43.95 -0.04 (-0.09%)
After hours: 7:59PM EDT
|Bid||43.92 x 900|
|Ask||43.95 x 3100|
|Day's Range||41.66 - 44.21|
|52 Week Range||28.39 - 64.66|
|Beta (3Y Monthly)||1.26|
|PE Ratio (TTM)||4.01|
|Earnings Date||Jun 18, 2019 - Jun 24, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||46.04|
Law Offices of Howard G. Smith reminds investors of the March 25, 2019 deadline to file a lead plaintiff motion in the class action filed on behalf of investors that purchased Micron Technology, Inc. (“Micron” or the “Company”) (NASDAQ: MU) securities between September 26, 2017 and November 19, 2018, inclusive (the “Class Period”). Micron investors have until March 25, 2019 to file a lead plaintiff motion. Investors suffering losses on their Micron investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to firstname.lastname@example.org.
Trump’s at It Again: Markets Spooked by Tariff Warning(Continued from Prior Part)US-China trade talksThe US-China trade talks are set to resume next week. The two sides have held four rounds of trade talks since President Trump and President Xi
Pomerantz LLP announces that a class action lawsuit has been filed against Micron Technology, Inc. (“Micron” or the “Company”) (MU) and certain of its officers and directors. The class action, filed in United States District Court, Southern District of New York, and indexed under 19-cv-02136, is on behalf of a class consisting of all persons and entities, other than Defendants and their affiliates, who purchased or otherwise acquired Micron securities between September 26, 2017 and November 19, 2018, inclusive (the “Class Period”), seeking to pursue remedies under the Securities Exchange Act of 1934 (the “Exchange Act”). If you are a shareholder who purchased Micron securities during the class period, you have until March 25, 2019, to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com.
What Made Memory Stocks the Top Gains of the S&P 500 Index?(Continued from Prior Part)Micron’s fiscal 2019 second-quarter revenue On March 20, Micron Technology (MU) reported its Q2 of fiscal 2019 earnings. The quarter ended on February 28.
When Will DRAM and NAND Market Forces Be Favorable for Micron?(Continued from Prior Part)Advanced DRAM technology DRAM (dynamic random-access memory) is the memory of a system and a key component that drives the system’s performance by aiding in
The 30-member industry benchmark has bounced back 35 percent from its December low. Semiconductor stocks have been rebounding amid predictions from industry executives that the slump in demand that drove last year’s sell-off is poised to recede. Micron, the largest U.S. maker of memory chips, gained 9.6 percent on Thursday, the best performance in the industry benchmark.
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.
An Apple-led tech rally pushed Wall Street higher on Thursday as jitters over the Federal Reserve's forecast of an economic slowdown were calmed by upbeat economic data. All three major U.S. stock indexes ended the session in the black, with the Nasdaq showing its fifth straight advance, the Dow posting its best day in over a month and the benchmark S&P 500 closing less than 3 percent below its all-time high set in September.
Trump’s at It Again: Markets Spooked by Tariff WarningTrump spooking markets again Once again, President Trump has spooked markets with his warning about trade tariffs against China (FXI). The White House released a transcript of Trump’s
Micron Technology guided well below Wall Street's estimates for the current quarter on top of weak fiscal Q2 results. But Micron stock rallied on a possible recovery in late calendar 2019.
The Dow Jones Industrial Average closed higher despite Federal Reserve concerns over slowing global growth. tumbled 29.2% after the biotech company dropped a late-stage trial for aducanumab, an Alzheimer's disease drug. Stocks ended the day in positive territory Thursday as investors shrugged off the Federal Reserve's warning of slowing economic growth and President Donald Trump's comments on China tariffs.
With over 1 billion outstanding shares and heavy trading volume, Micron did not even repurchase a full day's average trading volume. The company intends to put at least 50% of its free cash flow into buybacks. While it had operating cash flow of $3.44 billion last quarter, the net free cash flow number was closer to $1 billion.
Glancy Prongay & Murray LLP (“GPM”) reminds investors of the March 25, 2019 deadline to file a lead plaintiff motion in the class action filed on behalf of investors that purchased Micron Technology, Inc. (“Micron” or the “Company”) (NASDAQ: MU) securities between September 26, 2017 and November 19, 2018, inclusive (the “Class Period”) Micron investors have until March 25, 2019 to file a lead plaintiff motion. On November 19, 2018, the Financial Times reported that Chinese investigators found “massive evidence” of anti-competitive behavior by Micron and two other companies. On this news, Micron’s share price fell $2.61 per share, or 6.6%, to close at $36.83 per share on November 19, 2018.
What Made Memory Stocks the Top Gains of the S&P 500 Index?Micron’s stock jumps over 8%Micron Technology (MU) and Western Digital (WDC) stocks were among the top five gainers of the S&P 500 Index on March 21 in the first half of the
, which benefits from sales of tools to make memory chips, notched an almost 5% gain on Thursday. Encouraging words from Micron management should convince investors the worst is soon to be over in chip-land. Although the forecast from the company for the current quarter is below consensus, CFO David Zinsner said shipments of its DRAM memory chips should resume their quarter-to-quarter growth this quarter, while NAND flash memory chip shipments should pick up in the subsequent quarter.
Shares of Lam have run up rapidly in Thursday's trading, soaring over 6% at daily highs as Micron, one of its primary partners, may have finally built in a rebound for memory manufacturers. According to FactSet, Micron is Lam's fifth most prominent partner. While a cut in capex might seem like a negative for Lam, that is a myopic view according to Action Alerts PLUS portfolio manager Jim Cramer.
When Will DRAM and NAND Market Forces Be Favorable for Micron?Micron’s DRAM business The memory market has been in doldrums. Weak demand in China (FXI) slowed holiday season sales and created excess inventory in the hands of chip makers. While chip
Technology stocks surged on Thursday, leading Wall Street higher as jitters over the Federal Reserve's warning of an economic slowdown were allayed by upbeat economic data. All three major U.S. stock indexes were in the black, with the Nasdaq set to post its fifth straight advance and the benchmark S&P 500 less than 3 percent below its all-time high set in September. On Wednesday, the Fed surprised investors with a policy statement that was more dovish than expected, as it forecast no further interest rate hikes this year due to signs of softness in the U.S. economy.
"Micron reported weak results and guided well below Consensus due to the memory crash and cut capex. While these are appropriate steps, we believe estimates and the stock should remain under pressure due to the DRAM crash," Citigroup analyst Christopher Danely wrote in a note on Thursday.
Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Micron Technology, Inc. from September 26, 2017 through November 19, 2018, inclusive of the important March 25, 2019 lead plaintiff deadline in the action.
A tech rally led by Apple Inc pushed Wall Street's main indexes higher on Thursday, offseting losses in U.S. lenders after the Federal Reserve decided not to raise interest rates this year. In a big shift to their outlook, policymakers said the Fed's benchmark overnight interest rate was likely to remain at current levels at least through this year and flagged an expected slowdown in the economy.