Micron Stock Is the Cheapest Right Now: Here's Why
FROM THE WIRE · FINANCE.YAHOO.COM
This article first appeared on GuruFocus. Micron Technology (MU) ranked first among the five semiconductor-related stocks with the lowest forward price-to-earnings ratios, trading at just 3.78 times expected earnings. Penguin Solutions (NASDAQ:PENG) followed with a forward P/E…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishSemiconductor shares face selling pressure, and low forward multiples reflect the sector's reassessment of earnings expectations.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Micron has a forward P/E of 3.78 times, the lowest among five semiconductor stocks cited.
- 02Micron fell more than 17% on Thursday, according to the article.
- 03Penguin Solutions has a forward P/E of 8.16 and First Solar 11.14.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Micron Technology, Inc.691.88 USD+0.27%today +5.41%Negative Penguin Solutions, Inc.42.20 USD+0.33%today +13.38%Neutral First Solar, Inc.201.28 USD-0.23%today +2.82%Neutral Amkor Technology, Inc.32.80 USD+0.21%today +7.58%Neutral Cirrus Logic, Inc.113.72 USD-0.09%today +3.17%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets