Micron Technology Inc. (MU)

MU (NASDAQ:Semiconductors) EQUITY
$58.23
pos +0.00
+0.00%
Today's Range: 57.30 - 59.10 | MU Avg Daily Volume: 52,665,900
Last Update: 06/15/18 - 4:00 PM EDT
Volume: 0
YTD Performance: 41.61%
Open: $0.00
Previous Close: $59.18
52 Week Range: $26.85 - $64.66
Oustanding Shares: 1,159,765,000
Market Cap: 68,634,890,625
6-Month Chart
TheStreet Ratings Grade for MU
Buy Hold Sell
A+ A A- B+ B B- C+ C C- D+ D D- E+ E E- F
TheStreet Ratings is the source for accurate ratings that you can rely upon to make sound, informed financial decisions. Click here to find out about our methodology.
Analysts Ratings
Historical Rec Current 1 Mo. Ago 2 Mo. Ago 3 Mo. Ago
Strong Buy 18 18 18 18
Moderate Buy 1 1 1 1
Hold 5 3 3 2
Moderate Sell 0 0 0 0
Strong Sell 1 1 1 0
Mean Rec. 1.60 1.46 1.46 1.21
Latest Dividend: 0.00
Latest Dividend Yield: 0.00%
Dividend Ex-Date: 12/31/69
Price Earnings Ratio: 7.11
Price Earnings Comparisons:
MU Sector Avg. S&P 500
7.11 7.28 20.10
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
-1.04% 90.54% 140.22%
GROWTH 12 Mo 3 Yr CAGR
Revenue 63.90 0.20 0.07
Net Income 0.00 0.70 0.18
EPS -1,733.00 0.60 0.17
Earnings for MU:
EBITDA 9.74B
Revenue 20.32B
Average Earnings Estimates
Qtr (05/18) Qtr (08/18) FY (08/18) FY (08/19)
Average Estimate $3.10 $3.07 $11.36 $10.48
Number of Analysts 5 5 5 5
High Estimate $3.10 $3.21 $11.50 $12.50
Low Estimate $3.10 $2.86 $11.15 $6.92
Prior Year $1.40 $1.99 $4.41 $11.36
Growth Rate (Year over Year) 121.43% 54.37% 157.69% -7.81%
Chart Benchmark
Average Frequency Timeframe
Indicator Chart Scale  
Symbol Comparison Bollinger Bands
I can't stress how important the ZTE news is for the group.
The optimism about trade with China is what truly inspires a rally like today coupled with a benign route for rates to go higher.
Have things turned weaker or is the bull case still intact?
If the shares rally it means there can be a semi that isn't brought low by Apple and the Chinese trade talks.

Mid Afternoon Observations Real Money Pro($)

* It looks like an "inside day" with a narrow trading range for the broad markets. * FANG has no "oomph." * Retail has caught a bid. (I have been adding to my Dillard D(DS) and Macy's (M) longs). * Defensive stocks are the worst. * Defense stocks - (LMT) , (NOC) and (RTN) - are knocking on hell's door. (This weekend I will review the space for opportunities, if they exist). * Biotech and pharma continue their declines. I am not interested in these sectors from a fundamental standpoint. * Everyone's favorite group, semis ((MU) and (INTC) ) look weak despite the cheerleading. Seems to me that everyone who wants to own them already       does so I have no sense of who the marginal buyer might be. * Little movement in interest rates today. * Gold continues to suffer from a stronger US Dollar. I am a buyer on any further weakness - for investment and not a trade. * Banks turn higher from morning lows. (I have been adding to these names - apparently I am more patient than many in the business news). * I like the pin action in recent buys (DWDP) , (BOX) and (TWTR) . Though I have a medium sized (SPY) short I am small net long in exposure now.
There is likely more headline risk to our front than to our rear.
Forward looking valuations, except for Nvidia, are very low.
There's a big hate on hardware and I don't see what's going to change that.
Latest salvo in China trade war damages tech while higher rates and oil undercut consumer goods and housing.
Semiconductor stocks' troubles are likely to last for a while.

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