|Bid||0.00 x 1000|
|Ask||0.00 x 800|
|Day's Range||42.11 - 43.39|
|52 Week Range||37.52 - 64.66|
|Beta (3Y Monthly)||0.92|
|PE Ratio (TTM)||3.68|
|Earnings Date||Dec 17, 2018 - Dec 21, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||67.87|
Semiconductor stocks have been struggling recently, but the Internet of Things remains one of tech's most exciting growth industries, and several chipmakers are poised to benefit. Check out these Internet of Things stocks to buy now!
Semiconductor analysts at Morgan Stanley, Deutsche Bank, SunTrust Bank and other investment houses have been sounding the alarm for weeks now. Intel Corporation ( INTC) shares spent years struggling in the $20s and $30s, finally breaking out in the fourth quarter of 2017 and entering an uptrend that posted a 17-year high in the upper $50s in June. It has been all downhill since that time, with the industry leader retreating nearly 25% while breaking support at the 200-day exponential moving average (EMA).
When it comes to chipmaker Micron (NASDAQ:MU), the investment thesis is exceedingly simple. You want to own Micron stock when the music is playing, and you want to avoid it when the music isn’t playing.
Micron Technology, Inc., (MU) today announced it has appointed two distinguished finance and technology industry leaders, Mary Pat McCarthy and Steve Gomo, to its board of directors and audit committee. McCarthy is a veteran of KPMG, a world-leading audit, tax and advisory firm, where she led the international practice serving software, electronics, communications and media companies. McCarthy has extensive experience in the technology space through client engagements with many leading companies. As U.S. Vice Chair, McCarthy focused on growing KPMG’s global business and developing partners’ skills.
It’s important not to overreact to the recent declines in Nvidia (NASDAQ:NVDA) stock. Long-term, I still believe Nvidia stock is a buy. Short-term, it has been a different story. Nvidia stock has fallen 18% in just the last eight trading sessions before today.
Intel (INTC) is seeing strong growth from its data-centric business, which is driving its revenues and profits in dollar terms. Its operating cash flow rose 18.0% sequentially and 57.5% YoY (year-over-year) to $7.4 billion in the second quarter. Intel’s second half is stronger than its first half in terms of revenues and cash flows as seasonal demand increases.
Micron Technology Inc along with its subsidiaries provide memory and storage solutions. Micron Technology Inc had annual average EBITDA growth of 28.40% over the past ten years. GuruFocus rated Micron Technology Inc the business predictability rank of 3.5-star.
NEW YORK, Oct. 15, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Micron Technology (NASDAQ:MU), which provides semiconductor systems, has had a difficult time since June. While high volatility in the broader technology market is likely to continue for several more weeks, there are two mildly bearish plays in MU stock that I want to share with you, as each play could lead to impressive profits.
Micron's (MU) robust investments aim to provide a push to advancements in artificial intelligence and machine learning, especially in self-driving vehicles and factory automation.
The second round of 10% tariffs on $200 million in Chinese (FXI) goods, which went into effect on September 24, includes GPUs (graphics processing units). These tariffs could rise to 25% effective January 1, 2019, if no negotiations are resolved between the United States and China.
The US tariffs on Chinese goods would impact US companies that manufacture or import goods from China (FXI), including Micron Technology (MU). Micron Technology is the world’s third-largest memory chip maker and competes with South Korean rivals Samsung (SSNLF) and SK Hynix in terms of price and technology. As Samsung and Sk Hynix have a cost advantage over Micron in the DRAM (dynamic random-access memory) market, they can offer DRAM at a lower price than Micron and still remain profitable. The second round of 10% tariffs on $200 billion of Chinese imports includes SSDs (solid-state drives) and printed circuit board assemblies that integrate DRAM (dynamic random-access memory) modules to electronics devices.
The chip maker is seeing a stream of upbeat analyst comments a day after a presentation on the role memory plays in artificial intelligence.
Does the Sell-Off Imply Market Repositioning for Lower Growth? Technology companies are the ones leading the current market decline. Amazon (AMZN), Netflix (NFLX), and Apple (AAPL) stocks took a sound beating yesterday and plunged 6.1%, 8.4%, and 4.6%, respectively.
China (FXI) is the global manufacturing hub of semiconductor and consumer electronics. The US tariffs would make goods manufactured in China expensive for US companies, encouraging them to move their operations or supply chains away from China. According to DRAMeXchange, 40% of the global server demand comes from North America as big cloud companies like Google and Amazon order in bulk.
Among these groups were SIA (Semiconductor Industry Association), SEMI (Semiconductor Equipment and Materials International), and the CTA (Consumer Technology Association). Despite this domestic opposition, President Donald Trump went ahead with the tariffs. The Trump administration stated that tariffs were important as there is no trade agreement that would put an end to China’s anti-competitive policies and better protect American intellectual property.
Semiconductor stocks have also had a volatile year. These stocks have corrected significantly after trading at record highs earlier this year. The SMH VanEck Vectors Semiconductor ETF (SMH) has fallen 1.5% in 2018. Micron (MU) stock rose from $39.40 on February 5 to $62.62 on May 29. The stock has since declined 33.5% to $41.61. Micron stock has lost 8% this month, and it fell 1.6% yesterday. The 2019 forward price-to-earnings for Micron is 4.06x and 4.24x for 2020.
In theory, tariffs are used to make imported goods costlier than domestic goods in order to encourage consumers to buy domestic goods. The United States imposed tariffs on Chinese (FXI) goods to make American goods cheaper and promote local business. The cheap Chinese labor encouraged most US tech firms to outsource the manufacturing or assembly of their products to China and then import the finished goods to the United States.
The Idaho-based memory chip maker launched a corporate venture capital programme more than a decade ago, but its investments until now had been "very sporadic" and "very close to our core business" of making chips, Sumit Sadana, Micron's chief business officer, told Reuters. The existing venture operation's returns have been solid, but the company believes it can ultimately sell more memory chips by expanding its involvement in artificial intelligence because the field deals with huge amounts of data that need to be stored on its products, he said at Micron's first artificial intelligence conference in San Francisco where it announced the move. The newly earmarked funds will be invested in both hardware and software startups working on artificial intelligence, Sadana said.
Micron believes that AI will shape its destiny -- and is putting its money where its mouth is. and elsewhere, explained artificial intelligence as the central trend driving an explosion in memory and storage needs, and announced a $100 million fund for venture investments in the areas of AI and machine learning. Click here to register for a free online video in which TheStreet's retirement expert Robert Powell and an all-star panel run down all you need to know.