|Bid||0.00 x 800|
|Ask||0.00 x 1400|
|Day's range||52.09 - 56.89|
|52-week range||51.40 - 98.45|
|Beta (5Y monthly)||1.17|
|PE ratio (TTM)||6.67|
|Earnings date||26 Sept 2022 - 30 Sept 2022|
|Forward dividend & yield||0.40 (0.75%)|
|Ex-dividend date||08 Jul 2022|
|1y target est||81.94|
Yahoo Finance Live’s Brian Sozzi discusses the chipmaker slowdown as consumer demand for PCs continues to decline.
Shares of memory and storage producer Micron Technology (NASDAQ: MU) rose today, up 5.8% as of 3:54 p.m. ET. The move higher was certainly a bit of a surprise, given that Micron guided to a severe decline in revenue and earnings per share for the current quarter as part of its earnings release last Thursday. Because of the specific cities where lockdowns are currently occurring, that could actually be a positive for Micron, as its largest rivals in DRAM memory and NAND flash have significant operations in the affected cities.
Micron Technology's (NASDAQ: MU) latest quarterly report has dashed any hopes of a turnaround in its fortunes this year, and it wouldn't be surprising to see shares of the memory specialist head lower in the short term as it tries to navigate a weak demand environment. Micron's tepid guidance and management's comments regarding a slowdown in memory demand have sparked concern among investors about the health of the semiconductor industry. Micron's fiscal 2022 Q3 revenue increased 16% year-over-year to $8.64 billion.