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Micron Technology, Inc. (MU)

NasdaqGS - NasdaqGS Real-time price. Currency in USD
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81.49-0.49 (-0.60%)
At close: 4:00PM EDT
81.39 -0.10 (-0.12%)
After hours: 07:50PM EDT
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  • T
    $NTNX conversation
    Long $MU and $NTNX! My two favourite stocks.
  • G
    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 your own DD, GLTA.
  • A
    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.
  • N
    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.
  • A
    Odd thing about this stock all gaps are closed. May go higher from here.
  • S
    2 of Warren's best statements:
    1. “The stock market is a device for transferring money from the impatient to the patient”
    2. "Buy when others are selling"
  • E
    MU is a great company, with an extraordinary management team and very healthy financials (do your diligence), however, IMHO it is the first time on this up cycle that MU is actually on the right spot at the right time.
    Cup and handle people.
    Go Long! Stop gambling and go long. GLTA
  • j
    Presentation today is worth a listen.

    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.
  • S
    Working with visual computing technology leader NVIDIA, Micron debuted GDDR6X in the new NVIDIA® GeForce RTX™ 3090 and GeForce RTX 3080 graphics processing units (GPUs), which are tailored to support the fast speeds that immersive, high-performance gaming applications demand.
  • E
    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."
  • t
    Yesterday Micron did well in a weak market. Today if the broader market is healthy Micron should fly. Let us see.
  • H
    Okay $82.90's....this is about the time when the sell side launches their attack.....let's see if their pattern remains intact or not...and as I type this bid just got hammered to .60. Yeah...they're starting. Let's see if the results are the same...
  • h
    "Dark pools came about primarily to facilitate block trading by institutional investors who did not wish to impact the markets with their large orders and obtain adverse prices for their trades. Dark pools are sometimes cast in an unfavorable light but, in reality, they serve a purpose."
  • P
    Can we pick a direction already? I can handle another diversion to the high 70s but this low volume directionless meandering is killing me. If the market takes a dip here we're definitely going lower but in the absence of that I'm not sure which direction the increased volume towards closing will take us.
  • H
    Dividend size is not interesting itself. But it confirms that management is sure that business won't experience significant down cycles going forward and cash flows will always be positive.
  • n
    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 💥.
  • H
    Shall we play a game? Close line for the bid? Thumbs up if you think $81.50. Thumbs down if you think $80. Based on the action being seen I'm leaning towards the .50 line.
  • F
    We were at $85 on July 1 - the last earnings report. Things are better now than they were just a month ago with the latest information about the dividend and continue growth.

    Hope to get above $90-93 again within the next 2-6 weeks.
  • m
    AMD and Apple announced new dedicated workstation graphics for the Mac Pro with 128 GB of GDDR6 memory.