semiconductor stock line graph
Paul Meeks

Paul Meeks

Paul Meeks Explains This Semiconductor’s Performance In Barron’s Magazine

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Eric Savitz of Barron’s, who I think is the best technology journalist, interviewed me for an article that he published on Micron Technology semiconductor stock (MU, $61.48) that was in the magazine last weekend. After a few years of explosive technology stock outperformance, it has been tough to find names the shares of which still have a big upside. I think that MU is one of these stocks. At the peak of the next semiconductor cycle, MU should earn at least $12 non-GAAP EPS. Also, I think that the stock will trade at a higher peak multiple this time given that MU is no longer a company that loses money or burns much cash at the cycle’s trough. 

Today, the stock trades at ten times next fiscal year’s $6.11 non-GAAP EPS estimate & that’s even after the shares have doubled off their COVID bottom. If you want to read the full Barron’s article, click here.

Check out more of Paul’s media appearances such as Paul Meeks on Bloomberg Discusses The Election’s Impact on Tech Stocks and Veteran Tech Investor Paul Meeks Looks At Big Tech Earnings Reports for 2020

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