Micron (MU, $77.64) initiates 10 cents dividend payout
Micron Technology Inc. will pay a dividend of 10 cents a share, beginning October.
The semiconductor company’s first dividend payout is scheduled for Oct. 18 for shareholders of record as of the close of business on Oct. 1.
“Micron’s remarkable transformation over the last several years has put the company in an outstanding position, with technology leadership, a robust product portfolio, enhanced profitability, and a strong, investment grade balance sheet,” Chief Executive Sanjay Mehrotra said in a statement. According to Mehrotra, a common stock dividend indicates confidence in Micron's future and a “commitment to creating compelling value for shareholders.”
The company’s most recent quarterly report reveals that it has bought back $4 billion in stock and retired 90 million shares at an average price of $42 per share in a program that began in May 2018.
MU sees its Stochastic Oscillator recovers from oversold territory
On May 13, 2022, the Stochastic Indicator for MU moved out of oversold territory and this could be a bullish sign for the stock. Traders may want to buy the stock or buy call options. Tickeron's A.I.dvisor looked at 52 instances where the indicator left the oversold zone. In 43 of the 52 cases the stock moved higher in the following days. This puts the odds of a move higher at over 83%.
Current price $70.47 crossed the resistance line at $71.53 and is trading between $71.53 resistance and $67.59 support lines. Throughout the month of 04/13/22 - 05/16/22, the price experienced a -3% Downtrend, while the week of 05/09/22 - 05/16/22 shows a +4% Uptrend.
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where MU's RSI Indicator exited the oversold zone, 17 of 24 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 71%.
The Moving Average Convergence Divergence (MACD) for MU just turned positive on May 02, 2022. Looking at past instances where MU's MACD turned positive, the stock continued to rise in 30 of 49 cases over the following month. The odds of a continued upward trend are 61%.
Following a +7.41% 3-day Advance, the price is estimated to grow further. Considering data from situations where MU advanced for three days, in 251 of 335 cases, the price rose further within the following month. The odds of a continued upward trend are 75%.
MU may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Momentum Indicator moved below the 0 level on May 16, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on MU as a result. In 64 of 96 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 67%.
The 50-day Moving Average for MU moved below the 200-day moving average on April 28, 2022. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where MU declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 70%.
The Aroon Indicator for MU entered a downward trend on May 06, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 78%. During the last month, the daily ratio of advancing to declining volumes was 1.16 to 1.
The Tickeron Profit vs. Risk Rating rating for this company is 16 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 64, placing this stock better than average.
The Tickeron Valuation Rating of 31 (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.679) is normal, around the industry mean (6.377). P/E Ratio (9.050) is within average values for comparable stocks, (47.551). Projected Growth (PEG Ratio) (0.722) is also within normal values, averaging (1.567). Dividend Yield (0.004) settles around the average of (0.020) among similar stocks. P/S Ratio (2.623) is also within normal values, averaging (28.284).
The Tickeron Seasonality Score of 47 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Price Growth Rating for this company is 58 (best 1 - 100 worst), indicating steady price growth. MU’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 60 (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is 90 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The semiconductor industry manufacturers all chip-related products, including research and development. These chips are used in innumerable electronic devices, including computers, cell phones, smartphones, and GPSs. Intel Corporation, NVIDIA Corp., and Broadcomm are some of the prominent players in this industry. Semiconductor companies usually tend to do well during periods of healthy economic growth, thereby inducing further research and development in the industry – which in turn augurs well for productivity and growth in the economy. In the near future, demand for semiconductor products (and possibly innovation within the segment) should only expand further, with the proliferation of 5G, autonomous vehicles, IoT, and various AI-driven electronics set to herald a new, advanced chapter in the technology-driven world as we know it. With burgeoning prospects comes great competition. In 2015, SIA estimated that U.S. semiconductor industry ranks as the second most competitive U.S. industry out of 2882 U.S. industries designated manufacturers by the U.S. Census Bureau.
The average market capitalization across the Semiconductors Industry is 21.2B. The market cap for tickers in the group ranges from 13.4K to 515.7B. NVDA holds the highest valuation in this group at 515.7B. The lowest valued company is CYBL at 13.4K.
The average weekly price growth across all stocks in the Semiconductors Industry was 1.2%. For the same Industry, the average monthly price growth was -6.33%, and the average quarterly price growth was -26.26%. BCHPY experienced the highest price growth at 15.33%, while WSKEF experienced the biggest fall at -63.1%.
- 5/4/22 8:26 AM: Micron Technology (MU, $71.26) was a top weekly gainer, with a +6.23% jump
- 3/18/22 7:14 AM: Micron Technology (MU, $80.52) was a top weekly gainer, with a +6.34% jump
- 3/5/22 8:15 AM: Micron Technology (MU, $81.91) was a top loser this week, declining -9.09%
The average weekly volume growth across all stocks in the Semiconductors Industry was 3.39%. For the same stocks of the Industry, the average monthly volume growth was 32.54% and the average quarterly volume growth was 17.62%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Negative Outlook today, backed by the MA200MA50 Indicator. Tickeron has a negative outlook on this group and predicts a further decline by more than 4.00% within the next month with a likelihood of 47%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.09.
81 stocks in the group of tickers confirmed the negative outlook based on the Declines indicator with average odds of 72%.
The most notable companies in this group are NVIDIA Corp (NASDAQ:NVDA), Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM), Broadcom (NASDAQ:AVGO), Intel Corp (NASDAQ:INTC), Texas Instruments (NASDAQ:TXN), Advanced Micro Devices (NASDAQ:AMD), Analog Devices (NASDAQ:ADI), Micron Technology (NASDAQ:MU), KLA Corp (NASDAQ:KLAC), Marvell Technology (NASDAQ:MRVL).
The average market capitalization across the group is 24.3B. The market cap for tickers in the group ranges from 0 to 515.7B. NVDA holds the highest valuation in this group at 515.7B. The lowest valued company is SNTE at 0.
- 5/10/22 5:36 AM: NVIDIA (NVDA, $169.5), market cap jumped by $26.1B
- 5/6/22 5:04 AM: NVIDIA (NVDA, $188.44) saw a $53.5B market cap increase this week
- 5/6/22 5:04 AM: Taiwan Semiconductor Manufacturing (TSM, $92.15), market cap dropped by $20.6B
The average weekly price growth across all stocks in the group was 1.11%. For the same group, the average monthly price growth was -7.24%, and the average quarterly price growth was -30.96%. MMAT experienced the highest price growth at 30.58%, while MSGP experienced the biggest fall at -35%.
- 5/14/22 4:24 AM: Shoals Technologies Group (SHLS, $12.58) was a top loser this week, declining -7.3%
- 5/14/22 4:24 AM: Rambus (RMBS, $24.42) was a top loser this week, declining -5.28%. Expect a Downtrend reversal
- 5/14/22 4:24 AM: Entegris (ENTG, $109.24) was a top loser this week, declining -5.06%. Expect a Downtrend reversal
The average weekly volume growth across all stocks in the group was 36.02%. For the same stocks of the group, the average monthly volume growth was 57.22% and the average quarterly volume growth was 73.62%
- 5/12/22 5:32 AM: The volume for WiSA Technologies stock increased for one day, resulting in a record-breaking daily growth of 311% of the 65-Day Volume Moving Average
- 5/7/22 5:22 AM: The volume for Infineon Technologies AG stock increased for one day, resulting in a record-breaking daily growth of 506% of the 65-Day Volume Moving Average
- 5/7/22 5:22 AM: The volume for Silicon Motion Technology stock increased for one day, resulting in a record-breaking daily growth of 276% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows