|Bid||41.58 x 1300|
|Ask||41.66 x 1000|
|Day's Range||41.55 - 43.48|
|52 Week Range||28.39 - 64.66|
|Beta (3Y Monthly)||1.26|
|PE Ratio (TTM)||3.79|
|Earnings Date||Jun 18, 2019 - Jun 24, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||46.04|
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.
One of today's foremost value investors, Mohnish Pabrai (Trades, Portfolio) joined GuruFocus this week to share his insights and discuss recent portfolio moves. Warning! GuruFocus has detected 5 Warning Signs with CATS.
NEW YORK , March 22, 2019 /PRNewswire/ -- Corbus Pharmaceutical Holdings, Inc. (CRBP) Lifshitz & Miller announces investigation into possible securities laws violations in connection with an article published ...
Mario Draghi: Is another ‘Whatever It Takes’ Moment at Hand?(Continued from Prior Part)EuropeWhile the rest of the world recovered from the 2007–2008 financial crisis, Europe (VGK)(EZU) has been engulfed in one crisis after another.
NEW YORK, NY / ACCESSWIRE / March 22, 2019 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders ...
The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Micron Technology, Inc. (“Micron” or “the Company”) (NASDAQ: MU) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. You can also reach us through the firm's website at www.schallfirm.com, or by email at firstname.lastname@example.org.
The Latest Buzz in Tech: Micron, Apple, and TencentTech stocks continue to surgeStock markets were choppy on March 20, after the Fed’s dovish comments worried investors about an economic slowdown. However, stocks surged yesterday due to low
Why Semiconductor Stocks Soared Yesterday(Continued from Prior Part)Micron’s second-quarter resultsMicron (MU), the largest US chip maker, topped earnings and revenue estimates in the second quarter of fiscal 2019. Its EPS of $1.71 beat
Micron (MU) reported earnings after the close on Wednesday. The stock rocketed upwards by nearly 10% on the following session on Thursday. On first impressions the quarter was decent, as the company did deliver a modest beat on both sales and dil. EPS estimates. The analyst consensus expected revenue of $5.82 Billion and non-GAAP EPS of $1.67. The company reported revenue of $5.84 billion and non-GAAP EPS of $1.71, which represented a beat of $200 million on sales and $.04 dil. EPS beat.The stock surged on mostly constructive commentary tied to DRAM pricing trends, which has affected the company’s sales significantly in the prior year, as revenue declined by 20.5% year-on-year in Q2 2019. The reasoning for this was due to DRAM revenue, which represents 64% of Micron’s revenue. The DRAM average selling price fell in the low-20% range quarter-over-quarter, and shipment quantities also declined in the low double-digits according to management on the call.While, the issues expressed in terms of pricing were expressed on the call, the company’s CEO and CFO believed that supply-demand market imbalance was the main reason for pricing declines, and they were going to reduce supply of memory to reflect the weakness in the market. Micron’s management believes that a 5% reduction in production of wafer starts will help with managing the supply imbalance in the DRAM market.Despite the concerns with the revenue declines, much of this was already priced into the stock, which fell from its 52-week high of $64.66 per share. Assuming there’s a recovery in demand in the 2nd Half of 2019, there could be a solid recovery narrative here, which may explain the willingness of bulls to pile back into the stock on the following session.Source: MicronThe company had solid industry outlook with shipments expected to increase in the next quarter. 2019-bit demand growth will be in the low-to-mid teens: industry bit supply growth to reach mid-to-high teens, for DRAM.This has been a sore spot in Micron’s business for the past couple several quarters, so a recovery here would alleviate the stock price, as the valuation will recover on improving demand for DRAM.Also, NAND is expected to remain a growth business (storage). The company expects bit demand growth to accelerate to the high 30 percentage point range, which is good as NAND units grew in the high single digits in the current quarter.Assuming the business reverts from its cyclical market slump, investors are expecting momentum in terms of DRAM and NAND volumes though pricing is difficult to predict it seems like a recovery would also result in more stable pricing.The management team offered Q3’19 guidance which partially reflected some recovery in business fundamentals:With that in mind, our non-GAAP guidance for the fiscal third quarter is as follows: We expect revenue to be in the range of $4.80 billion, plus or minus $200 million; gross margin to be in the range of 37% to 40%; and operating expenses at approximately $785 million, plus or minus $25 million. Based on a share count of approximately 1.14 billion fully diluted shares, we expect EPS to be $0.85, plus or minus $0.10.The outlook was a bit soft when compared to analyst consensus estimates, with revenue expectations of $5.33 Billion and dil. EPS estimates of $1.23 for the next quarter, which compared to outlook of $5B and dil. EPS of $0.95 to $0.85.Perhaps, management reduced their outlook in anticipation of what could be a somewhat solid recovery in DRAM and NAND. This might position the company for a solid quarter, or we could be waiting for a while longer. In either case, most investors are anticipating a recovery in the stock price, and given the cyclical nature of the semiconductor industry, the company could soon be outperforming its own financial outlook assuming industry trends strengthen in the second half of 2019. Read more on MU * Is the Worst Behind Micron (MU) Stock? * Top Analyst Remains Sidelined on Micron (MU) Stock as Worries of Plummeting ASPs Accelerate * Top Analyst Sees Improving Conditions for Micron (MU), But the Stock Looks Fairly Valued More recent articles from Smarter Analyst: * Will New Streaming Service Propel Apple (AAPL) Stock to New Heights? * Analyst Commends Cannabis Stock Aurora (ACB) for Peltz Pick * This Cannabis Stock Just Got a Huge Vote of Confidence * Apple's (AAPL) Streaming Video Buzz: Should You Buy the Hype?
Fed’s Dovish Stance Surprised Jeffrey GundlachFed’s dovish tone While talking to CNBC on March 21, the “bond king” and DoubleLine founder, Jeffrey Gundlach shared his views on the Fed’s recent meeting and what it could mean for the
NEW YORK, NY / ACCESSWIRE / March 22, 2019 / The Law Offices of Vincent Wong announce that class actions have commenced on behalf of shareholders of the following companies. If you suffered a loss you ...
NEW YORK, NY / ACCESSWIRE / March 22, 2019 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed againstthe following publicly-traded companies. You can review ...
Why Semiconductor Stocks Soared YesterdaySemiconductor stocks are riding high On March 21, US and South Korean semiconductor stocks surged after chip maker Micron Technology (MU) reported upbeat fiscal 2019 second-quarter results (for the period that
When Will DRAM and NAND Market Forces Be Favorable for Micron?(Continued from Prior Part)Micron’s NAND earnings Micron Technology (MU) has been shifting to higher-value NAND (negative-AND) solutions, which accounted for 50% of the company’s NAND
Wall Street's main indexes were set to open lower on Friday after downbeat German data exacerbated fears of a slowdown in global growth following an abrupt dovish turn by the Federal Reserve earlier this week. German manufacturing contracted further in March, showing its lowest reading since June 2013 and adding to worries that unresolved trade disputes were slowing down Europe's biggest economy. "Today's economic numbers indicate the strong relationship that China has with Europe.
Chipmakers are on pace for their best first quarter, boosted mainly by an uptick in the data center segment and emerging trends such as 5G wireless, AI, self-driving cars and IoT.
Dancing with a fairly significant stumble after losing ground on Tuesday and Wednesday, the bulls opted to renew their bullishness on Thursday. The S&P 500 gained 1.09% in yesterday's action, leading the index to its best close since early October.Apple (NASDAQ:AAPL) offered the biggest helping hand, gaining 3.7% as investors wade in before Monday's event that will unveil its new on-demand video platform. Micron Technology (NASDAQ:MU) actually logged the bigger gain, however, advancing nearly 10% after posting second-quarter numbers that hinted at a turnaround taking shape in the second half of the year.They weren't all winners though. Biogen (NASDAQ:BIIB) plunged nearly 30% after the biopharma company decided to cancel the development of Alzheimer's drug aducanumab due to its ineffectiveness.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNone of those names are well suited for speculation as Friday's trading action kicks off, however. Rather, it's the stock charts of Morgan Stanley (NYSE:MS), Lowe's Companies (NYSE:LOW) and AT&T (NYSE:T) that hold the most promise, as each is only on the cusp of moving past catalytic levels. Morgan Stanley (MS)This week has been an especially tough one for banking and finance stocks. News that the Federal Reserve was going to put the brakes on its rate-hike plans upended these names, as the higher interest rates on the radar had led investors to believe bank earnings would also grow. Now they're not going to. * 10 Stocks on the Rise Heading Into the Second Quarter Curiously though, Morgan Stanley shares bounced on Thursday while most other financial names continued to lose ground. In context though, not only does the rebound make sense, it sets the stage for a major breakout thrust. Click to Enlarge • The big line in the sand now is around $45, plotted in yellow on the daily chart. That's where Morgan Stanley topped out the last two times it peaked.• MS shares have also already made their way above the upper edge of a falling trading range that has guided shares lower since early 2018.• Yesterday's reversal took shape right as the purple 50-day and gray 100-day moving average lines were revisited. This is the ideal spot to stage rekindled bullishness. Lowe's Companies (LOW)It has likely got more to do with the perceived rebound of the home-construction market and an encouraging outlook for remodeling spending this year. But whatever the reason, Lowe's Companies shares have largely confirmed that the uptrend put into motions in January is the real deal. Click to Enlarge • In December and January, the white 200-day moving average line acted as resistance. Once it was clearly in February though, it turned into support that prodded the current surge.• We're also nearing a so-called golden cross, where the purple 50-day moving average line moves above the 200-day average. This is often a sign of the beginning of a big bullish move.• Zooming out to a daily chart of LOW, we can see the path is cleared for a move to the $125 area, where the upper boundary of the trading range in place since late 2017 awaits. AT&T (T)The past two and a half years have been miserable ones for AT&T shareholders. From a peak near $43 in late 2016 to a low of less than $27 in December of last year, this blue chip has been very un-blue-chip-like. It's not like the past few weeks have offered any decisive hints that things are finally on the mend.There are a handful of very subtle but very telling clues, however, that point to real bullishness ahead if T shares can work past one important technical ceiling. Click to Enlarge • That ceiling is right around $31.40, where the stock peaked a couple of different times this year, and where the white 200-day line waits. The 200-day line has been a big problem for AT&T for a few months now.• Backing out to a weekly chart we can see T shares have already made a move above the falling resistance line -- plotted in yellow -- that's been guiding it lower since early 2018.• Still, this is a stock that has given us bullish headfakes before.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Specialty Retail ETFs to Buy the Industry's Disruption * 5 Stocks To Buy for the Happiest Employees * 3 Out-of-Favor Consumer Stocks to Buy Compare Brokers The post 3 Big Stock Charts for Friday: AT&T, Morgan Stanley and Lowe's Companies appeared first on InvestorPlace.
When Will DRAM and NAND Market Forces Be Favorable for Micron?(Continued from Prior Part)Micron’s NAND strategy Micron Technology’s (MU) core business is DRAM (dynamic random-access memory). The company also offers NAND (negative-AND), which is
Micron: Will Data Economy Opportunities Mitigate Industry Cyclicality?(Continued from Prior Part)Micron’s cyclicality: Boon or bane? In this series, we’ve learned that Micron (MU) is in a lucrative memory market, which has immense growth
U.S. stock index futures fell on Friday after downbeat German data exacerbated fears of a slowdown in global growth following an abrupt dovish turn by the Federal Reserve earlier this week. Economic data on tap includes the U.S. Services Sector Final Purchasing Managers' Index (PMI), which is likely to come in at 53.6 in March, compared with 53 in February.
The Dow fell 282 points, or 1.09%, by 9:55 AM ET (13:45 GMT) while the S&P; 500 slipped 27 points, or 0.94%, and the tech-heavy Nasdaq composite was down 85.5 points or 1.08%.