MU Stock Overview
Micron Technology, Inc. designs, manufactures, and sells memory and storage products worldwide.
Micron Technology Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$81.93|
|52 Week High||US$98.45|
|52 Week Low||US$65.67|
|1 Month Change||-9.31%|
|3 Month Change||21.36%|
|1 Year Change||-0.43%|
|3 Year Change||110.29%|
|5 Year Change||241.80%|
|Change since IPO||8,093.00%|
Recent News & Updates
Micron Technology Stock Forecast: What To Watch For In 2022
Micron benefits from macro tailwinds and the oligopoly in its industry. The current year will be very profitable for Micron, and earnings will likely be even higher in the following two years. Shares are not expensive, but the risk-reward setup is not as great as it was last fall when shares were even cheaper.
|MU||US Semiconductor||US Market|
Return vs Industry: MU underperformed the US Semiconductor industry which returned 15.7% over the past year.
Return vs Market: MU underperformed the US Market which returned 6.6% over the past year.
|MU Average Weekly Movement||6.0%|
|Semiconductor Industry Average Movement||7.8%|
|Market Average Movement||6.7%|
|10% most volatile stocks in US Market||15.6%|
|10% least volatile stocks in US Market||2.4%|
Stable Share Price: MU is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: MU's weekly volatility (6%) has been stable over the past year.
About the Company
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
|MU fundamental statistics|
Is MU overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MU income statement (TTM)|
|Cost of Revenue||US$17.32b|
Last Reported Earnings
Dec 02, 2021
Next Earnings Date
|Earnings per share (EPS)||6.58|
|Net Profit Margin||24.86%|
How did MU perform over the long term?See historical performance and comparison
0.5%Current Dividend Yield
Is Micron Technology undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MU ($81.93) is trading above our estimate of fair value ($72.18)
Significantly Below Fair Value: MU is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MU is good value based on its PE Ratio (12.5x) compared to the US Semiconductor industry average (28.1x).
PE vs Market: MU is good value based on its PE Ratio (12.5x) compared to the US market (16.7x).
Price to Earnings Growth Ratio
PEG Ratio: MU is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: MU is good value based on its PB Ratio (2x) compared to the US Semiconductor industry average (4.1x).
How is Micron Technology forecast to perform in the next 1 to 3 years based on estimates from 33 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MU's forecast earnings growth (13.3% per year) is above the savings rate (2%).
Earnings vs Market: MU's earnings (13.3% per year) are forecast to grow faster than the US market (13.1% per year).
High Growth Earnings: MU's earnings are forecast to grow, but not significantly.
Revenue vs Market: MU's revenue (10.6% per year) is forecast to grow faster than the US market (9.2% per year).
High Growth Revenue: MU's revenue (10.6% 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 high in 3 years time (22.9%)
How has Micron Technology performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MU has high quality earnings.
Growing Profit Margin: MU's current net profit margins (24.9%) are higher than last year (13.6%).
Past Earnings Growth Analysis
Earnings Trend: MU has become profitable over the past 5 years, growing earnings by -3.9% per year.
Accelerating Growth: MU's earnings growth over the past year (145.8%) exceeds its 5-year average (-3.9% per year).
Earnings vs Industry: MU earnings growth over the past year (145.8%) exceeded the Semiconductor industry 80.5%.
Return on Equity
High ROE: MU's Return on Equity (16%) is considered low.
How is Micron Technology's financial position?
Financial Position Analysis
Short Term Liabilities: MU's short term assets ($20.2B) exceed its short term liabilities ($6.5B).
Long Term Liabilities: MU's short term assets ($20.2B) exceed its long term liabilities ($8.8B).
Debt to Equity History and Analysis
Debt Level: MU has more cash than its total debt.
Reducing Debt: MU's debt to equity ratio has reduced from 64.1% to 13.3% over the past 5 years.
Debt Coverage: MU's debt is well covered by operating cash flow (236.9%).
Interest Coverage: MU's interest payments on its debt are well covered by EBIT (60.1x coverage).
What is Micron Technology current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MU's dividend (0.49%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.36%).
High Dividend: MU's dividend (0.49%) is low compared to the top 25% of dividend payers in the US market (3.55%).
Stability and Growth of Payments
Stable Dividend: MU is not paying a notable dividend for the US market, therefore no need to check if payments are stable.
Growing Dividend: MU is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: MU is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MU's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Sanjay Mehrotra (62 yo)
Mr. Sanjay Mehrotra serves as Independent Director at CDW Corporation since March 24, 2021. He has been the Chief Executive Officer, President and Director at Micron Technology, Inc. since May 8, 2017. He...
CEO Compensation Analysis
Compensation vs Market: Sanjay's total compensation ($USD25.32M) is above average for companies of similar size in the US market ($USD11.42M).
Compensation vs Earnings: Sanjay's compensation has increased by more than 20% in the past year.
Experienced Management: MU's management team is considered experienced (4.3 years average tenure).
Experienced Board: MU's board of directors are considered experienced (3.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MU insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Micron Technology, Inc.'s employee growth, exchange listings and data sources
- Name: Micron Technology, Inc.
- Ticker: MU
- Exchange: NasdaqGS
- Founded: 1978
- Industry: Semiconductors
- Sector: Semiconductors
- Implied Market Cap: US$91.743b
- Shares outstanding: 1.12b
- Website: https://www.micron.com
Number of Employees
- Micron Technology, Inc.
- 8000 South Federal Way
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/21 23:36|
|End of Day Share Price||2022/01/21 00:00|
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.