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Micron Technology, Inc. (MU)
NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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From Indian press today
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Hyderabad: Micron Technology, which had secured 1.1 million (11 lakh) sq ft of space in Gachibowli about two years back, is all set to unveil the new facility by the end of this year. It was the largest lease deal in SEZ in Telangana at that time and the construction of the building is on track, according to the company’s top officials.
Currently, Micron is operating out of a five lakh sq ft facility at Raidurgam and houses close to 3,000 employees. “We plan to shift the existing employees to the new facility and also add 2,000 employees thus taking our total headcount to 5,000 in the next couple of years. While currently, we have 3,200 employees in India, about 90 per cent of them work in Hyderabad and the rest are in Bengaluru and New Delhi. Hyderabad is the headquarters site for Micron in India and it houses 14 centres of scale and expertise here,” says Anand Ramamoorthy, V-P and MD, Micron India.
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Oh well, best thing to do with this stock is just go short. Regardless of booming market, excellent financial results, stong growth, and miniscule PE, it just keeps going down
Guys, check out (
). They have been crushing it lately while MU barley does anything at all.
NVDA, AMD, and MU will close green today. MU is one of the best deals available. $20+ after next ER. India factory online late 22. Fastest DRAM. 5G and memory requirements off the chart. Anti-chinese product wave and external supply chain will be demonstrated shortly with backorder log and price increase. Next buy set at $75, almost made it yesterday.
80/50 rule in full display. Why buy and hold is NOT the best idea when it comes to trading growth stocks. After a secular top (late November/December), market leaders will experience a 50 percent decline 80 percent of the time, and an 80 percent decline 50 percent of the time.
Only question worth pondering is whether MU goes down fifty or 80. Don’t think its possible, look at NVDA.
I think this market bottoms out in late August/ mid September. That by no means that its back to the good ole days, just a bottom. Many of these damaged stocks will take years to recover. One example is CROX. CROX was a darling of Wall Street killing earnings back in 2007, it took 14 years to get back to even.
Citi reiterates $120 price target on Micron after analsyt meeting
Citi analyst Christopher Danely reiterates a Buy rating on Micron Technology with a $120 price target following the company's analyst meeting. Micron announced a long-term financial model with a high single-digit revenue growth and a 30% operating margin target, in line with its recent financial performance, Danely tells investors in a research note. The analyst believes the 30% normalized operating margins translates to roughly $7.75 in normalized/through-cycle earnings per share. Micron is one of the only stocks in Citi's coverage universe at mid-cycle margins with low exposure to excess inventory, says the analyst.
So just an observation; if this quarter ends with a negative GDP print, aren’t we in a recession? If so, how come no one’s saying it? Based on the stock market action, doesn’t seem like economy is rebounding from 1st qtr negative GDP
revenue growth of %20, PE of 7 tons of cash and why?
Bubba Bo Bob
I am kinda surprised that the machines liked the Powell reiterate that they are going to keep raising rates until inflation is checked (paraphrase). I wonder if it will be another case of today's good news is tomorrow's bad news like last time the Powell talked. Maybe I missed something, but nothing almost 6% gain worthy happened...Who knows.... GLTA
Don’t know where everyone is getting the notion that this stock is cheap. By what metrics is this stock cheap?
Comparative to peers? It’s always been just as it is at the moment, trading at a PE of 6-10 inclusive of current and forward numbers. The only time the PE has gone higher is when earrings dropped faster than the PPS but the PPS eventually sold down to equate the PE of 6-10….. several times down to a PE of 2-3.
Until the market changes its mind or disposition towards the company/stock, which it hasn’t in three decades that I’ve been trading/investing in this, the PPS will not reflect a better PPS in relation to the PE.
Plain and simple.
The earrings may materialize in the next 12-18 months and the company might eventually see $12 per share earrings but without a higher multiple it is a pointless conversation.
$12 at the current PE is under the recent high.
Again, simple math.
Don’t know what it’s going to take to get WS to value the stock on a greater multiple but one thing is for sure NOTHING of the positive events and achievements that have taken place in the last few years (or longer) has made a difference.
For those of you that might think I’m knocking the stock, I’m long a pickup load and several bags worth….. no longer disclosing numbers due to panties getting bunched up. 😂😂😂😂
Just sold half my MU shares and bought an equal $ amount of NVDA. Let the race begin !
(and no need to remind me I shoulda/coulda done this 1 year ago, 2 years ago, 5 years ago ...)
Sad that most Semi's (TSM< AMD< WDC< ASML< QCOM< LRCX< KLAC, AMAT) are up today in a down market but this is down, tired of everybody raving about AMD. Might consider lighting up on the position. Have to say very disappointing hope this turns around.
Reiterated as Buy at Needham. Price target $130. The analyst raised estimates for trough/peak earnings from $2.82/$11.96 to $5.75/$19.00.
Taiwan news today
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TAIPEI, May 20, 2022 /PRNewswire/ -- TAITRA (Taiwan External Trade Development Council) announced today that David Moore, senior vice president and chief strategy officer of Micron, will deliver a 2022 COMPUTEX keynote speech on Wednesday, May 25, at 11:00 a.m. Taipei time (UCT+8) themed "The Era of Pervasive, Data-Driven Experiences." Micron's President and CEO Sanjay Mehrotra will also join to share Micron's continued commitment to its critically important operations and partnerships in Taiwan. Moore will discuss Micron's view on how new technologies across devices, the intelligent edge, data centers and the cloud are enabling an emerging world of rich, pervasive, data-driven experiences that transform the way we live and work. Micron's close collaborations with global partners across the technology ecosystem is key to providing breakthrough user experiences and productivity gains at scale.
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Every major market meltdown in history started with the market already beating oversold. Yesterdays distribution day after a follow through day should make you take heed. It’s a warning. Cash continues to be king. Reliable bottom has not been established.
Micron announces new pricing agreement for stability. A top ten customer has already signed up for a $500M three year deal. Interesting shift in strategy & I like it.
700M$ buyback this quarter more coming, 15% dividend increase!
Should have a small rally tomorrow by looking at the technicals. Today was a pullback day
It’s go time 🚀 🐮
MICRON TO GROW 30% ANNUALLY OVER NEXT 5 YEARS-
Analysts expect the company to finish the fiscal year with a 21.6% increase in revenue to $33.7 billion, while earnings are anticipated to jump 58% to $9.58 per share. Even better, Micron is expected to sustain this momentum in fiscal 2023 as well, with revenue expected to grow over 20% and earnings expected to jump 32%.
The five-year earnings growth forecast for Micron also appears to be bright, with annual growth expected to come in at nearly 30%. So, the favorable memory market conditions due to solid demand and tight chip supplies could continue to be a tailwind for the memory specialist.
That's why Micron looks like a solid semiconductor bet for investors looking to make the most of the chip shortage, especially considering that it trades at just 9 times trailing earnings despite clocking impressive growth
This morning at ~9am on the news stream - BOISE, Idaho , May 11, 2022 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU), today announced it has surpassed 50,000 lifetime patents, reinforcing the company’s leadership in innovation. Patents play a key role in Micron’s technology leadership strategy, from creating the world’s smallest 256K DRAM chip in 1984, to delivering the first 1-alpha DRAM shipment in 2021—with thousands of inventions in between. More than 4,000 team members across 16 countries have contributed to this notable accomplishment over the course of Micron’s 43-year history.
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