Wall Street is underestimating these companies' momentum heading into 2025.The stock market has hit new highs nearly four dozen times this year, suggesting stock valuations are elevated. But as we near the end of 2024, there are still several compelling bargains to be found in the tech and telecommunications sectors.If you have extra cash you don't need for paying expenses or bolstering an emergency fund, here are two bargain stocks worth considering that you can buy for less than $500. These companies bene ...

With just one subscription to Beyond the Wall Investing , you can save thousands of dollars a year on equity research reports from banks. You'll keep your finger on the pulse and have access to the latest and highest-quality analysis of this type of information.Micron Technology, Inc. (NASDAQ: MU ) is an American multinational semiconductor manufacturer with a market cap of about $110 billion that develops memory and data storage technologies. Based in Boise, Idaho, Micron is known for its innovative produc ...

These three stocks have dropped over 30% from their 52-week highs. At the same time, analysts expect strong revenue and earnings growth for them soon. These forecasts show positive outlooks for the firms. But, they also place high expectations that are important to stay aware of. Their stock prices will be judged on whether they meet these strong prospects. Get TransMedics Group alerts:Remitly: Streamlining Payments Across Borders Remitly Global TodayRELYRemitly Global$17.98 +2.72 (+17.82%) 52-Week Range$11 ...

Micron Stock Has Ridden the Nvidia Wave. It Now Faces This Big Threat. ...

BOISE, Idaho, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU) today announced that Robert (Bob) Switz, its current Board Chair, will retire at the annual shareholders meeting on Jan. 16, 2025. The Board has unanimously approved the appointment of Micron's President and CEO, Sanjay Mehrotra, to serve as Board Chair and Lynn Dugle as Lead Independent Director following the annual shareholders meeting. Switz joined Micron's Board of Directors in 2006 and was named Chair in 2012. With bro ...

Micron Technology Inc. (NASDAQ: MU), a key player in the semiconductor memory and storage industry, has experienced a turbulent 2024 marked by both highs and pullbacks. Despite the broader outperformance of major semiconductor stocks this year, Micron has notably lagged behind its peers. Currently valued at $116 billion, the stock is down 33% from its record high of $157 set in June. HOME > MU · NASDAQ Micron Technology Inc Micron one-month stock price. Source: Google Finance Following a sharp downtrend in ...

Susquehanna Investment Group trimmed its stake in Nvidia while increasing its position in Micron by 271%. Jeff Yass is the co-founder of institutional money manager Susquehanna International Group (SIG). SIG specializes in quantitative trading and holds positions across many leading technology stocks. While analyzing SIG's most recent 13F filing, I noticed something interesting. Namely, during the second quarter, the fund sold 52 million shares of Nvidia (NVDA 0.52%) -- reducing its position in the chip gia ...

Investment Rating - The report initiates coverage with a "Buy" rating for Micron Technology (MU US) and sets a target price of $148.00 [1][5][6]. Core Insights - Micron is expected to rapidly iterate its HBM products, leading to revenue and profit margins that may exceed expectations [1]. - The HBM business market share is projected to continue increasing from 2024 to 2026, with significant capital expenditures planned to enhance production capacity [2][16]. - The high demand for HBM products, particularly driven by AI applications, is anticipated to support pricing stability in the high-end segment [3][15]. - Operating profit margins for Micron are expected to improve significantly in the 2025 and 2026 fiscal years, driven by a higher contribution from HBM revenue and recovery in DRAM and NAND margins [4][17]. Summary by Sections HBM Business Outlook - Micron's HBM market share is expected to rise to 11% by 2025, supported by increased capital expenditures and advancements in HBM3E and HBM4 technologies [2][16]. - The global demand for HBM driven by AI chips is projected to reach 23.6 billion GB by the end of 2025, while supply from Micron, Samsung, and SK Hynix is expected to be 20.1 billion GB, indicating a supply shortage [3][15]. Financial Projections - Revenue forecasts for Micron show significant growth, with expected revenues of $38.65 billion in 2025 and $44.85 billion in 2026 [5][8]. - The GAAP operating profit margin is projected to reach 27.5% in 2025 and 32.0% in 2026, driven by an increase in HBM revenue contribution [4][17]. Valuation and Target Price - The target price of $148.00 reflects a substantial upside potential of 41% from the current price of $105.05, based on a sum-of-the-parts (SOTP) valuation approach [5][6][19]. - The valuation includes estimates for DRAM, NAND, and other business segments, along with net cash of $9.08 billion [19]. Market Dynamics - The report highlights that the high-end HBM products will remain in short supply through 2025-2026, supporting price stability [3][15]. - Micron's strategy includes a focus on long-term contracts with customers, which has increased the predictability of revenue and operational stability [28][30]. Product Development and Innovation - Micron is advancing its product offerings by skipping HBM3 and directly developing HBM3E and HBM4, with successful validation from Nvidia [18][34]. - The company is also enhancing its production efficiency and reducing costs through technological innovations in DRAM and NAND manufacturing processes [24][26].

Nvidia has dominated the chip narrative for the last couple of years, but I think Micron Technology could wind up being a more important business in the long run. It's no secret that semiconductor chips have been witnessing outsized demand over the last couple of years. As corporations continue figuring out how artificial intelligence (AI) can bring a new wave of efficiency to the workplace, chips will remain a critical piece of infrastructure. Within the chip realm, Nvidia sits atop the throne thanks to it ...

A month has gone by since the last earnings report for Micron (MU) . Shares have lost about 2.8% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Micron due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Micron Crushes Q4 Earnings & Revenue Estimates, Up Y/YMicron e ...