Micron TechnologyPembelian
MU Facts and Opinions
Just using this idea as a holding ground for all the different MU opinions I am hearing
Initial point:
These numbers are BEFORE this $8 sell-off:
P/E
AVGO 237.5
NVDA 49.8
NXP 24.6
TXN 22.7
TSM 18.5
AMAT 16.6
INTC 15.6
MU 9.81
EPS
Intel $ 2.86
NVidia $ 4.03
Broadcom $ 1.17
Texas Instruments $ 4.28
Micron $ 4.32
Forward PE of 6.26, best performer in the semi industry by far. Cash of $5+ billion vs. debt of $11 billion.
Counterpoint:
MU's growth prospects are not as strong as others in the sector. They're not tapped into gaming and IoT as much as the others so their forward earnings growth is lower. MU is fairly valued and will move with market.
Counterpoint to Counterpoint:
P/E is lower because of the cyclical factors (which in my mind is unwarranted). Memory isn't going anywhere, it's an oligopoly, China isn't getting any of the IP anytime soon. They'll produce shit memory products, but the margin is in high end and building those foundries takes years and some of the world's most secure IP to build.
Sweeps:
12/6 9:51 MU Feb 50 call block 180k
12/6 10:18 MU Jan 32 call block 789k.
12/8 10:28 MU 12/8 40 call blocks hit twice for
73K a piece
12/8 11:09 MU Feb 35 call block 1.1M
Initial point:
These numbers are BEFORE this $8 sell-off:
P/E
AVGO 237.5
NVDA 49.8
NXP 24.6
TXN 22.7
TSM 18.5
AMAT 16.6
INTC 15.6
MU 9.81
EPS
Intel $ 2.86
NVidia $ 4.03
Broadcom $ 1.17
Texas Instruments $ 4.28
Micron $ 4.32
Forward PE of 6.26, best performer in the semi industry by far. Cash of $5+ billion vs. debt of $11 billion.
Counterpoint:
MU's growth prospects are not as strong as others in the sector. They're not tapped into gaming and IoT as much as the others so their forward earnings growth is lower. MU is fairly valued and will move with market.
Counterpoint to Counterpoint:
P/E is lower because of the cyclical factors (which in my mind is unwarranted). Memory isn't going anywhere, it's an oligopoly, China isn't getting any of the IP anytime soon. They'll produce shit memory products, but the margin is in high end and building those foundries takes years and some of the world's most secure IP to build.
Sweeps:
12/6 9:51 MU Feb 50 call block 180k
12/6 10:18 MU Jan 32 call block 789k.
12/8 10:28 MU 12/8 40 call blocks hit twice for
73K a piece12/8 11:09 MU Feb 35 call block 1.1M
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