Latest news with #Micron
Yahoo
13 hours ago
- Business
- Yahoo
Micron Technology, Inc. (MU) is Attracting Investor Attention: Here is What You Should Know
Micron (MU) has been one of the most searched-for stocks on lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Over the past month, shares of this chipmaker have returned +17%, compared to the Zacks S&P 500 composite's +6.1% change. During this period, the Zacks Computer - Integrated Systems industry, which Micron falls in, has gained 13.3%. The key question now is: What could be the stock's future direction? While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making. Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings. We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. For the current quarter, Micron is expected to post earnings of $1.57 per share, indicating a change of +153.2% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days. The consensus earnings estimate of $6.93 for the current fiscal year indicates a year-over-year change of +433.1%. This estimate has changed +1.4% over the last 30 days. For the next fiscal year, the consensus earnings estimate of $10.79 indicates a change of +55.7% from what Micron is expected to report a year ago. Over the past month, the estimate has changed -0.2%. With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Micron. The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth. In the case of Micron, the consensus sales estimate of $8.81 billion for the current quarter points to a year-over-year change of +29.3%. The $35.49 billion and $46.11 billion estimates for the current and next fiscal years indicate changes of +41.3% and +29.9%, respectively. Micron reported revenues of $8.05 billion in the last reported quarter, representing a year-over-year change of +38.3%. EPS of $1.56 for the same period compares with $0.42 a year ago. Compared to the Zacks Consensus Estimate of $7.9 billion, the reported revenues represent a surprise of +1.97%. The EPS surprise was +9.09%. The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period. No investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance. While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price. The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued. Micron is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade. The facts discussed here and much other information on might help determine whether or not it's worthwhile paying attention to the market buzz about Micron. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Micron Technology, Inc. (MU) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
2 days ago
- Business
- Yahoo
Boise confronts growth: 7 articles examine housing, hazards and public needs
Stories by Idaho Statesman journalists, with AI summarization Boise is tackling complex challenges as its population grows and needs intensify. A Boise State study shows supportive housing like New Path has saved $9 million in emergency services, but homelessness is rising as affordable housing remains scarce. Residents have voiced concerns over dense developments like the 200-apartment building on Federal Way and worry about safety in fire-prone neighborhoods with only a single road for evacuation. Climate change is also taking a toll, with extreme heat and wildfire smoke halting road maintenance projects. Amid these pressures, the city weighs historic preservation against redevelopment, as seen with the threatened demolition of the Nathan Smith House and approval of new infill apartments. Hundreds of residents of three subdivisions in Southeast Boise near Micron have only one escape route: Columbia Road. Developers have plans for more homes. | Published November 18, 2024 | Read Full Story by Nick Rosenberger January count shows 14% jump in homelessness in Ada County since last year. Official says rising housing cost, lack of housing stock drive the increase. | Published November 22, 2024 | Read Full Story by Sarah Cutler 2024 was an 'abnormal' year, but it may become the new normal, a top Ada County Highway District official says. | Published November 23, 2024 | Read Full Story by Sarah Cutler The Cabin, a long-running literary arts nonprofit that has attracted national and international talent, is expanding near the Boise River Greenbelt. | Published January 26, 2025 | Read Full Story by Nick Rosenberger Neighbors argued the building was too tall, was too dense and didn't fit the character of the neighborhood. It could start going up near Boise State University soon. | Published February 6, 2025 | Read Full Story by Nick Rosenberger Hundreds of Boiseans opposed the project, saying it could expose children to asbestos, cause traffic headaches and change the neighborhood. The Boise School District voted to buy it instead. | Published February 13, 2025 | Read Full Story by Nick Rosenberger Fire damage makes it 'impossible to justify the financial implications,' according to a Boise construction company. But 'with enough money anything … can be repaired.' | Published May 23, 2025 | Read Full Story by Nick Rosenberger The summary above was drafted with the help of AI tools and edited by journalists in our News division. All stories listed were reported, written and edited by McClatchy journalists.
Business Insider
5 days ago
- Business
- Business Insider
AI Boom Pushes Micron Stock (MU) Towards $145 Price Target
When I first invested in Micron (MU) earlier this year, my expectations were optimistic. Although the stock has appreciated to around $95, representing approximately a 30% return since my purchase, I believe this is only the beginning of its potential growth. Future gains are likely to be driven by the expanding opportunities in artificial intelligence. Consequently, I have set a price target of $145 over the next 12 months. Confident Investing Starts Here: While this may appear ambitious, Micron's role as a key supplier of critical memory technologies in the AI sector positions it as a stable, cyclical investment. Micron's business has historically exhibited cyclical characteristics; however, unlike previous cycles, the company has now firmly established itself at the forefront of the AI revolution. With strategic partnerships involving leading industry players such as Nvidia (NVDA) and a strong financial foundation, Micron offers a broader potential return horizon than in the past. Micron's HBM3E Is a Catalyst for AI One of the key reasons I am optimistic about Micron is the rapid growth of High Bandwidth Memory (HBM). AI systems that power platforms like ChatGPT and NVIDIA's latest GPUs require high-performance memory capable of transferring large volumes of data at exceptional speeds. Micron's latest product, HBM3E, meets these demanding requirements and is already being integrated into NVIDIA's flagship AI systems. The advanced speed and performance of HBM3E position Micron at the center of a fast-growing market segment focused on running complex AI models and applications. In fact, Micron has already fully booked its 2025 production capacity for these HBM chips, reflecting robust demand. This is not merely a short-term surge. The HBM market is projected to grow significantly and become a substantial part of overall DRAM sales. Industry analysts estimate HBM will represent approximately 15% of DRAM sales in 2024—about double its share from 2023. Micron anticipates the HBM market will reach over $35 billion by 2025, surpassing earlier projections. This sustained, structural growth driven by AI gives me confidence that Micron is positioned for a long-term growth trajectory rather than a temporary upswing. Strong Financial Performance Underpins the Bull Case Micron's recent financial performance strongly supports my bullish outlook. In the second quarter of Fiscal 2025, the company reported revenues of $8.05 billion, marking a robust 38% year-over-year increase. Earnings per share reached $1.41, reflecting a significant recovery from the previous year and demonstrating solid operational progress and growing demand across business segments. These results exceeded market expectations, indicating strong underlying momentum. Looking ahead, Micron's financial outlook remains promising. Analyst projections anticipate earnings per share to rise substantially from approximately $7 in Fiscal 2025 to around $11 in Fiscal 2026. Even under a more conservative scenario of $8.00 per share in Fiscal 2026, Micron's current valuation at roughly 13 times forward earnings remains attractive given its growth trajectory. Applying a conservative multiple of 18 times forward earnings supports my target price of $145, suggesting meaningful upside potential from current levels. Don't Take Your Eye Off the Ball As with any investment, Micron faces several risks. The memory market is highly competitive, with major players like Samsung (SSNLF) and SK Hynix aggressively pursuing the AI memory segment. SK Hynix, notably NVIDIA's current HBM memory supplier, sets a high standard that Micron is working hard to match. Monitoring the pace of technological advancements remains critical. Geopolitical factors also present significant challenges. Past tensions between the United States and China have resulted in restrictions on Micron's chip sales to China. Any further deterioration in relations or expanded limitations on Micron's access to the Chinese market could negatively impact the company's revenue and profitability, given China's market importance. Lastly, while the current favorable environment for semiconductor memory driven by AI demand is strong, it is likely to eventually give way to oversupply or softened demand, which could pressure Micron's margins and revenues. That said, due to the structural growth driven by AI, I expect the next downturn to be less severe than in previous cycles. What is the Price Target for MU Stock in 2025? On Wall Street, Micron has a consensus Strong Buy rating based on 20 Buys, three Holds, and zero Sells. The average MU stock price target is $124.71, indicating almost 30% upside potential over the next 12 months. Micron (MU) Remains a Cheap Buy In summary, although my Micron investment has already gained around 30%, I remain very optimistic. Micron's strong strategic position in the AI-driven memory market, combined with its financial turnaround and key partnerships with NVIDIA, suggests significant growth potential ahead. The market has yet to fully reflect the earnings growth that AI is likely to generate for Micron in the coming years. While competition and geopolitical risks are real, Micron remains attractively valued. I believe that investors entering at today's price of about $95 have a solid opportunity to achieve strong returns over the next 12 months, despite the usual market fluctuations.
Yahoo
5 days ago
- Business
- Yahoo
Micron (MU) Stock Moves -0.21%: What You Should Know
The most recent trading session ended with Micron (MU) standing at $96.18, reflecting a -0.21% shift from the previouse trading day's closing. This change was narrower than the S&P 500's daily loss of 0.56%. Meanwhile, the Dow experienced a drop of 0.58%, and the technology-dominated Nasdaq saw a decrease of 0.51%. Shares of the chipmaker have appreciated by 25.36% over the course of the past month, outperforming the Computer and Technology sector's gain of 11.21% and the S&P 500's gain of 7.37%. Investors will be eagerly watching for the performance of Micron in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on June 25, 2025. On that day, Micron is projected to report earnings of $1.57 per share, which would represent year-over-year growth of 153.23%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $8.81 billion, up 29.33% from the year-ago period. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.93 per share and revenue of $35.49 billion. These totals would mark changes of +433.08% and +41.34%, respectively, from last year. Any recent changes to analyst estimates for Micron should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.4% increase. At present, Micron boasts a Zacks Rank of #3 (Hold). Investors should also note Micron's current valuation metrics, including its Forward P/E ratio of 13.92. For comparison, its industry has an average Forward P/E of 17.25, which means Micron is trading at a discount to the group. The Computer - Integrated Systems industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 57, which puts it in the top 24% of all 250+ industries. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to follow all of these stock-moving metrics, and many more, on Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Micron Technology, Inc. (MU) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
6 days ago
- Business
- Yahoo
Lightning-Fast Speeds, Massive Capacities: Crucial SSDs Elevate Gaming and Creative Endeavors
The Crucial T710 sets a new standard with unparalleled Gen5 performance for pro gamers and creators. The Crucial X10 portable SSD combines sleek style, functional durability and storage options up to 8TB. TAIPEI, Taiwan, May 19, 2025 (GLOBE NEWSWIRE) -- Today at Computex 2025, Micron Technology, Inc. (Nasdaq: MU) expanded its leadership in consumer storage by unveiling its latest high-performance SSDs — the Crucial T710 PCIe Gen5 NVMe SSD and the Crucial X10 Portable SSD. Forged from years of dedicated research and development, these next-gen SSDs redefine performance standards across the board by pushing the limits of speed, capacity and durability — powering your world at full speed. 'Our fastest Gen5 drive yet, the Crucial T710 SSD turbocharges gaming and creative applications,' said Dinesh Bahal, corporate vice president and general manager of Micron's Commercial Products Group. 'Meanwhile, our X10 portable drive is a powerhouse, effortlessly handling massive backups, games and photo libraries — no matter where life takes you or what it throws your way. These innovations from Crucial underscore our relentless effort to exceed our customers' storage needs.'A Media Snippet accompanying this announcement is available by clicking on this link. Crucial T710: Blazing fast Gen5 speed for gaming and AI Leveraging cutting-edge NVMe technology and Micron's G9 NAND, the Crucial T710 delivers unmatched Gen5 performance for pro-level gaming, creative applications and data-intensive tasks like AI. Boasting our best Gen5 speeds to date, it features up to: 14,900 megabytes per second (MB/s) sequential read speeds1 13,800 MB/s sequential write speeds1 2.2 million random read speeds1 2.3 million random write speeds 1 The T710 delivers up to 67% more IOPs per watt than previous-generation Gen5 drives, running faster and cooler and making it ideal for PCs, laptops and workstations. The optional integrated heatsink ensures the T710 stays cool under pressure and capacity options up to 4TB2 means users have the storage space they need for their most demanding projects. The increasing demands of AI applications require robust hardware for optimal performance. With its dramatically increased energy efficiency and decreased latency, the Crucial T710 is perfect for enabling real-time local data processing on AI PCs, with the speed to load a large language model from SSD to memory in under one second.3 Crucial X10: Fast and tough portable storage to expand your digital life Crucial's latest portable drive, the X10, delivers read speeds of up to 2,100 MB/s,4 twice as fast as its predecessor.5 The X10 is designed for users who need a fast, reliable and durable solution to back up and store their most important photos, games, movies, documents and more. With 4TB, 6TB and 8TB6 versions available, the Crucial X10 allows users to store massive amounts of data, including up to 500,000 4K photos, 114 games or 2.6 million MP3 files7. With its sleek, matte blue design, the X10 is perfect for content creators, gamers, photography hobbyists and mainstream consumers who require high-speed data transfer and ample storage capacity. Its durable design is IP65 dust- and water-resistant and drop-resistant up to 9.8 feet,8 making it a vault for your data — secure, portable and always ready. The T710 uses Silicon Motion's SM2508 controller, while the X10 uses the SM2322 controller. 'To meet the evolving demands of next-generation AI PCs, we've engineered our industry-leading SM2508 controller to deliver game-changing Gen5 performance combined with significant power savings compared to competitors,' said Nelson Duann, senior vice president of Silicon Motion's Client & Automotive Storage Business. 'Our close technical collaboration with Micron to turbocharge the Crucial T710 will transform the latest notebooks with extreme Gen5 performance that meets the needs of intensive applications like AI, gaming and beyond.' Availability: The Crucial X10 is now available for purchase through etailers, retailers and global channel partners, while T710 will be available starting in July 2025. Additional Resources: Crucial X10 web page Crucial T710 web page About Micron Technology, Inc. Micron Technology, Inc. is 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 (AI) and compute-intensive 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 © 2025 Micron Technology, Inc. All rights reserved. Information, products, and/or specifications are subject to change without notice. Micron, the Micron logo, and all other Micron trademarks are the property of Micron Technology, Inc. All other trademarks are the property of their respective owners. 1 Typical I/O performance as measured using CrystalDiskMark® with a queue depth of 512 and write cache enabled. Windows 11 Core isolation disabled for performance measurement. Fresh out-of-box (FOB) state is assumed. For performance measurement purposes, the SSD may be restored to FOB state using the secure erase command. System variations will affect measured results. 2 Some storage capacity is used for formatting and other purposes and is not available for data storage. 1GB equals 1 billion bytes. 3 As tested in Micron labs using Llama 2 with 13 billion parameters,10.4GB file size and 6-bit quantization vs. the PCIe Gen4 Micron 3500 SSD. 4 MB/s speed measured by Crucial as maximum sequential performance of device on a high-performance desktop computer with Crystal Disk Mark (version 8.0.4 for x64). Your performance may vary. 5 Comparative speed claims measured against maximum reported speeds from Crucial X9 SSD. Your performance may vary. 6 Some storage capacity is used for formatting and other purposes and is not available for data storage. 1GB equals 1 billion bytes. 7 Based on average photo size of 6MB, video at 4K/60fps in H264 format at 24GB/hr and 200GB for AAA games. 8 Up to 3 meters without impact to data on a carpeted floor. CONTACT: Micron Media Relations Contact Mengxi Liu Evensen +1 (408) 444-2276 productandtechnology@ Micron Investor Relations Contact Satya Kumar +1 (408) 450-6199 satyakumar@
