Added to YB: 2024-06-18
Pitch date: 2024-06-17
MU [bullish]
Micron Technology, Inc.
+57.49%
current return
Author Info
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Company Info
Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products in the United States, Taiwan, Singapore, Japan, Malaysia, China, India, and internationally.
Market Cap
$270.7B
Pitch Price
$150.81
Price Target
235.00 (-3%)
Dividend
0.19%
EV/EBITDA
15.02
P/E
31.77
EV/Sales
7.33
Sector
Semiconductors and Semiconductor Equipment
Category
growth
Micron Technology Is Positioned For AI Factory Growth
MU: Earnings 6/26, expects strong growth in 2H24-FY25 from AI buildout driving DDR5 DRAM. HBM3E 10%+ of chips (50% CAGR). HBM4E next with custom logic. Auto & smartphone growth flat, but AI content increasing. Sampling GDDR7 for gaming/AI. Margins expanding from HBM mix. STRONG BUY $235 PT at 13x FY25 EBITDA, up 67% YTD with more upside in upcycle.
Read full article (5 min)