40.21 -0.11 (-0.27%)
After hours: 4:11PM EDT
|Bid||40.32 x 2200|
|Ask||40.30 x 1100|
|Day's Range||40.10 - 41.65|
|52 Week Range||28.39 - 64.66|
|Beta (3Y Monthly)||1.26|
|PE Ratio (TTM)||3.68|
|Earnings Date||Jun 18, 2019 - Jun 24, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||46.04|
How Micron Is Positioned in the Current Memory Downturn(Continued from Prior Part)Micron’s revenue driversMicron’s (MU) 26% sequential revenue decline in the second quarter of fiscal 2019 has reached the decline rates seen during the 2009
How Micron Is Positioned in the Current Memory DownturnMicron stock reacts to its earnings On March 19, we reported that the week would see some major price momentum in Micron Technology (MU) stock as the company prepared to report its fiscal 2019
Micron: Prices, Volumes, and Inventory Impact Its Earnings(Continued from Prior Part)Mobile Micron Technology (MU) offers DRAM (dynamic random access memory) and NAND (negative AND) solutions separately. The company even combines DRAM and NAND
Micron: Prices, Volumes, and Inventory Impact Its EarningsMicron’s end markets Micron Technology (MU) earns its revenues by selling DRAM (dynamic random access memory) and NAND (Negative AND) chips for PCs, data center servers, networking, GPU
It generates a lot of cash flow, and has a flexible balance sheet and very strong share repurchase program. CEO Sanjay Mehrotra used Micron's call as an opportunity to remind investors that, although Micron continues to navigate through a period of poor visibility, Micron's EBITDA margins have improved by 15% compared to rivals over the past two fiscal years. Micron only deployed $702 million towards share repurchases and my initial impression was that Micron had missed an opportunity to buy back more.
What's Ahead for Micron?(Continued from Prior Part)Analysts’ recommendations Out of the 34 analysts covering Micron (MU), 20 analysts rated the stock a “buy,” while 12 analysts rated the stock a “hold.” Two analysts have given the stock a
warned that its first quarter profits, already hit by slowing semiconductor sales and limp smartphone demand, would likely miss estimates as the world's biggest chipmaker provided a rare pre-earnings update to market regulators Tuesday. Samsung said weaker-than-expected business conditions in two of its key markets -- memory chips and panel displays -- would likely mean it first quarter profits will fall short of analysts' forecast. Investors had been expecting operating profits of 7.2 trillion Korean won ($6.4 billion) on sales of 53.7 trillion Korean won for the three months ending in March, an 11.4% decline from the same period in 2018 and the steepest slide in four years.
Micron Technology (MU) posted worse-than-expected earnings and revenue results last week as the chip firm faces a significant decline in DRAM and NAND pricing, along with reduced demand from the likes of Apple (AAPL). Shares of MU briefly climbed in response to the report and Micron stock is up roughly 27% this year. But the chipmaker's outlook appears rough going forward.
CEDARHURST, NY / ACCESSWIRE / March 25, 2019 / The securities litigation law firm of Kuznicki Law PLLC issues the following notice on behalf of shareholders of the following publicly traded companies. Shareholders who purchased shares in these companies during the dates listed below are encouraged to contact the firm regarding possible appointment as lead plaintiff and a preliminary estimate of their recoverable losses. If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court.
Attorney Advertising-- Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following publicly-traded companies. You can review a copy of the Complaints by visiting the links below or you may contact Peretz Bronstein, Esq. Class Period: common stock purchased pursuant and/or traceable to Arlo’s August 3, 2018 initial public offering (the “IPO” or the “Offering”).
It doesn't take much to send shares of Micron’s (MU) stock higher these daysMicron's release of second-quarter financials last week showed a significant decrease in key metrics, yet somehow the news pushed the stock nearly 10% higher. However, the stock has returned most of its profits as the broad market saw a substantial decline.Though the company announced a drop in revenue and EPS (20.5% and 39.4%, respectively), the bad results weren’t as bad as Wall Street was expecting. This is mainly because most investors knew the chips market has deteriorated over the past few quarters, leading to a collapse in NAND and DRAM prices, and therefore Micron’s bottom line. But Micron’s stock is up big so far in 2019, as many see the industry is turning around. MKM Partners analyst Ruben Roy sees it this way, too. The analyst reiterated a Buy rating on MU stock, while boosting his price target to $50 (from $44), suggesting the stock can rise about 24% upside from current levels. (To watch Roy's track record, click here)Micron second-quarter financials included revenue of $5.8 billion (compared to $7.4 billion last year) and non-GAAP EPS of $1.71 (compared to $2.82 last year). Both of these metrics were above management guidance, though 50% gross margin was at the bottom of management’s 50%-53% guidance.Roy say is is not surprising that Micron “noted its demand outlook for calendar 2019 has moderated, given greater than expected levels of customer inventory, weakening server demand at several enterprise OEM customers and worse-than-expected CPU shortages.” But while demand has been a challenge for Micron and others in the industry over the past few quarters, the company “expects DRAM bit shipments to begin increasing during its fiscal Q3 (August) with continued expectations for strengthening demand during the second half of the calendar year…”As a result of “lower near-term DRAM prospects, MU plans to idle approximately 5 percent of its DRAM wafer starts.” Roy says, “management believes this will bring production levels closer to its view of DRAM industry bit demand growth for calendar 2019,” and help better control expenses. On NAND, the analyst says, “Micron has been managing bit supply growth with adjustments to capital planning and wafer volumes. Management plans to reduce its total NAND wafer starts by approximately 5 percent, mostly through reductions on legacy nodes.” Roy views “the reduction in capacity as a positive for the company and as a cyclical bottom for the memory industry continues to take shape.”All in all, Micron’s second-quarter numbers were expected, which is why there wasn’t such a harsh reaction by investors. In fact, many see this as good news and a step in the right direction. TipRanks analysis of 27 analyst ratings generally agree with this assessment. Analysis shows a Moderate Buy rating, with 16 analysts recommending Buy, nine saying Hold and two Selling. The average price target among these analysts stand at price target of $46.75, which implies nearly 15% upside potential. (See MU's price targets and analyst ratings on TipRanks) More recent articles from Smarter Analyst: * Is This Cannabis Stock in Trouble? Jefferies Stays Bearish on Cronos (CRON) * As BlackBerry (BB) Earnings Come This Week, How Will Stock React? * Will Tesla's (TSLA) Tale of Two Guidances Weigh on Stock? * The New iMacs Will Not Propel Apple (AAPL) Stock to New Highs, Services and Software Will
Markets Weak despite Mueller Report: ‘It’s the Economy, Stupid’(Continued from Prior Part)Mueller reportUS President Donald Trump has received a major reprieve, as Special Counsel Robert Mueller’s probe didn’t find any evidence of
What's Ahead for Micron?(Continued from Prior Part)Micron’s cash flows and debt levelsMicron (MU) recorded operating cash flows of $8.2 billion and spent $5.4 billion in capital expenditure in the six months ending in February. The company ended
NEW YORK, March 25, 2019 -- The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. If you suffered a.
What's Ahead for Micron?(Continued from Prior Part)DRAM and NAND pricing declineMicron (MU) is the largest US manufacturer of DRAM (dynamic random-access memory) and NAND (negative AND) memory chips, which are mainly used in mobile devices and
What's Ahead for Micron?Micron’s revenues in Q2Micron’s (MU) revenue growth has fallen at a double-digit rate YoY for the past few quarters. However, the revenue growth rate has been declining for the past six straight quarters. In the second
Micron Technology Inc.’s stock surges for its best day in more than a year Thursday to lead chip stocks towards record highs as the memory chip maker took what analysts considered to be a more realistic view of the market and sought to curb production.