Micron Technology

MU-Q

NASDAQ:MU

52.85
1.53 (2.81%)
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
September 11, 2014

This is all about memory and that particular space is firming up quite a bit. Demand is rising for memory. Flash memory, but more particularly the D-RAM memory. People want new phones and that is going to continue. Trading at a pretty deep discount to its group at 9X forward PE, versus the group at 17X. Thinks the stock will grow at 15%.

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Micron Technology (MU-Q)
September 11, 2014

This is all about memory and that particular space is firming up quite a bit. Demand is rising for memory. Flash memory, but more particularly the D-RAM memory. People want new phones and that is going to continue. Trading at a pretty deep discount to its group at 9X forward PE, versus the group at 17X. Thinks the stock will grow at 15%.

COMMENT
COMMENT
August 15, 2014

This is the cyclical of the tech names. It is a deep cyclical in that when things are going well, things are very, very well, but when they go badly, the earnings just disappear. Closed at $31.04 and his model price is $52.85, a 70% upside. However, the market is sceptical because obviously earnings are great today, but what is going to happen tomorrow. There is a significant discount between the price today and what the model price is. The good news is, it is holding up one of his structural levels and, obviously, the balance sheet has grown quickly as they are aggressively buying back stock. Appropriately priced. If it pulled back to the $24-$25 level, this would be very positive for the name.

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Micron Technology (MU-Q)
August 15, 2014

This is the cyclical of the tech names. It is a deep cyclical in that when things are going well, things are very, very well, but when they go badly, the earnings just disappear. Closed at $31.04 and his model price is $52.85, a 70% upside. However, the market is sceptical because obviously earnings are great today, but what is going to happen tomorrow. There is a significant discount between the price today and what the model price is. The good news is, it is holding up one of his structural levels and, obviously, the balance sheet has grown quickly as they are aggressively buying back stock. Appropriately priced. If it pulled back to the $24-$25 level, this would be very positive for the name.

DON'T BUY
DON'T BUY
April 14, 2014

Fighting a war against very aggressive competitors, especially Intel. It has always been a very competitive business. Prefers Intel, but it is expensive.

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Fighting a war against very aggressive competitors, especially Intel. It has always been a very competitive business. Prefers Intel, but it is expensive.

COMMENT
COMMENT
April 2, 2014

Bought this because this was a fragmented industry that has been consolidated down to 3 players. Historically pricing for D-RAM was quite volatile but there is a lot of pricing discipline now in the market. If there is more pricing discipline and less big new supply, then you could get a higher earnings multiple paid for the shares.

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Bought this because this was a fragmented industry that has been consolidated down to 3 players. Historically pricing for D-RAM was quite volatile but there is a lot of pricing discipline now in the market. If there is more pricing discipline and less big new supply, then you could get a higher earnings multiple paid for the shares.

TOP PICK
TOP PICK
February 27, 2014

Likes technology as a group. There is a boom in content being distributed and in the need for storage. They make storage for tablets, phones, etc. Historically they were cyclical. In the last 2-3 years there was consolidation in the industry and now there are only 3 companies in the market. There is pricing power and discipline so there are not boom and bust cycles. Earnings multiple may expand because investors don’t have to worry as much about the future.

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Micron Technology (MU-Q)
February 27, 2014

Likes technology as a group. There is a boom in content being distributed and in the need for storage. They make storage for tablets, phones, etc. Historically they were cyclical. In the last 2-3 years there was consolidation in the industry and now there are only 3 companies in the market. There is pricing power and discipline so there are not boom and bust cycles. Earnings multiple may expand because investors don’t have to worry as much about the future.

COMMENT
COMMENT
July 25, 2013

Semiconductor stocks have run substantially as investors are slowly starting to put their toe in the growth pond. A better semiconductor area to think about right now is Analog Devices (ADI-Q) which is effectively a play on automobiles and industrial production. If you believe that the economy is starting to improve, particularly the US economy, this is probably an interesting area to look at.

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Semiconductor stocks have run substantially as investors are slowly starting to put their toe in the growth pond. A better semiconductor area to think about right now is Analog Devices (ADI-Q) which is effectively a play on automobiles and industrial production. If you believe that the economy is starting to improve, particularly the US economy, this is probably an interesting area to look at.

BUY
BUY
October 12, 2011
Probably never earns its cost of capital. Highly capital intensive business. When there is an excess of DRAMs, price is driven down to marginal costs, which loses them tons of money but they have to keep reinvesting in the latest technologies. Manufacturers NAN, which is flash memory. Timing is now looking good. Could be volatile but in 6 months from now you’ll be better off owning it.
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Micron Technology (MU-Q)
October 12, 2011
Probably never earns its cost of capital. Highly capital intensive business. When there is an excess of DRAMs, price is driven down to marginal costs, which loses them tons of money but they have to keep reinvesting in the latest technologies. Manufacturers NAN, which is flash memory. Timing is now looking good. Could be volatile but in 6 months from now you’ll be better off owning it.
SELL
SELL
September 16, 2010
Well below its 200-day and 50-day moving averages. Would rather see it get above those levels before buying. If you own, consider looking at others in the technology space such as Xilinx (XLNX-Q).
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Micron Technology (MU-Q)
September 16, 2010
Well below its 200-day and 50-day moving averages. Would rather see it get above those levels before buying. If you own, consider looking at others in the technology space such as Xilinx (XLNX-Q).
BUY
BUY
August 4, 2010
Fairly volatile and sensitive to DRAM and the market for memory. One of the most aggressive in technology development and is better geared to be a leader than it has been in the past.
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Fairly volatile and sensitive to DRAM and the market for memory. One of the most aggressive in technology development and is better geared to be a leader than it has been in the past.
TOP PICK
TOP PICK
February 4, 2010
Market cap of $7 billion, have almost $2 billion in cash and they cash flow almost $400 million a quarter and trading at only 9X earnings.
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Micron Technology (MU-Q)
February 4, 2010
Market cap of $7 billion, have almost $2 billion in cash and they cash flow almost $400 million a quarter and trading at only 9X earnings.
BUY
BUY
February 4, 2010
Likes the technology and semiconductor space. The technology here is being recycled very quickly, which is what he likes. Forward PE is only at 10X earnings.
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Micron Technology (MU-Q)
February 4, 2010
Likes the technology and semiconductor space. The technology here is being recycled very quickly, which is what he likes. Forward PE is only at 10X earnings.
SHORT
SHORT
December 30, 2008
Not time to buy semiconductor space yet. The memory sector, which this company is in, is a terrible sector. This company lost $700 million out of $1.4 billion in revenues last quarter. Balance sheet is stretched.
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Micron Technology (MU-Q)
December 30, 2008
Not time to buy semiconductor space yet. The memory sector, which this company is in, is a terrible sector. This company lost $700 million out of $1.4 billion in revenues last quarter. Balance sheet is stretched.
DON'T BUY
DON'T BUY
December 29, 2008
Earnings are very cyclical. A very competitive business. Trying to compete with Asian companies.
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Micron Technology (MU-Q)
December 29, 2008
Earnings are very cyclical. A very competitive business. Trying to compete with Asian companies.
DON'T BUY
DON'T BUY
May 22, 2007
Serial overbuilder of capacity, consistantly fails to make it's earning targets.
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Serial overbuilder of capacity, consistantly fails to make it's earning targets.
DON'T BUY
DON'T BUY
November 9, 2006
The amount of capacity that’s coming in to produce products in their area is pretty substantial. Everyone’s producing Nan-Flash and the supply is driving prices down.
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Micron Technology (MU-Q)
November 9, 2006
The amount of capacity that’s coming in to produce products in their area is pretty substantial. Everyone’s producing Nan-Flash and the supply is driving prices down.
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