After moving -4.2% during today's evening session, Micron Technology is now trading at a price of $78.69 per share. On average, analysts give it a target price of $85.73.
Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products worldwide.
Potential Micron Technology Investors Should Analyze the Following:
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Micron Technology has moved 60.5% over the last year.
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The company has a price to earnings growth (PEG) ratio of 28.0. A number between 0 and 1 could mean that the market is undervaluing Micron Technology's estimated growth potential
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Its Price to Book (P/B) ratio is 1.96
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Micron Technology currently returns an annual dividend yield of 0.6%.
Understanding Micron Technology's Operating Margins
| Date Reported | Total Revenue ($ k) | Operating Expenses ($ k) | Operating Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2023 | 15,540,000 | 920,000 | -36 | -212.5 |
| 2022 | 30,758,000 | 1,066,000 | 32 | 39.13 |
| 2021 | 27,705,000 | 894,000 | 23 | 64.29 |
| 2020 | 21,435,000 | 881,000 | 14 | -56.25 |
| 2019 | 23,406,000 | 836,000 | 32 | -34.69 |
| 2018 | 30,391,000 | 813,000 | 49 |
Over the last 6 years, Micron Technology's operating margins have averaged only 19.0%, with a high coefficient of variability of 571.64%. The firm's margins are declining at a -18.2% compounded yearly rate.
