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   Technology StocksWDC, NAND, NVM, enterprise storage systems, etc.


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From: Sam11/23/2021 10:14:06 AM
1 Recommendation   of 4736
 
Micron, Western Digital upgraded at Mizuho on resilient demand
Nov. 23, 2021 7:42 AM ET

seekingalpha.com

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From: JCnieuwenj12/1/2021 5:52:49 AM
   of 4736
 
Quite an interesting summary of WDC in the last analyst meeting

seekingalpha.com

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From: Sam12/22/2021 9:47:42 AM
   of 4736
 
SK Hynix gets China antitrust approval for $9B purchase of Intel's NAND business

seekingalpha.com

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From: Sam12/29/2021 12:44:06 PM
   of 4736
 
Potential Disruptions to Memory Sector Likely a Positive, Wedbush Says, Following Xi'an Lockdown
MT NEWSWIRES 11:09 AM ET 12/29/2021

Symbol Last Price Change
96.48 +3.54 (+3.8089%)
66.86 +4.02 (+6.3972%)
QUOTES AS OF 12:41:31 PM ET 12/29/2021


11:09 AM EST, 12/29/2021 (MT Newswires) -- Potential disruptions to the memory industry as a result of the lockdown of the Chinese city Xi'an are "likely to result in favorable near-term implications," said Wedbush analyst Matt Bryson on Wednesday, "with pricing trends pulled forward and first-quarter contract negotiations weighted in the manufacturers' favor."

The lockdown was precipitated by the outbreak of the omicron variant, and will likely impact Samsung -- which has a NAND production facility in the area -- and Micron Technology's(MU) site which does testing and packaging. Micron is said to be in talks with the local government regarding continued production.

"[A]ny rising tide should benefit all names," Wedbush said in a report to clients, "including Micron, Samsung, Hynix, etc." Wedbush noted it prefers Western Digital(WDC) , but the memory sector as a whole is expecting "strong demand trends through 2022."

Wedbush has a neutral rating and a $100 price target on Micron. The stock has an average rating of outperform and price targets ranging from $58 to $165, according to analysts polled by Capital IQ.

Wedbush has an outperform rating and $70 price target on Western Digital(WDC). The stock has an average rating of outperform and price targets ranging from $55 to $97, according to analysts polled by Capital IQ.

Micron is up more than 3% in Wednesday morning trading. Western Digital(WDC) is up nearly 6% and trading above its 200-day moving average for the first time since August.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: mtnewswires.com

Price: 95.44, Change: +2.50, Percent Change: +2.69

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From: Sam12/30/2021 5:42:34 PM
   of 4736
 
SK hynix completes the First Phase of Intel NAND and SSD Business Acquisition
News provided by
SK hynix Inc. Dec 29, 2021, 18:15 ET
  • SK hynix has acquired Intel's SSD business and Dalian NAND Flash Manufacturing Facility assets in China
  • The new entity will be branded "Solidigm"
  • With the synergy of the combined business portfolio, SK hynix aims to become global 1st tier technology company.
SEOUL, South Korea, Dec. 29, 2021 /PRNewswire/ -- SK hynix Inc. (or 'the Company', www.skhynix.com) today announced that it has completed the first phase of the transaction to acquire Intel's NAND and solid-state drive (SSD) business. Following the recent merger clearance from China's State Administration for Market Regulation on Dec. 22, SK hynix closed the first phase of the transaction by acquiring Intel's SSD business and the Dalian NAND flash manufacturing facility in China. In exchange, SK hynix will pay US $7 billion in consideration.

In the second phase of the transaction, SK hynix will acquire from Intel the remaining assets in relation to its NAND business, including IP related to the manufacture and design of NAND flash wafers, R&D employees for NAND flash wafers, the Dalian facility workforce, and the other associated tangible / intangible assets. Closing of the second phase is expected to occur in or after March 2025 with the remaining payment of US $2 billion, which will complete the entire deal.

The newly established U.S subsidiary, which will manage the newly acquired SSD business, will be known as "Solidigm" ( www.solidigmtechnology.com). This name reflects Solidigm's commitment to creating a new solid-state paradigm that provides unmatched customer service and revolutionizes the memory storage industry.

Solidigm will be headquartered in San Jose, California, and manage product development, manufacturing, and sales of the newly acquired SSD business, which was formerly operated by Intel. Lee Seok-hee, president and co-CEO of SK hynix will be appointed executive chairman of Solidigm, who will lead the post-merger integration processes after the 1st closing. Rob Crooke, former senior vice president of Intel will be appointed CEO of Solidigm.

SK hynix, Solidigm, and Intel will cooperate with each other for a successful final close of the deal.

SK hynix sees the opportunity to greatly enhance its NAND Flash business competitiveness to the level of its world-leading DRAM business, as SK hynix excels in mobile NAND flash while Solidigm shows industry-leading strengths in enterprise SSDs (eSSDs). SK hynix will be able to take advantage of the synergy of the combined business portfolio.

Park Jung-ho, vice chairman and co-CEO of SK hynix said, "My heartfelt welcome to the Solidigm team members who are joining our family. This acquisition will present a paradigm shifting moment for SK hynix's NAND flash business to enter the global top tier level. With this acquisition, SK hynix will be one step further in its path towards global 1st tier technology company."

"Solidigm is poised to be the world's next big semiconductor company, which presents an unprecedented opportunity to reinvent the data memory and storage industry," said Crooke. "We are steadfast in our commitment to lead the data industry in a way that can truly fuel human advancement."

prnewswire.com

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From: Sam1/7/2022 4:40:55 PM
   of 4736
 
Samsung shipped over half of world’s enterprise SSDs in Q3, say analysts
By Chris Mellor - January 6, 2022

Intel and Samsung each accounted for about 35 per cent of enterprise SSD capacity shipped in 2019’s third quarter – but now Samsung has a market-dominating 53.6 per cent share while Intel’s has dropped to 15.2 per cent.

These numbers come from analysts at TrendFocus ands Wells Fargo, and were revealed to subscribers by Wells Fargo analyst Aaron Rakers in an article about Micron’s prospects with its current 5.6 per cent share. We see that Samsung ships more enterprise SSD capacity than all the other suppliers combined, and a pie chart shows Samsung and the six dwarfs in this market:

These numbers come from analysts at TrendFocus ands Wells Fargo, and were revealed to subscribers by Wells Fargo analyst Aaron Rakers in an article about Micron’s prospects with its current 5.6 per cent share. We see that Samsung ships more enterprise SSD capacity than all the other suppliers combined, and a pie chart shows Samsung and the six dwarfs in this market:



Western Digital and joint-venture partner Kioxia have a combined 14.4 per cent share, placing them third in the market after Samsung and Intel. SK hynix with its 8.6 per cent share is in fifth place, with a proviso. As it now owns Intel’s SSD business, renamed to Solidigm, the combined SK hynix-Solidigm enterprise SSD ship share is 23.8 per cent, putting it in second place behind Samsung. That puts the WD-Kioxia combo in third place.

Micron is in sixth place in Raker’s chart with a share near enough 10 per cent of Samsung.

A look at vendor shipment share numbers since the start of 2015 shows Intel originally leading the market and then throwing its first place away, first to Western Digital and then to Samsung. WD’s decline has been even more dramatic than Intel’s.


SK Hynix’s share is included in the “Others” category along with Kioxia. Micron’s share is visible and shows it never has been a leading player in this market.

Watching suppliers’ progress in this market is like watching oil tankers race each other – ship share changes are made at slow rates.

Overall the growth in shipped enterprise SSD capacity has been impressive:



The COVID pandemic appears to have caused a slump in the year-on-year growth rate, from the first 2020 quarter to 2021’s second quarter, but growth has always been positive apart from the zero growth registered at the start of 2019.

The obvious question to ask is: can SK Hynix get the acquired Intel enterprise SSD business growing again? Over to you Rob Crooke, Solidigm CEO.

blocksandfiles.com

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From: Sam1/13/2022 8:31:35 AM
   of 4736
 
Micron and Western Digital Are Top Semi Picks as Supply-Chain Constraints Ease -- Barrons.com
Dow Jones Newswires4 minutes ago
The semiconductor sector will be a big gainer in 2022 as demand grows and supply-chain constraints ease, said analysts at Mizuho Securities.

Chip stocks Micron Technology (ticker: MU), Western Digital ( WDC), and Applied Materials ( AMAT) were some of analyst Vijay Rakesh's top picks for the year, with Advanced Micro Devices ( AMD) receiving an honorable mention and a price target increase.

Rakesh sees several upsides for the industry, including improved Covid-19 trends, supply-chain normalization, and high cash levels.

Advanced Micro Devices i s slated to benefit from these trends, Rakesh said. Throughout 2021, the company executed well above expectations as demand for console chips and PCs continued to rise. The stock has several catalysts coming up the following year with the rollout of its next-generation server products.

Rakesh reiterated his Buy rating on the stock, and increased his price target to $150 from $135. Shares of Advanced Micro Devices were up about 1% to $138.70 in premarket trading.

The analyst sees similar upsides for top picks Micron, Western Digital and Applied Materials. Micron could see many tailwinds boosting its performance over the next year, prompting the analyst to raise his target to $110 from $98 and maintain a Buy rating.

"While pricing could decline, declines are likely to be modest, and multiple tailwinds with strong demand in segments such as data center, 5G, and auto should be positives," Rakesh wrote.

Western Digital will see better-than-anticipated pricing for its NAND chips. The company also is well-positioned to ramp up its cloud offerings, and margins could improve significantly over the next year. Rakesh increased his target to $83 from $75.

Applied Materials will benefit from multi-year demand for semiconductors in data centers, 5G implementation, the internet of things, and automotive, Rakesh said, as well as plans to spend on wafer fabrication equipment.The analyst revised his target to $178, up from $161.

Micron stock was up 0.6% to $95.71 in premarket trading. Applied Materials was gaining 2% to $162.89, and Western Digital ticked up 0.5% to $66.88.

Write to Sabrina Escobar at sabrina.escobar@barrons.com

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From: Sam1/27/2022 9:12:56 AM
   of 4736
 
Seagate is sharply up premarket to $105.50-105.61 from 95 and change yesterday at the close.

BRIEF-Seagate Technology Reports Fiscal Second Quarter 2022 Financial Results
REUTERS 5:55 PM ET 1/26/2022

Symbol Last Price Change
96.31 0 (0%)
QUOTES AS OF 04:00:01 PM ET 01/26/2022


Jan 26 (Reuters) - Seagate Technology Holdings PLC(STX):

* SEAGATE TECHNOLOGY REPORTS FISCAL SECOND QUARTER 2022 FINANCIAL RESULTS

* Q2 GAAP EARNINGS PER SHARE $2.23

* Q2 REVENUE $3.12 BILLION

* QTRLY NON-GAAP DILUTED EPS OF $2.41

* SEES Q3 REVENUE OF $2.9 BILLION, PLUS OR MINUS $150 MILLION

* SEES Q3 NON-GAAP DILUTED EPS OF $2.00, PLUS OR MINUS $0.20

* Q2 EARNINGS PER SHARE VIEW $2.36, REVENUE VIEW $3.11 BILLION -- REFINITIV IBES DATA

* Q3 EARNINGS PER SHARE VIEW $2.05, REVENUE VIEW $2.90 BILLION -- REFINITIV IBES DATA Source text for Eikon: Further company coverage:

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To: Sam who wrote (4717)1/27/2022 9:14:02 AM
From: Sam
   of 4736
 
Seagate Stock Spikes. The Disk-Drive Maker Predicts Wider Margins Ahead.
By Eric J. Savitz
Jan. 26, 2022 7:22 pm ET

Seagate Technology shares jumped in late trading Wednesday after the disk-drive company provided an upbeat financial outlook, raising its long-term model for the profitability of its business.

For the fiscal second quarter ended Dec. 31, Seagate (ticker: STX) posted revenue of $3.12 billion, up 18% from a year ago, and in line with estimates. Non-GAAP profits of $2.41 a share edged the Street consensus forecast of $2.36 a share.

For the fiscal third quarter, the company projected revenue of $2.9 billion, give or take $150 million, with non-GAAP profits of $2 a share, plus or minus 20 cents, which is consistent with the consensus call for $2.92 billion and $2.07 a share.

For investors, the bigger news came on the company’s post-earnings conference call. Seagate chief financial officer Gianluca Romano told analysts that the company is raising its long-term non-GAAP operating margin target range to between 18% and 22% of revenue, up from a prior target of 15% to 20%. The company expects to be at the lower end of the new range in the March quarter.

Romano also said that Seagate now sees revenue growth for the June 2022 fiscal year to be up 12% to 14%, which compares to a previous forecast for a low double-digit increase. “We believe the structural changes in the industry combined with Seagate’s disciplined execution will support a higher operating margin over time,” he said on the call.

In a statement, CEO Dave Mosely noted that the company had its highest revenue quarter in more than six years, driven by strong demand from cloud data center customers.

Seagate shares initially traded lower in after-hours trading, but reversed course after Romano made his remarks about expanding margins. Around 7:15 p.m. Eastern, Seagate rallied 6.1%, to $102.21.

As is often the case when there’s good news for Seagate, buying spilled over to shares of rival Western Digital (WDC), which gained almost 3% after hours.

Write to Eric J. Savitz at eric.savitz@barrons.com

barrons.com

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From: Sam1/27/2022 9:39:43 AM
   of 4736
 
STX is up almost 20% a few minutes after the open, bouncing around between $114-115.

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