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Micron Technology, Inc. (MU)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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53.65-1.63 (-2.95%)
At close: 04:00PM EDT
53.53 -0.12 (-0.22%)
After hours: 07:59PM EDT
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  • M
    Mike
    So the question for longs is whether all the momentum, all the talk of entering a memory super cycle, better product mix, strong profitability through the trough cycle and $12-$15 earnings potential to drive multiple expansion, is that all dead or paused? Is there the potential once this thing turns that the theme is still on the table and those price targets over $100 can eventually be reached?
  • S
    Steve
    Hey Mike; I'll make it real easy for you, I bought at $51 and change on Friday. If you are a long term investor; MU is still a $100 plus a share company: MU bought almost a billion dollars of stock in 3rd. Q, MU increased the dividend by 15% and the future is bright for the #1 memory company in the world. Don't be fooled by others, you did your research and MU is a powerhouse ready to move. There are NO smoke and mirrors and if you are investing ( Like it use to be: 5 to 7 years out ) you will make money hand over fist in MU. MU went from $30.00 to $95.00 in 2 years and it will go from $45.00 - $55.00 range to $150.00 to $175.00 in the next 5 years. While you wait you will receive a dividend every quarter and that dividend will increase every year for the foreseeable future. Let the shorts and the negative people say what they will and let the true investors buy this cheap stock at a ridiculous value. MU is a long term hold, be well and good luck.
  • M
    Mike
    Considering the strong guidance last quarter given in March, and the very upbeat tone on investor day, one would have to think that either Micron is sandbagging next quarters earnings, or some serious economic slowing occurred in the last 6 weeks or so (a fairly extreme 180).
  • T
    Teresa
    AMZN pe 51
    MU pe 6

    MU makes chips that are needed.
    Amazon isn't needed ar all.
  • M
    Mike
    So MU veterans, what is the typical cyclical end game we are looking at here? To slip to a loss for a quarter or two?

    What are the chances that they still have positive earnings at the trough?
  • E
    Ed
    for the people that can't figure out what a PE is please understand that the earnings can be revised downward causing the PE to go up specially in a recession.
  • O
    Ollie
    Hopefully management and big LT investors step-up here soon. This doesn’t make any sense; major buying opportunity!
  • R
    R
    MU management has done a good job running the tech side of the business but has failed to improve shareholder value. Management compensation need to be solidly linked to share price in the future….. it’s time to purge the compensation committee and the puppet ‘compensation consultants’ they use.
  • G
    Gerry
    Best parts of the CC.
    1. We are maintaining pricing and margins and simply not taking lower margin business (pricing discipline).
    2. We think our stock is VERY cheap (at the current price) and will buyback shares very aggressively in the next quarter.
    3. We are reducing CAPX spending to maintain profitability and balance future supply/demand balance.
    4. We are the leader in almost every category and will have above average returns over the cycle.

    OK.....I take take that and buy some shares with a 5 year holding period.
  • d
    dave
    Or Tesla with 150 this has a 6 I will leave my money here
  • B
    B747
    I am loading
    Bullish
  • T
    TopFattCatt
    Cut earnings in half and the PE is still under 14.
  • J
    Jazenevc
    A few interesting notes from the earnings call transcript, just in case someone did not read it. They explain, basically, present point in both strategic and tactical terms.
    Start of quote
    We are also driving a portfolio mix shift toward higher growth and more stable markets. Fiscal 2021’s 55 to 45 revenue split in favor of the more mature mobile, PC and consumer markets is expected to shift, by fiscal 2025, to a 38 to 62 split in favor of the higher growth data center, auto, industrial, networking and graphics markets.
    End of quote
    Start of quote
    Data center fiscal Q3 revenue grew by a double-digit percentage sequentially and well over 50% year-over-year. Data center end demand is expected to remain strong in the second half of calendar 2022, driven by robust cloud CapEx growth. Despite the strong end demand, we are seeing some enterprise OEM customers wanting to pare back their memory and storage inventory due to non-memory component shortages and macroeconomic concerns.
    End of quote
    Start of quote
    A number of factors have impacted consumer PC demand in various geographies. As a consequence, our forecast for calendar 2022 PC unit sales is now expected to decline by nearly 10% year-over-year from the very strong unit sales in calendar 2021. This compares to an industry and customer forecast of roughly flat calendar 2022 PC unit sales at the start of this calendar year.
    End of quote
    Start of quote
    Given the change in market conditions, we are taking immediate action to reduce our supply growth trajectory. To protect profitability, we will maintain pricing discipline, manage capacity utilization, and use inventory as a buffer to navigate through this period of demand weakness. Additionally, we are planning for a reduced level of bit supply growth in fiscal 2023 and will use inventory to supply part of the market demand next year. This approach will enable us to reduce wafer fab equipment CapEx for fiscal year 2023 versus our prior plans, and we now expect our fiscal 2023 wafer fab equipment CapEx to decline year-over-year.
    End of quote
  • G
    Grantuphill
    $9 in cash per share on balance sheet, no debt. So you are getting this business for $45 per share. They just announced that they earned $2.59 a share and may 'only' earn $1.63 in the next quarter with expectation of a recession. So this company will have over $4 in earnings in just TWO quarters and trades at $45. And we have an industry-wide chip shortage right now affecting memory chips consumption.
    Make your own decision but risk/reward? Companies earning $6-8 with no debt dont get much cheaper than $45 which is where we are now.
  • b
    brian
    America is fortunate to still have Micron a high tech manufacturerl for a key component. If we let capital to play it as a commodity, sooner or later this key technology will be dominated by China and South Korea
  • S
    Seth
    Fool me once . . twice . . . three times . . . unless you are in for the (relatively) long term, ie, 18 months, then daily trades are really the only option left at this point . . .
  • S
    Seth
    And yet again, we live (well, perhaps limping) live to fight another day / week / month / year going forward, have a good long weekend . . .!
  • S
    Seth
    Achieved record revenue in auto during Q3 . . .
  • d
    dave
    Down less than than competitors today although forecast was bad the quarter was their best quarter yet during a quarter where economic growth was halted
  • D
    Dr T
    Someone explain the moat on this business if there is one? It’s cheap but so is intel why not buy the giant?
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