마이크론 목표가 120달러, 현재가 71.92달러(2022.05.14)

2022.05.13

Micron analyst day highlights margin strength, revenue growth, Citi says (NASDAQ:MU) | Seeking Alpha

 

Micron Technology (NASDAQ:MU) held its analyst day on Thursday and the company said it expects to hit "high single-digit revenue growth" and 30% operating margin targets,

with investment firm Citi noting that should help boost earnings significantly.

 

지난 5월12일 마이크론은 애널리스트 데이를 개최.

마이크론은 올해 한자리수 후반%의 매출 증가와 30%대의 영업이익률을 예상했다.

씨티는 상당한 수익 증가가 있을 것으로 예상.

 

Analyst Christopher Danely, who reiterated a buy rating and a per-share price target of $120 on Micron (MU),

noted that in a "normalized" cycle, a 30% operating margin and high single-digit revenue growth would equate

to $7.75 per share in earnings.

씨티의 애널리스트는 마이크론에 대해 매수와 목표가 120달러를 제언급했다.

주당 순이이은 7.75달러가 될것으로 예상.

 

"While Micron committed to the 30% normalized operating margin, it wouldn’t state if it could get back to previous peak margins of roughly 60% gross and 50% operating, although we believe a strong DRAM upturn would make it likely," Danely wrote in a note to clients.

마이크론의 정상적인 영업익률은 30%정오인데, 만약에 지난번 초호황(2018년)때의 

매출총이익률 60%와 영업이익률 50%를 달성할 수있을지는 언급하지 않았다.

 

Micron (MU) shares rose more than 2% to $69.24 in premarket trading on Friday.

In addition, Micron (MU) said it expects the dynamic random access memory market, or DRAM, demand to grow at a compound annual growth rate in the mid to high-teens, which is below the historical rate of 25%.

In conjunction, Micron (MU) expects DRAM capacity to grow "in line with those expectations."

 

또 마이크론은 연간 디램 수요 성장률은 10%대 중후반으로 역사적 성장률 25%아래일 것으로 예상했다. 

마이크론은 시장 수요만큼  디램 공급량이 증가할 것으로 예상했다.

 

In a separate note, Citi analyst Peter Lee noted that demand for memory has "turned bearish" citing the continued Covid-related lockdowns in China, geopolitical issues, namely Russia's invasion of Ukraine and rising interest rates.

 

다른 보고서에서 씨티의 다른 애널리스트는 메모리 수요가 약해지기 시작했다고 발표했다.

 

"However, we expect mobile demand to recover in [second-half] based on our industry checks that Apple (AAPL) has started to negotiate the volume and price of mobile DRAM with memory makers, and China smartphone makers have also started to order rigid OLED panels from Korean display makers," Lee wrote, noting that there could be additional improvements based on what happens between Russia and Ukraine and the Chinese lockdowns.

 

하지만 하반기에는 모바일 수요가 회복될 것으로 예상했다.

 

Last month, J.P. Morgan maintained its positive stance on Micron (MU), as the investment firm believes the global DRAM market is set to rise 8% this year.

 

지난달 J.P. Morgan은 마이크론에 대해 긍정적인 시각을 유지했다.