Micron technology today
Micron technology
As of 04:00 on the East
- 52-week range
- $ 83.54
▼
$ 157.54
- Dividend yield
- 0.49%
- P/e ratio.
- 27.30
- Value is valuable
- $ 132.92
Micron NASDAQ: MU The price of shares will re -test its record maximums this year, because the results and management of Q2 show how NVIDIA, how NASDAQ: NVDA Instant for a long time in the creation of the results of Micron show the boom the demand for graphic processors focused on AI NVIDIA. The semiconductor business of data processing centers in the fourth quarter increased by 300%, which led to national focus compared to Marketbeat consensus and favorable guidance.
The NVIDIA’s effectiveness has been akin to the 2023, the Micron leadership in income in the third quarter is approximately 500 basic points above consensus assessments, which forces analysts to increase their forecasts and raise target price indicators, creating a strong fair wind for market actions.
A recent lawsuit can be provided with an oncoming wind in the near future, but it is unlikely to last long. Not only is about half of these trials quit, but the rest are almost always settled. Since the lawsuit is focused on forecasts to restore demand for Nand, which is observed in the results and management of Q2, the chances are high, that this one will not be far away.
Conversely, the reaction of analysts to the results and the leadership of the micron in the vast majority of cases is optimistic. Approximately a dozen revisions, tracked during the first twelve hours after the release, include an increase in the price target that raised a low, consensus and high target target at the price of shares. The new assortment suggests that the micron is overestimated at $ 105, but the consensus, which has grown by 5% during the night, involves 35% growth, and many fresh goals lead to a high -class range.
Wow Micron results do not remain remuneration
Forecast of stocks of technology micron today
$ 133.67
41.12% growthModerate purchase
Based on 25 analysts ratings
| The current price | $ 94.72 |
|---|---|
| High forecast | $ 200.00 |
| Average forecast | $ 133.67 |
| Low forecast | $ 67.00 |
Forecast for forecasting of micron technology shares
Micron had a solid quarter in FQ2 and released reliable guidelines caused by an increase in demand for artificial intelligence products. Pure company revenue in the amount of 8.05 billion dollars. The United States grew by 38.3% in annual calculus and ahead of the consensus to 170 basic points on force in the DRAM and NAND markets. DRAM increased by 47%, due to an increase in sales of data processing centers by 3 times; NAN increased by a smaller, but still hard by 18.4%. As for the final markets, weaknesses in mobile and built -in were compensated by an increase in the computer and network by 109% and storage growth by 54%.
Margin News is also good. The company experienced margin pressure compared to last year, but much less than expected, while the gross and operating margins grow significantly. The conclusion is that the operational cash flow increased by 21% sequentially and more than 300% compared to the previous year due to normalization of reserves, which allows aggressively investing in the next generation technology, including the 1-gamma node in the near future.
This is the first use of EUV lithography in the production process of the 6th generation DRAM. It will produce HBM chips with higher density and improved energy consumption and performance.
Micron management is good. The company issued the management in the 3rd quarter with income and income is much higher than consensus forecasts. Power will come from DRAM and NAND markets, including data processing centers and applications oriented to the consumer. Micron says that he is back to getting record income and wider margin in a year.
Micron increases the value for investors in the second quarter
The main points of the Micron balance reflect the influence of investments, but otherwise they are healthy and indicate an increase in capital during the year. The balance of money of the company’s money is relatively stable, current and general assets have increased, general assets for increasing property, and liability is only partially compensated for by it. A pure result is an increase in capital by 7.7% and a constantly low leverse leftist. Long -term debt is less than 0.3 times of capital and 2 times in cash.
The price action in Micron shares after graduation is dim, and shares decreased by 3.5% in front of the opening. Nevertheless, the market remains above the critical level of support and the probable price floor and is on the way to continuing the movement to the side, if it does not begin to recover. The critical goal of support is about $ 100; Critical resistance is about 110 dollars.
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