|Bid||44.58 x 900|
|Ask||44.67 x 1400|
|Day's Range||43.80 - 45.60|
|52 Week Range||34.09 - 64.66|
|PE Ratio (TTM)||4.49|
|Earnings Date||Sep 24, 2018 - Sep 28, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||78.45|
Micron Technology CEO Sanjay Mehrotra discusses the memory hardware company's quarterly earnings and the potential impact from the trade war with China.
Opportunities for tremendous gains and losses, investor psychology and trade-war developments.
Apple Inc's latest iPhones hit stores around the world on Friday, featuring components made by Intel Corp and Toshiba among others, according to two firms that cracked open the iPhone Xs and Xs Max models. The studies by repair firm iFixit and chip analysis firm TechInsights, published this week, are among the first detailed teardowns of the phones, which reviews suggested were a subtle upgrade from the tenth anniversary iPhone X. Supplying parts for Apple's iPhones is considered a coup for chipmakers and other manufacturers.
closed on Friday down 2.9% to $44.74 after the chip giant tempered forward guidance despite a quarterly earnings beat. MU fell as much as 4.9% in Friday's trading and had been down some 7% in after-hours trading Thursday evening after the firm guided the current quarter's earnings to $2.88 to $3.02 per share vs. the $3.08 that analysts had been expecting. The drop in the share price comes as analysts are almost universally tempering their own earnings estimates for the company.
Apple Inc's (AAPL.O) latest iPhones hit stores around the world on Friday, featuring components made by Intel Corp (INTC.O) and Toshiba among others, according to two firms that cracked open the iPhone Xs and Xs Max models. The studies by repair firm iFixit https://www.ifixit.com/Teardown/iPhone+XS++and+XS+Max+Teardown/113021 and chip analysis firm TechInsights https://w2.techinsights.com/l/4202/2018-09-21/276cjx, published this week, are among the first detailed teardowns of the phones, which reviews suggested were a subtle upgrade from the tenth anniversary iPhone X. Supplying parts for Apple's iPhones is considered a coup for chipmakers and other manufacturers.
On a mixed day for the major benchmarks, Medtronic announced plans to buy Mazor Robotics, and Micron Technology beat expectations for its latest quarter.
Micron Technology Inc. investors were expecting some doom and gloom with the company’s earnings report Thursday, but they still received negative surprises that led analysts to ponder where the bottom will be for the memory maker’s finances and share price.
Shares of Pier 1 Imports Inc. (PIR) fell more than 20% on Friday after announcing preliminary financial results for the second quarter of fiscal 2019 ended Sept. 1, 2018. Comparable sales declined 11.4% compared to the second quarter of fiscal 2018. Warning! GuruFocus has detected 3 Warning Signs with PIR.
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average set a record closing high for the second day in a row to end the week. The S&P 500 also traded at a record high before pulling back to close modestly lower.
Despite Micron Technology, Inc. (NASDAQ: MU )’s strong fourth-quarter earnings and execution, the overhang from trade war costs remains an active threat to the market, according to sell-side analysts. ...
Chipmaker Micron (NASDAQ:MU) just reported highly anticipated fourth-quarter numbers after the close on Thursday, Sept. 20. Those numbers were better than expected, and MU stock jumped in after-hours trade. Then, management delivered a below-consensus, first-quarter guide on the conference call. Investors were spooked, and MU stock swung from a big gain to a big loss.
is the latest U.S. corporation to feel the sting of President Trump's tariff binge. The White House just put 10% tariffs on $200 billion worth of such imported goods as Christmas lights, shampoo, dog food, luggage, mattresses, and air conditioners, among other goods. Walmart shares are only down roughly 0.06% Friday Sept. 21 to around $95.6 a piece, as the broader US market has managed to shake off trade tensions, with the S&P 500 hitting record highs.
could be a good buying opportunity Friday as its shares slide on concerns over tariff troubles and weakened forward guidance. "We remain overweight MU and would accumulate shares on weakness," J.P. Morgan analyst Harlan Sur wrote Friday, indicating his belief that positive future trends in semiconductors, coupled with the company's big share-buyback program, should reward longer-term investors. While Sur joined a parade of analysts trimming their price expectations for the stock, he maintained a "Buy" rating on MU and a $75 price target.
Ryan McQueeney and Maddy Johnson discuss the performance of Netflix and other streaming services at the Emmys. The team also chat about the alleged criminal probe facing Elon Musk and Tesla. Later, they discuss marijuana stocks and recap Micron's latest earnings report.
The S&P 500 and the Dow touched record highs for the second straight day, while the tech-heavy Nasdaq dipped in heavy trading on Friday, largely related to Wall Street's sector reshuffling and "quadruple witching" expirations. Telecoms major AT&T was set to form the heart of a new powerhouse communications services sector, which would also include Facebook, Google parent Alphabet and Twitter. AT&T rose 1.8 percent, pushing the S&P telecommunications sector higher by 1.42 percent.
MU fell as much a 4.9% earlier in the session and had been down some 7% in after-hours trading Thursday evening after the firm guided the current quarter's earnings to $2.88 to $3.02 per share vs. the $3.08 that analysts had been expecting. After including one-time items, that worked out to $3.53 in adjusted EPS vs. the $3.33 that analysts had expected. Revenues also beat analyst expectations, coming in at $8.44 billion against analysts' $8.25 billion forecasts of up from $6.14 billion in the same period last year.
Micron CEO Sanjay Mehrotra told CNBC's "Squawk Alley" that the company will be able to "easily" mitigate the impact of tariffs going forward. The chipmaker's stock fell 2.8 percent on Friday following comments a day earlier that the company's gross margins would suffer as a result of the tariffs. Although Micron Technology MU 's profitability will take a hit due to President Donald Trump's latest round of tariffs on Chinese imports, CEO Sanjay Mehrotra told CNBC's " Squawk Alley " that the company will be able to "easily mitigate" their future impact.
Micron Technology Inc. has skyrocketed in the last two years as price hikes in memory chips have helped its business soar to new heights. But on Thursday, investors got jittery that the party is nearing an end, with the company telling analysts that its profits will be hit by tariffs enacted by the Trump administration.
shares fell 2.2% Friday after the chipmaker said President Donald Trump's decision to apply tariffs on certain China-made imports would trim the group's quarterly profits. Micron said that the cost of moving some of its operations out of China, where it assembles and tests some of its NAND and DRAM memory chips, would weigh on margins as it attempts to navigate the planned 10% tariffs on $200 billion worth of China-made goods that go into effect next week. The Bosie, Idaho-based group now sees gross margins in the 57% to 60% range and current quarter sales of around $8.4 billion, both of which fell short of Wall Street forecasts.
Yesterday, the stock market set yet another all-time high, and Micron Technology, Inc. (NASDAQ:MU) played a large role in the markets’ strength. MU beat both on the top and bottom lines emphatically, so the knee-jerk reaction from traders was to spike Micron stock.
The S&P 500 is hitting intraday lows as I write and more market players are moving to the sidelines as they protect recent gains. Historically, Micron has been highly cyclical and when it looks the cheapest it is often at the top of the current cycle. The debate over whether Micron is a good value here is very intense (read Jim Cramer's view of Micron here), but the price action indicates that there are some substantial doubts.
Things have been slow for the semiconductor industry in 2018 after rapid growth in 2017. The Market Vectors Semiconductor ETF (SMH) rose 36.5% in 2017 and only 8.6% in the first nine months of 2018. Stocks like Advanced Micro Devices (AMD) and Qualcomm (QCOM), which underperformed in 2017, are gaining momentum in 2018 as they revive their business and come out as strong competitors. In contrast, stocks like Micron Technology (MU), Intel (INTC), and Broadcom (AVGO), which delivered strong returns in 2017, are seeing a slump in 2018.