Micron Technology: Unique Opportunity [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
SummaryThe stock price has declined by 30% over the past two months.The company's intrinsic value is likely close to $71.10 per share.Shares have limited downside, since the market is not considering the long-term prospects of the company.Micron Technology (NASDAQ:MUThe company's intrinsic value is likely close to $71.10 per share (78% upside considering price as of 04/01/2020 of $39.48), and even if we are wrong in our investment thesis, the company would have a limited downside since the market is pricing the worst-case scenario for semi stocks like Micron Technology's.Key investment risks include delay in the demand cycle improvement, memory supply overcapacity and supply chain disruption, that could prevent Micron to conduct business as usual.Company BackgroundMicron Technology is a semiconductor company that produces and sells memory chips. DRAM and NAND chips are their most important products,constituting 64% and 32% of their sales respectively in the most recent fiscal quarter.
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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