Timing, Fundamentals, and Diversification of Micron Technology Inc. (MU)

The closing price of Micron Technology Inc. (NASDAQ: MU) was $61.26 for the day, down -0.91% from the previous closing price of $61.82. In other words, the price has decreased by -$0.56 from its previous closing price. On the day, 10034957 shares were traded. MU stock price reached its highest trading level at $61.72 during the session, while it also had its lowest trading level at $60.87.

Top 5 Undervalued Stocks To Own In 2023

Microchip Maker Releases "World's Most Powerful Data Center CPU". It could allow the company who manufactures it to lead the industry as the global microchip shortage continues into the coming year. We've put together a free research report that explains all the details. Not only will you find out why analysts believe this chip manufacturer could lead the pack, you will also discover four more potential winners for the coming year.

Click here to download your Free Research Report…



Our analysis of MU’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.09 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 140.10. For the most recent quarter (mrq), Quick Ratio is recorded 2.20 and its Current Ratio is at 3.50. In the meantime, Its Debt-to-Equity ratio is 0.21 whereas as Long-Term Debt/Eq ratio is at 0.20.

Upgrades & Downgrades

On December 22, 2022, UBS reiterated its Buy rating and also upped its target price recommendation from $75 to $70.

Stifel reiterated its Hold rating for the stock on December 22, 2022, while the target price for the stock was revised from $54 to $52.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 16 when Bokan Michael W sold 16,600 shares for $63.82 per share. The transaction valued at 1,059,450 led to the insider holds 119,126 shares of the business.

ARNZEN APRIL S sold 5,600 shares of MU for $425,600 on Mar 24. The SVP, Chief People Officer now owns 89,172 shares after completing the transaction at $76.00 per share. On Feb 16, another insider, Beard Robert P, who serves as the SVP, General Counsel&Secretary of the company, sold 266 shares for $96.17 each. As a result, the insider received 25,581 and left with 10,688 shares of the company.

Valuation Measures:

As of this moment, Micron’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.11, and their Forward P/E ratio for the next fiscal year is 32.69. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.37 while its Price-to-Book (P/B) ratio in mrq is 1.35.

Stock Price History:

Over the past 52 weeks, MU has reached a high of $96.50, while it has fallen to a 52-week low of $48.43. The 50-Day Moving Average of the stock is 55.55, while the 200-Day Moving Average is calculated to be 59.67.

Shares Statistics:

MU traded an average of 16.10M shares per day over the past three months and 13.29M shares per day over the past ten days. A total of 1.09B shares are outstanding, with a floating share count of 1.09B. Insiders hold about 0.20% of the company’s shares, while institutions hold 82.40% stake in the company. Shares short for MU as of Oct 13, 2022 were 30.14M with a Short Ratio of 25.04M, compared to 32.64M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 2.77% and a Short% of Float of 2.78%.

Dividends & Splits

With its trailing 12-month dividend rate of 0.10, MU has a forward annual dividend rate of 0.46. Against a Trailing Annual Dividend Yield of 0.16%, it implies a Forward Annual Dividend Yield of 0.83%. The current Payout Ratio is 7.70% for MU, which recently paid a dividend on Jan 18, 2023 with an ex-dividend date of Oct 06, 2022. Stock splits for the company last occurred on May 01, 2000 when the company split stock in a 2:1 ratio.

Earnings Estimates

The firm’s stock currently is rated by 25 analysts. On average, analysts expect EPS of $0.04 for the current quarter, with a high estimate of $0.11 and a low estimate of $0, while EPS last year was $2.16. The consensus estimate for the next quarter is -$0.14, with high estimates of $0.14 and low estimates of -$0.38.

Analysts are recommending an EPS of between $8.39 and -$0.91 for the fiscal current year, implying an average EPS of $0.53. EPS for the following year is $3.68, with 25 analysts recommending between $8 and $1.22.

Revenue Estimates

A total of 30 analysts have provided revenue estimates for MU’s current fiscal year. The highest revenue estimate was $24.48B, while the lowest revenue estimate was $15.49B, resulting in an average revenue estimate of $18.99B. In the same quarter a year ago, actual revenue was $30.76B, down -38.30% from the average estimate. Based on 25 analysts’ estimates, the company’s revenue will be $27.04B in the next fiscal year. The high estimate is $37.95B and the low estimate is $18.75B. The average revenue growth estimate for next year is up 42.40% from the average revenue estimate for this year.