Micron's Investor Day
Tuesday, May 22, 2018 - 12:21pm | 527The market certainly seemed to like what it heard from Micron Technology, Inc. (NASDAQ: MU) during its investor day event, sending the stock higher by more than 7 percent on Tuesday. Several Wall Street analysts have weighed in on Micron following the event. Here’s a rundown of what they had...
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Wall Street Analysts Remain Bullish On Micron
Friday, March 23, 2018 - 1:00pm | 571Micron Technology, Inc. (NASDAQ: MU), despite a top and bottom line Q2 earnings beat, couldn't live up to lofy earnings expectations, and the stock is trading down by more than 7 percent Friday. Here’s a rundown of what a handful of Wall Street analysts have to say about Micron’s...
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KeyBanc: Cloud Providers Fuel Micron's Strong Q2
Friday, March 23, 2018 - 9:39am | 462Micron Technology, Inc. (NASDAQ: MU) reported forecast-beating non-GAAP earnings per share and revenues for its fiscal 2018 second quarter after the close Thursday. The Analyst KeyBanc Capital Markets analyst Weston Twigg maintained an Overweight on Micron and increased the price target...
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Micron Lifts Q2 Guidance; KeyBanc Says Stock Is A Value Among Peers
Tuesday, February 6, 2018 - 11:42am | 393Micron Technology, Inc. (NASDAQ: MU)'s fiscal second-quarter earnings preview Monday signals that the stock is "too inexpensive to ignore," according to KeyBanc Capital Markets. The Analyst KeyBanc analyst Weston Twigg upgraded Micron Technology's stock rating from Sector...