Uncovering Overlooked Insights on Micron Technology (MU)

By Scott Lee • Friday, October 17 10:14 • Permanent Link

More and more people are talking about Micron Technology over the last few weeks. Is it worth buying the Semiconductors stock at a price of $201.6? Only time will tell. The information below will give you a basic idea of what this investment may entail:

Micron Technology has moved 82.2% over the last year, and the S&P 500 logged a change of 13.0%
MU has an average analyst rating of buy and is -0.31% away from its mean target price of $202.22 per share
Its trailing earnings per share (EPS) is $7.59
Micron Technology has a trailing 12 month Price to Earnings (P/E) ratio of 26.6 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 15.7
The company has a Price to Book (P/B) ratio of 4.18 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 30.44 and an average P/B of 4.19
MU has reported YOY quarterly earnings growth of 256.9% and gross profit margins of 0.4%
The company has a free cash flow of $-891500032, 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, Singapore, Japan, Malaysia, China, India, and internationally. It operates through the Cloud Memory Business Unit (CMBU); Core Data Center Business Unit (CDCBU); Mobile and Client Business Unit (MCBU); and Automotive and Embedded Business Unit (AEBU) segments. The company provides memory products, including dynamic random access memory components and modules, CXL-based memory, LPDDR components and modules, graphics memory, high-bandwidth memory, and data center memory products; multichip packages (MCP) comprising embedded multimedia cards-based, universal flash storage-based, and NAND-based MCPs; and technology leadership products that include 1y DRAM and G9 NAND technologies. It also offers storage products, such as data center solid state drive (SSD), client SSD storage, and auto and industrial SSD storage; managed NAND; NAND flash; NOR flash; and memory cards. In addition, the company provides design tools, including FBGA and part decoder; DRAM power calculators; NAND power calculators; simulation models; chipset compatibility guides; serial presence-detection tools; cross-reference tools; UFSparm; SSD firmware; software and drivers; storage executive software; and obsolete part catalogs. It markets its semiconductor memory and storage products under the Micron and Crucial brands. The company serves the data center, PC, graphics, networking, automotive, industrial, and consumer embedded markets, as well as for smartphone and other mobile-device markets. It sells its products through its direct sales force, independent sales representatives, distributors, and retailers; web-based customer direct sales channel; and 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.