Micron, up 50% this year, could see a huge swing on earnings this week

Release time：2018-03-20
author：Ameya360
source：CNBC
reading：1154

　　Micron's run has been nothing short of miraculous. The stock has surged 50 percent in 2018 and more than 130 percent over the last year.

　　Investors should prepare for some bigger swings from the stock when it reports earnings on Thursday, says Susquehanna derivative strategistStacey Gilbert.

　　Some extra volatility and risk are being priced into this quarter, said Gilbert. Here's what she said investors should look out for.

  • The options market is implying a 9 percent move in either direction when Micron reports, higher than the typical 6 percent move in the previous four quarters. Micron added 4 percent the day after it reported first-quarter earnings in December.

  • It looks as though there is more volatility being priced into this earnings report, but relative to its performance over the past 12 months and in the year to date, trading on Micron remains bullish.

  • Investors are probably using options to gain exposure or protect recent gains. Micron shares have already gained 47 percent this year.

  • Micron remains attractive to Susquehanna largely because of its shift from a commodity-type company to a focus on storage for cloud infrastructure.

（"Note: The information presented in this article is gathered from the internet and is provided as a reference for educational purposes. It does not signify the endorsement or standpoint of our website. If you find any content that violates copyright or intellectual property rights, please inform us for prompt removal."）

Previous：New Raspberry Pi Improves Processing, Connectivity

Next：EMEA Purpose-Built Backup Appliance Market Declined in 4Q17

Online messageinquiry

reading
Micron to buy-out Intel's IM Flash
Trade news

Micron to buy-out Intel's IM Flash

　　Micron Technology has announced that it is exercising its right to purchase Intel’s interest in their joint venture, IM Flash Technologies (IM Flash).　　This comes after the announcement that was made back in July 2018 that the two companies had agreed to conclude their joint development of 3D XPoint technology after the completion of the second-generation node.　　"The IM Flash acquisition will enable Micron to accelerate our R&D and optimise our manufacturing plan for 3D XPoint,” said Micron Technology President and CEO Sanjay Mehrotra. “The Utah-based facility provides us with the manufacturing flexibility and highly skilled talent to drive 3D XPoint development and innovation, and to deliver on our emerging technology roadmap.”　　Micron anticipates that the pending acquisition will have no meaningful impact on its financial results and said that it saw no changes to the company’s fiscal 2019 capital expenditures or long-term capital expenditure target.　　Micron said that it expects to pay approximately $1.5billion in cash for the transaction.
2019-01-16 00:00 reading：1173
Micron Sees Weak Market Ahead
Trade news

Micron Sees Weak Market Ahead

Over the past few weeks, signs have increasingly signaled that the two-year boom in memory chip sales is grinding to a halt. Now, U.S. memory chipmaker Micron Technology has provided more indications that a bust cycle is at hand.Micron reported on Tuesday quarterly sales and earnings at the low end of Wall Street estimates but said that it expects revenue to decline significantly in the current quarter due to “weak near-term supply-demand dynamics.”However, Micron executives characterized these dynamics as a short-term bump in the road en route to continued expansion in the second half of next year. Some memory market watchers believe that a memory downturn is likely to last significantly longer.Sanjay Mehrotra, Micron’s president and CEO, told analysts on a conference call following the quarterly report that the downbeat forecast is primarily related to a glut of inventory in the supply chain.“We’re just going through an air pocket here related to primarily inventory adjustments as well as some seasonal, weak mobile demand — including mobile demand” he said.While Micron is implementing some cost control measures such as cutting back on capital spending, said Mehotra, he expects 2019 to be a profitable year for the company. “Micron is better-positioned than ever before to win in this environment with our strong balance sheet and the structural improvements we have made to our operating model in the past several years.”“He’s certainly still giving a very bullish outlook,” said Jim Handy, principal at Objective Analysis, of Mehotra’s view. “He’s looking to trim capital spending now to take care of things late in 2019. My understanding of how the market works is that anything you do now to capital spending isn’t going to have an impact for two years.”Handy used the familiar metaphor of trying to turn around an aircraft carrier to compare to a memory chip company steering through a downturn. “What Micron is doing is turning the steering wheel now with the hopes that the ship will turn by the end of 2019, but it’s really not going to have an impact until later,” he said.Micron’s sales for the quarter ended Nov. 30 totaled $7.91 billion, up 16% year over year but down 5% from the previous quarter. The company’s quarterly net income totaled $3.29 billion, up 23% from the year-ago quarter but down 24% compared to the previous quarter.For the current quarter, Micron expects sales to fall to between $5.7 billion to $6.3 billion, well below the $7.34 billion average of analysts’ estimates, according to Yahoo Finance.
2018-12-20 00:00 reading：1681
Micron collaborates with premium German automaker to advance automotive memory technologies
Trade news

Micron collaborates with premium German automaker to advance automotive memory technologies

Micron Technology, Inc., (Nasdaq: MU) today announced at Electronica 2018 that it will collaborate with the BMW Group to further advance the development of automotive memory solutions used in vehicles. Memory and storage are key components in accelerating the intelligence and user experience of next-generation systems in vehicles, including in-cabin infotainment as well as advanced driver-assistance systems (ADAS) technology, which together play an important role in making self-driving autonomous cars a reality.Micron and the BMW Group will intensify their existing efforts toward testing and development of automotive memory solutions at Micron’s state-of-the-art lab in Munich, Germany. Using the Test Automation Framework of the BMW Group as a car emulator platform, the two companies will work together to define and validate memory and storage solutions for next-generation platforms. The collaborative effort will leverage Micron’s memory and storage technology expertise, along with its broad portfolio of DRAM, NAND, and NOR technologies, including LPDRAM, e.MMC, UFS and SSD storage solutions.As a proven memory partner for automotive manufacturers, Micron recognizes the importance of validating and testing new automotive memory technologies for robustness and reliability before releasing them into the market. Micron’s customer lab expertise in developing innovative automotive memory technologies will enable the BMW Group to raise the quality of the driving experience in automobiles of the future.“The incorporation of new features and capabilities in advanced in-vehicle infotainment (IVI) and ADAS, such as voice recognition, hand gesturing and image recognition, are driving an explosive growth in both volatile and nonvolatile memory embedded in vehicles, accelerating intelligence at the edge,” said Giorgio Scuro, vice president of Micron’s automotive division. “Micron has a long-standing record working with automotive industry partners, and this joint initiative with the BMW Group is a testament to our expertise in bringing innovative automotive memory technologies to market.”As a leading memory partner with more than 25 years of experience, Micron provides advanced automotive memory solutions that meet stringent quality, reliability and compliance requirements. Micron’s broad portfolio of volatile and nonvolatile memory products are optimized for automotive and supported by a formal product longevity program.
2018-11-15 00:00 reading：1331
Micron Opens Backend Factory in Taichung Aiming 3D memory Market
Trade news

Micron Opens Backend Factory in Taichung Aiming 3D memory Market

Major memory manufacturer Micron on October 26 held an opening ceremony for their backend packaging and testing plant in Taichung. With the opening of this factory, Micron Taiwan will be the world’s only memory vertical integration production base with both manufacturing and testing, and the main target product will be 3D memory, which is currently in high demand.Micron Executive Vice President of Global Operations Manish Bhatia stated that following the opening of the backend packaging and testing plant in Taichung, Micron will be capable of responding to customer’s needs more rapidly, and the production cycle will be shortened. At the same time, they will also focus on more valuable and advanced products.Currently, the hottest product in the memory market is 3D NAND flash memory, and mass shipments of Micron’s 64-layer products are underway .The latest 96-layer NAND flash memory products will also go into mass production in the second half of this year. As a result, Micron is upgrading their production capacity for related products, and this will be the key for Micron to increase their profitability.Taiwan Micron Vice President Liang Ming-cheng pointed out that 3D memory that utilizes TSV technology has specialized processing specifications, and there is no general-purpose equipment. All of the packaging and testing equipment has been independently developed by Micron; therefore, it cannot be outsourced. In the future after the new packaging and testing center begins to be utilized, it will be of assistance in expanding production capacity for 3D memory.Following the movement from semiconductor manufacturing to 3D architecture, integrated manufacturing and testing of high-end ICs has become the main trend by and large. For instance, TSMC is continually expanding and increasing their technological capabilities in the domain of packaging and testing and Micron has established their own vertical production line which integrates manufacturing with packaging and testing, which is further evidence of this trend.Hence it will be worth paying attention to whether or not this technology will bring about changes in the current semiconductor industry chain.
2018-11-01 00:00 reading：1169
Popular categories
Boxes, Enclosures, Racks Cables, Wires Circuit Protection Connectors, Interconnects Development Kits Electromechanical Embedded Solutions Fans, Thermal Management Optoelectronics Others Passive Components Power Semiconductors Sensors, Transducers Test and Measurement
  • Week of hot material
  • Material in short supply seckilling
model brand Quote
BD71847AMWV-E2 ROHM Semiconductor
CDZVT2R20B ROHM Semiconductor
MC33074DR2G onsemi
TL431ACLPR Texas Instruments
RB751G-40T2R ROHM Semiconductor
model brand To snap up
TPS63050YFFR Texas Instruments
ESR03EZPJ151 ROHM Semiconductor
IPZ40N04S5L4R8ATMA1 Infineon Technologies
BU33JA2MNVX-CTL ROHM Semiconductor
BP3621 ROHM Semiconductor
STM32F429IGT6 STMicroelectronics
Hot labels
ROHM
IC
Averlogic
Intel
Samsung
IoT
AI
Sensor
Chip
Original authorized brand
More Licensed Brands>>
Information leaderboard
  • Week of ranking
  • Month ranking

About us

Qr code of ameya360 official account

Identify TWO-DIMENSIONAL code, you can pay attention to

AMEYA360 weixin Service Account AMEYA360 weixin Service Account
AMEYA360 mall (www.ameya360.com) was launched in 2011. Now there are more than 3,500 high-quality suppliers, including 6 million product model data, and more than 1 million component stocks for purchase. Products cover MCU+ memory + power chip +IGBT+MOS tube + op amp + RF Bluetooth + sensor + resistor capacitance inductor + connector and other fields. main business of platform covers spot sales of electronic components, BOM distribution and product supporting materials, providing one-stop purchasing and sales services for our customers.

Please enter the verification code in the image below：

verification code