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Micron Technology NasdaqGS:MU Stock Report

Last Price

US$89.82

Market Cap

US$99.5b

7D

3.1%

1Y

4.4%

Updated

26 Dec, 2024

Data

Company Financials +

Micron Technology, Inc.

NasdaqGS:MU Stock Report

Market Cap: US$99.5b

MU Stock Overview

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. More details

MU fundamental analysis
Snowflake Score
Valuation4/6
Future Growth4/6
Past Performance2/6
Financial Health5/6
Dividends0/6

Rewards

Trading at 16.8% below our estimate of its fair value

Earnings are forecast to grow 26.62% per year

Became profitable this year

Trading at good value compared to peers and industry

Risk Analysis

Significant insider selling over the past 3 months


My Notes

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Community Narratives

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Narratives bring a range of perspectives from our community.

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Community Contributor

Micron will be one of the biggest beneficiaries in the semiconductor industry of the multi-year growth opportunity driven by AI

Catalysts With the advancement of AI there will be high demand for High Bandwidth Memory (HBM) devices for AI data centres. Micron are in a strong position to serve AI demand for fast storage as these data-intensive applications proliferate.
View narrative
US$159.75
FV
43.8% undervalued intrinsic discount
26.00%
Revenue growth p.a.
18users have liked this narrative
0users have commented on this narrative
23users have followed this narrative
4 months ago author updated this narrative
WA
Analyst Price Target
Consensus Narrative from 33 Analysts

Cutting-Edge HBM And AI Memory Solutions Will Propel Future Growth And Profitability

Key Takeaways Expansion into high-bandwidth memory and AI-driven solutions is set to significantly boost growth and market share through high-value product differentiation. Strategic investments and manufacturing expansion are poised to enhance production, reduce costs, and improve profitability and earnings.
View narrative
US$132.01
FV
32.0% undervalued intrinsic discount
14.30%
Revenue growth p.a.
3users have liked this narrative
0users have commented on this narrative
78users have followed this narrative
1 day ago author updated this narrative

Micron Technology, Inc. Competitors

Analog Devices

NasdaqGS:ADI

US$108.2b

Texas Instruments

NasdaqGS:TXN

US$175.5b

QUALCOMM

NasdaqGS:QCOM

US$177.0b

NXP Semiconductors

NasdaqGS:NXPI

US$54.7b

Price History & Performance

Summary of share price highs, lows and changes for Micron Technology
Historical stock prices
Current Share PriceUS$89.82
52 Week HighUS$157.54
52 Week LowUS$79.15
Beta1.15
1 Month Change-11.77%
3 Month Change-16.45%
1 Year Change4.44%
3 Year Change-4.33%
5 Year Change62.16%
Change since IPO3,681.89%

Recent News & Updates

Amidst Volatility, Micron Presents A Buying Opportunity For Investors

Dec 23

Recent updates

Amidst Volatility, Micron Presents A Buying Opportunity For Investors

Dec 23

Micron Technology (NASDAQ:MU) Will Want To Turn Around Its Return Trends

Dec 18
Micron Technology (NASDAQ:MU) Will Want To Turn Around Its Return Trends

My Boldest Bet On Micron So Far: Why I'm Shorting This Stock Prior To Earnings

Dec 16

Micron Is On A Mission To Penetrate The HBM Market - Buy It

Dec 10

HBM Demand Is Surging Past Supply: Why Micron Is The Biggest Beneficiary

Dec 03

Micron: Here's Why It Keeps Dropping And Here's Why I Keep Buying

Nov 20

Micron: A Dip Worth Picking Up

Nov 07

Micron's Resurgence Is Here To Stay (Technical Analysis)

Oct 24

Micron Technology, Inc.'s (NASDAQ:MU) Shares Climb 26% But Its Business Is Yet to Catch Up

Oct 18
Micron Technology, Inc.'s (NASDAQ:MU) Shares Climb 26% But Its Business Is Yet to Catch Up

Does Micron Technology (NASDAQ:MU) Have A Healthy Balance Sheet?

Oct 15
Does Micron Technology (NASDAQ:MU) Have A Healthy Balance Sheet?

Micron: Bullish Catalysts In Motion

Oct 13

Micron Technology: The Market May Be Wrong

Oct 04

Micron: Why Q4 Results Didn't Get Me Excited

Sep 28

Micron's Stock Might Face A Steep Decline Following Q4 Results

Sep 22

Micron: I Am Buying The Drop Hand Over Fist Before Q4

Sep 14

Micron Technology, Inc.'s (NASDAQ:MU) Intrinsic Value Is Potentially 58% Above Its Share Price

Sep 11
Micron Technology, Inc.'s (NASDAQ:MU) Intrinsic Value Is Potentially 58% Above Its Share Price

Micron Technology: DRAM And NAND Price Recovery Priced In (Rating Downgrade)

Aug 25

Micron Is Dirt Cheap After The 45% Drop

Aug 13

Micron: This Apple And NVIDIA Supplier Is An Undervalued AI Stock

Aug 06

Micron Technology, Inc.'s (NASDAQ:MU) Shareholders Might Be Looking For Exit

Jul 31
Micron Technology, Inc.'s (NASDAQ:MU) Shareholders Might Be Looking For Exit

Micron: Strong Prospects For Secular And Cyclical Growth Are Coming Together

Jul 28

Micron Taught Me 2 Lessons (Rating Upgrade)

Jul 18

Micron: HBM3E Shipment Ramping Up From Q3, Expect Strong Revenue Growth

Jul 06

Micron: Key Beneficiary Of AI But Too Richly Valued

Jun 30

Micron Technology, Inc. (NASDAQ:MU) Analysts Are Pretty Bullish On The Stock After Recent Results

Jun 30
Micron Technology, Inc. (NASDAQ:MU) Analysts Are Pretty Bullish On The Stock After Recent Results

Micron Q3 Earnings Preview: Stronger Than Expected Memory Recovery, Micron Remains A Buy

Jun 24

Micron Technology Is Positioned For AI Factory Growth

Jun 17

Micron Is Not A Bargain Despite The AI-Driven HBM Sensation

Jun 06

Is Micron Technology (NASDAQ:MU) Using Too Much Debt?

May 30
Is Micron Technology (NASDAQ:MU) Using Too Much Debt?

Micron: Quiet AI Powerhouse

May 20

Micron: Stock Is Not Overvalued

May 13

I'm Upgrading Micron To A Buy As It Wins The HBM Yield Race With SK Hynix

Apr 25

Micron: Sell Cyclical Stock Near Cyclical High

Apr 14

Micron: Gnashing Of Teeth As The Best Upcycle Develops (Rating Downgrade)

Apr 05

Micron Technology, Inc.'s (NASDAQ:MU) Share Price Not Quite Adding Up

Apr 01
Micron Technology, Inc.'s (NASDAQ:MU) Share Price Not Quite Adding Up

Micron: Reasonable Valuation On Massive Tailwind

Mar 28

Micron: HBM Is Sold Out In FY24/FY25 Thanks To AI Demand, Rating Maintained

Mar 21

Micron Stock: After Nearly Doubling, It's Time To Take Profits (Technical Analysis)

Mar 13

Shareholder Returns

MUUS SemiconductorUS Market
7D3.1%7.0%2.8%
1Y4.4%75.8%24.5%

Return vs Industry: MU underperformed the US Semiconductor industry which returned 75.8% over the past year.

Return vs Market: MU underperformed the US Market which returned 24.5% over the past year.

Price Volatility

Is MU's price volatile compared to industry and market?
MU volatility
MU Average Weekly Movement7.6%
Semiconductor Industry Average Movement7.5%
Market Average Movement6.3%
10% most volatile stocks in US Market17.1%
10% least volatile stocks in US Market3.1%

Stable Share Price: MU has not had significant price volatility in the past 3 months compared to the US market.

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

About the Company

FoundedEmployeesCEOWebsite
197848,000Sanjay Mehrotrawww.micron.com

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.

Micron Technology, Inc. Fundamentals Summary

How do Micron Technology's earnings and revenue compare to its market cap?
MU fundamental statistics
Market capUS$99.47b
Earnings (TTM)US$3.88b
Revenue (TTM)US$29.09b

25.8x

P/E Ratio

3.4x

P/S Ratio

Is MU overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MU income statement (TTM)
RevenueUS$29.09b
Cost of RevenueUS$20.10b
Gross ProfitUS$9.00b
Other ExpensesUS$5.11b
EarningsUS$3.88b

Last Reported Earnings

Nov 28, 2024

Next Earnings Date

n/a

Earnings per share (EPS)3.48
Gross Margin30.92%
Net Profit Margin13.34%
Debt/Equity Ratio24.2%

How did MU perform over the long term?

See historical performance and comparison

Dividends

0.5%

Current Dividend Yield

13%

Payout Ratio

Does MU pay a reliable dividends?

See MU dividend history and benchmarks
When do you need to buy MU by to receive an upcoming dividend?
Micron Technology dividend dates
Ex Dividend DateDec 30 2024
Dividend Pay DateJan 15 2025
Days until Ex dividend3 days
Days until Dividend pay date19 days

Does MU pay a reliable dividends?

See MU dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 22:33
End of Day Share Price 2024/12/26 00:00
Earnings2024/11/28
Annual Earnings2024/08/29

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Micron Technology, Inc. is covered by 77 analysts. 31 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Warren LauAletheia Analyst Network Limited
Nam Hyung KimArete Research Services LLP
James KelleherArgus Research Company