Micron Technology

MU-Q

NASDAQ:MU

57.66
0.02 (0.03%)
Micron Technology, Inc. is an American global corporation based in Boise, Idaho which produces many forms of semiconductor devices, including dynamic random-access memory, flash memory, and solid-state drives.
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Analysis and Opinions about MU-Q

Signal
Opinion
Expert
WEAK BUY
WEAK BUY
October 28, 2019
A chip company that performed quite well this year. Longer term investors have to be comfortable with the cyclicality in the space. There is more positive sentiment in the space right now but he likes more consistent earners, although there are arguments for owning some of the US chips.
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Micron Technology (MU-Q)
October 28, 2019
A chip company that performed quite well this year. Longer term investors have to be comfortable with the cyclicality in the space. There is more positive sentiment in the space right now but he likes more consistent earners, although there are arguments for owning some of the US chips.
BUY
BUY
October 1, 2019
Micron has been slammed 15% lately. Micron reduced guidance a little, but managers can handle cyclicality, and they have a good mix of products. $58 is his target.
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Micron Technology (MU-Q)
October 1, 2019
Micron has been slammed 15% lately. Micron reduced guidance a little, but managers can handle cyclicality, and they have a good mix of products. $58 is his target.
WAIT
WAIT
August 7, 2019
Immune from tariff war? They are known for their storage sector assets. The growth in data storage is enormous. The capacity requirements are growing and will continue to do so. He is unsure that China could still not be a threat to them. There may be other factors at play. Watch it and keep on your radar.
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Immune from tariff war? They are known for their storage sector assets. The growth in data storage is enormous. The capacity requirements are growing and will continue to do so. He is unsure that China could still not be a threat to them. There may be other factors at play. Watch it and keep on your radar.
COMMENT
COMMENT
July 22, 2019
They were upgraded today, maybe from RBC. He owns MU's peers. MU, even after its recent run, remains pretty cheap. It trades below 8x forward earnings. They sell memory worldwide.
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They were upgraded today, maybe from RBC. He owns MU's peers. MU, even after its recent run, remains pretty cheap. It trades below 8x forward earnings. They sell memory worldwide.
WAIT
WAIT
June 7, 2019
It's done poorly this year, because it's a semi producer due to the China trade war. 30% of their business lies in smartphone memory, so if the trade war gets drastic (which he doubts), MU will get hit. The market is pricing no growth. PE is low-single-digit. This is a $60 stock, really. 5G will drive this as people upgrade their phones. This can easily rise 10-15% in a market rally. It may be early to enter it now, though. The mass-market shift to 5G will happen in 2020-1.
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It's done poorly this year, because it's a semi producer due to the China trade war. 30% of their business lies in smartphone memory, so if the trade war gets drastic (which he doubts), MU will get hit. The market is pricing no growth. PE is low-single-digit. This is a $60 stock, really. 5G will drive this as people upgrade their phones. This can easily rise 10-15% in a market rally. It may be early to enter it now, though. The mass-market shift to 5G will happen in 2020-1.
WAIT
WAIT
June 5, 2019
Inventories have been a problem. There is exponential growth in cloud storage demand, but it doesn't mean there won't be cyclical issues. He would take a pass for now. Give it time.
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Inventories have been a problem. There is exponential growth in cloud storage demand, but it doesn't mean there won't be cyclical issues. He would take a pass for now. Give it time.
HOLD
HOLD
April 9, 2019
Semis reflect the general economy. Last year they peaked out early, but definitely improving since the start of the year. Semis have recently broken to new highs. Hold this, because it will go higher through this new cycle into 2021/2022.
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Semis reflect the general economy. Last year they peaked out early, but definitely improving since the start of the year. Semis have recently broken to new highs. Hold this, because it will go higher through this new cycle into 2021/2022.
SELL
SELL
April 8, 2019
It is highly cyclical so is never a hold. It is being driven by data centers right now. The recent numbers were a little disappointing so he would sell and get into something more solid like a Broadcom.
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It is highly cyclical so is never a hold. It is being driven by data centers right now. The recent numbers were a little disappointing so he would sell and get into something more solid like a Broadcom.
COMMENT
COMMENT
April 3, 2019
He owns it indirectly in an ETF, the SOXX. Only a 2-3% position, because there's no clarity on the future of the memory chip market. Micron warned back in January, then Samsung warned.
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He owns it indirectly in an ETF, the SOXX. Only a 2-3% position, because there's no clarity on the future of the memory chip market. Micron warned back in January, then Samsung warned.
WAIT
WAIT
March 6, 2019
A big semis name that got taken to the woodshed due to slowing smartphone growth. There's huge memory demand growth but also existing supply in inventory in this sector and Micron's. Give it time.
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A big semis name that got taken to the woodshed due to slowing smartphone growth. There's huge memory demand growth but also existing supply in inventory in this sector and Micron's. Give it time.
SELL STRENGTH
SELL STRENGTH
February 25, 2019
This is a decent long-term play, but, if short-term, then set a lower price target of a 15% gain and sell.
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Micron Technology (MU-Q)
February 25, 2019
This is a decent long-term play, but, if short-term, then set a lower price target of a 15% gain and sell.
TOP PICK
TOP PICK
February 20, 2019
The CEO last week said second-half earnings will increase sharply. Their cash position has improved dramatically and they are now trading at 5 times earnings. Too cheap to ignore. Yield 0%. (Analysts’ price target is $47.30)
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Micron Technology (MU-Q)
February 20, 2019
The CEO last week said second-half earnings will increase sharply. Their cash position has improved dramatically and they are now trading at 5 times earnings. Too cheap to ignore. Yield 0%. (Analysts’ price target is $47.30)
BUY
BUY
January 22, 2019
A leader in the digital side of chips. Target price of $77, now $34. It's extremely discounted.
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Micron Technology (MU-Q)
January 22, 2019
A leader in the digital side of chips. Target price of $77, now $34. It's extremely discounted.
DON'T BUY
DON'T BUY
December 10, 2018
He has sworn off semiconductor stocks. A soon as there is a glut of chips, the price falls off. You need to be in an industry where you can't have such sudden increases in supply.
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Micron Technology (MU-Q)
December 10, 2018
He has sworn off semiconductor stocks. A soon as there is a glut of chips, the price falls off. You need to be in an industry where you can't have such sudden increases in supply.
DON'T BUY
DON'T BUY
December 6, 2018
Memory chips. Margins used to be fantastic. The semis and memory manufacturers are a great long term investment. He is on board. They are doing a good job. He would not buy it today because it does not check the technical box. You are in a negative earnings revision cycle.
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Micron Technology (MU-Q)
December 6, 2018
Memory chips. Margins used to be fantastic. The semis and memory manufacturers are a great long term investment. He is on board. They are doing a good job. He would not buy it today because it does not check the technical box. You are in a negative earnings revision cycle.
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