Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, Dec. 16:

Micron Technology, Inc. (MU Quick QuoteMU - Free Report) : This memory and storage products company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 11.7% over the last 60 days.

Micron Technology has a PEG ratio of 0.38 compared with 1.28 for the industry. The company possesses a  Growth Score of A.

Sanmina Corporation (SANM Quick QuoteSANM - Free Report) : This global provider of electronics contract manufacturing services carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 38.9% over the last 60 days.

Sanmina has a PEG ratio of 0.66 compared with 1.85 for the industry. The company possesses a Growth Score of A.

Phibro Animal Health Corporation (PAHC Quick QuotePAHC - Free Report) : This animal health and mineral nutrition company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.1% over the last 60 days.

Phibro has a PEG ratio of 1.14 compared with 3.39 for the industry. The company possesses a Growth Score of B.

See the full list of top ranked stocks here.

Learn more about the Growth score and how it is calculated here.