Micron Technology, Inc. faces a high bar with implied volatility near 120% and heavy call-side positioning ahead of earnings. Analysts expect stellar results: Q2 EPS of $9.21, revenue of $19.9B, and rising margins, but even strong beats may not lift MU shares. Options pricing and gamma positioning suggest volatility dampening, with MU stock likely pinned between $450 and $460 post-earnings.
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Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Micron Technology (NASDAQ:MU) stock is 5.9% higher to trade at $451.18 today, after RBC hiked its price target to $525 from $425 and TD Cowen to $500 from $450.
MU's DRAM revenue is anticipated to soar 145% year over year in Q2 as AI workloads boost demand for high-performance memory.
Micron Technology (NASDAQ:MU) stock is up roughly 6% Monday morning, extending a 7.3% surge on Friday that followed news of Micron Technology's completed acquisition of a new Taiwan manufacturing site.
The prices of memory chip stocks are once again on the rise as a global shortage in random access memory (RAM) continues.
Micron stock (NASDAQ:MU) was on track for a strong open on Monday as investors leaned into a familiar but increasingly powerful theme. The MU stock surged over 4% in the pre-market trading on 16th March, a strong move which comes days ahead of the company's fiscal second-quarter report on March 18.
Micron Technology is set to report earnings after the market closes Wednesday, with traders anticipating the memory chipmaker's stock could reach new highs following the report.
Micron stock has surged on the memory-chip shortage. It is investing heavily in Taiwan to boost its manufacturing capacity.
Bridgefront Capital LLC lowered its stake in shares of Micron Technology, Inc. (NASDAQ: MU) by 53.6% in the undefined quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,403 shares of the semiconductor manufacturer's stock after selling 5,089 shares during the period.
Ausdal Financial Partners Inc. lifted its position in shares of Micron Technology, Inc. (NASDAQ: MU) by 23.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,935 shares of the semiconductor manufacturer's stock after purchasing an additional 2,661 shares during the period. Ausdal