Is Micron Technology Stock a Good Investment?
Micron Technology Investment Advice | MU |
- Examine Micron Technology's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Micron Technology's leadership team and their track record. Good management can help Micron Technology navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Semiconductors & Semiconductor Equipment space and any emerging trends that could impact Micron Technology's business and its evolving consumer preferences.
- Compare Micron Technology's performance and market position to its competitors. Analyze how Micron Technology is positioned in terms of product offerings, innovation, and market share.
- Check if Micron Technology pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Micron Technology's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Micron Technology stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Micron Technology is a good investment.
Sell | Buy |
Buy
Market Performance | Good | Details | |
Volatility | Very steady | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Responds to the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Micron Technology Stock
Researching Micron Technology's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 85.0% of the company shares are owned by institutional investors. The book value of Micron Technology was now reported as 39.63. The company has Price/Earnings To Growth (PEG) ratio of 1.12. Micron Technology recorded a loss per share of 3.44. The entity last dividend was issued on the 28th of March 2024. The firm had 2:1 split on the 2nd of May 2000.
To determine if Micron Technology is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Micron Technology's research are outlined below:
| Micron Technology appears to be risky and price may revert if volatility continues | |
| The company generated the yearly revenue of 15.54 B. Annual Net Loss to common stockholders was (5.83 B) with gross Loss of (1.42 B). | |
| Over 85.0% of the company shares are owned by institutional investors | |
| On 16th of April 2024 Micron Technology paid $ 0.115 per share dividend to its current shareholders | |
| Latest headline from investing.com: Micron Technology CEO Sanjay Mehrotra sells shares worth over 880k |
Micron Technology uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Micron Technology. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Micron Technology's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 26th of March 2024 Upcoming Quarterly Report | View | |
| 26th of June 2024 Next Financial Report | View | |
| 29th of February 2024 Next Fiscal Quarter End | View | |
| 25th of September 2024 Next Fiscal Year End | View | |
| 30th of November 2023 Last Quarter Report | View | |
| 31st of August 2023 Last Financial Announcement | View |
Earnings surprises can significantly impact Micron Technology's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Micron Technology's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2016-06-30 | 2016-05-31 | -0.09 | -0.08 | 0.01 | 11 | ||
2001-03-29 | 2001-02-28 | -0.02 | -0.01 | 0.01 | 50 | ||
1996-12-16 | 1996-11-30 | 0.03 | 0.04 | 0.01 | 33 | ||
2013-06-19 | 2013-05-31 | 0.02 | 0.04 | 0.02 | 100 | ||
2005-12-21 | 2005-11-30 | 0.11 | 0.09 | -0.02 | 18 | ||
2005-03-29 | 2005-02-28 | 0.15 | 0.17 | 0.02 | 13 | ||
2004-03-24 | 2004-02-29 | -0.06 | -0.04 | 0.02 | 33 | ||
1997-12-15 | 1997-11-30 | 0.04 | 0.02 | -0.02 | 50 |
Micron Technology Target Price Consensus
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Micron target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Micron Technology's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
| 38 | Strong Buy |
Most Micron analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Micron stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Micron Technology, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationMicron Technology Target Price Projection
Micron Technology's current and average target prices are 130.94 and 73.98, respectively. The current price of Micron Technology is the price at which Micron Technology is currently trading. On the other hand, Micron Technology's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Current Price
Micron Technology Market Quote on 7th of June 2024
Target Price
Analyst Consensus On Micron Technology Target Price
Micron Technology Analyst Ratings
Micron Technology's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Micron Technology stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Micron Technology's financials, market performance, and future outlook by experienced professionals. Micron Technology's historical ratings below, therefore, can serve as a valuable tool for investors.Know Micron Technology's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Micron Technology is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Micron Technology backward and forwards among themselves. Micron Technology's institutional investor refers to the entity that pools money to purchase Micron Technology's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Wellington Management Company Llp | 2024-03-31 | 14.3 M | Jpmorgan Chase & Co | 2024-03-31 | 12.5 M | Bank Of New York Mellon Corp | 2024-03-31 | 10.8 M | Dz Bank Ag Deutsche Zentral-genossenschaftsbank Frankfurt Am Main | 2024-03-31 | 10.1 M | Bank Of America Corp | 2024-03-31 | 10.1 M | Northern Trust Corp | 2024-03-31 | 9.9 M | Norges Bank | 2023-12-31 | 9 M | Amvescap Plc. | 2024-03-31 | 8.9 M | Ubs Asset Mgmt Americas Inc | 2024-03-31 | 8.5 M | Vanguard Group Inc | 2024-03-31 | 96.7 M | Blackrock Inc | 2024-03-31 | 90.3 M |
Micron Technology's market capitalization trends
The company currently falls under 'Mega-Cap' category with a market capitalization of 148.07 B.Market Cap |
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Micron Technology's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.08) | (0.08) | |
| Return On Capital Employed | (0.10) | (0.11) | |
| Return On Assets | (0.08) | (0.08) | |
| Return On Equity | (0.12) | (0.11) |
Determining Micron Technology's profitability involves analyzing its financial statements and using various financial metrics to determine if Micron Technology is a good buy. For example, gross profit margin measures Micron Technology's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Micron Technology's profitability and make more informed investment decisions.
The data published in Micron Technology's official financial statements typically reflect Micron Technology's business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving Micron Technology's quantitative information. For example, before you start analyzing numbers published by Micron accountants, it’s essential to understand Micron Technology's liquidity, profitability, and earnings quality within the context of the Semiconductors & Semiconductor Equipment space in which it operates.
Please note, the imprecision that can be found in Micron Technology's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Micron Technology. Check Micron Technology's Beneish M Score to see the likelihood of Micron Technology's management manipulating its earnings.
Evaluate Micron Technology's management efficiency
Micron Technology has Return on Asset (ROA) of (0.0377) % which means that for every 100 dollars spent on asset, it generated a loss of $0.0377. This is way below average. Likewise, it shows a return on total equity (ROE) of (0.0827) %, which implies that it produced no returns to current stockholders. Micron Technology's management efficiency ratios could be used to measure how well Micron Technology manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to gain to -0.08 in 2024. Return On Capital Employed is likely to drop to -0.11 in 2024. At this time, Micron Technology's Total Current Liabilities is comparatively stable compared to the past year. Liabilities And Stockholders Equity is likely to gain to about 77.6 B in 2024, whereas Non Current Liabilities Other is likely to drop slightly above 789.8 M in 2024.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 36.33 | 38.15 | |
| Tangible Book Value Per Share | 35.05 | 36.80 | |
| Enterprise Value Over EBITDA | 35.40 | 37.18 | |
| Price Book Value Ratio | 1.99 | 2.34 | |
| Enterprise Value Multiple | 35.40 | 37.18 | |
| Price Fair Value | 1.99 | 2.34 | |
| Enterprise Value | 14.8 B | 9.9 B |
The analysis of Micron Technology's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Micron Technology's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Micron Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Dividend Yield 0.0034 | Forward Dividend Yield 0.0034 | Forward Dividend Rate 0.46 | Beta 1.212 |
Basic technical analysis of Micron Stock
As of the 7th of June, Micron Technology secures the Risk Adjusted Performance of 0.1161, downside deviation of 2.28, and Mean Deviation of 2.3. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Micron Technology, as well as the relationship between them.Micron Technology's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Micron Technology insiders, such as employees or executives, is commonly permitted as long as it does not rely on Micron Technology's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Micron Technology insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Micron Technology's Outstanding Corporate Bonds
Micron Technology issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Micron Technology uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Micron bonds can be classified according to their maturity, which is the date when Micron Technology has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| MU 5875 09 FEB 33 Corp BondUS595112BZ51 | View | |
| MICRON TECHNOLOGY INC Corp BondUS595112BP79 | View | |
| MICRON TECHNOLOGY INC Corp BondUS595112BQ52 | View | |
| MU 2703 15 APR 32 Corp BondUS595112BS19 | View | |
| MU 3366 01 NOV 41 Corp BondUS595112BT91 | View | |
| MU 3477 01 NOV 51 Corp BondUS595112BU64 | View | |
| MU 675 01 NOV 29 Corp BondUS595112BV48 | View | |
| US595112BM49 Corp BondUS595112BM49 | View |
Understand Micron Technology's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Micron Technology's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.1161 | |||
| Market Risk Adjusted Performance | 0.3835 | |||
| Mean Deviation | 2.3 | |||
| Semi Deviation | 1.93 | |||
| Downside Deviation | 2.28 | |||
| Coefficient Of Variation | 578.75 | |||
| Standard Deviation | 3.08 | |||
| Variance | 9.5 | |||
| Information Ratio | 0.1612 | |||
| Jensen Alpha | 0.4868 | |||
| Total Risk Alpha | 0.3965 | |||
| Sortino Ratio | 0.2176 | |||
| Treynor Ratio | 0.3735 | |||
| Maximum Drawdown | 18.73 | |||
| Value At Risk | (3.91) | |||
| Potential Upside | 5.44 | |||
| Downside Variance | 5.22 | |||
| Semi Variance | 3.72 | |||
| Expected Short fall | (2.78) | |||
| Skewness | 1.31 | |||
| Kurtosis | 4.54 |
| Risk Adjusted Performance | 0.1161 | |||
| Market Risk Adjusted Performance | 0.3835 | |||
| Mean Deviation | 2.3 | |||
| Semi Deviation | 1.93 | |||
| Downside Deviation | 2.28 | |||
| Coefficient Of Variation | 578.75 | |||
| Standard Deviation | 3.08 | |||
| Variance | 9.5 | |||
| Information Ratio | 0.1612 | |||
| Jensen Alpha | 0.4868 | |||
| Total Risk Alpha | 0.3965 | |||
| Sortino Ratio | 0.2176 | |||
| Treynor Ratio | 0.3735 | |||
| Maximum Drawdown | 18.73 | |||
| Value At Risk | (3.91) | |||
| Potential Upside | 5.44 | |||
| Downside Variance | 5.22 | |||
| Semi Variance | 3.72 | |||
| Expected Short fall | (2.78) | |||
| Skewness | 1.31 | |||
| Kurtosis | 4.54 |
Consider Micron Technology's intraday indicators
Micron Technology intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Micron Technology stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Accumulation Distribution | 267325.0 | |||
| Daily Balance Of Power | 0.2979 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 131.08 | |||
| Day Typical Price | 131.03 | |||
| Price Action Indicator | 0.3 | |||
| Period Momentum Indicator | 0.87 |
Micron Technology Corporate Filings
F4 | 6th of June 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
| 28th of May 2024 Other Reports | ViewVerify | |
8K | 19th of April 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
Micron Stock media impact
Far too much social signal, news, headlines, and media speculation about Micron Technology that are available to investors today. That information is available publicly through Micron media outlets and privately through word of mouth or via Micron internal channels. However, regardless of the origin, that massive amount of Micron data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Micron Technology news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Micron Technology relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Micron Technology's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Micron Technology alpha.
Micron Technology Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Micron Technology can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Micron Technology Historical Investor Sentiment
Investor biases related to Micron Technology's public news can be used to forecast risks associated with an investment in Micron. The trend in average sentiment can be used to explain how an investor holding Micron can time the market purely based on public headlines and social activities around Micron Technology. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Micron Technology's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Micron Technology and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Micron Technology news discussions. The higher the estimate score, the more favorable the investor's outlook on Micron Technology.
Micron Technology Maximum Pain Price across 2024-06-07 Option Contracts
Micron Technology's options can also be used to analyze investors' bias and current market sentiment in the context of behavioral finance. For example, Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of Micron Technology close to the expiration of its current option contract to expire worthlessly. According to most research, about 35% of options are not executed, with roughly 50% traded out before expiration. So, Max pain occurs when market makers reach a net favorable position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthlessly. Please continue to view the detailed analysis of Micron Technology's options.
Micron Technology Corporate Management
| Michael Ray | Chief VP | Profile | |
| Rob Beard | Gen VP | Profile | |
| Rahul Sandil | Head Marketing | Profile | |
| Anand Bahl | Co Officer | Profile |
Additional Tools for Micron Stock Analysis
When running Micron Technology's price analysis, check to measure Micron Technology's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Micron Technology is operating at the current time. Most of Micron Technology's value examination focuses on studying past and present price action to predict the probability of Micron Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Micron Technology's price. Additionally, you may evaluate how the addition of Micron Technology to your portfolios can decrease your overall portfolio volatility.