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Micron Technology: Cheap Downcycle Valuation In An Upcycle Period [Seeking Alpha]
Last micron technology, inc. earnings: 3/25 04:01 pm
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US:NASDAQ Investor Relations: investors.micron.com
Summary Micron Technology is entering its upcycle with limited supply, growing demand and increasing product prices. All of its four end-markets are favorable tailwinds for the company now. It is quite cheap, with the similar cheap valuation to a downcycle period. Micron Technology (NASDAQ: MU Prices of DRAM and NAND are expected to move higher Several factors, including increasing demand for remote work globally due to the virus outbreak, low inventories, and tightening supplies, have led to the higher prices of memory products. DRAMeXchange currently forecasts Source: DRAMeXchange In the bear case, as growing demand and limited supply (due to capital spending cut) has a considerable gap, DRAM price is estimated to increase by 20%. NAND Flash price, on the other hand, would be down 5% if the demand drops significantly. Because DRAM is a biggest revenue contribution to Micron, taking account of around 67% of the total revenue All end-markets are favorable tailwinds for Micron Micron h
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NEWS
- Rubrik and Marex Group initiated: Wall Street's top analyst calls [Yahoo! Finance][Yahoo! Finance]
- Micron Technology, Inc. (NASDAQ: MU) was upgraded by analysts at Morgan Stanley from an "underweight" rating to an "equal weight" rating. They now have a $130.00 price target on the stock, up previously from $98.00.[MarketBeat]
- Micron Technology, Inc. (NASDAQ: MU) had its price target raised by analysts at Mizuho from $130.00 to $150.00. They now have a "buy" rating on the stock.[MarketBeat]
- New to Investing? This 1 Computer and Technology Stock Could Be the Perfect Starting Point [Yahoo! Finance][Yahoo! Finance]
- Significant Shifts in Prem Watsa's Portfolio Highlighted by Micron Technology's -18.68% Impact [Yahoo! Finance][Yahoo! Finance]
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SEC Filings
SEC Filings
- 5/16/24 - Form 4
- 5/16/24 - Form 4
- 5/14/24 - Form 4
- MU's page on the SEC website
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