Mid Day Daily

Thursday, January 28, 2021
Log in
  • Home
  • National & International
  • Business & Financials
  • Technology
  • Health
  • Science
  • About Us
    • Our Staff
    • Contact Us
    • Privacy Policy GDPR
    • Terms of Use
  • Latest News
    • Sloths Were Declared the Slowest Animals on Earth
    • Facebook’s Messenger Will Give You the 411 on Non-Friends
    • Fun Facts About the Coconut Crab
    • The Coyote Hunting in Wisconsin might be Banned
    • Autism Was Genetically Introduced In Monkeys
    • Tully Monster Has Many More Mysteries Left To Offer
    • Mom Claims Daughter Was Forced To Get Naked To Pass Exam In School
    • What Happens When Two Planets Collide?
    • FDA Approves the BrainPort Vision Device That Gives Hope To The Blind
    • Two Cretaceous Plankton-Eating Fish Species Were Discovered
    • Columbia University Researchers Store Computer Information on DNA Strand

Pages

  • About Midday Daily
  • Contact Us
  • Our Staff
  • Privacy Policy GDPR
  • Terms of Use

Recent Posts

  • Indiana Jones 5 Won’t Open in 2020 After All June 29, 2018
  • ‘Oumuamua is Actually a Comet, Not an Asteroid (Study) June 28, 2018
  • Best Evidence of Alien Life on Saturn’s Moon Enceladus, Found (Study) June 28, 2018
  • Jeremy Irons to Star in HBO’s Watchmen Reboot June 27, 2018
  • The Fermi Paradox: We Might Be Alone in the Universe (Study) June 26, 2018
  • The Strawberry Moon and Who It Will Affect June 26, 2018
  • Tom Holland Reveals Spider-Man: Homecoming Sequel Title June 25, 2018
You are here: Home / Business & Financials / Micron Technology Inc. Shares Continue To Plummet

Micron Technology Inc. Shares Continue To Plummet

December 23, 2015 By Amilia Allport Leave a Comment

Email, RSS Follow
"computer chip"

It is rather surprising that chips are suffering from a decline, considering that they are the building blocks of life when talking about computers and smartphones.

The Dynamic Random Access Memory chips producer is going through a perfect storm scenario at the moment, as Micron Technology Inc. shares continue to plummet, making investors and traders fear that the company may be reaching a bottom by the first quarter of 2016.

Micron Technology has been in the business of manufacturing and distributing semiconductors since 1978. The semiconductors in question are DRAM and flash memory devices, as well as solid-state drives. Its products are commercialized under the brands Lexar and Crucial Technology. It has been ranking in 4th place in the top semiconductor sale leaders of the world, behind companies like Qualcomm, Samsung and Intel. The latter has been under a partnership with Micron in order to create NAND flash memory producers through the use of IM Flash Technologies.

Unfortunately, because of the lower than average chip prices, as well as a weak demand in chips used in PCs or other similar devices, Micro Tech. has been suffering from a steady decline since the start of 2015. Its shares have dropped by 5.9% in the last month, reaching $13.78 per share. This decline has been underrated by investors’ estimates which claimed that shares would rise by $0.22, with the total revenue reaching $3.46 billion in profits by the end of the first quarter in March 2016.

Estimates from the company were lower than those from investors, with share loss ranging from $0.05 to $0.12, while the total revenue was located between $2.9 billion and $3.2 billion. This surprised investors greatly, urging them to maintain a hold position in the stock market.

One of the reasons for this current predicament is the company’s present focus on developing 20 nm DRAM chips, as well as 3D NAND chips that are more cost efficient than its predecessors. This move comes with an added detriment towards current product production, making their market value drop considerably, aided by strong pricing headwinds.

Another reason stems from the recent purchase of Inotera Memories Inc. a Taiwanese chip manufacturer. This deal set back the Micron company an estimated $3.2 billion. This deal was criticized by stock market aficionados which claimed that the time chosen for this deal couldn’t have been worse. Currently, the entire PC DRAM segment of the market is suffering from a decline in pricing, not just Micron in particular.

When compared to last year, Micron Tech.’s net income suffered a massive blow, with a drop from $1 billion, or $0.84 per share, to $206 million, or $0.19 per share. This is extremely unfortunate, especially if you would take into account that the PC market shows no signs in stopping its decline in shipping. The impact of the Windows 10 launch was barely felt on this side of the market, with most users opting to simply upgrade their OS on their existing computers instead of buying a new PC.

Because Micron Technology Inc shares continue to plummet, a couple of large investors in said company have modified their share holdings considerably. The largest modification came from Saturna Capital which raised its share stake by 145.5% through the purchase of an additional 44.789 shares, bringing the total number to 75.897 shares, valued at $1.13 million. Only time will tell if Micron will manage to quell its current decline or not.

Image source:www.pixabay.com

Email, RSS Follow

Filed Under: Business & Financials

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 10 other subscribers

Recent Articles

USPS van

Chinese Drug Dealers Shipping Drugs to U.S. via Postal Service

January 28, 2018 By Dean Lamori

Marlboro cigarette packs

Philip Morris Wants to Help You Quit Smoking

January 6, 2018 By Dean Lamori

Drugs and money

Drug Company Sued for Bribing Doctors to Prescribe Potent Opioid

December 24, 2017 By Dean Lamori

Smartphone user sitting on sidewalk

Calif. Health Dept: Excess Smartphone Use Can Cause Brain Cancer

December 17, 2017 By Dean Lamori

jared kushner

Kushner Plans to Revamp 666 Fifth Avenue Skyscraper, Partner Isn’t Supportive

November 2, 2017 By Tom Hager

elon musk

Elon Musk Shares Progress He Made with Boring Company on Twitter

October 30, 2017 By John Cooper

starbucks mugs

Starbucks Takes Halloween Seriously with New Zombie Frappuccino

October 28, 2017 By Kurt Cottrell

ecigarette

New York to Treat eCigarettes Same Way as Regular Cigarettes in Public Indoor Areas

October 26, 2017 By Tom Hager

amazon box

Amazon Warehouse Delivered Couple’s Requested Storage Containers with 65 Pounds of Weed

October 25, 2017 By Kurt Cottrell

ibm offices

IBM’s Q3 Report Encourages Greater Sales Expectations for the First Time in Years

October 19, 2017 By Kurt Cottrell

dubai police supercars

Dubai Police to Patrol the City from Above Thanks to Multirotor Hoverbikes

October 16, 2017 By John Cooper

marketing stunt for rick and morty

Woman Received Volkswagen Car for One Legendary Szechuan Sauce Pack from McDonald’s

October 14, 2017 By Amanda Lane

honeywell center

Honeywell to Turn Two Units into Publicly Traded Companies by 2019

October 12, 2017 By Tom Hager

self-driving car

New AI Project Will Help Autonomous Cars See What’s Around Corners

October 11, 2017 By Sam Doliente

Related Articles

  • USPS van

    Chinese Drug Dealers Shipping Drugs to U.S. via Postal Service

    Jan 28, 2018
  • Marlboro cigarette packs

    Philip Morris Wants to Help You Quit Smoking

    Jan 6, 2018
  • Drugs and money

    Drug Company Sued for Bribing Doctors to Prescribe Potent Opioid

    Dec 24, 2017
  • Smartphone user sitting on sidewalk

    Calif. Health Dept: Excess Smartphone Use Can Cause Brain Cancer

    Dec 17, 2017
  • jared kushner

    Kushner Plans to Revamp 666 Fifth Avenue Skyscraper, Partner Isn’t Supportive

    Nov 2, 2017
  • elon musk

    Elon Musk Shares Progress He Made with Boring Company on Twitter

    Oct 30, 2017
  • starbucks mugs

    Starbucks Takes Halloween Seriously with New Zombie Frappuccino

    Oct 28, 2017
  • ecigarette

    New York to Treat eCigarettes Same Way as Regular Cigarettes in Public Indoor Areas

    Oct 26, 2017
  • amazon box

    Amazon Warehouse Delivered Couple’s Requested Storage Containers with 65 Pounds of Weed

    Oct 25, 2017
  • ibm offices

    IBM’s Q3 Report Encourages Greater Sales Expectations for the First Time in Years

    Oct 19, 2017

Categories

  • Business & Financials
  • Entertainment
  • Health
  • National & International
  • Nature
  • Science
  • Technology
  • U.S.
  • World

Copyright © 2021 MidDayDaily.com

About · Privacy Policy · Terms of Use · Contact

This website uses cookies to ensure you get the best experience on our website. Learn more.