40.60 +0.21 (0.52%)
After hours: 6:23PM EDT
|Bid||40.55 x 800|
|Ask||40.56 x 2700|
|Day's range||40.25 - 41.40|
|52-week range||16.45 - 42.07|
|PE ratio (TTM)||17.74|
|Earnings date||19 Dec 2017 - 26 Dec 2017|
|Dividend & yield||0.00 (0.00%)|
|1y target est||49.95|
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.
Shares of DRAM and NAND memory-chip maker Micron Technology (MU) are down 97, cents, or 2.4%, at $40.65, despite an upbeat note today from Barclays’s Blayne Curtis, who says the good times will last for it into next year, as "things still seem different this time." Curtis, who has an Overweight rating on the stock, raised his price target to $60 from $40, after raising estimates. Prices for DRAM continue to rise, observes Curtis, and he expects industry supply of NAND flash chips will be “constrained” through the first half of next year thanks to "insatiable demand for flash” by data center customers. Pricing is “impossible to ignore” for both kinds of chips: DDR4 DRAM average spot pricing is tracking 18% Q/Q (our model was -2%) and we are adjusting our estimates to reflect this trend, while remaining conservative (now +2% for November).
Micron’s forward PE (price-to-earnings) ratio is 5.9x, which is significantly below NVIDIA’s (NVDA) PE ratio of 45.3x and Advanced Micro Devices’ (AMD) PE ratio of ~42.4x.
Zacks.com featured highlights: Micron Technology, Nexstar Media Group, Gulfport Energy and Barclays