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Micron (MU) Launches i400 microSD & Extends IQ Program

Micron Technology MU recently announced the enhancement of its embedded solutions with the launch of the highest-capacity microSD card, i400, and Industrial Quotient (“IQ”) partnership programs to strengthen its position in the intelligent edge space.

Built with the first-of-its-kind technology, Micron’s new i400 card possesses 1.5 terabytes (“TB”) capacity and is designed with a focus on industrial-grade video security applications. This high-performance card intends to meet growing storage requirements in the intelligent edge space by offering embedded solutions. The product appears to be a good fit for edge and hybrid video security as a service deployment.

Through the latest move, Micron added a leading supplier of industrial computer modules based in Germany’s Deggendorf — congatec — and a System on Modules integrator & provider headquartered in Germany’s Mainz — PHYTEC — to its IQ partner program. With these two additions, Micron anticipates to improve the accessibility of its new releases in the industrial market.

Micron Technology, Inc. Price and Consensus

Micron Technology, Inc. Price and Consensus
Micron Technology, Inc. Price and Consensus

Micron Technology, Inc. price-consensus-chart | Micron Technology, Inc. Quote

Further, the company revealed that it secured the first International Organization of Standardization 26262 Automotive Safety Integrity Level D certification of memory from the world’s leading product certification and knowledge company, specializing in automation system safety, exida, for its low-power double data rate 5 (“LPDDR5”) Dynamic Random Access Memory (“DRAM”). The certification indicates that the LPDDR5 DRAM storage technology meets the functional safety measures required in advanced driver-assistance system applications.

Micron continues to witness growing demand for memory chips from cloud-computing providers and acceleration in 5G cellular network adoptions. In January, the company initiated volume shipments of its176-layer Quad-level cell NAND Solid State Drive (“SSD”). In July last year, the company had begun volume shipments of the world’s first 176-layer NAND Universal Flash Storage 3.1 mobile solution. Prior to that, in November 2020, the company had commenced volume shipments of the world’s first 176-layer 3D NAND flash memory, achieving unprecedented, industry-pioneering density and performance.

During the second quarter of fiscal 2022, Micron reported NAND revenues of $1.96 billion, which represented 25% of the total top line and rose 19% on a year-over-year basis. The company’s Embedded Business Unit revenues totaled $1.3 billion and climbed 37% year over year.

Zacks Rank & Stocks to Consider

Micron currently carries a Zacks Rank #4 (Sell). Shares of MU have plunged 28.1% in the past year.

Some better-ranked stocks from the broader Computer and Technology sector are Axcelis Technologies ACLS, Baidu BIDU and Analog Devices ADI. While Axcelis currently sports a Zacks Rank #1 (Strong Buy), Analog Devices and Baidu carry a Zacks Rank of 2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for Axcelis’ second-quarter fiscal 2022 earnings has been revised 3 cents northward to 99 cents per share over the past 60 days. For 2022, earnings estimates have moved 10.3% north to $4.40 per share in the past 60 days.

Axcelis' earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 23.5%. Shares of ACLS have surged 39.4% in the past year.

The Zacks Consensus Estimate for Baidu’s second-quarter 2022 earnings has been revised 31 cents southward to $1.38 per share over the past 30 days. For 2022, earnings estimates have moved 3 cents north to $8.27 per share in the past 30 days.

Baidu's earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 52.9%. Shares of BIDU have fallen 23% in the past year.

The Zacks Consensus Estimate for Analog Devices' third-quarter fiscal 2022 earnings has been revised upward by 5 cents to $2.42 per share over the past 30 days. For fiscal 2022, earnings estimates have moved 16 cents north to $9.24 per share in the past 30 days.

Analog Devices' earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 7.7%. Shares of ADI have decreased 9.3% in the past year.


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