Micron Technology
NASDAQ: MUKey stats
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About Micron Technology
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. The company offers memory products for the cloud server, enterprise, client, graphics, and networking markets, as well as for smartphone and other mobile-device markets; SSDs and component-level solutions for the enterprise and cloud, client, and consumer storage markets; other discrete storage products in component and wafers; and memory and storage products for the automotive, industrial, and consumer markets. It markets its products through its direct sales force, independent sales representatives, distributors, and retailers; and web-based customer direct sales channel, as well as through channel and distribution partners. Micron Technology, Inc. was founded in 1978 and is headquartered in Boise, Idaho.
Company profile
- CEO
- Sanjay Mehrotra
- Employees
- 48,000
- Headquarters
- Boise, ID
- IPO date
- Jun 1, 1984
- Website
- www.micron.com
Technology peers
How MU compares to other large companies in the same sector.
| Company | Price | Today | Market cap | P/E |
|---|---|---|---|---|
 NVDA NVIDIA Corporation | $188.65 | +2.58% | $4.58T | 38.18 |
 GOOGL Alphabet Inc. | $317.26 | -0.39% | $3.84T | 28.95 |
 AAPL Apple Inc. | $260.50 | +0.00% | $3.83T | 32.47 |
 MSFT Microsoft Corporation | $370.89 | -0.58% | $2.75T | 23.09 |
 TSM Taiwan Semiconductor | $370.62 | +1.40% | $1.92T | 29.51 |
Wall Street analyst ratings
DollarScout analysis
Editorial, not advice. See our methodology.
Bull case
Micron's competitive advantage lies in its innovation and scale within the memory chip market. It produces DRAM and NAND technologies, which are fundamental for computing, automotive, and mobile industries. The increasing demand in AI and 5G technology serves as a growth catalyst, driving higher memory consumption. Additionally, its consistent investments in R&D enable Micron to stay at the forefront of technological advancements, positioning it well against competitors like Samsung and SK Hynix. With a market cap of $474.31B and a solid P/E ratio of 19.67, Micron is valued attractively given its growth prospects. The company's bullish price trend and strong buy consensus among analysts suggest confidence in its ability to expand earnings and capitalize on the digital transformation.
Bear case
Micron operates in a highly cyclical industry, which is a significant risk factor considering its dependence on fluctuating market demand for semiconductors. Intense competition from established players like SK Hynix and Samsung can pressure pricing and margins. The company's beta of 1.7147 underscores its volatility, indicating that the stock might experience amplified market movements. Furthermore, global supply chain disruptions could impact production, creating potential setbacks for Micron's ambitious growth plans. The relatively low dividend yield of 0.1111% might not appeal to income-focused investors, highlighting limited near-term income returns.
Who should buy MU
Micron is suited for growth-oriented investors with a moderate to high-risk tolerance. Those who believe in the long-term expansion of the semiconductor industry and are willing to weather short-term volatility may find the stock appealing. It’s ideal for investors seeking to capitalize on tech trends like AI, 5G, and cloud computing over a multi-year horizon.
Key risks
- Cyclical nature of the semiconductor industry could lead to volatile earnings. - Competition from major rivals may impact pricing power and market share. - High beta suggests increased sensitivity to market fluctuations. - Supply chain issues could hinder ongoing production and product delivery timelines.
Where to buy MU
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