We are an industry leader in innovative memory and storage solutions transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership, and manufacturing and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND and NOR memory and storage products through our Micron and Crucial brands. Every day, the innovations that our people create fuel the data economy, enabling advances in artificial intelligence and 5G applications that unleash opportunities — from the data center to the intelligent edge and across the client and mobile user experience. To learn more about Micron Technology, Inc. (Nasdaq: MU), visit micron.com.
Wedbush analyst M. Bryson now anticipates that Micron Technology, Inc. (NASDAQ:MU) will post earnings per share of $1.34 for the quarter, down from their prior forecast of $1.50. The consensus estimate for Micron Technology’s current full-year earnings is ($2.78) per share.
Deutsche Bank continues to see the dynamic decline in prices for DRAM and NAND chips as the biggest variable in Micron Technology’s (Nasdaq:MU) 2023 results. Deutsche Bank now expects challenges in the company’s fiscal second and third quarters, saying inventory adjustments for enterprise and cloud customers are well underway, while the latest industry survey shows that selling price erosion “remains severe.” In addition, the analyst told investors in a research note that unit sales data from peers suggest that Micron’s underlying assumption for a mid-term demand recovery in 2023 “may be overly optimistic.” Deutsche Bank sees Micron Technology’s current share price level as risk-reward balanced and maintains a “hold” rating with a target price of $55.
Micron Technology (Nasdaq:MU), a memory chip maker and storage solution provider, announced layoffs late last year when it announced it would cut 10 percent of its workforce, and will remain cautious in spending in 2023 in anticipation of challenges in the semiconductor market. According to the layoffs announced at the time, Micron’s round of layoffs would affect nearly 5,000 employees, and Micron had about 48,000 employees worldwide at the time, and the layoffs would cost $30 million. According to the latest reports, the layoff plan announced by Micron last year is expected to be completed by the end of this month, and their employees will also be significantly reduced.
Micron Technology (NASDAQ:MU) said its board committee approved a reduction in the annual base salary of some executives in fiscal year 2023 and the suspension of bonuses for all executives. The pay cut will expose CEO Sanjay Mehrotra to a 20 percent pay cut, with a 15 percent cut for the executive vice president and a 10 percent cut for the senior vice president.
Micron Technology, Inc.(Nasdaq:MU) Stock price trend forecast and trading range: Updated to: 2023.1.10 (Note: The upper red line in the picture is the resistance, and the lower red line is the support) Analysis from stock chart —————————————————————- Short-term trend: bullish Sell high and buy low of range : $54.5 – $60 Support: $48.5 resistance: $60 Stop Loss Price: $54.5 price target: $60 Buy the position again: stop fall and rise to $48.5 Medium-term trend: neutral High sell low buy range: $54.5 – $60 Support: $48.5 resistance: $60 Stop Loss price: $54.5 price target: $60 Buy the position again: stop fall and rise to $48.5 Long-term trend: bearish High sell low buy of range: $54.5 – $65 Support : $48.5 resistance: $65 Stop Loss price: $54.5 price target : $65 Buy the position again: stop fall and rise to $48.5 From Analysis from financial statements: Revenue for the first quarter of
Micron Technology (Nasdaq:MU)Stock price trend forecast and trading range -2023.1.10 Read Post »
Argus analyst Jim Kelleher downgraded Micron to Hold from Buy. The analyst believes that the company is facing a challenging environment with the prospects of deep operating losses over the next few quarters. While Micron shares are “deeply discounted”, he can no longer recommend the stock even for investors who are aware of the risks investing in memory technology and the big stock swings due to volatile pricing, Kelleher tells investors in a research note.
Micron Technology (NASDAQ:MU) Cut to Hold From Buy by Argus Research Read Post »
2022.12.22 Morgan Stanley: Micron Technology (MU. O) Price target to $46 from $49. Micron Technology, Inc.(Nasdaq: MU) stock trading strategy: 2022.12.23 From the stock technical graph analysis, the stock price has not fallen below the previous stage low of $48.33 even under the background of the financial report falling less than expected and the NASDAQ index plummeting, short-term buying support is strong, aggressive investors can back $48 high selling low or holding positions, stop loss price of $47, stock price stop falling and rise and close price higher than 47 yuan when the cover is made, it is not recommended for prudent investors to buy the bottom of the transaction. From a fundamental perspective, operating income for the first quarter of fiscal 2023 was $4.085 billion, market expectations were $4.12 billion, YoY-46.86%, net income attributable to common shareholders was -$195 million, prior-$2.306 billion, and EPS was -$0.18 vs. $2.04 previously.
Morgan Stanley: Micron Technology (MU. O) Price target to $46 from $49 Read Post »