Micron Technology Inc. (MU): Price and Financial Metrics

Micron Technology Inc. (MU): $93.78

0.53 (+0.57%)

POWR Rating

Component Grades

Momentum

C

Stability

D

Sentiment

Quality

C

MU Price/Volume Stats

Current price $93.78 52-week high $101.85
Prev. close $93.25 52-week low $56.01
Day low $93.69 Volume 23,140,201
Day high $97.08 Avg. volume 15,448,923
50-day MA $87.81 Dividend yield 0.5%
200-day MA $74.71 Market Cap 103.52B

MU Stock Price Chart Interactive Chart >

MU POWR Grades

  • MU scores best on the Sentiment dimension, with a Sentiment rank ahead of 93.15% of US stocks.
  • MU's strongest trending metric is Quality; it's been moving down over the last 26 weeks.
  • MU's current lowest rank is in the Stability metric (where it is better than 9.66% of US stocks).

MU Stock Summary

  • MU has a market capitalization of $90,807,544,469 -- more than approximately 97.24% of US stocks.
  • Over the past twelve months, MU has reported earnings growth of -187.29%, putting it ahead of merely 7.08% of US stocks in our set.
  • Revenue growth over the past 12 months for MICRON TECHNOLOGY INC comes in at -40.41%, a number that bests merely 6.36% of the US stocks we're tracking.
  • If you're looking for stocks that are quantitatively similar to MICRON TECHNOLOGY INC, a group of peers worth examining would be LRCX, VRTX, MRNA, SLB, and ANET.
  • To dig deeper into the stock's financial statements, go to MU's page on browse-edgar?action=getcompany&CIK=0000723125.

MU Valuation Summary

  • MU's EV/EBIT ratio is -16.6; this is 178.3% lower than that of the median Technology stock.
  • MU's price/sales ratio has moved up 3 over the prior 243 months.

Below are key valuation metrics over time for MU.

Stock Date P/S P/B P/E EV/EBIT
MU 2023-12-08 5.3 1.9 -14.1 -16.6
MU 2023-12-07 5.2 1.8 -13.9 -16.4
MU 2023-12-06 5.2 1.8 -13.8 -16.3
MU 2023-12-05 5.2 1.8 -13.9 -16.4
MU 2023-12-04 5.2 1.8 -14.0 -16.5
MU 2023-12-01 5.4 1.9 -14.3 -16.8

MU Growth Metrics

    Its 5 year revenue growth rate is now at 33.03%.
  • The 4 year revenue growth rate now stands at 33.03%.
  • Its 2 year cash and equivalents growth rate is now at 28.07%.
MU's revenue has moved down $3.235e+09 over the prior 52 months.

The table below shows MU's growth in key financial areas (numbers in millions of US dollars).

Date Revenue Operating Cash Flow Net Income to Common Stock
2022-12-31 27,156 12,186 6,186
2022-09-30 30,758 15,181 8,687
2022-06-30 32,389 15,288 9,915
2022-03-31 31,169 15,010 9,024
2021-12-31 29,619 14,439 7,364
2021-09-30 27,705 12,468 5,861

MU's Quality Factors

The “Quality” component of the POWR Ratings focuses on 31 different factors of a companies fundamentals and operational strength. Here are some key insights as we drill into the specifics of these quality attributes.
  • MU has a Quality Grade of B, ranking ahead of 82.98% of graded US stocks.
  • MU's asset turnover comes in at 0.498 -- ranking 144th of 208 Electronic Equipment stocks.
  • SGH, AXTI, and NVDA are the stocks whose asset turnover ratios are most correlated with MU.

The table below shows MU's key quality metrics over time.

Period Asset Turnover Gross Margin ROIC
2021-09-02 0.498 0.376 0.133
2021-06-03 0.469 0.337 0.098
2021-03-04 0.440 0.307 0.080
2020-12-03 0.422 0.314 0.078
2020-09-03 0.418 0.306 0.074
2020-05-28 0.405 0.290 0.064

MU Price Target

For more insight on analysts targets of MU, see our MU price target page. And for a list of of all stocks sorted by upside potential based on analyst target price, see our Top Price Target page.

Average Price Target $114.55 Average Broker Recommendation 1.54 (Moderate Buy)

Micron Technology Inc. (MU) Company Bio


Micron Technology Inc along with its subsidiaries provide memory and storage solutions. Its product portfolio consists of memory and storage technologies such as DRAM, NAND, NOR and 3D XPoint memory. Micron Technology employs more than 40,000 people in 17 countries around the globe, including the United States, China, India, Japan, Korea, Malaysia, Singapore, Taiwan, Belgium, Germany, Italy, United Kingdom, and Israel. Micron’s products are used in a variety of end markets, including 5G communications and mobile, automotive, server and networking, and consumer industries. The company is headquartered in the United States and Sanjay Mehrotra serves as Chief Executive Officer.


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Latest MU News From Around the Web

Below are the latest news stories about MICRON TECHNOLOGY INC that investors may wish to consider to help them evaluate MU as an investment opportunity.

Top 7 Semiconductor Stock Picks for the New Year 

Semiconductors are in the early stages of a super cycle and these seven semiconductor stock picks are expected to stand out in 2024

Chris Markoch on InvestorPlace | December 29, 2023

1 Super Semiconductor Stock to Buy Hand Over Fist in 2024 (and Beyond)

Micron's business is on the upswing once again thanks to artificial intelligence (AI).

Yahoo | December 28, 2023

3 Tech Stocks to Buy Before They Take Off in 2024

Investors looking for undervalued tech stocks to buy in 2024 can look at some of the same sectors that were attractive in 2023.

Chris Markoch on InvestorPlace | December 27, 2023

Missed Out on Nvidia? Buy This Magnificent Artificial Intelligence (AI) Stock Before It Soars At Least 45% in 2024

The growing demand for memory chips thanks to the proliferation of AI could give this stock a big boost in the new year.

Yahoo | December 27, 2023

How AI boom will benefit these nine chipmakers in 2024

Here are the chip companies that have piqued investor interest going into 2024.

Yahoo | December 27, 2023

Read More 'MU' Stories Here

MU Price Returns

1-mo 17.96%
3-mo 19.34%
6-mo 38.53%
1-year 63.83%
3-year 5.40%
5-year 116.85%
YTD 9.89%
2023 71.93%
2022 -45.93%
2021 24.21%
2020 39.79%
2019 69.49%

MU Dividends

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