43.64 -0.31 (-0.71%)
Pre-Market: 7:55AM EST
|Bid||43.67 x 100|
|Ask||43.78 x 200|
|Day's Range||42.73 - 44.66|
|52 Week Range||22.64 - 49.89|
|PE Ratio (TTM)||6.87|
|Earnings Date||Mar 21, 2018 - Mar 26, 2018|
|Forward Dividend & Yield||0.00 (0.00%)|
|1y Target Est||58.89|
Yahoo Finance's Jared Blikre joins Alexis Christoforous from the floor of the New York Stock Exchange to discuss the latest on the markets.
Yahoo Finance's Alexis Christoforous and Jared Blikre break down the latest market action.
In the previous part of this series, we saw that Micron Technology (MU) has accelerated its deleveraging efforts to become investment grade. It also seeks to withstand any major memory market downturns while remaining cash flow neutral. Micron is making efforts to become net cash positive by the end of fiscal 2018 and maintain positive cash flow.
Micron Technology, Inc. (NASDAQ:MU) is joining forces with hardware IP players including American tech licensing firm Rambus, having made a name for its intellectual property-based litigation on the heels of the introduction of DDR-SDRAM memory, Northwest Logic (a provider of silicon-proven, high-quality IP cores), and Avery Design. Deliver to the table an expansive solution, from memory to PHY to Controller to Verification IP.
Micron Technology, Inc. (NASDAQ:MU) got off to a roaring start in 2018. One is that MU is mired in a light fight with United Microelectronics Corp (ADR) (NYSE:UMC) regarding alleged patent infringement. Back in 2016, MU stock broke below $10 because of oversupply issues.
Now Micron Technology’s (MU) cash flow is strong, the company has returned to strengthening its balance sheet—which the previous management leveraged. Micron’s two cash priorities of capital expenditure and debt repayment are viewed by different investors in different ways. Investors who prefer debt repayment are also divided on how Micron should implement its repayment strategy.