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Micron Technology, Inc. (MU)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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79.34+0.06 (+0.08%)
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  • A
    Anonymous
    Graphics DRAM Contract Prices Projected to Rise by 8-13% QoQ in 3Q21 Due to Tight Supply in Contract Market - TrendForce

    "TrendForce’s latest investigations find considerable discrepancy between prices for graphics DRAM products in the contract market and in the spot market. Quotes for graphics DRAM products continue to rise in the contract market as the severe undersupply situation persists. Furthermore, the supply fulfillment rates for orders from some medium- and small-size clients have been hovering around 30%. This undersupply situation is expected to persist through 3Q21, during which graphics DRAM contract prices are expected to rise by 8-13% QoQ."

    "TrendForce expects four key factors to continue driving up graphics DRAM prices in the contract market. First of all, demand in the PC market remains high, particularly for gaming products. Secondly, DRAM suppliers' production capacities allocated to most clients are constrained by the fact that Nvidia bundles its GPUs with graphics DRAM, meaning DRAM suppliers have prioritized capacity allocation to Nvidia as opposed to smaller clients. Thirdly, both the Xbox Series X and PS5 are equipped with GDDR6 16Gb chips, which is different from GDDR6 8Gb chips. As the two chips are non-interchangeable, once DRAM suppliers commit their production capacities for one, they can no longer produce the other using the same batch of wafers. Finally, since there has been a resurgence of server DRAM orders, DRAM suppliers are still prioritizing the production of these products as they are a mainstream market product. As various products each compete over limited DRAM production capacities, graphics DRAM contract prices are expected to undergo an increase going forward. In particular, medium- and small-size OEMs/ODMs may likely face double-digit percentages increases."
    Bullish
  • S
    Stella_Blue
    S&P Revises Micron Technology Outlook to Positive From Stable on Improved Operating Performance; 'BBB-' Rating Affirmed
  • A
    Anonymous
    SK Hynix server DRAM defects send spot prices up - DigiTimes

    "Spot market prices for server DRAM memory have shown a sudden rise amid speculation over a batch of SK Hynix-produced defective wafers, according to industry sources."
    Bullish
  • K
    Kafil
    The tech stock fell on news that Edgewater Research analysts predicted softer demand and improved inventory leading to lower DRAM prices in the second half of the year.

    Rosenblatt analyst Hans Mosesmann responded to the forecast by noting that Rosenblatt's checks indicate strong price momentum for DRAM. Indeed, Mosesmann predicts pricing growth throughout the year. The analyst even reiterated a $165 12-month price target for the stock, which represents more than 100% upside from where it is trading today.
  • R
    Rusty
    Looks like todays big money plan is to bring MU into the $75. range before end of month earnings BEAT, trying to limit upside. Effum, Adding more under $80.
    Bullish
  • R
    Rusty
    I first bought into MU in early 2018 and waited 3 years to sell for a 70% return. I'm back in and willing to wait 3 more years for another 70% if needed. It's not the 500% some meme stocks are producing but at least MU actually ,"PRODUCES" .
    Bullish
  • J
    Joseph
    The stock dropped today because Edgewater analyst forecast decreased DRAM prices in the second half. The analyst for Rosenblatt countered that price momentum will continue to be strong and reiterated a price target of 165 for MU. Now would be a good time for him to reiterate his strong buy and indicate that he is maintaining the price target. See below

    "So what
    The tech stock fell on news that Edgewater Research analysts predicted softer demand and improved inventory leading to lower DRAM prices in the second half of the year.

    Rosenblatt analyst Hans Mosesmann responded to the forecast by noting that Rosenblatt's checks indicate strong price momentum for DRAM. Indeed, Mosesmann predicts pricing growth throughout the year. The analyst even reiterated a $165 12-month price target for the stock, which represents more than 100% upside from where it is trading today."
  • Y
    Yk
    I went from 20’s to 50’s few years ago where analysts avg target was 80’s but then back down to 30’s now up to 90’s to high 70’s even as analysts upgrades once again avg target $120’s same bsss although this time I think analysts are and will be correct as mu is in better situation!
    I strongly thing mu will be higher by Er!
    Regardless just need to stay long in order to make some money here!
    Bullish
  • E
    Ernie
    This is now $10 below the lowest analyst target and over 40% below the most optimistic analysts targets. You really have to question how smart the analysts are.
  • t
    tariq
    amazing that two days in a row it opens strong and then melts right away. Strange dynamics
  • M
    Michael
    Whos Edgewater and who cares? Market Maker manipulation to get out of puts. I have been buying between $79 and $84. I have been in since $28. I am sure some have been in at lower prices, long term view is noteworthy
  • h
    harry
    ultimately shorts, the market is rational and the price reflects a company's quarterly performance and guidance. Mu 7.6 billion revenue June 30, 2021. Deal with it.
  • A
    Anonymous
    Memory Prices Likely to Continue Rising in 3Q21 as Suppliers Keep a Low Level of Inventory - TrendForce

    "Memory suppliers are currently carrying a relatively low level of inventory because of aggressive stock-up activities of clients across different application segments in 1H21, according to TrendForce’s latest investigations. More specifically, inventories of DRAM suppliers and NAND Flash suppliers are averaging 3-4 weeks and 4-5 weeks, respectively."

    "The overall procurement of server memory products is expected to intensify in 3Q21, so memory suppliers do not see the necessity in lowering quotes to drive sales."

    "TrendForce forecasts that DRAM prices will rise further by 3-8% QoQ for 3Q21."

    "On the other hand, thanks to the growing demand for enterprise SSDs and NAND Flash wafers, TrendForce has also corrected up the magnitude of the QoQ increase in NAND Flash prices for 3Q21 to 5-10% (compared with the previous projection of 3-8%)."
    Bullish
  • h
    harry
    5% Green today!
    The rhythm and roll of the stock portend a green day and its also called Karma, you can only hold a good company down for so long until it bite's ya'll in the but.
  • E
    Ex-Pathological Liar In Chief
    Just a little trading history for those new to the stock market and MU. MU hit it's all time high back in July of 2000 at around $97/share. Back then it was a Wall Street darling and the best thing since sliced bread. If someone listened to all the hype and bought at $97 and held on as a "Long Term" holder, they would still be under water because MU has been DEAD Money for 21 years. Even if someone bought at a lower price leading up to it's all time high, MU has not advanced above $97/share in 21 years! There were MANY similar stocks back then that did the same thing'; CSCO is one of them. If you just buy on fundamentals and don't utilize risk management and technical analysis, you will eventually be stuck in an underperforming, dead money stock for years/decades to come!!
  • n
    novice
    I would be happy with 1% gains each day all the way to earnings, that would put us close to 90. Then, if the stars line up just right, earnings report gets us a nice 10-15§ pop and begin the next leg up.
    Bullish
  • E
    Eric Uddenberg
    “Micron fell on news that Edgewater Research analysts predicted softer demand and improved inventory leading to lower DRAM prices in the second half of the year. 

    Rosenblatt analyst Hans Mosesmann responded to the forecast by noting that Rosenblatt's checks indicate strong price momentum for DRAM. Indeed, Mosesmann predicts pricing growth throughout the year. The analyst even reiterated a $165 12-month price target for the stock, which represents more than 100% upside from where it is trading today.”

    MF
    6-8-2021
    3:15pm EST
  • B
    Bill
    TheFlyOnTheWall notes The largest open interest changes in the past few days were with MU and AMC
  • M
    Michael F
    So you sold yesterday in a panic........stop letting these so called analyst make predictions, price drops dramatically and you sell to their financial connections letting them make money off your loss. Revenue and profit will determine the SP on all stocks............
    Bullish
  • L
    Lucas
    This stock is about to move nicely to the upside. Bought 400 shares to show my commitment.