Micron - Good Times Continue (For Now) [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
Company Research
Source: Seeking Alpha
Summary Micron Technology ( MU ) continues to benefit from very favourable operating conditions as I highlighted at the end of May. At the time, the company released a good news show for investors, including favourable updates on its technology, a big raise to the quarterly guidance, and promise to return a lot of capital to its shareholders in the form of a massive $10 billion share repurchase program, as well as commitment to distribute 50% of its free cash flows to its investors. At the time, I noted that valuation multiples look outright crazy based on current earnings; crazy cheap with an earnings yield approaching 20%, as I found the valuation rather fair based on average earnings. With long-term prospects for the industry looking good and the cyclicality appears to be coming down, I called shares relatively cheap, warranting a (modest) long position as this remains an above-average risk in your portfolio. Third Quarter, Red-Hot Momentum Micron reported ste
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News
- 3 Top Semiconductor Stocks to Watch in This Stage of the AI Revolution [Yahoo! Finance]Yahoo! Finance
- China reportedly orders state-owned mobile carriers to replace foreign chips [Yahoo! Finance]Yahoo! Finance
- Micron Technology, Inc. (NASDAQ: MU) had its "buy" rating re-affirmed by analysts at Stifel Nicolaus. They now have a $140.00 price target on the stock.MarketBeat
- Is Eli Lilly Stock A Buy Or A Sell After FDA Delays Its Alzheimer's Drug Decision? [Yahoo! Finance]Yahoo! Finance
- Is Micron (MU) a Buy as Wall Street Analysts Look Optimistic? [Yahoo! Finance]Yahoo! Finance
MU
Earnings
- 3/20/24 - Beat
MU
Sec Filings
- 4/11/24 - Form 4
- 4/11/24 - Form 8-K
- 4/4/24 - Form 4
- MU's page on the SEC website