MU

Micron Technology Inc.

TMT


Presented:01/29/2024
Price:$89.07
Cap:$98.33B
Current Price:$104.32
Cap:$115.66B

Presented

Date01/29/2024
Price$89.07
Market Cap$98.33B
Ent Value$88.85B
P/E RatioN/A
Book Value$38.85
Div Yield0.52%
Shares O/S1,103.91M
Ave Daily Vol14,008,101
Short Int1.82%

Current

Price$104.32
Market Cap$115.66B
Micron Technology, Inc. engages in the provision of innovative memory and storage solutions. It operates through the following segments: Compute and Networking Business Unit (CNBU), Mobile Business Unit (MBU), Embedded Business Unit (EBU), and Storage Business Unit (SBU). The CNBU segment includes memory products and solutions sold into client, cloud server, enterprise, graphics, and networking markets. The MBU segment is involved in memory and storage products sold into smartphone and other mobile-device markets. The EBU segment focuses on memory and storage products sold into automotive, industrial, and consumer Markets. The SBU segment consists of SSDs and component-level solutions sold into enterprise and cloud, client, and consumer storage markets. The company was founded by Ward D. Parkinson, Joseph Leon Parkinson, Dennis Wilson, and Doug Pitman on October 5, 1978 and is headquartered in Boise, ID.

Publicly traded companies mentioned herein: Samsung Electronics Co Ltd (KRX: 005930), Micron Technology Inc (MU)

Highlights

The presenter is long shares of Micron Technology (MU) driven by the increasing focus on High Bandwidth Memory (HBM) within the semiconductor industry. He notes that a significant portion of new capital expenditure is being directed towards HBM, influenced by factors such as demand from hyperscalers, mobile phones, and a moderate uptick in PC demand. This shift away from legacy nodes may create a potential pricing cycle in dynamic random-access memory (DRAM) as demand recovers across various end markets. 

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Request access to DeMatteo Research for full access

Request Access

Already have an account?

Idea Discussion

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Idea Discussions display submitted commentary from our investor community.

To read and participate in the discussion with the presenter and investor base, request access to DeMatteo

Request Access

Already have an account?

An error occurred loading this content. Try again later or contact us.