41.65 0.00 (0.00%)
After hours: 7:50PM EDT
|Bid||41.55 x 1000|
|Ask||41.65 x 800|
|Day's range||40.81 - 41.95|
|52-week range||16.45 - 42.07|
|PE ratio (TTM)||18.29|
|Forward Dividend & Yield||0.00 (0.00%)|
|1y target est||N/A|
Micron’s SBU (Storage Business Unit) revenues fell 1.5% sequentially to $1.3 billion in fiscal 4Q17, well below the forecast of ~$1.5 billion.
Micron Technology Inc. said Wednesday it is planning to retire $2.25 billion of debt. The chip maker said it will redeem all $1.25 billion of its outstanding 7.5% notes due 2023, as well as $1 billion ...
Micron’s CEO, Sanjay Mehrotra, stated that Micron achieved the first qualification of its 1X LPDRAM (low-power DRAM) at a major mobile OEM in fiscal 4Q17.
Last week, Apple (AAPL) and Steven Spielberg TV agreed to produce original shows, NVIDIA (NVDA) announced a supercomputer for self-driving cars and analysts projected strong user growth at Snap.
Micron’s Mobile Business Unit revenues rose 4% sequentially and 76% year-over-year to a record $1.2 billion in fiscal 4Q17, in line with expectations of $1.18 billion in revenues.
When semiconductor giant Micron Technology (MU) announced last week plans for a $1 billion equity offering, the shares sank almost 5% by Friday’s closing bell, despite assurances by the bulls on the Street that the stock sale creates value. Today, Micron’s share price is regaining some of that lost ground, with the chip maker up 2.8% to $41.54 on the heels of a note by Instinet’s Romit Shah in which he quite literally tells investors not the sell the stock. In fact, Shah raised his price target on Micron to $50, which suggests 20% upside for the stock over the next 12 months.
Micron’s chief executive officer, Sanjay Mehrotra, stated that SSDs (solid-state drives) are increasingly replacing HDDs (hard disk drives) in client computing, cloud data centers, and enterprise servers....
Investors never like it when a company they own dilutes the value of its outstanding shares, but everyone likes the reverse.
The good news just keeps on coming for Micron Technology (MU). Following price target increases earlier this week, the stock today got a positive view from chip analyst Mehdi Hosseini with Susquehanna, who writes that his “checks” of the NAND flash industry show Micron may be the only company to exploit current manufacturing challenges holding back industry supply. “Bit growth” of all NAND produced by the industry is not going to be as much as Hosseini had been thinking, he writes, rising by 42% from last year through 2020, compounded annually, versus what he had thought would be 50%.
After releasing its fiscal 4Q17 earnings, Micron Technology (MU) stock peaked above $40. MU's earnings were driven by strong DRAM numbers, which comprised 66% of its revenues.
Interesting news today from Delta, Micron, and Wal-Mart, but it’s Coach's move that has the Fools a bit confused.
Jim Cramer goes over the stocks generating supply and demand to find tech stocks like Micron in the lead and the retail and oil sectors dragging.