Micron Technology Inc (MU:NASDAQ) began as a four-person semiconductor design company in the basement of a Boise, Idaho, dental office. By 1980 Micron Technology had broken ground on their  first fabrication plant. and then just a few years later they  introduced the world’s smallest 256K DRAM. In 1994, they  earned a spot on the Fortune 500. Micron becomes one of the largest memory producers in the world with the purchase of Texas Instruments’ worldwide memory operations. Source: Micron

Micron Technology Inc (MU) beats third-quarter sales estimates . Shares traded  increased by almost 6% on  Monday’s after-market trading, June 29-2020. Micron earned 82 cents per share on a diluted basis, above the 77 cents per share estimate reported by analysts. The company beating analysts’ estimates of $5.31 billion.

RATIOS/PROFITABILITY(TTM) EPS2.00         Revenue19.6B     Gross Margin 30.33%

“Based on 25 analysts offering 12-month price targets for Micron in the last 3 months. The average price target is $66.05 with a high forecast of $100.00 and a low forecast of $35.00. The average price target represents a 28.82% increase from the last price of $51.28.” Source: Tip Ranks

Micron CEO Sanjay Mehrotra  :Mr. Mehrotra joined Micron in May 2017, after a long and distinguished career at SanDisk Corporation where he led the company from start-up in 1988 until its eventual sale in 2016. In addition to being a SanDisk co-founder, Mr. Mehrotra served as its president and CEO from 2011 to 2016, overseeing its growth to an industry-leading Fortune 500 company.

Broadcom Inc. (AVGO) Nasdaq is another winner. Jun 2020 Credit Suisse Reinstates Outperform buy rating on the stock.

Top7  Institutional Holders

Holder   Shares   Date Reported   % Out       Value

Capital World Investors 38,343,106                     Mar 30, 2020           9.53%       9,091,150,432

Capital International Investors     34,403,752                     Mar 30, 2020           8.55%       8,157,129,599

Vanguard Group, Inc. (The)                   33,314,995                     Mar 30, 2020           8.28%       7,898,985,314

Capital Research Global Investors                         29,499,900                     Mar 30, 2020           7.33%       6,994,426,290

Blackrock Inc.         25,415,446                     Mar 30, 2020           6.32%       6,026,002,246

State Street Corporation                             16,237,418                     Mar 30, 2020           4.04%       3,849,891,807

Bank of America Corporation           8,013,851                         Mar 30, 2020           1.99%       1,900,084,072

CWEB Analysts see the stock as a potential  for long term growth and a great addition to one’s portfolio and upward of $69 by 20121