Acknowledging that he’s long Micron, as well as a basket of semiconductor names that also includes Nvidia (NVDA ) - ទទួលបានរបាយការណ៍សាជីវកម្ម NVIDIA , Advanced Micro Devices AMD, and Marvell Technology (MRVL ) - ទទួលបានរបាយការណ៍ Marvell Technology, Inc , Guilfoyle is bullish on the stock.
“MU stock trades at eight-times forward-looking earnings, and I believe that demand for what Micron does will outpace supply and/or capacity for some time,” he noted. “That said, Micron seems to always trade at single-digit multiples so it is not necessarily “cheap” here, but the stock is certainly not (opinion) expensive.”
“While the Full Stochastics Oscillator hints at the stock being short-term overbought, both Relative Strength and the daily Moving Average Convergence Divergence (MACD) say it could still have a long way to go,” he added.
Overall, Guilfoyle pegs an MU price target of $115; a pivot-price of $96, an “add” at $80; and a “panic price” of $78.
TheStreet’s Kamich last reviewed NXP (អិនអេភីភី ) - ទទួលបានរបាយការណ៍ NXP Semiconductors NV in November, 2021 just ahead of earnings.
At the time, Kamich wrote “I have no special knowledge about what NXPI is going to report, but the charts are positive and NXPI looks ready to break out of its long sideways consolidation pattern. Traders could go long here risking $185. The $246 area is our price target for now.”
Traders caught a rally short of our $246 target before NXPI started to decline in early January, but now it’s time to probe the charts once again.
Recent NXPI daily bar charts show that prices declined from January to an early March low,” Kamich said. “Prices have firmed to test the declining 50-day moving average line. The 200-day moving average line is in a slight decline and intersects around $208.”
Meanwhile, Kamich sees some lower shadows below $180, which reflects traders rejecting recent lows. Additionally, the 40-week moving average line has a negative (bearish) slope.
“Traders could probe the long side of NXPI on a dip back to the $190 area risking to $180,” Kamich said. “The $221 area is our first potential price target, although a rise to $233 could be in play.”