|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||30.67 - 30.67|
|52 Week Range||26.45 - 34.59|
|Beta (3Y Monthly)||0.12|
|PE Ratio (TTM)||1.06|
|Forward Dividend & Yield||0.19 (0.60%)|
|1y Target Est||N/A|
Memory stocks have been on the rise since June 25, when chip maker Micron Technology reported better-than-expected earnings results.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Toshiba Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Samsung (SSNLF) is contemplating lowering its memory chip production next year as a measure to manage supply and prices, those familiar with the matter have told Bloomberg.
Micron (MU) is seeing a growing demand for memory in the PC, graphics, and server space. Another big market for memory and storage is smartphones, where Micron earns 22% of its revenue.
Micron (MU) earns 26% of its revenue from NAND (negative AND), which is used to store data and is not mandatory for performance. So its demand is elastic, which means it’s sensitive to price.
The most eagerly anticipated earnings release of the month comes out September 20 after the market closes. Micron (NASDAQ:MU) will deliver its results for the quarter ending in August, and the whole technology marketplace could rise or fall on the earnings report from MU stock. Is MU Stock Cheap? At its current $45 price, Micron stock is super cheap.