PREVIEW: Micron Technology shares edge up; results due after the bell

** Shares of Micron Technology MU.O were up 2% on Tues, with the memory chipmaker seen reporting a big increase in rev and EPS in its qtrly results, due after the closing bell

** The stock was bucking the broader trend in the market Tues, with the Nasdaq .IXIC last down 0.3%

** Analysts on avg expect MU to report Q4 rev of $11.223 bln vs $7.75 bln a yr ago, and to report earnings of $2.86/shr vs $1.18 a yr ago, according to LSEG

** The co has beaten analyst earnings expectations in all of the past eight reporting periods

** On August 11, Micron raised its forecast for fourth-quarter revenue and adjusted profit

** Analyst recommendations on the stock include 35 "strong buy" or "buy" ratings, eight "hold" ratings and one "sell" recommendation

** The median 12-mo PT on MU has been rising in recent weeks and was last at $160 vs $150 on August 23; the stock was last at $167.80

** This week, both Morgan Stanley and Stifel raised their PTs on the stock

** MU is up about 100% YTD compared with a roughly 17.6% gain in the Nasdaq in that period