Strong Cost Cutting Measures And Increasing Margins Make Micron Technology A Buy [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 The Business Micron Technology Inc. (NASDAQ: MU ) is a technology company focused on the development and manufacture of semiconductor devices, specifically dynamic random-access memory (DRAM), flash memory (e.g. NAND), and solid-state drives. With a current market capitalization of over $60 Billion, it is one of the leaders in the memory space. It operates under four main business units, namely, Storage (SBU), Mobile (MBU), Computer and Networking (CNBU), and the Embedded business unit (EBU). Recent Developments MU had fallen 14.1% from its peak of $61.15 in March this year for several reasons. The first of which was pricing pressure concerns for the oversupply of dynamic random access memory (DRAM) had made investors bearish. DRAM contributes to around 64% of Micron's revenue, and hence, this pricing pressure could negatively impact the earnings potential of the business. Furthermore, poor Q2 earnings report for this current year also drove down investor senti
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MU
News
- TikTok Ultimatum Puts US Firms in Firing Line for China Response [Yahoo! Finance]Yahoo! Finance
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- Earnings To Watch: Teradyne (TER) Reports Q1 Results Tomorrow [Yahoo! Finance]Yahoo! Finance
- Why Nvidia, Arm Holdings, and Other Artificial Intelligence (AI) Stocks Rallied on Monday [Yahoo! Finance]Yahoo! Finance
- Why Micron Technology (MU) Shares Are Sliding Today [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