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Best Website To Watch Stock Prices - MGM Resorts International (NYSE: MGM) Upgraded to Outperform by Credit Suisse
30-12-2023
Best Website To Watch Stock Prices - MGM Resorts International (NYSE: MGM) Upgraded to Outperform by Credit Suisse
MGM Resorts International ( NYSE: MGM) stock rose 0.082% (As on Oct 13, 12:32:09 AM UTC-4, Source: Google Finance) after Credit Suisse upgraded the casino stock to outperform from neutral. The firm said MGM’s new operations and solid cash flow should make the stock attractive to investors. According to broking firm, “MGM has gone through a transformation, recently announcing four transactions, and they believe the market is not giving full credit. According to Credit Suisse Group analyst Benjamin Chaiken, MGM was hit hard by the pandemic, but the company has come out of the downturn aggressively and has acquired new properties. The company has announced four transactions in recent months, including a $1.6 billion deal to acquire the Cosmopolitan resort in Las Vegas from Blackstone. Analyst Chaiken calls MGM a cleaner, more simplified organization with an attractive capital structure, saying it is set up well to beat earnings expectations. The Cosmopolitan is designed for millennials, and should be a nice complement to MGM’s existing Las Vegas properties, including the Bellagio and the Aria, which are designed to cater to the 40 and older crowd. Moreover, the company has delivered a strong second quarter, driven by robust demand and productivity efforts across the domestic portfolio. The Las Vegas Strip and Regional Operations Adjusted Property EBITDAR margins reached all-time records and the Regional Operations also delivered an all-time quarterly record in Adjusted Property EBITDAR. The U.S. sports betting and iGaming venture, BetMGM, continues to outperform as the number two operator nationwide. The company has also recently announced several strategic transactions that furthered our goal of becoming a more streamlined, focused organization with stronger liquidity. The company continued to advance that goal today with the announced agreement with VICI and MGM Growth Properties to monetize the MGP Operating Partnership units for $4.4 billion in cash. For the second quarter of 2021, the company has reported consolidated net revenues of $2.3 billion, an increase of 683% compared to the prior year quarter. The company delivered Consolidated operating income was $264 million compared to consolidated operating loss of $1.0 billion in the prior year quarter. The company has reported Net income attributable to MGM Resorts of $105 million compared to net loss attributable to MGM Resorts of $857 million in the prior year quarter. Cash and cash equivalents balance as of June 30, 2021 was $5.6 billion, which included $298 million at the MGP Operating Partnership and $331 million at MGM China. SOURCE : https://tradertalks-net.translate.goog/s/13000?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp
Best Website To Watch Stock Prices - Michael Kors Holdings Ltd (NYSE: KORS) stock crashes on flat comparable sales
30-12-2023
Best Website To Watch Stock Prices - Michael Kors Holdings Ltd (NYSE: KORS) stock crashes on flat comparable sales
Michael Kors Holdings Ltd (NYSE: KORS) stock fell 12.8% on May 30th, 2018 (As of 2:25 PM GMT-4 ; Source: Google finance) even though the company reported better than expected results. In the fourth quarter, KORS has begun investments in the Jimmy Choo brand to lay the foundation for accelerated long term growth. The company has made significant progress on the Michael Kors Runway 2020 strategic plan. The company’s comparable sales increased 2.3%, due to the strong response to innovative and elevated fashion luxury offering across accessories, footwear, ready-to-wear and men’s categories. Further, KORS has launched KORSVIP loyalty program, with enrollment well ahead of initial expectations. The company has transitioned additional store locations to new luxury concept and are pleased with the recent results at renovated stores, which are outperforming the balance of the chain The company in the fourth quarter of FY 18 has reported the adjusted earnings per share of $0.63, beating the analysts’ estimates for the adjusted earnings per share of $0.60. The company had reported the adjusted revenue growth of 10.8 percent to $1.18 billion in the fourth quarter of FY 18, beating the analysts’ estimates for revenue of $1.15 billion. For the first quarter of FY19, KORS expects total revenue to be approximately $1.135 billion, including between $140 million and $145 million of incremental Jimmy Choo revenue. Comparable sales for KORS are expected to be approximately flat. The company expects operating margin to be approximately 15.2%. Diluted earnings per share are expected to be in the range of $0.90 to $0.95, including anticipated benefit from Jimmy Choo of approximately $0.01 to $0.03. This assumes approximately 153 million weighted average diluted shares outstanding and a tax rate of approximately 14.0%. The analysts are expecting earnings per share of $0.88 and the revenue of $1.09 billion for the first quarter of FY 19. For FY 19, the company expects total revenue to be approximately $5.10 billion, including between $570 million and $580 million of incremental Jimmy Choo revenue. Comparable sales for Michael Kors are expected to be approximately flat. The Company expects operating margin to be approximately 17.7%. Diluted earnings per share are expected to be in the range of $4.65 to $4.75, including dilution from Jimmy Choo of approximately $0.05 to $0.10. This assumes approximately 154 million weighted average diluted shares outstanding and a tax rate of approximately 16.5%. The analysts are expecting earnings per share of $4.74 and the revenue of $5.01 billion for the full year 2019. SOURCE : https://tradertalks-net.translate.goog/s/12999?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp
Best Website To Watch Stock Prices - Michael Kors Holdings Ltd (NYSE: KORS) stock loses to bears on weak top line
30-12-2023
Best Website To Watch Stock Prices - Michael Kors Holdings Ltd (NYSE: KORS) stock loses to bears on weak top line
Michael Kors Holdings Ltd (NYSE: KORS),  has turned to a fourth-quarter loss in the fourth quarter of FY 17  which has fallen more than 10 percent to $32.69, the group’s lowest in more than five years. KORS, like other brick-and-mortar retailers, has been facing slowing sales as more customers shop online and spend less on apparel. The once hugely popular brand had posted double-digit sales growth until 2014, helped by the runaway success of its $300 bags. Afterwards, its efforts to rapidly expand in North America in a bid to sustain sales growth made its handbags too commonplace for fashion-conscious women and consequently led to declining sales. KORS has said it would shut more than 100 full-price retail stores in the next two years as the upmarket fashion retailer struggles to turn around its brand. Michael Kors in the fourth quarter of FY 17 has reported the adjusted earnings per share of 73 cents, beating the analysts’ estimates for the adjusted earnings per share of 70 cents. The company had reported that the adjusted revenue fell 11.2 percent to $1.06 billion in the fourth quarter of FY 17. KORS Michael Kors’ comparable-store sales fell 14.1 percent in the quarter, which is below the analysts’ estimate of 13.4 percent, as per the research firm Consensus Metrix. As a result, the stock lost its momentum this morning and lost over 9.8% (As of 12:45PM EDT on May 31st, 2017; Source: Google finance) For the first quarter of fiscal 2018, the company expects the total revenue to be between $910 million and $930 million, and comparable sales decrease in the high-single digit range. The diluted earnings per share are expected to be in the range of 60 cents to 64 cents. Analysts had expected the firm the revenues of $950 million and diluted earnings per share of 75 cents. For the full year 2018, the company expects the total revenue to be about $4.25 billion and for comparable sales to decrease in the high-single digit range. The diluted earnings per share in FY 18 are expected to be in the range of $3.57 to $3.67. Michael Kors stock has fallen 13.21% in the last one year (source: Google Finance). According to tipranks.com, 6 analysts has covered the stock while recommending a “Hold”. KORS has an average price target of $42.83, which is a further upside of 18.09%. SOURCE : https://tradertalks-net.translate.goog/s/12997?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp
Best Website To Watch Stock Prices - Michael Kors Holdings Ltd (NYSE: KORS) stock loses to bears on weak top line
30-12-2023
Best Website To Watch Stock Prices - Michael Kors Holdings Ltd (NYSE: KORS) stock loses to bears on weak top line
Michael Kors Holdings Ltd (NYSE: KORS),  has turned to a fourth-quarter loss in the fourth quarter of FY 17  which has fallen more than 10 percent to $32.69, the group’s lowest in more than five years. KORS, like other brick-and-mortar retailers, has been facing slowing sales as more customers shop online and spend less on apparel. The once hugely popular brand had posted double-digit sales growth until 2014, helped by the runaway success of its $300 bags. Afterwards, its efforts to rapidly expand in North America in a bid to sustain sales growth made its handbags too commonplace for fashion-conscious women and consequently led to declining sales. KORS has said it would shut more than 100 full-price retail stores in the next two years as the upmarket fashion retailer struggles to turn around its brand. Michael Kors in the fourth quarter of FY 17 has reported the adjusted earnings per share of 73 cents, beating the analysts’ estimates for the adjusted earnings per share of 70 cents. The company had reported that the adjusted revenue fell 11.2 percent to $1.06 billion in the fourth quarter of FY 17. KORS Michael Kors’ comparable-store sales fell 14.1 percent in the quarter, which is below the analysts’ estimate of 13.4 percent, as per the research firm Consensus Metrix. As a result, the stock lost its momentum this morning and lost over 9.8% (As of 12:45PM EDT on May 31st, 2017; Source: Google finance) For the first quarter of fiscal 2018, the company expects the total revenue to be between $910 million and $930 million, and comparable sales decrease in the high-single digit range. The diluted earnings per share are expected to be in the range of 60 cents to 64 cents. Analysts had expected the firm the revenues of $950 million and diluted earnings per share of 75 cents. For the full year 2018, the company expects the total revenue to be about $4.25 billion and for comparable sales to decrease in the high-single digit range. The diluted earnings per share in FY 18 are expected to be in the range of $3.57 to $3.67. Michael Kors stock has fallen 13.21% in the last one year (source: Google Finance). According to tipranks.com, 6 analysts has covered the stock while recommending a “Hold”. KORS has an average price target of $42.83, which is a further upside of 18.09%. SOURCE : https://tradertalks-net.translate.goog/s/12998?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp
Best Website To Watch Stock Prices - Why Michaels Companies Inc (NASDAQ: MIK) stock is crashing
30-12-2023
Best Website To Watch Stock Prices - Why Michaels Companies Inc (NASDAQ: MIK) stock is crashing
Michaels Companies Inc (NASDAQ: MIK) stock lost over 17.5% on 14 Jun, (as of 11:57 AM GMT-4; Source: Google finance). Net sales fell on the back of the closure of all 94 full-size Aaron Brothers stores in the first quarter of FY18. Comparable store sales increased 0.4% (flat on a constant currency basis) due to an increase in average ticket, partially offset by a decrease in customer transactions.   The company has reported net income of $26.9 million for the first quarter 2018, compared to $72.2 million in the first quarter of FY 17. Excluding the $47.5 million one-time restructuring charge, $0.2 million of income from Aaron Brothers operations prior to closure, and $8.1 million of provisional adjustments related to the Tax Act, adjusted net income for the first quarter of FY18 is $70.9 million. MIK in the first quarter of FY 18 has reported the adjusted earnings per share of 39 cents, while adjusted revenue was $1.16 billion in the first quarter of FY 18 compared to $1,158.6 million in the first quarter of FY17. During the quarter, MIK opened six new Michaels stores, closed one Michaels store, and relocated nine Michaels stores. At the end of the first quarter, MIK operated 1,243 Michaels stores, 3 Aaron Brothers stores and 36 Pat Catan’s stores. For FY18, MIK expect the net sales to be in the range between $5,217 million and $5,293 million and the comparable store sales is expected to increase between 0% and 1.5%. During FY 18, the company has planned to open 19 new Michaels stores and relocate 17 Michaels stores. The company expects adjusted operating income to be in the range of $677 million to $710 million, net interest expense will be approximately $144 million and the effective tax rate will be approximately 24%. For FY 18, the adjusted diluted earnings per common share is expected to be between $2.19 and $2.32, based on diluted weighted average common shares of approximately 185 million and capital expenditures is expected to be between $160 million and $170 million. For the second quarter of FY18, the company expects the comparable store sales to be approximately flat and has planned to open six new Michaels stores and relocate eight Michaels stores. In Q2 2018, the adjusted operating income is expected to be between $65 million and $70 million, net interest expense will be approximately $37 million, the effective tax rate will be approximately 24% and adjusted diluted earnings per common share is expected to be between $0.12 and $0.14. SOURCE : https://tradertalks-net.translate.goog/s/12996?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp
Best Website To Watch Stock Prices - Why Michaels Companies Inc (NASDAQ: MIK) stock is going gangbusters today
30-12-2023
Best Website To Watch Stock Prices - Why Michaels Companies Inc (NASDAQ: MIK) stock is going gangbusters today
Michaels Companies Inc (NASDAQ: MIK) stock surged over 13.5% today (as of 12:56 PM GMT-5; Source: Google finance) driven by their solid third quarter performance. The group reported a Net sales rise of 1.1% to $1,240.2 million, aas compared to $1,227.2 million in the third quarter of fiscal 2016, despite including $10 million in lost sales related to Hurricanes Harvey and Irma. Comparable store sales (0.5% on a constant currency basis) rise of 1.0% coupled with sales from the operation of 16 new Michaels stores (net of closures) in fiscal 2017 drove the performance. Excluding the impact of the hurricanes, the group is witnessing solid momentum in their business, and customer’s response to the group’s improvements efforts at in-stores and online. The group expects their holiday assortment to be bigger and better than ever in the fourth quarter. Michaels Companies opened eight new Michaels stores and one new Pat Catan’s store during the quarter but closed one Michaels store and three Aaron Brothers stores Total merchandise inventory at the end of the third quarter reached $1,404.2 million from $1,394.1 million in the third quarter of fiscal 2016. Average Michaels inventory on a per store basis, inclusive of distribution centers, in transit and inventory for the Company’s e-commerce site, fell 1.2% to $1,028,000, against  $1,040,000 at the end of the third quarter of fiscal 2016. Gross profit enhanced 3.8% to $484.1 million, against $466.6 million in pcp driven by better merchandise margin leading to their ongoing sourcing initiatives, the timing of distribution-related costs.   The group forecasts a overall net sales growth of 2.9% to 3.2%, or 2.7% to 3.0% on a constant currency basis for fiscal year of 2017 while comparable store sales are expected to rise in the range of 0.6% to 0.9%, or 0.4% to 0.7% on a constant currency basis; They are aiming to open 18 new stores, including 17 new Michaels stores and one new Pat Catan’s store in FY17 while relocating 12 Michaels stores; and close 17 stores, including 15 Aaron Brothers stores and two Michaels stores. For the fourth quarter of fiscal 2017, they forecasted comparable store sales rise in the range of 1.5% to 2.5%, or 1.0% to 2.0% on a constant currency basis; SOURCE : https://tradertalks-net.translate.goog/s/12994?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp
Best Website To Watch Stock Prices - Why Michaels Companies Inc (NASDAQ: MIK) stock is going gangbusters today
30-12-2023
Best Website To Watch Stock Prices - Why Michaels Companies Inc (NASDAQ: MIK) stock is going gangbusters today
Michaels Companies Inc (NASDAQ: MIK) stock surged over 13.5% today (as of 12:56 PM GMT-5; Source: Google finance) driven by their solid third quarter performance. The group reported a Net sales rise of 1.1% to $1,240.2 million, aas compared to $1,227.2 million in the third quarter of fiscal 2016, despite including $10 million in lost sales related to Hurricanes Harvey and Irma. Comparable store sales (0.5% on a constant currency basis) rise of 1.0% coupled with sales from the operation of 16 new Michaels stores (net of closures) in fiscal 2017 drove the performance. Excluding the impact of the hurricanes, the group is witnessing solid momentum in their business, and customer’s response to the group’s improvements efforts at in-stores and online. The group expects their holiday assortment to be bigger and better than ever in the fourth quarter. Michaels Companies opened eight new Michaels stores and one new Pat Catan’s store during the quarter but closed one Michaels store and three Aaron Brothers stores Total merchandise inventory at the end of the third quarter reached $1,404.2 million from $1,394.1 million in the third quarter of fiscal 2016. Average Michaels inventory on a per store basis, inclusive of distribution centers, in transit and inventory for the Company’s e-commerce site, fell 1.2% to $1,028,000, against  $1,040,000 at the end of the third quarter of fiscal 2016. Gross profit enhanced 3.8% to $484.1 million, against $466.6 million in pcp driven by better merchandise margin leading to their ongoing sourcing initiatives, the timing of distribution-related costs.   The group forecasts a overall net sales growth of 2.9% to 3.2%, or 2.7% to 3.0% on a constant currency basis for fiscal year of 2017 while comparable store sales are expected to rise in the range of 0.6% to 0.9%, or 0.4% to 0.7% on a constant currency basis; They are aiming to open 18 new stores, including 17 new Michaels stores and one new Pat Catan’s store in FY17 while relocating 12 Michaels stores; and close 17 stores, including 15 Aaron Brothers stores and two Michaels stores. For the fourth quarter of fiscal 2017, they forecasted comparable store sales rise in the range of 1.5% to 2.5%, or 1.0% to 2.0% on a constant currency basis; SOURCE : https://tradertalks-net.translate.goog/s/12995?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp
Best Website To Watch Stock Prices - Microchip Technology Inc. (NASDAQ:MCHP) Beats Market Expectations
30-12-2023
Best Website To Watch Stock Prices - Microchip Technology Inc. (NASDAQ:MCHP) Beats Market Expectations
Microchip Technology Inc. (NASDAQ:MCHP) stock rose 3.46% (As on May 10, 11:23:36 AM UTC-4, Source: Google Finance) after the company posted better than expected results for the fourth quarter of FY 22. Non-GAAP net income for the fourth quarter of fiscal 2022 was a record at $764.6 million, up from non-GAAP net income of $521.4 million, in the prior year’s fourth fiscal quarter. On a Non-GAAP basis the company has delivered record gross margin of 66.6% and record operating income of $824.9 million. Overall the business conditions remained very strong in the March quarter with high levels of bookings and record backlog for product to be shipped over multiple quarters, accentuated by the Preferred Supply Program, which continues to be greater than 50% of the aggregate backlog and more than 100% of the backlog in the most constrained capacity areas. Based on the magnitude of the demand-supply imbalance, the size of the non-cancellable backlog, the rate at which new backlog continues to come in, and the pace at which the company can bring new capacity online, the company expects to remain supply-constrained throughout 2022 and into 2023. MCHP in the fourth quarter of FY 22 has reported the adjusted earnings per share of $1.35, beating the analysts’ estimates for the adjusted earnings per share of $1.25, according to the Zacks Consensus Estimate. The company had reported the adjusted revenue growth of 25.7 percent to $1.84 billion in the fourth quarter of FY 22, beating the analysts’ estimates for revenue by 1.33%. Additionally, the company has declared a record quarterly cash dividend on its common stock of 27.6 cents per share, up 9.1% from the cash dividend paid last quarter and up 33.7% from the year ago quarter. The quarterly dividend is payable on June 3, 2022 to stockholders of record on May 20, 2022. The company is targeting $348.2 million return to shareholders in the June quarter via dividends and share repurchases. The company has repurchased approximately $259.6 million, or 3.6 million shares, during the March 2022 quarter under the previously announced $4.0 billion stock buyback program. The company has paid down $205.9 million of debt in the March 2022 quarter. Cumulatively the company has paid down $4.98 billion of debt over the last 15 quarters. The company has commenced a more active capital return strategy during the year, which was further enhanced during the second half of the fiscal year with the addition of a programmatic stock buyback program. The company has generated record cash flow from operations of $747.7 million. SOURCE : https://tradertalks-net.translate.goog/s/12993?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp
Best Website To Watch Stock Prices - Why Microchip Technology Inc. (NASDAQ: MCHP) stock is going gangbusters today
30-12-2023
Best Website To Watch Stock Prices - Why Microchip Technology Inc. (NASDAQ: MCHP) stock is going gangbusters today
Microchip Technology Inc. (NASDAQ: MCHP) stock rose over 8.5% on Feb 6th, 2019 (As of  10:29 am GMT-5; Source: Google finance) after the company posted better than expected results for the third quarter of FY 19. MCHP has reported the Non-GAAP net income for the third quarter of fiscal 2019 of $405.6 million, up 18.9% from non-GAAP net income of $341.2 million, in the prior year’s third fiscal quarter. Furthermore, the cash flow from operating activities was $481.5 million in the December quarter. As of December 31, the consolidated cash and total investment position was $436.2 million. MCHP paid down $377.5 million of total debt in the December quarter and the net debt on the balance sheet reduced by $349.4 million. At December 31, the debt outstanding includes $2.743 billion of borrowings under the line of credit, $2.713 billion of term loan B, $2 billion on high grade bonds and $4.481 billion of convertible debt MCHP in the third quarter of FY 19 has reported the adjusted earnings per share of $1.66, beating the analysts’ estimates for the adjusted earnings per share of $1.57. The company had reported the adjusted revenue growth of 38 percent to $1.42 billion in the third quarter of FY 19, beating the analysts’ estimates for revenue of $1.4 billion. End-market demand in the December quarter was $1.416 billion, above the midpoint of the guidance, which was $1.4 billion, and down 6.4% sequentially from end-market demand of $1.513 billion in the immediately preceding quarter. On a non-GAAP basis, gross margins were a record 62.2%, operating expenses were 24.8% of end-market demand and operating income was $530 million and 37.4% of end-market demand. The inventory balance at December 31, 2018 was $702.5 million. The non-GAAP cash tax rate was 3.5% in the December quarter and MCHP expect a similar rate for all of fiscal year 2019. The company expects the non-GAAP cash tax rate for fiscal ’20 and fiscal ’21 to be 5% or less, exclusive of the transition tax, any potential tax associated with the restructuring of the Microsemi operations into the Microchip global structure and any tax audit settlements related to taxes accrued in prior fiscal years. MCHP has declared a quarterly cash dividend on its common stock of 36.50 cents per share.  The dividend is payable on March 7, 2019 to stockholders of record on February 21, 2019. For the fourth quarter ending in March, Microchip Tech expects its per-share earnings to range from $1.26 to $1.53. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.57. The company expects revenue to be in the range of $1.25 billion to $1.4 billion for the fiscal fourth quarter. Analysts surveyed by Zacks had expected revenue of $1.39 billion. SOURCE : https://tradertalks-net.translate.goog/s/12992?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp
Best Website To Watch Stock Prices - Why Microchip Technology Inc. (NASDAQ: MCHP) stock is under pressure
30-12-2023
Best Website To Watch Stock Prices - Why Microchip Technology Inc. (NASDAQ: MCHP) stock is under pressure
Microchip Technology Inc. (NASDAQ: MCHP) in the third quarter of FY 18 has reported the loss of $251.1 million in the third quarter, after reporting a profit in the same period a year earlier. One-time tax adjustments, related to the Tax Cuts and Jobs Act of 2017, affected the third quarter result. Along with it, the company incurred a loss of $2.1 million on the retirement of the 2037 2.125% convertible bonds. Non-GAAP net income was at $341.2 million, which is a growth of 38.4% as compared to the same quarter last year. Non-GAAP operating expenses were at 22% of sales, that was a record low and below the low end of the company’s guidance range of 22.2%. Therefore the stock lost over 5% this morning (As of 10:34AM EST on Feb 7th, 2018; Source: Google finance). On the other hand, MCHP in the third quarter of FY 18 has reported the adjusted earnings per share of $1.36, beating the analysts’ estimates for the adjusted earnings per share of $1.35 as per the Zacks Investment Research. The company had reported the adjusted revenue growth of 12.8 percent to $994.2 million in the third quarter of FY 18, beating the analysts’ estimates for revenue of $992.2 million. Moreover, in the December quarter, MCHP had the Cash flow from operations of $365 million.  As of December 31, 2017, the cash and total investment position stood at $1.985 billion. Additionally, MCHP is aggressively adding capital to support the growth of the company’s production capabilities for the fast-growing new products and technologies, and to bring in-house more of the assembly and test operations that are currently outsourced. These capital investments are expected to bring significant gross margin improvements to the company’s business, particularly for the Atmel manufacturing activities that MCHP are bringing into their own factories. For the fourth quarter ending in March, MCHP expects its earnings-per-share to range from $1.30 to $1.39. The analysts surveyed by Zacks had projected the adjusted earnings per share of $1.38. Further, MCHP  expects the revenue to be in the range of $964.4 million to $1 billion for the fiscal fourth quarter. The analysts surveyed by Zacks had projected revenue of $1.01 billion. MCHP has declared a quarterly cash dividend of 36.30 cents per share, which is payable on March 6th, 2018 to stockholders of record on February 21st, 2018.   SOURCE : https://tradertalks-net.translate.goog/s/12991?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp
Best Website To Watch Stock Prices - Why Microchip Technology Inc. (NASDAQ: MCHP) stock will rise today
30-12-2023
Best Website To Watch Stock Prices - Why Microchip Technology Inc. (NASDAQ: MCHP) stock will rise today
Microchip Technology Inc. (NASDAQ: MCHP) has posted better than expected results in the first quarter of FY 17 on the back of the growth with its Microchip 2.0 initiative. Microchip 2.0 combines the product, technology, system and employee strength of MCHP and its previous acquisitions, and allows the company to provide the total system solutions to the customers by selling multiple products into the circuit boards that drive their end applications. Overall, the company has reported net income of $170.6 million compared to a net loss of $113.4 million for the same quarter a year ago. The prior year’s income results were adversely affected due to the purchase accounting adjustments associated with Microchip’s Atmel acquisition. Accordingly, the stock rose over 1.4% in the after hours session on August 3rd, 2017 (As of  7:58PM EDT; Source: Google finance) Microchip Technology in the first quarter of FY 17 has reported the adjusted earnings per share of $1.31, beating the analysts’ estimates for the adjusted earnings per share of $1.23. The company had reported the adjusted revenue growth of 15.2 percent to $972.1 million in the first quarter of FY 17, beating the analysts’ estimates for revenue of $946.1 million. The year-over-year non-GAAP net sales comparison was not affected due to the acquisitions since Atmel’s full quarter revenue results were included in the June 2016 quarter net sales. The non-GAAP gross margin has crossed the 60% milestone and non-GAAP operating profit has exceeded 37% for the first time. For the second quarter ending in October, Microchip Technology expects its per-share earnings to be in the range from $1.33 to $1.37.  The analysts surveyed by Zacks had projected the adjusted earnings per share of $1.27. The company expects the revenue to be in the range of $1 billion for the fiscal second quarter. The analysts surveyed by Zacks had expected revenue of $959.8 million. Additionally, Microchip Technology has declared a record quarterly cash dividend on its common stock of 36.2 cents per share. The cash flow from operations in the June quarter was a record $345 million. As of June 30th, 2017, the consolidated cash and total investment position on the balance sheet was $1.65 billion. Meanwhile, Microchip Technology has announced in January 2016 that it was spending $3.56 billion to buy San Jose-based Atmel Corp., which is one of the global leaders in microcontroller and touch technology solutions. MCHP stock has risen 45% in a year (source: Google Finance). SOURCE : https://tradertalks-net.translate.goog/s/12989?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp
Best Website To Watch Stock Prices - Why Microchip Technology Inc. (NASDAQ: MCHP) stock will rise today
30-12-2023
Best Website To Watch Stock Prices - Why Microchip Technology Inc. (NASDAQ: MCHP) stock will rise today
Microchip Technology Inc. (NASDAQ: MCHP) has posted better than expected results in the first quarter of FY 17 on the back of the growth with its Microchip 2.0 initiative. Microchip 2.0 combines the product, technology, system and employee strength of MCHP and its previous acquisitions, and allows the company to provide the total system solutions to the customers by selling multiple products into the circuit boards that drive their end applications. Overall, the company has reported net income of $170.6 million compared to a net loss of $113.4 million for the same quarter a year ago. The prior year’s income results were adversely affected due to the purchase accounting adjustments associated with Microchip’s Atmel acquisition. Accordingly, the stock rose over 1.4% in the after hours session on August 3rd, 2017 (As of  7:58PM EDT; Source: Google finance) Microchip Technology in the first quarter of FY 17 has reported the adjusted earnings per share of $1.31, beating the analysts’ estimates for the adjusted earnings per share of $1.23. The company had reported the adjusted revenue growth of 15.2 percent to $972.1 million in the first quarter of FY 17, beating the analysts’ estimates for revenue of $946.1 million. The year-over-year non-GAAP net sales comparison was not affected due to the acquisitions since Atmel’s full quarter revenue results were included in the June 2016 quarter net sales. The non-GAAP gross margin has crossed the 60% milestone and non-GAAP operating profit has exceeded 37% for the first time. For the second quarter ending in October, Microchip Technology expects its per-share earnings to be in the range from $1.33 to $1.37.  The analysts surveyed by Zacks had projected the adjusted earnings per share of $1.27. The company expects the revenue to be in the range of $1 billion for the fiscal second quarter. The analysts surveyed by Zacks had expected revenue of $959.8 million. Additionally, Microchip Technology has declared a record quarterly cash dividend on its common stock of 36.2 cents per share. The cash flow from operations in the June quarter was a record $345 million. As of June 30th, 2017, the consolidated cash and total investment position on the balance sheet was $1.65 billion. Meanwhile, Microchip Technology has announced in January 2016 that it was spending $3.56 billion to buy San Jose-based Atmel Corp., which is one of the global leaders in microcontroller and touch technology solutions. MCHP stock has risen 45% in a year (source: Google Finance). SOURCE : https://tradertalks-net.translate.goog/s/12990?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp
Best Website To Watch Stock Prices - Microchip Technology Inc. (NASDAQ:MCHP) surpasses analysts’ expectations
30-12-2023
Best Website To Watch Stock Prices - Microchip Technology Inc. (NASDAQ:MCHP) surpasses analysts’ expectations
Microchip Technology Inc. (NASDAQ:MCHP) stock rose 5.80% (As on November 4, 1:51:23 AM UTC-4, Source: Google Finance) after the company posted better than expected results for the second quarter of FY 23. Non-GAAP net income for the second quarter of fiscal 2023 was a record at $814.4 million, up from non-GAAP net income of $605.7 millionin the prior year’s second fiscal quarter. On a Non-GAAP basis, the company has delivered record gross margin of 67.7% and record operating income of $971.4 million. The company generated Cash flow from operations of $793.2 million. MCHP in the second quarter of FY 23 has reported the adjusted earnings per share of $1.46, beating the analysts’ estimates for the adjusted earnings per share of $1.44, according to Zacks Investment Research. The company had reported the adjusted revenue growth of 25.7 percent to $2.07 billion in the second quarter of FY 23, beating the analysts’ estimates for revenue of $2.06 billion. Additionally, the company has declared a record quarterly cash dividend on its common stock of 32.8 cents per share, up 9.0% from the cash dividend paid last quarter and up 41.4% from the year ago quarter. The quarterly dividend is payable on December 6, 2022 to stockholders of record on November 22, 2022. The company has repurchased approximately $247.2 million, or 3.6 million shares of the common stock, at an average price of $68.18 per share during the September 2022 quarter under our previously announced $4.0 billion stock buyback program.  For the third quarter ending in December, Microchip Tech expects its per-share earnings to range from $1.54 to $1.56. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.46. The company expects revenue in the range of $2.13 billion to $2.18 billion for the fiscal third quarter. Analysts surveyed by Zacks had expected revenue of $2.08 billion. Meanwhile, during the quarter the company has unveiled the industry’s first terabit-scale secure Ethernet PHY family with port aggregation for enterprise and cloud interconnect. The META-DX2+ enables OEMs to double router and switch system capacities with 112G PAM4 connectivity for 800G ports, plus it adds encryption and Class C/D precision timing. The company has introduced a new family of CXL-based smart memory controllers for data center computing enabling modern CPUs to optimize application workloads. SOURCE : https://tradertalks-net.translate.goog/s/12987?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp
Best Website To Watch Stock Prices - Microchip Technology Inc. (NASDAQ:MCHP) surpasses analysts’ expectations
30-12-2023
Best Website To Watch Stock Prices - Microchip Technology Inc. (NASDAQ:MCHP) surpasses analysts’ expectations
Microchip Technology Inc. (NASDAQ:MCHP) stock rose 5.80% (As on November 4, 1:51:23 AM UTC-4, Source: Google Finance) after the company posted better than expected results for the second quarter of FY 23. Non-GAAP net income for the second quarter of fiscal 2023 was a record at $814.4 million, up from non-GAAP net income of $605.7 millionin the prior year’s second fiscal quarter. On a Non-GAAP basis, the company has delivered record gross margin of 67.7% and record operating income of $971.4 million. The company generated Cash flow from operations of $793.2 million. MCHP in the second quarter of FY 23 has reported the adjusted earnings per share of $1.46, beating the analysts’ estimates for the adjusted earnings per share of $1.44, according to Zacks Investment Research. The company had reported the adjusted revenue growth of 25.7 percent to $2.07 billion in the second quarter of FY 23, beating the analysts’ estimates for revenue of $2.06 billion. Additionally, the company has declared a record quarterly cash dividend on its common stock of 32.8 cents per share, up 9.0% from the cash dividend paid last quarter and up 41.4% from the year ago quarter. The quarterly dividend is payable on December 6, 2022 to stockholders of record on November 22, 2022. The company has repurchased approximately $247.2 million, or 3.6 million shares of the common stock, at an average price of $68.18 per share during the September 2022 quarter under our previously announced $4.0 billion stock buyback program.  For the third quarter ending in December, Microchip Tech expects its per-share earnings to range from $1.54 to $1.56. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.46. The company expects revenue in the range of $2.13 billion to $2.18 billion for the fiscal third quarter. Analysts surveyed by Zacks had expected revenue of $2.08 billion. Meanwhile, during the quarter the company has unveiled the industry’s first terabit-scale secure Ethernet PHY family with port aggregation for enterprise and cloud interconnect. The META-DX2+ enables OEMs to double router and switch system capacities with 112G PAM4 connectivity for 800G ports, plus it adds encryption and Class C/D precision timing. The company has introduced a new family of CXL-based smart memory controllers for data center computing enabling modern CPUs to optimize application workloads. SOURCE : https://tradertalks-net.translate.goog/s/12988?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp
Best Website To Watch Stock Prices - Micron Announces Commitment To China As It Invests $602M In Plant
30-12-2023
Best Website To Watch Stock Prices - Micron Announces Commitment To China As It Invests $602M In Plant
Micron, a US-based memory chipmaker, has said that it remained committed to the Chinese market. The chipmaker has also said that it will invest 4.3 billion yuan (equivalent to $603M) for a chip packaging facility in Xian, China. Micron has been targeted by the cyberspace regulator in China. Last month, this regulator said that Micron, which is currently the largest chipmaker in the United States, did not pass a network security review. The regulator also warned that it would ensure that those operating key infrastructure would not purchase the company. However, in the recent statement, Micron did not address the review decision, according to a statement shared on WeChat. The CEO of Micron, Sanjay Mehrotra, noted that the investment demonstrated that Micron had an unwavering commitment to the business and team in China. Mehrotra also said that the company would continue supporting different industries. “We will continue to support customers’ innovation and development in different fields. This investment project demonstrates Micron’s commitment to China’s business and Chinese team members. An unwavering commitment,” the CEO said. The investment that Micron will make in China includes purchasing packaging equipment from a subsidiary of Powertech Technology based in Xian. This packaging equipment has been used in the factory since 2016, according to the company. Micron has also announced that it will launch a new production site in China. This production line will be used in manufacturing mobile DRAM, SSD, and NAND products that will strengthen the packaging and testing capabilities at the plant. The investment made in the company matches Micron’s concept of testing and global packaging. It will also boost the flexibility of the company in manufacturing a large portfolio of products. The general manager of Micron China, Wu Mingxia, said that the company was pleased to support the growth of the project. Following the closure of the new factory building, the company will launch new equipment and processes in Xian. The company will also increase the number of employees at the company. Micron is planning to offer contracts to 1,200 employees at the Xian subsidiary, with this investment being expected to generate an additional 500 jobs. The growing employee base will also bring the entire Micron workforce in China to over 4,500 people. The recent announcement by Micron comes at a time when tensions between Washington and Beijing have intensified. There is an ongoing tech war between the two largest economies globally. The two are competing in areas such as semiconductors, artificial intelligence, and quantum computing. The ban that has been announced by Beijing is being seen as retaliation by the company against the export restrictions that have been adopted by the US and its Western allies regarding advanced chips and chip-making gear in China. The tensions are behind the challenges facing Micron and a tough regulatory climate. SOURCE : https://tradertalks-net.translate.goog/s/12986?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp
Best Website To Watch Stock Prices - Micron Technology, Inc. (NASDAQ:MU) gave an upbeat forecast
30-12-2023
Best Website To Watch Stock Prices - Micron Technology, Inc. (NASDAQ:MU) gave an upbeat forecast
Micron Technology, Inc. (NASDAQ:MU) stock rose 0.048% (As on Mar 30, 11:29:38 AM UTC-4, Source: Google Finance) after the company gave an upbeat forecast for the current quarter, a sign that demand remains strong from rapidly expanding data-center customers. The company expects no impact on near-term production from component shortages driven by the Ukraine crisis, but costs are expected to rise. Ukraine’s two leading neon suppliers, which produce about half the world’s supply of the key chip-making ingredient, have halted their operations, threatening to drive up prices and worsen an ongoing semiconductor crunch. Further, the impact from Ukraine-driven supply shortfalls will not show up until about seven to nine months later, when global raw material inventories run out. Global chip output was already under pressure after the pandemic drove up demand for cellphones, laptops and later cars, forcing some firms to scale back production. Micron expects PC shipments to be flat this year compared with 2021. MU in the second quarter of FY 22 has reported the adjusted earnings per share of $2.46, beating the analysts’ estimates for the adjusted earnings per share of $2.24, according to data compiled by Bloomberg. The company had reported the adjusted revenue growth of 24.8 percent to $8.7 billion in the second quarter of FY 22, beating the analysts’ estimates for revenue of $8.2 billion. Micron also charged more for its NAND and DRAM memory chips, helping gross margins as a percentage of revenue rise to 47.2% from 26.4% last year. Additionally, Investments in capital expenditures, net were $2.60 billion for the second quarter of 2022, which resulted in adjusted free cash flow of $1.03 billion. Micron repurchased approximately 4.8 million shares of its common stock for $408 million during the second quarter of fiscal 2022 and ended the quarter with cash, marketable investments, and restricted cash of $11.95 billion, for a net cash position of $4.87 billion. The company has declared a quarterly dividend of $0.10 per share, payable in cash on April 26, 2022, to shareholders of record as of the close of business on April 11, 2022. Micron forecast current-quarter revenue of $8.7 billion, plus or minus $200 million, compared with analysts’ average estimate of $8.06 billion, according to Refinitiv data. For the third quarter of FY 22, the company expects Diluted earnings per share to be $2.46 ± $0.10. SOURCE : https://tradertalks-net.translate.goog/s/12985?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp
Best Website To Watch Stock Prices - Micron Technology Inc (NASDAQ:MU) gave strong forecast
30-12-2023
Best Website To Watch Stock Prices - Micron Technology Inc (NASDAQ:MU) gave strong forecast
Micron Technology Inc (NASDAQ:MU), the largest US maker of memory chips, stock rose 6.14% (As on March 29, 11:19:15 AM UTC-4, Source: Google Finance) after the company gave a better forecast for the current quarter than some analysts had feared, sparking hope that the worst of a brutal industry slump may be over. Sales will be as much as $3.9 billion in the fiscal third quarter, the company said in a statement Tuesday. That compares with an average of analysts’ estimates of $3.75 billion. The company also announced an increase in job cuts. The company is projecting a loss of about $1.58 a share in the current period, which includes a 45-cent impact associated with $500 million in inventory writedowns. Analysts had estimated a loss of 84 cents a share. For 2023, the company expects that demand will grow faster than supply. Micron projects a transition to sequential revenue growth, saying that inventory has peaked and end markets such as smartphones and personal computers are contracting less severely than feared. Micron’s data center unit bottomed in the second fiscal quarter. MU in the second quarter of FY 23 has reported the adjusted loss per share of $1.91, missing the analysts’ estimates for the adjusted loss per share of 63 cents. The company had reported 53 percent decline in the adjusted revenue to $3.69 billion in the second quarter of FY 23, missing the analysts’ estimates for revenue of $3.75 billion. Showing the impact of a collapse in orders, the company is on course to lose more than $3 billion in 2023, its worst annual deficit since it first went public in 1984. Investments in capital expenditures, net were $2.16 billion for the second quarter of 2023, which resulted in adjusted free cash flows of negative $1.81 billion. Operating cash flow of $343 million versus $943 million for the prior quarter and $3.63 billion for the same period last year. Micron ended the second quarter of 2023 with cash, marketable investments, and restricted cash of $12.12 billion. Inventory write-downs was of $1.43 billion, impact of $1.34 per diluted share. Customer inventories are getting better, and the company expects gradual improvements to the industry’s supply-demand balance. Additionally, Micron’s Board of Directors has declared a quarterly dividend of $0.115 per share, payable in cash on April 25, 2023, to shareholders of record as of the close of business on April 10, 2023. SOURCE : https://tradertalks-net.translate.goog/s/12984?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp
Best Website To Watch Stock Prices - Micron Technology Inc (NASDAQ:MU) Gave Weak Guidance
30-12-2023
Best Website To Watch Stock Prices - Micron Technology Inc (NASDAQ:MU) Gave Weak Guidance
Micron Technology Inc (NASDAQ:MU) stock fell 3.03% (As on September 28, 11:21:46 AM UTC-4, Source: Google Finance) after the company offered weaker-than-expected earnings guidance for the current quarter, indicating that an industry slump is still weighing on the largest US maker of memory chips. Elsewhere, the company posted a narrower-than-expected loss for the fiscal fourth quarter, as well as revenue that came in ahead of expectations. Current-quarter revenue guidance is also higher than analysts anticipated. Investments in capital expenditures, net were $1.01 billion for the fourth quarter of 2023 and $7.01 billion for the full year of 2023, which resulted in adjusted free cash flows of negative $758 million for the fourth quarter of 2023 and negative $5.45 billion for the full year of 2023. Micron ended the year with cash, marketable investments, and restricted cash of $10.52 billion. Meanwhile, for Micron and its competitors, Samsung Electronics Co. and SK Hynix Inc., 2023 has been a brutal year. Customers in their main markets, personal computers and smartphones have slashed orders as they cope with lackluster demand and stockpiles of excess parts. Wednesday’s report suggests that investor optimism about a rebound in profitability may be premature. The burden of excess inventory has now lifted and Micron’s customers, apart from those who make data center servers, are now ordering at levels that reflect demand for their products. Prices for Micron’s products are going up, and the rate of the price jump is increasing MU in the fourth quarter of FY 23 has reported the adjusted loss per share of $1.07, beating the analysts’ estimates for the adjusted loss per share of $1.18, according to Zacks Investment Research. The company had reported 40 percent decline in the adjusted revenue of $4.01 billion in the fourth quarter of FY 23, beating the analysts’ estimates for revenue of $3.91 billion. Additionally, the company has declared a quarterly dividend of $0.115 per share, payable in cash on October 25, 2023, to shareholders of record as of the close of business on October 10, 2023. Micron said to expect a loss of $1.07 per share, while analysts polled by LSEG, formerly known as Refinitiv, expected 95 cents. The company expects revenue to be in the range of $4.2 billion to $4.6 billion for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue of $6.12 billion. Micron expects the industry outlook to brighten considerably by 2025, especially as artificial intelligence systems demand new types of more expensive memory chips. SOURCE : https://tradertalks-net.translate.goog/s/12983?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp
Best Website To Watch Stock Prices - Micron Technology, Inc. (NASDAQ:MU) gives upbeat forecast
30-12-2023
Best Website To Watch Stock Prices - Micron Technology, Inc. (NASDAQ:MU) gives upbeat forecast
Micron Technology, Inc. (NASDAQ:MU) stock rose 9.76% (As on Dec 21, 11:43:02 AM UTC-4, Source: Google Finance) after giving an upbeat forecast for the current quarter, helped by demand from networking, data-center and automotive customers. Micron is benefiting from the use of memory chips in a wider range of products — from cars to home appliances. That’s made the Boise, Idaho-based company less dependent on the personal computer and smartphone market for revenue. Micron competes with South Korea’s Samsung Electronics Co., SK Hynix Inc. and Japan’s Kioxia Holdings Corp. in a memory chip market that has consolidated over the past decade. Samsung dominates production of both major types of chips. DRAM chips hold data temporarily, helping processors crunch data. Nand flash memory, meanwhile, acts as permanent storage in phones and computers. The company has generated operating cash flow of $3.94 billion versus $3.88 billion for the prior quarter and $1.97 billion for the same period last year. MU in the first quarter of FY 22 has reported the adjusted earnings per share of $2.16, beating the analysts’ estimates for the adjusted earnings per share of $2.10. The company had reported the adjusted revenue growth of 33 percent to $7.69 billion in the first quarter of FY 22, beating the analysts’ estimates for revenue of $7.66 billion. Additionally, the company has declared a quarterly dividend of $0.10 per share, payable in cash on January 18, 2022, to shareholders of record as of the close of business on January 3, 2022. Micron repurchased approximately 3.6 million shares of its common stock for $259 million during the first quarter of fiscal 2022 and ended the quarter with cash, marketable investments, and restricted cash of $11.48 billion, for a net cash position of $4.46 billion. Producers have tried to be more disciplined about expanding factory output, trying to avoid the industry’s famous boom-and-bust cycles. As a result, there will be a healthy balance between demand and supply in 2022, Micron predicted. The company will spend $11 billion to $12 billion on new plants and equipment this fiscal year. The company expects revenue to be in the range of $7.3 billion to $7.7 billion for the fiscal second quarter. Analysts surveyed by Zacks had expected revenue of $7.28 billion. For the second quarter ending in March, Micron expects its per-share earnings to range from $1.85 to $2.05. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.85. SOURCE : https://tradertalks-net.translate.goog/s/12982?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp
Best Website To Watch Stock Prices - Why Micron Technology, Inc. (NASDAQ: MU) is going gangbusters today
30-12-2023
Best Website To Watch Stock Prices - Why Micron Technology, Inc. (NASDAQ: MU) is going gangbusters today
Micron Technology, Inc. (NASDAQ: MU) has posted better than expected results in the fourth quarter of FY 17  due to the solid execution and robust demand for the memory and storage solutions. The company expects healthy industry fundamentals to continue into 2018, due to the increasingly diverse end markets and applications. Further, the company is focusing on accelerating the deployment of advanced technologies and solutions to further strengthen the financial foundation and enhance shareholder value. As a result, the stock rallied over 6.9% on September 27th, 2017 (As of  9:42AM EDT; Source: Google finance).  In the FY 17, Micron Technology has reported 64 percent growth in the revenue to $20.32 billion, the net income of $5.65 billion and $4.96 per diluted share. The cash flows from operations is of $8.15 billion in FY 17. Micron Technology in the fourth quarter of FY 17 has reported the adjusted earnings per share of $2.02, beating the analysts’ estimates for the adjusted earnings per share of $1.83. The company had reported the adjusted revenue growth of 91 percent to $6.14 billion in the fourth quarter of FY 17, beating the analysts’ estimates for revenue of $5.96 billion. Moreover, the revenues for the fourth quarter of 2017 were 10 percent higher compared to the third quarter of 2017, and the DRAM sales volumes were 5 percent higher and NAND sales volumes were 3 percent higher. DRAM and NAND average selling prices in the fourth quarter grew 8 percent and 5 percent, respectively. The company’s overall consolidated gross margin of 50.7 percent for the fourth quarter of 2017 was higher compared to 46.9 percent in the third quarter due to an expansion of margins for DRAM products. For the fourth quarter of 2017, the investments in capital expenditures, net of amounts funded by partners, were $1.51 billion and $5.13 billion for the full year of 2017. The company has ended the fourth quarter with cash, marketable investments, and restricted cash of $6.15 billion. Additionally, at the Mobile World Congress, MU had announced its latest efforts for the autonomous vehicle market, such as low-power memory chips as well as security systems. The company has opened a new facility in Boise, which will nearly double its cleanroom space for R&D efforts. Micron Technology stock has risen 66.7% in this year to date (source: Google Finance). SOURCE : https://tradertalks-net.translate.goog/s/12980?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=auto&_x_tr_pto=wapp