Micron technology today
Micron technology
As of 04:00 pm
- 52 weeks
- 83.54 dollars
▼
157.54 dollars
- Profit
- 0.49 %
- P/E ratio.
- 27.30
- The target price
- 132.63 dollars
Micron Nasdak: Mo The stock price will be re -testing its levels at all this year because the Q2 results and the direction reveal NVIDIA like Nasdak: nvda A moment. For a long time in making, Micron results show prosperity in demand for graphics processing units that focus on NVIDIA. The semiconductor works in the data center grew by 300 % in the fourth quarter, which led to the superior performance at the system level against the consensus of the reported Marketbeat and favorable guidance.
Like NVIDIA’s performance since 2023, Micro guidance for the third quarter revenue is about 500 basis points higher than unanimity estimates, prompting analysts to increase their expectations and raise their prices, creating a strong offer for market procedures.
A recent lawsuit may provide the opposite wind in the short term, but it is unlikely to last long. About half of these lawsuits are not only rejected, but the rest is almost always settled. Since the lawsuit focuses on NAND request predictions, which are seen in Q2 results and guidance, the possibilities are high because this will not reach a large extent.
On the contrary, analysts ’response to the results and directing of Micron is greatly bullied. Dozens or so includes the reviews that were followed within the first twelve hours of the release of the targeted increases for the price that raised the low goal, consensus, and the advanced goal of the stock price. The new range indicates that Micron is exaggerated at $ 105, but consensus, an increase of 5 % overnight, indicates an increase of 35 %, with many new goals that lead to the advanced range.
Wow Micron results do not try it
Micron Technology stock forecast today
132.63 dollars
40.02 % climbModerate purchase
Based on 25 analyst classifications
| The current price | 94.72 dollars |
|---|---|
| High expectations | 200.00 dollars |
| Average expectations | 132.63 dollars |
| Low expectations | $ 67.00 |
Micron technology shares details
Micron had a strong quarter in FQ2 and issued strong guidelines paid for increasing demand for artificial intelligence products. The company’s net revenue increased by $ 8.05 billion by 38.3 % year on year and outperformed the consensus by 170 basis points on the power in the DRAM and NAND markets. DRAM increased by 47 %, driven by an increase of 3X in the sales of the data center; Nand increased by smaller but still solid 18.4 %. Regarding the final markets, the weaknesses in the mobile phone and built -in an increase of 109 % in the computer and networks and an increase of 54 % in storage.
Margin news is good as well. The company witnessed the pressure of the margin for the past year, but much less than expected, with the total margins and operation rising significantly. Prefabbed meals are that the operating cash flow increased by 21 % in a continuous manner and more than 300 % compared to the previous year due to the normalization of inventory, allowing aggressive investment in the next generation technology, including the 1-Gamma drama knot that will be released soon.
This is the first use of the company for the Euv printing in the Sixth Generation DRAM manufacturing process. HBM chips will produce higher intensity, improve energy consumption and performance.
Good micron instructions. The company has issued Q3 instructions with revenues and profits much higher than that of consensus. The power will come from DRAM and NAND markets, including databases and applications that focus on consumer. Micron says she has returned to the right track to produce record revenues and a wider margin of this year.
Micron builds value for investors in Q2
The most prominent public budget for Micro reflects the effect of investments, but it is healthy and indicates that the shares are increased with the progress of the year. The company’s cash balance is relatively stable, the current and total assets, the total assets have increased, only partially responsibility. The net result is an increase of 7.7 % in stocks and the low financial leverage constantly. Long -term debt is less than 0.3X stocks and 2x in cash.
The basic procedure in Micron shares after the release is faded, as the shares decreased by about 3.5 % from the open. However, the market is still higher than critical support levels and potential price floor, which is on the right track to continue moving sideways if the recovery does not start. The goal of decisive support is near $ 100; Critical resistance is approaching $ 110.
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