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MU

Micron Technology NasdaqGS:MU Stock Report

Last Price

US$69.59

Market Cap

US$77.7b

7D

-1.2%

1Y

-16.1%

Updated

24 May, 2022

Data

Company Financials +
MU fundamental analysis
Snowflake Score
Valuation5/6
Future Growth2/6
Past Performance4/6
Financial Health6/6
Dividends0/6

MU Stock Overview

Micron Technology, Inc. designs, manufactures, and sells memory and storage products worldwide.

Micron Technology Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Micron Technology
Historical stock prices
Current Share PriceUS$69.59
52 Week HighUS$98.45
52 Week LowUS$65.67
Beta1.18
1 Month Change0.26%
3 Month Change-23.16%
1 Year Change-16.06%
3 Year Change104.68%
5 Year Change133.84%
Change since IPO6,859.00%

Recent News & Updates

May 16

Micron: PC And Mobile Headwinds Could Cause More Pain

Micron presented its long-term model at its recent Investor Day. But, there weren't any positive surprises, even though it offered helpful insights into its long-term profitability. We think Micron's near-term profitability could have peaked. In addition, the headwinds in the PC and mobile segment could continue to hinder MU stock momentum. We revise our price target to $80 from $100. As a result, we also revise our rating from Buy to Hold due to a less attractive risk/reward profile.

May 06

What Chip And Cloud Strength Mean For Micron Technology

The semiconductor industry continues to be robust and is a strong tailwind for Micron as memory is usually needed in all electronic gadgets. Strength in the cloud storage business from hyperscaler companies benefits Micron with its advanced data center SSD devices. Micron's long-running collaboration with AMD's expanding hyperscaler business with its EPYC chips is a significant tailwind for Micron.

May 02
Is Now The Time To Look At Buying Micron Technology, Inc. (NASDAQ:MU)?

Is Now The Time To Look At Buying Micron Technology, Inc. (NASDAQ:MU)?

Today we're going to take a look at the well-established Micron Technology, Inc. ( NASDAQ:MU ). The company's stock saw...

Apr 28

Micron Technology: An Absolute Buy At Current Market Levels

Demand from DRAM and NAND remains strong; Micron still expects double-digit demand growth. The auto industry market potential is massive with autonomy on the horizon; Micron holds roughly 50% of the auto market. Micron is trading well below the valuation metrics of comparable industry peers, yet is producing better bottom-line results.

Apr 19

Micron Is Too Cheap To Ignore

We believe Micron's stock is now undervalued. Industry forecasts show that the memory will grow at 16% CAGR by 2024, and as the largest pure-memory company among competitors, Micron will be at the heart of that growth. We expect Micron's stock to outperform the market as we believe it is better positioned today to weather the semiconductor industry downturn. MU is the perfect investment entry point into semiconductors and won’t always be this cheap.

Shareholder Returns

MUUS SemiconductorUS Market
7D-1.2%-1.2%-0.5%
1Y-16.1%-3.7%-12.3%

Return vs Industry: MU underperformed the US Semiconductor industry which returned -3.7% over the past year.

Return vs Market: MU underperformed the US Market which returned -12.3% over the past year.

Price Volatility

Is MU's price volatile compared to industry and market?
MU volatility
MU Average Weekly Movement7.9%
Semiconductor Industry Average Movement8.6%
Market Average Movement7.8%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market2.9%

Stable Share Price: MU is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: MU's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
197844,000Sanjay Mehrotrahttps://www.micron.com

Micron Technology, Inc. designs, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded Business Unit. It provides memory and storage technologies comprises DRAM products, which are dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; NAND products that are non-volatile and re-writeable semiconductor storage devices; and NOR memory products, which are non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels.

Micron Technology Fundamentals Summary

How do Micron Technology's earnings and revenue compare to its market cap?
MU fundamental statistics
Market CapUS$77.71b
Earnings (TTM)US$9.02b
Revenue (TTM)US$31.17b

8.6x

P/E Ratio

2.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MU income statement (TTM)
RevenueUS$31.17b
Cost of RevenueUS$16.84b
Gross ProfitUS$14.33b
Other ExpensesUS$5.30b
EarningsUS$9.02b

Last Reported Earnings

Mar 03, 2022

Next Earnings Date

n/a

Earnings per share (EPS)8.08
Gross Margin45.97%
Net Profit Margin28.95%
Debt/Equity Ratio12.7%

How did MU perform over the long term?

See historical performance and comparison

Dividends

0.6%

Current Dividend Yield

4%

Payout Ratio

Valuation

Is Micron Technology undervalued compared to its fair value and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


4.1%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: MU ($66.62) is trading below our estimate of fair value ($72.33)

Significantly Below Fair Value: MU is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: MU is good value based on its Price-To-Earnings Ratio (8.2x) compared to the US Semiconductor industry average (19.6x).

PE vs Market: MU is good value based on its Price-To-Earnings Ratio (8.2x) compared to the US market (15.1x).


Price to Earnings Growth Ratio

PEG Ratio: MU is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: MU is good value based on its Price-To-Book Ratio (1.6x) compared to the US Semiconductor industry average (3.4x).


Future Growth

How is Micron Technology forecast to perform in the next 1 to 3 years based on estimates from 31 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


10.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MU's forecast earnings growth (10.6% per year) is above the savings rate (1.9%).

Earnings vs Market: MU's earnings (10.6% per year) are forecast to grow slower than the US market (12.3% per year).

High Growth Earnings: MU's earnings are forecast to grow, but not significantly.

Revenue vs Market: MU's revenue (10.3% per year) is forecast to grow faster than the US market (7.8% per year).

High Growth Revenue: MU's revenue (10.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MU's Return on Equity is forecast to be low in 3 years time (18.8%).


Past Performance

How has Micron Technology performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-7.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MU has high quality earnings.

Growing Profit Margin: MU's current net profit margins (29%) are higher than last year (13.6%).


Past Earnings Growth Analysis

Earnings Trend: MU's earnings have declined by 7% per year over the past 5 years.

Accelerating Growth: MU's earnings growth over the past year (182.5%) exceeds its 5-year average (-7% per year).

Earnings vs Industry: MU earnings growth over the past year (182.5%) exceeded the Semiconductor industry 70.4%.


Return on Equity

High ROE: MU's Return on Equity (18.9%) is considered low.


Financial Health

How is Micron Technology's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MU's short term assets ($21.5B) exceed its short term liabilities ($6.9B).

Long Term Liabilities: MU's short term assets ($21.5B) exceed its long term liabilities ($8.9B).


Debt to Equity History and Analysis

Debt Level: MU has more cash than its total debt.

Reducing Debt: MU's debt to equity ratio has reduced from 73.7% to 12.7% over the past 5 years.

Debt Coverage: MU's debt is well covered by operating cash flow (246.8%).

Interest Coverage: MU's interest payments on its debt are well covered by EBIT (68x coverage).


Balance Sheet


Dividend

What is Micron Technology current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


0.57%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: MU's dividend (0.6%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.57%).

High Dividend: MU's dividend (0.6%) is low compared to the top 25% of dividend payers in the US market (4.05%).


Stability and Growth of Payments

Stable Dividend: MU is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: MU is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Earnings Payout to Shareholders

Earnings Coverage: MU is not paying a notable dividend for the US market.


Cash Payout to Shareholders

Cash Flow Coverage: MU is not paying a notable dividend for the US market.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.2yrs

Average management tenure


CEO

Sanjay Mehrotra (62 yo)

5yrs

Tenure

US$25,316,709

Compensation

Mr. Sanjay Mehrotra serves as Independent Director at CDW Corporation since March 21, 2021. He has been the Chief Executive Officer, President and Director at Micron Technology, Inc. since May 8, 2017. He...


CEO Compensation Analysis

Compensation vs Market: Sanjay's total compensation ($USD25.32M) is above average for companies of similar size in the US market ($USD13.26M).

Compensation vs Earnings: Sanjay's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: MU's management team is considered experienced (3.2 years average tenure).


Board Members

Experienced Board: MU's board of directors are considered experienced (3.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Micron Technology, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Micron Technology, Inc.
  • Ticker: MU
  • Exchange: NasdaqGS
  • Founded: 1978
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Implied Market Cap: US$77.709b
  • Shares outstanding: 1.12b
  • Website: https://www.micron.com

Number of Employees


Location

  • Micron Technology, Inc.
  • 8000 South Federal Way
  • Boise
  • Idaho
  • 83716-9632
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/24 00:00
End of Day Share Price2022/05/23 00:00
Earnings2022/03/03
Annual Earnings2021/09/02


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.