Micron Technology, Inc. (NASDAQ:MU) announced a new addition to its expansive portfolio of flash storage products, providing a purpose-built solution for cost-sensitive consumer applications seeking high performance and reliability. The new TLC NAND is built on their 16-nanometer (nm) process and delivers a balanced set of features for applications like USB drives and consumer solid state drives. The market appetite for TLC is projected to be strong throughout 2015, constituting almost half of the total NAND gigabytes shipped.i
Micron’s 16nm process—recognized by TechInsights as the Most Innovative Memory Device and 2014 Semiconductor of the Year—is a mature and proven storage technology, making it an excellent foundation for a reliable TLC design. TLC, or triple-level cell, is a technology that fits three bits in every flash data cell, creating greater cost and size efficiency.
Customers of the technology will benefit from Micron’s extensive design support team, who act as trusted advisors to ensure smooth qualification and optimal end-solution performance. Key flash customers and ecosystem partners worldwide have already begun working to integrate this new NAND with their latest designs, ensuring quick adoption in end applications.
“Our new TLC NAND technology meets the ever-rising demand for reliable high-capacity storage,” said Kevin Kilbuck, director of NAND planning at Micron. “We see 16nm TLC as an excellent solution for 2015 consumer applications as we drive toward 3D NAND TLC production in 2016.”
The new TLC part adds to Micron’s comprehensive portfolio of flash products, which spans four process generations and multiple technologies to ensure focused solutions for almost any application imaginable—everything from consumer and mobile to enterprise, embedded, and automotive markets. The new 16GB TLC NAND is in production and available now. Micron has been sampling multiple partners, which will enable consumer SSD solutions based on this technology to come to market this fall. Micron also expects to release its own TLC-based client SSD in that timeframe. (Original Source)
Shares of Micron Technology closed yesterday at $27.79 . MU has a 1-year high of $36.59 and a 1-year low of $25.61. The stock’s 50-day moving average is $27.91 and its 200-day moving average is $30.34.
On the ratings front, Micron Technology has been the subject of a number of recent research reports. In a report released yesterday, Jefferies Co. analyst Sundeep Bajikar reiterated a Buy rating on MU, with a price target of $40, which represents a potential upside of 43.9% from where the stock is currently trading. Separately, on May 22, Mizuho’s Vijay Rakesh initiated coverage with a Buy rating on the stock and has a price target of $39.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Sundeep Bajikar and Vijay Rakesh have a total average return of 28.3% and 36.2% respectively. Bajikar has a success rate of 74.0% and is ranked #55 out of 3610 analysts, while Rakesh has a success rate of 73.1% and is ranked #17.
The street is mostly Bullish on MU stock. Out of 20 analysts who cover the stock, 15 suggest a Buy rating , 4 suggest a Hold and one recommend to Sell the stock. The 12-month average price target assigned to the stock is $37.50, which represents a potential upside of 34.9% from where the stock is currently trading.
Micron Technology Inc is a manufacturer and marketer of DRAM, NAND Flash memory, CMOS image sensors and other semiconductor components. It has two segments, Memory and Imaging.