Micron Technology

MU-Q

NASDAQ:MU

46.37
5.15 (12.49%)
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
TOP PICK
TOP PICK
March 31, 2020
In these volatile times, have a risk management process. He uses a hedging overlap. He loves MU in the semi space, trading at 5x enterprise value to EBITDA. This just beat earnings even in this time. $63 is his own target. (Analysts’ price target is $61.37)
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In these volatile times, have a risk management process. He uses a hedging overlap. He loves MU in the semi space, trading at 5x enterprise value to EBITDA. This just beat earnings even in this time. $63 is his own target. (Analysts’ price target is $61.37)
PAST TOP PICK
PAST TOP PICK
January 23, 2020
(A Top Pick Feb 20/19, Up 41%) It moved up quite a lot but now analysts are starting to talk about renewed pricing power on DRAM memory. It's more a trading stock. They really fixed their balance sheet.
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Micron Technology (MU-Q)
January 23, 2020
(A Top Pick Feb 20/19, Up 41%) It moved up quite a lot but now analysts are starting to talk about renewed pricing power on DRAM memory. It's more a trading stock. They really fixed their balance sheet.
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.
Showing 1 to 15 of 95 entries

Micron Technology(MU-Q) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 3

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 5

Stockchase rating for Micron Technology is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Micron Technology(MU-Q) Frequently Asked Questions

What is Micron Technology stock symbol?

Micron Technology is a American stock, trading under the symbol MU-Q on the NASDAQ (MU). It is usually referred to as NASDAQ:MU or MU-Q

Is Micron Technology a buy or a sell?

In the last year, 5 stock analysts published opinions about MU-Q. 3 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is TOP PICK. Read the latest stock experts' ratings for Micron Technology.

Is Micron Technology a good investment or a top pick?

Micron Technology was recommended as a Top Pick by Kim Bolton on 2020-03-31. Read the latest stock experts ratings for Micron Technology.

Why is Micron Technology stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Micron Technology worth watching?

5 stock analysts on Stockchase covered Micron Technology In the last year. It is a trending stock that is worth watching.

What is Micron Technology stock price?

On 2020-04-06, Micron Technology (MU-Q) stock closed at a price of $46.37.