NEW YORK, NY / ACCESSWIRE / February 7, 2017 / Micron Technology and Skyworks Solutions saw big gains on Tuesday. Two analysts raising their ratings on Micron to various forms of "buy" had traders excited while Skyworks' first quarter earnings results on Monday coming in at record levels also had traders cheering.

RDI Initiates Coverage on:

Micron Technology, Inc.
https://rdinvesting.com/news/?ticker=MU

Skyworks Solutions, Inc.
https://rdinvesting.com/news/?ticker=SWKS

Micron Technology, Inc. shares closed up 11.37% on almost 67 million shares traded on Tuesday. The big gain came after two analysts, one from KeyBanc and one from Needham & Co., upgraded Micron. KeyBlanc Capital Markets semiconductor analyst wrote, "We are raising our estimates to reflect the preannouncement, and we're upgrading to Overweight as valuation and long-term trends are too compelling to ignore." The firm raised its rating to "overweight" from "sector weight." It was on Monday that Micron preannounced Q2 2018 earnings results and told investors it is anticipating EPS of $2.70 to $2.75 per diluted share on $7.2 billion to $7.35 billion in sales. These numbers beat the previous guidance. The company will be reporting its results on March 22nd.

Access RDI's Micron Technology, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=MU

Skyworks Solutions, Inc. shares closed up 10.44% on about 8.6 million shares traded in Tuesday trading. It was record results that had traders cheering and pushing the stock's share price up yesterday. Skyworks reported its Q1 results on Monday with revenue and profits at record levels. The numbers even beat management's projections. The results were so good that management even decided to announce a new $1 billion stock buyback plan as well as that it would expand its capital return program. The maker of highly specialized semiconductor chips reported that revenue grew 7% in the first quarter and 15% YOY. CEO Liam Griffin remarked, "As connectivity performance requirements intensify, Skyworks is leveraging our mixed signal expertise, scale and customer relationships to power the mobile economy and capitalize on several strategic growth catalysts. Our system solutions are enabling everything from industrial robotics to drones, autonomous vehicles, wireless infrastructure, home security systems and virtual assistants. Further, with the recent launch of our breakthrough Sky5 platform, Skyworks is well positioned to accelerate 5G deployments and, ultimately, to extend our competitive advantage".

Access RDI's Skyworks Solutions, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=SWKS

Our Actionable Research on Micron Technology, Inc. (NASDAQ: MU) and Skyworks Solutions, Inc. (NASDAQ: SWKS) can be downloaded free of charge at Research Driven Investing.

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