Micron Technology, Inc. (MU)

Let me add a little fuel to this fire. This is why I own MU:
1. MU had a GREAT quarter. Exceeded EPS and Revenue for the quarter and increased forward guidance.
2. Listen to the LRCX conference call, They said DRAM and NAND are both very strong.
3. Then I listened to the KLAC conference call and they said DRAM was "particularly strong"
4. The stock has been "unfairly beaten down". It's a market pricing dislocation.
5. MU explained that their business has greatly reduced it's cyclicality.
6. Memory and storage supply is slowing while demand is growing....covered in this Investor CC
7. MU has the discipline to walk away from weak pricing .....covered on this Investor CC

I could go on......but if you don't understand this, I can't help you further.

This stock will be $100+ in 3 months...do your own DD, GLTA.

MU management was brilliant adding the dividend. You all have to realize that many mutual funds exclude non-dividend paying stocks from their stock screenings. It part of many investment policy mandates. Now with the dividend, MU pops onto their screening and they are now allowed to add it into their portfolios if they so wish. When you look at all of the things making up their reviews, MU sticks out for PE, earnings power, cash flow and balance sheet. The dividend is a token move. But the dividend now makes it harder for shorting hedge funds to play MU versus peers like AMD, QCOM, etc. All of these are good companies, but WOW, the valuation for MU sticks out as being way undervalued versus their peers.

August 2, 2021 at 4:01 PM EDT
Micron Initiates a Quarterly Cash Dividend
Dividend demonstrates commitment to shareholders; marks major milestone in the New Micron transformation

BOISE, Idaho, Aug. 02, 2021 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU), today announced that its Board of Directors has declared a quarterly dividend of $0.10 per share of Micron’s outstanding Common Stock. The initial quarterly dividend will be payable in cash on October 18, 2021, to shareholders of record as of the close of business on October 1, 2021.

Presentation today is worth a listen.

https://investors.micron.com/events/event-details/microns-investor-update

I didn't load up on Micron for a dividend but it does make sense because it demonstrates management's confidence going forward in the Company's prospects.

Upside to Micron greater than AMD, NVDA, MRVL, QCOM

Comp. / Forward P/E / “buy” rate / Price 7-30 / Consensus Target / Implied 12-M upside potential
AMD 40.4 59% $106.19 $111.70 5%
MRVL 40.8 79% $60.51 $60.88 1%
OLED 55.1 71% $234.49 $258.17 10%
NVDA 48.6 83% $194.99 $194.04 0%
MPWR 60.5 77% $449.26 $462.38 3%
CREE N/A 29% $92.76 $114.69 24%
ASML 41.5 73% $766.74 $797.78 4%
TSM 27.7 89% $116.64 $146.33 25%
QCOM 16.5 62% $149.80 $181.91 21%
LRCX 19.0 73% $637.41 $746.90 17%
MU Micron 7.3 88% $77.58 $120.55 55%
SWKS 17.2 57% $184.51 $215.71 17%
Source FactSet: "Consensus price target for NVDA is slightly lower than the closing price July 30. So, the analysts consider the stock fully valued. Then again, Wall Street is fixated on 12-month targets — that’s actually a short period for committed long-term investors. Also worth noting Micron - one of the analysts’ favorites on the list - trades for very low P/E."

Dividend is huge!
Management finally concedes the fact that there is no other way to stop the manipulation. The buyback obviously has no effect on the shenanigans.
This is an accounting plus in many aspects, the highest of which is that the true short position can now be measured on a different matrix. Loaned shares.
The (my) only concern is that if these shorts decide to battle fora better cover look for the pps to come under pressure.

All we need now is for management to announce that all the shares bought back these last few years are in escrow with the company treasury.
That would be the 💥.
GLTA