![\"\"](\"\/\/www.iser-br.com\/Themes\/Release\/images\/responsive\/ettelecom-default.jpg\")
Micron Technology<\/a>'s stock received a rare \"underweight\" rating from a brokerage due to the memory-chip maker's heavy exposure to mobiles and PCs at a time when rising inflation<\/a> forces consumers to rein in spending.
Micron shares<\/a> were down about 6% at $71.18 in early trading on Friday.
\"With the global economy expected to face headwinds, we are concerned about Micron<\/a>'s more than 50% exposure to consumer-like markets such as PCs, mobile, and other,\" Piper Sandler wrote in a note to clients.
The brokerage also expects the company's chip business that caters to the auto industry to suffer due to rising rates, a slowing economy, and the possibility of an excess inventory build.
Piper Sandler added that the Dynamic Random Access Memory (DRAM<\/a>) market, which represents over 70% of the company's total revenue, had already started to see price declines for most configurations.
Micron's DRAM chips are widely used in data centres, personal computers and other devices<\/a>.
Market research firm Counterpoint reported in April that global PC shipments were down 4.3% in the first quarter of 2022, as the war in Ukraine and China's lockdowns pressured already fragile supply chains and added to shortages of components.
Global smartphone shipments<\/a> are expected to decline 3.5% this year, according to IDC.
\"While we do feel the company has done an outstanding job to reduce its cost structure and remain financially disciplined, we continue to view memory as largely a commodity market compared to the rest of our universe. As a result, we do feel Micron is likely to underperform,\" Piper Sandler said.
The brokerage, however, expressed confidence in the company's data centre business, which represents less than 30% of revenue.
It cut Micron's price target by $20 to $70.
<\/body>","next_sibling":[{"msid":91996205,"title":"Strong dollar is latest headache for pricey software stocks","entity_type":"ARTICLE","link":"\/news\/strong-dollar-is-latest-headache-for-pricey-software-stocks\/91996205","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":91996238,"entity_type":"ARTICLE","title":"Micron gets rare 'underweight' rating as PC demand slows","synopsis":"Micron shares were down about 6% at $71.18 in early trading on Friday.","titleseo":"telecomnews\/micron-gets-rare-underweight-rating-as-pc-demand-slows","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":102,"shares":0,"engagementtimems":421000},"Alttitle":{"minfo":""},"artag":"Reuters","artdate":"2022-06-04 07:55:00","lastupd":"2022-06-04 07:58:50","breadcrumbTags":["micron","devices","micron technology","memory chip maker","inflation","micron shares","micron chip business","dram","global smartphone shipments","micron dram chips"],"secinfo":{"seolocation":"telecomnews\/micron-gets-rare-underweight-rating-as-pc-demand-slows"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2022-06-04" data-index="article_1">
读到
美光科技股票收到了罕见的“减持”评级从券商由于存储芯片制造商的重型接触手机和个人电脑在上升通货膨胀迫使消费者控制支出。
微米的股票在早盘交易中下跌了约6%,报71.18美元。
“随着全球经济将面临阻力,我们很担心微米超过50%的旅行社市场,如电脑,手机,和其他,”Piper桑德勒在给客户的报告中写道。
经纪公司还预计公司的芯片业务,迎合汽车行业遭受由于利率上升,经济增长放缓,库存过剩的可能性。
Piper桑德勒补充道,动态随机存取记忆体(动态随机存取记忆体)市场,代表公司的总收入的70%以上,已经开始看到价格下跌对大多数配置。
微米的DRAM芯片广泛应用于数据中心,个人电脑和其他设备。
市场研究公司对应4月报道,全球个人电脑发货量在2022年第一季度下降了4.3%,随着战争在乌克兰和中国封锁压力已经脆弱的供应链和添加到组件的短缺。
全球智能手机出货量今年预计将下降3.5%,根据IDC。
“虽然我们觉得该公司已经做了杰出的工作,减少其成本结构和保持财务自律,我们继续认为记忆主要商品市场相比,我们的宇宙的其余部分。因此,我们觉得微米可能表现不佳,”Piper桑德勒说。
然而,经纪公司表示有信心在公司的数据中心业务,代表的收入不到30%。
它将微米的目标价20美元,至70美元。
评论
现在评论 阅读评论(1)所有评论
找到这个评论进攻?
下面选择你的理由并单击submit按钮。这将提醒我们的版主采取行动