Why Seagate's Stock Will Recover [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
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Source: Seeking Alpha
Summary When Micron Technology ( MU ) first kicked off 2018 with strong NAND and memory sales, markets at first embraced the stock’s low valuation of 6 – 7 times earnings, and by June, bid the stock at above $65 a share. The opposite happened for Western Digital Corporation ( WDC ) after the company first warned of weak NAND demand which drove its solid state drive sales lower. Seagate Technology plc ( STX ) did not fare any better: Its shares bottomed earlier this month at $36.69, down from a yearly high of $62.70. Now that the U.S. – China trade spat is in full force and risks worsening, what's different this time for NAND suppliers? Relative valuations are the same: Micron trades at half the P/E multiple than HDD suppliers, at 3.4 times, compared to 6.4 and 7 times for STX and WDC, respectively. Companies now know the temporary demand weakness may last six months. They have no clarity on how sales will fare for storage but know that the trade war wil
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MU
News
- US STOCKS-Futures rise as chip stocks bounce back after selloff [Yahoo! Finance]Yahoo! Finance
- Wall Street Breakfast Podcast: TikTok Divestment Bill On Potential Fast Track [Seeking Alpha]Seeking Alpha
- Is Micron Technology Stock Still a Buy Near Its All-Time High? [Yahoo! Finance]Yahoo! Finance
- Biden administration set to provide $6.1 billion to Micron Technology for chip plants in NY, Idaho [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Micron set to get $6 billion in chip grants from US, Bloomberg reports [Reuters]Reuters
MU
Earnings
- 3/20/24 - Beat
MU
Sec Filings
- 4/17/24 - Form 4
- 4/17/24 - Form 4
- 4/17/24 - Form 4
- MU's page on the SEC website