Micron Technology , Inc. (NASDAQ: MU) is trending amid concerns after China barred the company from selling some of its products in mainland China. However, some analysts believe the concerns are overdone. The affected products include Crucial and Ballistix-branded DRAM modules as well as solid state drives. These products account for just 1% of the company’s total revenue on annualized basis.
Last month, Micron Technology posted its quarterly results, beating EPS and revenue estimates. The company also reported record profit margins. For the fourth quarter, Micron Technology still expects $8 billion to $8.4 billion revenue. The company also has an assembly and test manufacturing facility in Xi'an, China.
For this year Micron Technology 's revenue will be around 30,2 billion USD. This is according to the average of the analysts' estimates. This is rather significant more than 2017's revenue of 20,32 billion USD.
The analysts expect for 2018 a net profit of 14,42 billion USD. For this year most of the analysts expect a profit per share of 11,77 USD. Based on this the price/earnings-ratio is 4,84.
For this year analysts don't expect the company to pay a dividend. The average dividend yield of the semiconductor companies is a poor 0,5 percent.
At 16.52 the stock trades 1,52 percent higher at 56,96 USD.
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