Micron's stock target raised at J.P. Morgan citing improving pricing, demand environment [MarketWatch]
Micron Technology, Inc. (MU)
Last micron technology, inc. earnings: 3/25 04:01 pm
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Source: MarketWatch
Micron's stock target raised at J.P. Morgan citing improving pricing, demand environment Shares of Micron Technology Inc. MU, -1.13% fell 0.8% in afternoon trading Friday, but outperformed the broader semiconductor sector, after J.P. Morgan analyst Harlan Sur said he was now more bullish on the memory chip maker, citing improving NAND pricing and recovering DRAM pricing. The PHLX Semiconductor Index SOX, -1.49% fell 1.2%. Sur affirmed the overweight rating he's had on the stock for at least the past three years, but raised his price target by 30% to $65 and nearly doubled his fiscal 2020 adjusted earnings-per-share estimate to $2.60 from $1.34. Micron is scheduled to report fiscal fourth-quarter results after the Sept. 26 close. Sur said he expects Micron to report EPS, revenue and gross margin above the midpoint of guidance as NAND pricing during the quarter was better than prior expectations. "Despite macro/trade concerns, the demand environment is improving on inflecting clou
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News
- Biden, Seeking to Build on Fruitful Week, Will Announce Billions in Chip Grants [The New York Times]The New York Times
- Biden to announce preliminary deal with Micron for up to $6.14 bln in chip grants [Reuters]Reuters
- Micron, Biden-Harris Administration, U.S. Senate Majority Leader Schumer Announce $6.1B in CHIPS and Science Act Funding for Historic Planned Investment in Domestic Leading-Edge Memory Manufacturing in Idaho and New YorkGlobeNewswire
- Biden to announce preliminary deal with Micron for up to $6.14 billion in chip grants [Yahoo! Finance]Yahoo! Finance
- As Biden celebrates computer chip factories, voters wait for the promised production to start [Yahoo! Finance]Yahoo! Finance
MU
Earnings
- 3/20/24 - Beat
MU
Sec Filings
- 4/23/24 - Form 4
- 4/22/24 - Form 4
- 4/19/24 - Form 8-K
- MU's page on the SEC website