Grufity logoGrufity logo

Micron Technology Inc Stock Research

MU

61.16USD-0.18(-0.29%)Market Closed

Market Summary

USD61.16-0.18
Market Closed
-0.29%

MU Alerts

MU Stock Price

MU RSI Chart

MU Valuation

Market Cap

66.7B

Price/Earnings (Trailing)

10.79

Price/Sales (Trailing)

2.46

EV/EBITDA

4.66

Price/Free Cashflow

71.36

MU Price/Sales (Trailing)

MU Profitability

EBT Margin

25.31%

Return on Equity

12.55%

Return on Assets

9.11%

Free Cashflow Yield

1.4%

MU Fundamentals

MU Revenue

Revenue (TTM)

27.2B

Revenue Y/Y

-46.86%

Revenue Q/Q

-38.51%

MU Earnings

Earnings (TTM)

6.2B

Earnings Y/Y

-108.46%

Earnings Q/Q

-113.07%

Price Action

52 Week Range

48.4385.95
(Low)(High)

Last 7 days

8.1%

Last 30 days

7.3%

Last 90 days

21.8%

Trailing 12 Months

-21.5%

MU Financial Health

Current Ratio

3.51

Debt/Equity

0.2

Debt/Cashflow

1.21

MU Investor Care

Dividend Yield

0.69%

Dividend/Share (TTM)

0.42

Buy Backs (1Y)

2.50%

Diluted EPS (TTM)

5.53

Peers (Alternatives to Micron Tech)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
660.4B
27.0B
29.03% -4.80%
151.18
24.48
0.22% -55.21%
265.3B
34.4B
10.41% 2.40%
23.08
7.71
20.74% 70.65%
163.9B
20.0B
5.72% -0.46%
18.73
8.18
9.18% 12.61%
157.9B
23.6B
27.86% -18.73%
119.62
6.69
43.61% -58.25%
121.5B
63.1B
15.27% -41.31%
15.16
1.93
-20.21% -59.66%
22.5B
2.6B
29.03% 165.43%
-509.56
8.59
-10.40% -109.42%
12.4B
660.4M
10.18% 42.15%
69.58
18.85
28.14% 86.49%
MID-CAP
6.3B
7.1B
0.71% 7.91%
8.21
0.89
15.53% 19.10%
4.7B
651.1M
2.26% -14.49%
27.78
7.29
-7.41% 3.92%
SMALL-CAP
873.4M
1.3B
-7.86% -17.34%
12
0.68
16.70% 2.69%
786.5M
1.8B
-3.86% -39.94%
15.11
0.43
8.07% 32.37%
713.1M
794.4M
-3.22% -60.64%
9.01
0.9
9.29% -82.10%
673.0M
134.6M
-8.75% -28.31%
-29.03
5
9.73% -5954.29%
399.2M
337.7M
-4.71% -47.85%
-49.68
1.18
-28.80% -114.17%

Financials for Micron Tech

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue-11.7%27,15630,75832,38931,16929,619
Gross Profit-19.2%11,22613,89815,18814,27912,252
  S&GA Expenses-0.8%1,0581,0661,022988939
  R&D Expenses4.4%3,2533,1162,9822,8792,728
EBITDA-14.5%14,43516,87618,000--
EBITDA Margin-3.1%0.53*0.55*0.56*--
Earnings Before Taxes-28.2%6,8749,57110,9549,7727,898
EBT Margin-18.7%0.25*0.31*0.34*--
Interest Expenses3.2%195189191193180
Net Income-28.8%6,1868,6879,9159,0247,364
Net Income Margin-19.3%0.23*0.28*0.31*--
Free Cahsflow-70.0%9353,1144,819--
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets2.4%67,87466,28365,29663,69661,246
  Current Assets5.2%22,92121,78122,70821,50220,191
    Cash Equivalents15.9%9,5748,2629,1579,1168,763
  Inventory25.5%8,3596,6635,6295,3834,827
  Goodwill0%1,2281,2281,2281,2281,228
Liabilities13.4%18,56816,37616,01515,85115,338
  Current Liabilities-13.5%6,5257,5397,0096,9186,512
  Long Term Debt48.4%10,0946,8036,8566,9536,904
Shareholder's Equity-1.2%49,30649,90749,28147,84545,908
  Retained Earnings-0.8%46,87347,27445,91643,40741,267
  Additional Paid-In Capital1.4%10,33510,1979,9509,8169,564
Shares Outstanding-0.3%1,0911,0941,1051,1181,119
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-19.7%12,18615,18115,28815,01014,439
  Share Based Compensation5.4%542514471436404
Cashflow From Investing1.9%-11,366-11,585-10,295-9,791-9,656
Cashflow From Financing105.5%165-2,980-3,484-2,551-2,080
  Dividend Payments3.0%475461335224112
  Buy Backs-49.6%1,2252,4321,3251,3271,336

Risks for MU

What is the probability of a big loss on MU?

97.7%


Probability that Micron Tech stock will be more than 20% underwater in next one year

54.6%


Probability that Micron Tech stock will be more than 30% underwater in next one year.

30.8%


Probability that Micron Tech stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does MU drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Micron Tech was unfortunately bought at previous high price.

Drawdowns

Returns for MU

Cumulative Returns on MU

20.0%


10-Year Cumulative Returns

28.7%


7-Year Cumulative Returns

2.6%


5-Year Cumulative Returns

12.4%


3-Year Cumulative Returns

What are the long-term rolling returns for MU?

FIve years rolling returns for Micron Tech.

Annualized Returns

Which funds bought or sold MU recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-15
B. Riley Wealth Advisors, Inc.
reduced
-9.67
-182,493
1,696,510
0.05%
2023-03-10
MATHER GROUP, LLC.
sold off
-100
-205,000
-
-%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-2.74
-1,448,200
47,230,800
0.05%
2023-03-07
Great Lakes Retirement, Inc.
new
-
4,096,510
4,096,510
1.05%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-12.87
-7,098,000
47,162,000
0.24%
2023-03-02
LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA
new
-
3,349
3,349
-%
2023-03-02
OLIVER LAGORE VANVALIN INVESTMENT GROUP
reduced
-10.53
-601
3,399
-%
2023-02-28
Voya Investment Management LLC
added
0.15
-595,417,000
268,609,000
0.38%
2023-02-27
Parallax Volatility Advisers, L.P.
unchanged
-
-255
12,745
-%
2023-02-27
HARVEY CAPITAL MANAGEMENT INC
reduced
-35.43
-719,271
1,302,730
0.55%

1–10 of 46

Latest Funds Activity

Are funds buying MU calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own MU
No. of Funds

Micron Tech News

Bloomberg

Marvell to Cut 4% of Workforce in Response to Chip Slowdown.

Bloomberg,
5 days ago

Schedule 13G FIlings of Micron Tech

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2023
capital research global investors
5.9%
64,749,634
SC 13G
Feb 09, 2023
vanguard group inc
8.39%
91,568,443
SC 13G/A
Feb 03, 2023
blackrock inc.
7.9%
86,062,636
SC 13G/A
Mar 11, 2022
blackrock inc.
7.6%
84,819,452
SC 13G/A
Feb 10, 2022
vanguard group inc
7.99%
89,470,520
SC 13G/A
Feb 08, 2022
blackrock inc.
7.6%
84,819,452
SC 13G
Feb 10, 2021
vanguard group inc
7.85%
87,622,245
SC 13G/A
Feb 05, 2021
blackrock inc.
7.5%
84,264,547
SC 13G/A
Feb 12, 2020
primecap management co/ca/
5.03%
55,877,289
SC 13G/A
Feb 12, 2020
vanguard group inc
7.89%
87,715,923
SC 13G/A

MU Fair Value

Micron Tech fair value in different scenarios

The table shows the Fair Value estimates for Micron Tech for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

54.06

-11.61%

77.55

26.80%

125.55

105.28%

183.26

199.64%

235.06

284.34%
Current Inflation

51.18

-16.32%

71.78

17.36%

112.82

84.47%

161.90

164.72%

205.67

236.28%
Very High Inflation

47.55

-22.25%

64.71

5.80%

97.71

59.76%

136.95

123.92%

171.62

180.61%

Historical Micron Tech Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Micron Tech

View All Filings
Date Filed Form Type Document
Mar 24, 2023
4
Insider Trading
Mar 16, 2023
4
Insider Trading
Mar 14, 2023
4
Insider Trading
Feb 13, 2023
SC 13G
Major Ownership Report
Feb 09, 2023
8-K
Current Report
Feb 09, 2023
8-K
Current Report
Feb 09, 2023
SC 13G/A
Major Ownership Report
Feb 08, 2023
424B5
Prospectus Filed
Feb 07, 2023
FWP
Prospectus Filed
Feb 06, 2023
424B5
Prospectus Filed

Latest Insider Trading transactions for MU

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-15
Beard Robert P
acquired
-
-
581
svp, general counsel&secretary
2023-03-15
Beard Robert P
sold (taxes)
-9,551
54.27
-176
svp, general counsel&secretary
2023-03-13
Deboer Scott J
sold
-1,068,000
53.4
-20,000
evp, technology & products
2023-01-30
ARNZEN APRIL S
sold
-1,485,840
61.91
-24,000
svp, chief people officer
2023-01-27
BHATIA MANISH H
sold
-3,164,500
63.29
-50,000
evp, global operations
2023-01-26
Deboer Scott J
sold
-1,244,600
62.23
-20,000
evp, technology & products
2023-01-23
Beard Robert P
sold
-183,750
61.25
-3,000
svp, general counsel&secretary
2023-01-19
ALLEN SCOTT R.
sold (taxes)
-21,586
56.51
-382
cvp, chief accounting officer
2023-01-19
ALLEN SCOTT R.
acquired
-
-
1,077
cvp, chief accounting officer
2023-01-04
Beard Robert P
sold (taxes)
-53,795
50.37
-1,068
svp, general counsel&secretary

1–10 of 50

Sanjay Mehrotra
43000
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.

MU Income Statement

2022-12-01
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Dec. 01, 2022
Dec. 02, 2021
Income Statement [Abstract]  
Revenue$ 4,085$ 7,687
Cost of goods sold3,1924,122
Gross margin8933,565
Research and development849712
Selling, general, and administrative251259
Restructure and asset impairments1338
Other operating (income) expense, net(11)(75)
Operating income (loss)(209)2,631
Interest income8810
Interest expense(51)(45)
Other non-operating income (expense), net(4)(75)
Income (loss) before income taxes, net income (loss) attributable to noncontrolling interests, and equity in net income (loss) of equity method investees(176)2,521
Income tax (provision) benefit(8)(219)
Equity in net income (loss) of equity method investees(11)4
Net income (loss)$ (195)$ 2,306
Earnings (loss) per share  
Basic (in dollars per share)$ (0.18)$ 2.06
Diluted (in dollars per share)$ (0.18)$ 2.04
Number of shares used in per share calculations  
Basic (in shares)1,0901,119
Diluted (in shares)1,0901,130

MU Balance Sheet

2022-12-01
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 01, 2022
Sep. 01, 2022
Assets  
Cash and equivalents$ 9,574$ 8,262
Short-term investments1,0071,069
Receivables3,3185,130
Inventories8,3596,663
Other current assets663657
Total current assets22,92121,781
Long-term marketable investments[1]1,4261,647
Property, plant, and equipment39,33538,549
Operating lease right-of-use assets693678
Intangible assets428421
Deferred tax assets672702
Goodwill1,2281,228
Other noncurrent assets1,1711,277
Total assets67,87466,283
Liabilities and equity  
Accounts payable and accrued expenses5,4386,090
Current debt171103
Other current liabilities9161,346
Total current liabilities6,5257,539
Long-term debt10,0946,803
Noncurrent operating lease liabilities625610
Noncurrent unearned government incentives516589
Other noncurrent liabilities808835
Total liabilities18,56816,376
Commitments and contingencies
Shareholders’ equity  
Common stock, $0.10 par value, 3,000 shares authorized, 1,232 shares issued and 1,091 outstanding (1,226 shares issued and 1,094 outstanding as of September 1, 2022)123123
Additional capital10,33510,197
Retained earnings46,87347,274
Treasury stock, 141 shares held (132 shares as of September 1, 2022)(7,552)(7,127)
Accumulated other comprehensive income (loss)(473)(560)
Total equity49,30649,907
Total liabilities and equity$ 67,874$ 66,283
[1]The maturities of long-term marketable securities primarily range fromone tofour years.