Professional
Added to YB: 2024-12-02
Pitch date: 2024-09-30
MU [bullish]
Micron Technology, Inc.
+806.06%
current return
Author Info
No bio for this author
Company Info
Micron Technology, Inc. engages in the provision of semiconductor memory and storage products in the United States, Taiwan, Mainland China, other Asia Pacific countries, Japan, Europe, and internationally.
Market Cap
$1.1T
Pitch Price
$102.78
Price Target
N/A
Dividend
N/A
EV/EBITDA
9.28
P/E
12.82
EV/Sales
7.58
Sector
Semiconductors and Semiconductor Equipment
Category
growth
Alger Mid Cap Focus Fund Portfolio Holding: Micron Technology, Inc.
MU: Leading memory provider for AI, 5G, ML. Strong in HBM, DRAM, NAND, NOR. Q4 beat on data center & AI HBM sales. Weak PC/phone demand led to lower shipment forecasts. Shares down in Q3 on inventory concerns, but rebounded on Q4 results. Well-positioned for AI, cloud, 5G growth.
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