|Bid||67.71 x 1200|
|Ask||67.55 x 1400|
|Day's Range||65.14 - 68.62|
|52 Week Range||31.13 - 68.63|
|Beta (5Y Monthly)||1.26|
|PE Ratio (TTM)||28.28|
|Earnings Date||Jan 07, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||May 07, 1996|
|1y Target Est||72.02|
The global semiconductor industry will return to growth this year despite disruptions from the Covid-19 pandemic, a new forecast shows. Memory-chip companies will post the biggest gains.
Micron stock (ticker: MU) was up 5.6%, at $67.68, in recent trading. Micron’s main rivals, (005930) (005930.Korea) and (000660) (000660.Korea), closed up 1.7% and 3.1%, respectively, in Tuesday trading. Micron said that it now expects fiscal-first-quarter earnings of 61 cents to 65 cents a share, on sales of $5.7 billion to $5.75 billion.
Shares of Micron Technology (NASDAQ: MU) were trading 6.2% higher by 11:50 a.m. EST, boosted by a fresh set of guidance targets for the first quarter of fiscal year 2021. The midpoint of Micron's revenue guidance was boosted from $5.2 billion to $5.73 billion. Micron's adjusted first-quarter earnings are now seen landing near $0.71 per share, up from $0.47 per share.