Micron Stock Analysis: Micron Has A Tailwind From Growing Mobile DRAM Revenue

motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary:

  • Ignore the noise/anxiety over China’s threat to file anti-trust charges against DRAM leaders like Micron. It is just China making retaliatory threats against Trump’s trade war words.
  • Better focus on the fact that mobile DRAM sales continue to surge. Growing mobile DRAM demand can offset declining prices of PC DRAM products.
  • Apple’s choice of Micron DRAM for its latest iPhones is a solid tailwind for Micron. Apple’s track record showed it can sell more than 50 million new iPhones per year.
  • Micron’s mass production of 10-nm 12GB LPDDR4X mobile DRAM should keep Apple as a customer for a long time.
  • MU has obvious notable upside potential because its valuation is way below than that of its peers in the semiconductor industry.

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MU Stock Predictions: Accelerating AI Drives Demand for Flash Memory

MU Stock Predictions

This article was written by Graham Ellinson, a Financial Analyst at I Know First.

Source: Shutterstock

Summary

  • Micron has taken a hit in recent months following ruling blocking sales in China
  • As the U.S. – China trade war continues Micron could be considered one of the victims
  • Remain patient with Micron as NAND flash storage is set for an upward shift as AI is accelerating
  • Prices set to remain stable with DRAM products owing to small number of competitors

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Micron Stock Forecast: Micron (MU) Shares Show Consistent Algorithm Results

This article was written by Esther Hanon, a Financial Analyst at I Know First

“I can’t change the direction of the wind, but I can adjust my sails to always reach my destination”

—Jimmy Dean

Summary:­­­­

  • Memory-chip maker Micron Technology continued its skyward climb, following a breakout last week
  • Micron shares jumped 8.8% to close at 59.37 on the stock market on Monday, March 12 Micron stock broke out of a 14-week consolidation period with a buy point of 49.99 on March 5th.
  • Analysts are maintaining its outperform rating while many others are shifting towards a buy rating in the recent days.
  • Catalysts for Micron stock include higher DRAM chip pricing, margin expansion in NAND chips, and expectations for increased capital returns. Micron can also be an acquisition target as chip-industry merger activity intensifies.

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MU Stock Prediction: New 3D NAND Can Help Micron’s Market Share In Smartphones

motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology  – Senior Analyst at I Know First

New 3D NAND Can Help Micron’s Market Share In Smartphones

Summary:

  • Micron’s new triple level cell (TLC) 3D NAND mobile memory products are timely. They could be used in this year’s flagship phones and tablets.
  • Smartphones are already the largest customers of NAND memory chips. Technavio calls smartphones the key driver in global NAND flash sales.
  • Technavio expects NAND flash sales to experience a 15% CAGR from 2018 to 2022.
  • On-device Artificial Intelligence for smartphones/tablets requires larger and faster NAND memory solutions. Data will be stored and processed on the device itself.
  • The advent of 4K video recording and 12-megapixel photography in modern smartphones also require faster and larger memory chips.

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Quick Win By The Algorithm: MU Reaches $43 Price Target As Predicted By I Know First Analyst

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MU Stock Predictions: Micron Can Still Hit A New 52-week High This Year, Maybe $43

motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology  – Senior Analyst at I Know First

MU Stock Predictions

Summary:

  • Micron’s stock posted a new 52-week high price of $38.46 on September 28.
  • The big beat on Q4 ER numbers last September 26 is fueling a bull rush for Micron. I am betting MU can hit $42 before 2017 ends.
  • The short supply and high prices for DRAM and NAND will persist to 2018. Micron therefore has more upside potential. DRAM accounts for 66% of Micron. NAND is 30% of revenue.
  • An iPhone 8 Plus teardown confirmed that Apple is still using Micron mobile DRAM.
  • Micron is also a beneficiary of the high prices and tight supply of discrete GPUs caused by crypto-currency mining.

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MU Stock Forecast: Micron Is Still Relatively Undervalued And DRAM Prices Will Remain High

motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology  – Senior Analyst at I Know First

Micron Is Still Relatively Undervalued And DRAM Prices Will Remain High

Summary:

  • I made a buy recommendation for Micron last August 22. The stock has since returned +21.48%.
  • I previously expected MU to breach $35 before 2017 ends and it already happened. It posted a new 52-week high of $36.60 this week.
  • Micron is still a buy. This company’s stock is still relatively undervalued compared to its sector/industry peers.
  • This DRAM/NAND company will report its Q4 earnings on September 22. I expect it to beat street estimates.
  • I expect MU’s upward market trend to continue well into 2018. I Know First has very bullish near and long-term algorithmic forecasts for this stock.

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