Micron Technology (MU)

Re: Micron Technology (MU)

Postby winston » Thu Aug 22, 2019 6:56 am

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Micron Technology (MU)

Micron Technology (NASDAQ:MU) has been a cheap stocks for awhile, but it’s bumping up against being properly valued.

It’s not an easy idea for some investors to get behind.

Micron beat the previous quarter’s estimates by more than 30% and looks as if it might be coming out of the chip glut cycle better than it entered it.

This is a cycle investors have seen over and over again, however, with the same end result every time. That is, producers will curtail production, abating supply and restoring pricing power.

Rivals Samsung Electronics (OTCMKTS:SSNLF) and SK Hynix, in fact, have already slowed their DRAM expansion plans, and Micron had undertaken a project to cut capital expenditures by more than $1 billion this year.

It could take a while for tempered production to restore DRAM prices, but trading at only 5.22 times this year’s projected per-share profits, MU stock is worth the wait. It has been every time before.

Source: Daily Trade Alert
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Re: Micron Technology (MU)

Postby behappyalways » Thu Dec 19, 2019 11:32 am

Micron is up because its earnings beat forecast which is very much lower than last year. This is the situation in US. Sentiment driven. Give low forecast beat it and then share price hits record even though the earnings are lower than previous year.

On a year-over-year basis, Micron earnings fell 84% while sales dropped 35%.

It was the company's fourth straight quarter of declining sales and earnings as it rides out the cyclical downturn in the memory chip business.


Micron Stock Rises On First-Quarter Sales, Earnings Beat
https://www.investors.com/news/technolo ... -mu-stock/
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Re: Micron Technology (MU)

Postby winston » Mon Apr 06, 2020 12:14 pm

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This Tech Stock is a Screaming Buy

by Keith Fitz-Gerald

DRAM stands for “dynamic random-access memory,” and it’s a key component in everything from modern computers, to smartphones, video games, portable devices, medical equipment and more.

There are really only three players in town.

Micron has an exceptionally strong balance sheet coming into the coronavirus crisis, with more than $8 billion of cash on hand with additional credit capacity of $2.5 billion on tap if needed.

Management upgraded EPS guidance to $0.55 from $0.45 last quarter, even in the face of growing coronavirus concerns.

DRAM prices are going up as demand for coronavirus-driven tech spending rises. Estimates vary, but projections range from 15% on the low side to more than 25% on the high side.

Micro is tapped into that with something called 3D Xpoint, and it’s the only company with a “portfolio” of memory needed to bridge the gap between current 4G technology and what’s to come.


Source: Total Wealth

https://dailytradealert.com/2020/04/05/ ... aming-buy/
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Re: Micron Technology (MU)

Postby behappyalways » Fri May 29, 2020 4:25 pm

Micron's stock swings to a gain after profit, revenue outlook raised
https://www.marketwatch.com/story/micro ... ck_seemore
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Re: Micron Technology (MU)

Postby winston » Sat Jun 06, 2020 9:20 am

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Micron Technology

Memory-chip giant Micron Technology (NASDAQ:MU) has fallen 9% in 2020, and the stock is trading 20% below February’s 52-week highs. You can pick up Micron shares for the ultralow valuation of 10 times forward earnings right now.

The coronavirus pandemic slammed the brakes on short-term demand for many of Micron’s most important target markets, including smartphones and cars, which explains why the stock is so cheap right now.

But the health crisis also softened that blow by driving strong demand for home office equipment such as desktop and laptop computers, better home networking gear, and handy tablet computers — all of which require plenty of DRAM and NAND memory chips.

Cloud computing is another red-hot sector that leans heavily on DRAM and NAND memory chips.

In the long run, weakened end markets like smartphones and automotive computing will come back strong when the COVID-19 crisis ends. Micron investors will remember 2020 as a speed bump on the road to fantastic long-term growth.

Micron CEO Sanjay Mehrotra explained the situation this way at an online industry conference last week: “5G will be a significant growth driver for multiple years in terms of increased unit sales as well as increased content for both DRAM and NAND. …

We are at the sweet spot of the growth cycle in data center, and data center is a long-term growth driver for the industry.”

If you’re not buying Micron at these low prices, you’ll regret that decision in 2021 and beyond.

Source: Tech Stock Sensei
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Re: Micron Technology (MU)

Postby behappyalways » Wed Sep 30, 2020 9:35 am

Micron stock slides as weak outlook follows doubled earnings
https://www.marketwatch.com/story/micro ... ewer_click
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Re: Micron Technology (MU)

Postby behappyalways » Fri Jul 01, 2022 4:02 pm

Micron's dim outlook suggests tech spending is on the wane
https://www.theedgesingapore.com/news/t ... nding-wane
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Re: Micron Technology (MU)

Postby behappyalways » Wed Aug 10, 2022 12:10 pm

Micron adds to growing evidence chip demand is collapsing
https://www.theedgesingapore.com/news/s ... collapsing
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Re: Micron Technology (MU)

Postby behappyalways » Sun Oct 02, 2022 5:12 pm

Despite Horrific Guidance And Recession Warnings, Micron Rises Thanks To Aggressive Capex Cuts
https://www.zerohedge.com/markets/despi ... capex-cuts
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Re: Micron Technology (MU)

Postby behappyalways » Thu Nov 17, 2022 6:24 pm

Micron Slides After Cutting Wafer Starts By 20%, Slashing CapEx; Drags Chipmakers Lower
https://www.zerohedge.com/markets/micro ... kers-lower
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