Micron Technology (MU) Buy, Sell or Hold

Micron Technology (MU)

1,151.01

+17.02 (1.50%)

as of Jun 18, 2026, 11:59:58 pm Market Open.

151 watching

BUY

Still in an uptrend. At an attractive long-term entry point. This space will likely underperform. Likes reward/risk at these levels, with an almost 50% retracement. Well run. You want some exposure to this space.

COMMENT

Downgraded today Yes, it's a challenging environment, but the semis were the first to feel the valuation contraction/recession. Some names have bottomed like Texas Instrument. So, you can still find opportunities in the semis.

PAST TOP PICK

(A Top Pick Mar 30/22, Down 35%) Device growth has been weak, and chip makers have not done well. Good company to be with when there's a rebound. But now's not the time.

DON'T BUY

They report Wednesday. He expects another leg down for semis, meaning the glut in semis will continue. A lot of semis stocks will slide on Thursday.

PAST TOP PICK

(A Top Pick Nov 25/21, Down 30%) King of DRAM and NAND. Lots of noise about capital investment. Barometer of tech business, especially the semi side. Today announced another production slowdown, so they still see headwinds. Lots of these names are trades. Buy in thirds at $62.50, 59, and 55. (Analysts’ price target is $68.00)

DON'T BUY

Today, they said that demand has weakened and they will miss their quarter. True, October was bad, but the problem is, they have said this twice before and are taking bold and aggressive steps to reduce the supply of their chips, like reducing capex towards expanding capacity. Micron shows there's been no increase in basic electronics, namely computers.

WATCH

It's down 50% from highs. The PE is low vs. book value historically, but the semis are cursed now, are among the most-beaten stocks. Eventually, they will turn around and sharply--but it's too soon. The semis are more linked to China than we expected, and Biden wants to keep American chips out of the hands of China's military. More chips are being made to address shortages, but this will take a few quarters. Don't buy, but watch Micron.

DON'T BUY

Yesterday's quarterly report was just okay, but their outlook was hugely disappointing. The CEO said it would take next year to see a real turn. This stock has always been boom and bust. Historically, they make too many computer chips, which leads to slashing prices and crushing earnings. It usually takes two quarters to clear out the inventory and before you can buy the stock.

DON'T BUY

BUY ON WEAKNESS

It won't hold $50. Buy around $47-48.

PAST TOP PICK

(A Top Pick Mar 30/22, Down 21%) Has since sold stock. Doesn't believe in strength of business anymore. Supply chain issues and over supply of chips a problem. Short time, has problems to navigate within sector.

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK

Stockchase Research Editor: Michael O'Reilly This manufacturer of memory and storage chips is well poised for the the continued expansion of 5G infrastructure and all things internet based. The company stands to benefit substantially from the expansion of AI processing in everything from data warehousing to smart cars. It trades at only 7x earnings and just 1.3x book value. The company continues to build cash reserves while retiring debt. Recently reported earnings beat market expectations and support a 21% ROE. We recommend a stop loss at $45.00, looking to achieve $87.50 - upside potential over 52%. Yield 0.7% (Analysts’ price target is $87.42)

DON'T BUY

Consumer spending and the manufacturing index are both coming down. Semis' slump points to the economy slowing down.

DON'T BUY

They report Thursday. He fears the worst. They could bring the entire semi sector, hurt badly by lockdowns in China. He fears shares will fall.

BUY

options Still owns it and happy to despite it hitting a 52-week low. DRAM pricing is strong, though, and the cloud computing space is promising to them. They're stepping up to the plate. Super balance sheet and free cash flow. Many reasons to like it, even as markets fall lower.

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Micron Technology (MU)