Micron Technology – A Brief Analysis

By Susan Ramirez • Tuesday, December 03 10:12 • Permanent Link

With gains of 3.4%, Micron Technology was one of the winners on Wall Street today. Its shares are now trading at $101.91 and have logged a -0.0% daily outperformance of the S&P 500. Don't join the feeding frenzy before checking some basic facts about this stock:

Micron Technology has moved 33.7% over the last year, and the S&P 500 logged a change of 32.4%
MU has an average analyst rating of buy and is -30.16% away from its mean target price of $145.92 per share
Its trailing earnings per share (EPS) is $0.7
Micron Technology has a trailing 12 month Price to Earnings (P/E) ratio of 145.6 while the S&P 500 average is 29.3
Its forward earnings per share (EPS) is $12.87 and its forward P/E ratio is 7.9
The company has a Price to Book (P/B) ratio of 2.5 in contrast to the S&P 500's average ratio of 4.74
Micron Technology is part of the Technology sector, which has an average P/E ratio of 30.01 and an average P/B of 3.91
The company has a free cash flow of $363.5 Million, which refers to the total sum of all its inflows and outflows of cash over the last quarter
Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products in the United States, Taiwan, Mainland China, rest of the Asia Pacific, Hong Kong, Japan, Europe, and internationally. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides memory and storage technologies comprising dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; non-volatile and re-writeable semiconductor storage devices; and non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels. The company offers serves the data center, PC, graphics, networking, automotive, industrial, and consumer embedded markets, as well as for smartphone and other mobile-device markets. It markets its products through its direct sales force, independent sales representatives, distributors, and retailers; and web-based customer direct sales channel, as well as through channel and distribution partners. Micron Technology, Inc. was founded in 1978 and is headquartered in Boise, Idaho.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.