Micron Technology: Cheap Downcycle Valuation In An Upcycle Period [Seeking Alpha]
Micron Technology, Inc. (MU)
Last micron technology, inc. earnings: 3/25 04:01 pm
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US:NASDAQ Investor Relations:
investors.micron.com
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Source: Seeking Alpha
Summary Micron Technology is entering its upcycle with limited supply, growing demand and increasing product prices. All of its four end-markets are favorable tailwinds for the company now. It is quite cheap, with the similar cheap valuation to a downcycle period. Micron Technology (NASDAQ: MU Prices of DRAM and NAND are expected to move higher Several factors, including increasing demand for remote work globally due to the virus outbreak, low inventories, and tightening supplies, have led to the higher prices of memory products. DRAMeXchange currently forecasts Source: DRAMeXchange In the bear case, as growing demand and limited supply (due to capital spending cut) has a considerable gap, DRAM price is estimated to increase by 20%. NAND Flash price, on the other hand, would be down 5% if the demand drops significantly. Because DRAM is a biggest revenue contribution to Micron, taking account of around 67% of the total revenue All end-markets are favorable tailwinds for Micron Micron h
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MU
News
- INVESTIGATION ALERT (NASDAQ: MU): DiCello Levitt LLP Is Investigating Investor Claims Against Micron Technology, Inc. and Encourages MU Investors with Losses to Contact the FirmGlobeNewswire
- Is Micron Technology (MU) the Best Growth Stock to Invest in Now? [Yahoo! Finance]Yahoo! Finance
- Micron Stock Plunges After Company Cuts Outlook, Analysts Raise Concerns [Yahoo! Finance]Yahoo! Finance
- Micron Technology Q1 Earnings Beat, Stock Dips 16% on Dim Guidance [Yahoo! Finance]Yahoo! Finance
- Micron Technology, Inc. (NASDAQ: MU) had its price target lowered by analysts at Morgan Stanley from $114.00 to $98.00. They now have an "equal weight" rating on the stock.MarketBeat
MU
Earnings
- 12/18/24 - Beat
MU
Sec Filings
- 12/19/24 - Form 10-Q
- 12/18/24 - Form 8-K
- 12/10/24 - Form 8-K
- MU's page on the SEC website