Micron Stock Sinks as Morgan Stanley Warns About Memory Chip Sector [Yahoo! Finance]
Micron Technology, Inc. (MU)
Last micron technology, inc. earnings: 3/25 04:01 pm
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Source: Yahoo! Finance
The bank said it sees "chillier conditions from here" for the stock group. The analysts expect the sector's growth to peak and reverse in the coming quarters. Micron Technology ( MU ) stock was one of the biggest decliners in the S&P 500 Monday after Morgan Stanley slashed its price target to $100 from $140 and gave a downbeat assessment of the memory chip sector. The bank warned that although it's difficult to predict cyclical peaks, "both NAND and DRAM are losing steam, and our inflection signposts suggest chillier conditions from here." The analysts wrote in a report to clients that while memory chip demand is still moving up, "the rate of change is approaching a peak as supply catches up to demand." Morgan Stanley Sees Sector's Earnings Growth Reversing They added that they see the sector's earnings growth reaching the top and then reversing in the coming quarters, with a nearly 30% price-to-book (P/B) ratio contraction, "and a higher chance of investors resetting pos
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News
- If You Bought 1 Share of Micron Technology at Its IPO, Here's How Many Shares You Would Own Now [Yahoo! Finance]Yahoo! Finance
- Micron Technology, Inc. (NASDAQ: MU) had its price target lowered by analysts at Wells Fargo & Company from $190.00 to $175.00. They now have an "overweight" rating on the stock.MarketBeat
- Death Cross for MU Stock: Time to Buy Micron Based on Fundamentals? [Yahoo! Finance]Yahoo! Finance
- Micron Technology, Inc. (NASDAQ: MU) had its price target lowered by analysts at Citigroup Inc. from $175.00 to $150.00. They now have a "buy" rating on the stock.MarketBeat
- Micron Technology, Inc. (NASDAQ: MU) had its price target lowered by analysts at UBS Group AG from $153.00 to $135.00. They now have a "buy" rating on the stock.MarketBeat
MU
Earnings
- 6/26/24 - Beat
MU
Sec Filings
- 8/12/24 - Form 4
- 8/7/24 - Form 8-K
- 7/23/24 - Form 4
- MU's page on the SEC website