Tag: Micron

Just last week, Micron released its fiscal 2019 earnings results, in which CEO Sanjay Mehrotra provided his view of the memory market.

Micron stock is cyclical. It soars in an upturn and falls in a downturn. In the last upturn period, which lasted for two years, Micron stock surged 570%.

Micron Technology reported upbeat fourth-quarter fiscal 2019 results on September 26 after the market closed. Micron stock fell 1.76% to $48.60 on the day.

Micron is scheduled to report its fourth-quarter earnings after the closing bell today. Micron stock has been in focus due to improving chip trends.

Yesterday, Broadcom (AVGO) stock fell 2.70% in after-hours trading after the chipmaker announced a convertible stock offering.

Last week on CNBC’s Mad Money, host Jim Cramer signaled bullishness toward Micron stock. The stock, currently trading at $49.60, rose 0.9% yesterday.

Micron Technology (MU) stock is in the spotlight this week, as the company is set to release its fiscal 2019 fourth-quarter results on Thursday after markets close.

Micron stock has been rising. On September 20, a J.P. Morgan analyst increased the target price on Micron stock to $65 from $50.

Chip maker Micron Technology (MU) is suddenly gaining the attention of analysts despite struggling with several challenges.

Micron (MU) increased its capital spending from $3.1 billion in fiscal 2014 to $8.8 billion in fiscal 2018 and increased its ROI from 16.8% to 42.4%.