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

Micron Technology Inc. (MU): $67.90

1.78 (-2.55%)

POWR Rating

Component Grades








MU Price/Volume Stats

Current price $67.90 52-week high $74.77
Prev. close $69.68 52-week low $48.43
Day low $67.83 Volume 14,969,453
Day high $69.29 Avg. volume 15,655,261
50-day MA $67.51 Dividend yield 0.65%
200-day MA $62.13 Market Cap 74.37B

MU Stock Price Chart Interactive Chart >

MU POWR Grades

  • MU scores best on the Sentiment dimension, with a Sentiment rank ahead of 81.11% of US stocks.
  • MU's strongest trending metric is Growth; it's been moving up over the last 179 days.
  • MU ranks lowest in Growth; there it ranks in the 4th percentile.

MU Stock Summary

  • MU has a market capitalization of $77,218,763,364 -- more than approximately 97.16% of US stocks.
  • Of note is the ratio of MICRON TECHNOLOGY INC's sales and general administrative expense to its total operating expenses; merely 8.82% of US stocks have a lower such ratio.
  • Revenue growth over the past 12 months for MICRON TECHNOLOGY INC comes in at -43.89%, a number that bests merely 6.06% 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 VRTX, REGN, LRCX, MRVL, and NXPI.
  • To dig deeper into the stock's financial statements, go to MU's page on browse-edgar?action=getcompany&CIK=0000723125.

MU Valuation Summary

  • In comparison to the median Technology stock, MU's price/sales ratio is 68% higher, now standing at 4.2.
  • MU's price/earnings ratio has moved down 21.3 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 2023-09-15 4.2 1.7 -26.3 -34.5
MU 2023-09-14 4.3 1.7 -27.0 -35.4
MU 2023-09-13 4.3 1.7 -26.7 -35.0
MU 2023-09-12 4.2 1.7 -26.5 -34.7
MU 2023-09-11 4.2 1.7 -26.3 -34.6
MU 2023-09-08 4.2 1.7 -26.4 -34.6

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.

MU Latest News Stream

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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.

Wall Street recovers slightly ahead of Federal Reserve's rate decision

U.S. stocks showed a modest recovery on Monday, after a significant drop in the previous session, as Wall Street anticipates the Federal Reserve's upcoming decision on interest rates. The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all edged higher, with the Dow e-minis up 12 points, or 0.03%, S&P 500 e-minis up 3.5 points, or 0.08%, and Nasdaq 100 e-minis up by 21.75 points, or 0.14% as of 5:29 a.m. ET.

Yahoo | September 18, 2023

Micron Technology Stock Upgraded by Deutsche Bank On Improved Industry Outlook

Micron Technology (NASDAQ:MU), a prominent player in the memory and storage sector, received an upgrade from Deutsche Bank analyst Sidney Ho on Monday. Citing positive changes in the semiconductor industry and an uptick in demand, Ho upgraded Micron's stock from Hold to Buy, increasing the price target from $65 to $85. This change suggests a potential 22% rise from the stock's closing price last Friday.

Yahoo | September 18, 2023

Micron Gets an Upgrade Ahead of Earnings. The Demand Picture Is Improving.

Micron Technology stock was rising Monday after a Deutsche Bank analyst upgraded the stock on recent improvement in demand. Deutsche Bank analyst Sidney Ho upgraded shares of Micron (ticker: MU) to Buy from Hold and increased the stock’s price target to $85 from $65, implying a 22% increase from its closing price on Friday. “While our previous neutral stance on MU was driven by the levels of excess inventory in the supply chain and weak macro end-demand, we now see the worst of the downcycle as behind us, given aggressive production cuts by all suppliers, as well as pockets of demand strength particularly in AI servers,” Ho wrote in a research note.

Yahoo | September 18, 2023

Micron stock receives upgrade from Deutsche Bank

Micron Technology (MU) stock receives an upgrade from Deutsche Bank from "hold" to "buy," as well as a raised price target to $85 a share from $65 a share. Yahoo Finance Live discusses the reasons for the upgrade.

Yahoo | September 18, 2023

Midday movers: Arm Holdings, Micron, Clorox and more

Investing.com -- U.S. stocks were rebounding from earlier losses on Monday as investors turn their attention to this week’s key Federal Reserve meeting.

Yahoo | September 18, 2023

Read More 'MU' Stories Here

MU Price Returns

1-mo 7.08%
3-mo 4.21%
6-mo 11.45%
1-year 36.66%
3-year 40.11%
5-year 53.92%
YTD 36.39%
2022 -45.93%
2021 24.21%
2020 39.79%
2019 69.49%
2018 -22.84%

MU Dividends

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