56.05 +2.66 (4.98%)
Pre-Market: 9:23AM EDT
|Bid||56.27 x 1000|
|Ask||56.28 x 1000|
|Day's Range||52.85 - 54.65|
|52 Week Range||26.85 - 63.42|
|PE Ratio (TTM)||8.34|
|Earnings Date||Jun 27, 2018 - Jul 2, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||72.72|
Micron Technology, Inc. (MU) will host an Analyst and Investor Event today from 1:30 p.m. to 5:00 p.m. EDT in New York, NY. The company is also raising its revenue and earnings per share guidance for its fiscal third quarter, which ends May 31, 2018. The revised guidance is driven by strong execution and healthy industry conditions. Please refer to the documents the company files with the Securities and Exchange Commission, specifically the company's most recent Form 10-K and Form 10-Q. These documents contain and identify important factors that could cause the company's actual results to differ materially from those contained in projections or forward-looking statements.
While soft smartphone, PC and telecom equipment demand remain headwinds, secular trends such as automotive chip growth, rising cloud data center capital spending and IoT device growth don't show any signs of withering. , one of the world's largest RF chipmakers, sports an enterprise value (market cap minus net cash) of $16.1 billion. Like various other mobile chipmakers, softer-than-expected smartphone demand has weighed on Skyworks.
U.S. stock futures are battling higher this morning. Wall Street faces some stiff headwinds, but sentiment remains largely positive.
Stock futures rose Friday. Applied Materials fell on sales guidance. Chip-gear makers Lam Research and KLA-Tencor slid. So did Micron. Baidu fell as COO Lu Qi will leave the role and no longer oversee AI efforts.
The semiconductor group tends to be correlated, so disappointment around AMAT's outlook is likely to negatively affect stocks like Micron ( MU), NVIDIA ( NVDA), and Intel ( INTC) in the short-term. The impact of a reduced outlook and jaded investors may be temporary as the stock nears support.
Plenty of companies fit the former or the latter, many don’t fit either and a rare few can claim both descriptions. Micron Technology, Inc. (NASDAQ:MU) is one of the latter. Despite this, however, MU stock hasn’t been as much of a no-brainer trade as some investors may think.
Of all the semiconductor stocks in the universe of publicly traded companies, no stock ticker embodies price volatility on a daily basis like MU stock. The bullish appraisal had the effect of pushing Micron higher by more than 4.5%, much to the delight of bulls now enjoying gains in excess of 22% in just over two weeks. Bottom line — or more aptly, as the squiggly line on the price chart shows — volatility is definitely a two-way street in MU stock. Just ask investors how they enjoyed the prior couple weeks or even the past two or so months, within a bull market like no other in the realm of semiconductor stocks.
Wells Fargo, Kroger, Intel, Tesla, CBS and Fox are the companies to watch.
NEW YORK, NY / ACCESSWIRE / May 17, 2018 / Shares of both Micron Technology and Advanced Micro Devices saw a boost in share price on Wednesday after optimistic remarks from analysts. Micron was given an $80 price target from an RBC analyst who initiated coverage on the stock. Micron Technology, Inc. shares closed up 4.61% on almost 56 million shares traded yesterday.
BOISE, Idaho, May 17, 2018-- Micron Technology, Inc. Chief Executive Officer Sanjay Mehrotra will present on Thursday, May 31, at the Bernstein Strategic Decisions Conference 2018 in New York.. A live ...
Wall Street analysts have a problem with credibility, but they also pump up stock prices, which is beneficial for the average investor. This phenomenon was displayed Tuesday when a price-target increase for Micron Technology helped push the stock higher. Shares of Micron (MU) closed at $53 on Monday and traded for only 4.9 times the consensus earnings estimate of $10.91 a share for the next 12 months, among analysts polled by FactSet.
"Mad Money" host Jim Cramer breaks down how the unrelated stocks of Micron and Macy's managed to push the whole market higher. Cramer attributes the strength to a "vacuum of information" in the market. After CNBC's Jim Cramer watched the stocks of Micron MU and Macy's M spark what amounted to a broad-based rally on Wednesday, he knew he'd have to explain how this odd surge occurred.
Shares of several major tech firms with huge semiconductor businesses, Intel (INTC), Advanced Micro Devices (AMD), and Micron (MU), all saw their stock prices surge on Wednesday. Let's take a quick look why.
Last week I met with several executives of Intel (INTC) at the company’s headquarters in Santa Clara, Calif. Among them was Rob Crooke, who runs the memory-chip technology business for Intel, which includes NAND flash memory chips developed in partnership with Micron Technology (MU). The business also includes a newer, more novel type of device, “3-D Xpoint,” first introduced in July of 2015 via the Micron partnership, and now sold under the “Optane” brand by Intel. “We’re in a fantastic market, I can’t complain!” said Crooke with a smile, as I observed that the latest results, in Intel’s Q1 report on April 26, showed the memory business was on fire — sales were up 20% at $1 billion.
The Dow, S&P 500 and Nasdaq composite held solid gains in afternoon trading Wednesday as retail stocks garnered attention. The Russell 2000 outperformed and touched an all-time high.
The Nasdaq composite is leading the indexes higher. Chip, restaurant, apparel retail and other consumer spending stocks are pacing the upside.
The deluge of 13-F’s yesterday revealed huge (and some new) stakes of Micron (MU) by very smart tech investors. Coatue management revealed a 14.5 million share stake. Appaloosa and Duquesne upped their positions in the memory maker as well. To be fair Millenium, Point72 Hong Kong, and Bluecrest reduced their positions, but we mainly heard about the buys. Also remember that in January and February, Micron’s stock spent a lot of time in the low-to-mid $40’s. Then today, RBC analyst Amit Daryanani launched on the name with a bullish $80 price target, an outperform, and a thesis that investors are too negative on the memory cycle. I have know Amit for years and he is an excellent analyst – full stop. There is no but to that. He is smart, thoughtful, and taught me a lot about stocks I was…unwise about. He points out that the memory market is down from 15 players to 3, an excellent point for the long-term prospects of Micron. I remember visiting some of the 12 companies that have gone the way of the dodo in the early 2000’s – it was depressing. At any rate, Amit knows of what he speaks.
If you are looking to invest in potential stocks from the semiconductor space, you can’t ignore NVIDIA Corporation (NASDAQ:NVDA). For the past two years, NVIDIA has been impressing investors with its stellar performance, wherein the company’s quarterly revenues have been advancing at a rate more than 50%, earnings have tripled and shares have displayed more than six-fold growth, consequently. The share price rally highlights that the slew of bad news related to the company, such as sluggish demand from cryptocurrency miners and Uber’s driverless-vehicle test incident, which prompted NVIDIA to suspend test drives for all its driverless vehicles, did not have any negative impact on investors.
The Zacks Analyst Blog Highlights: GeoPark, Rocky Brands, Seagate Technology, HollyFrontier and Micron Technology