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Micron Technology Inc (MU)

Upturn stock ratingUpturn stock rating
$103
Delayed price
upturn advisory
PASS
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
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Time period over
  • ALL
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Upturn Advisory Summary

03/20/2025: MU (3-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

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Moderate Performance

These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.

AI Based Fundamental Rating

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Moderate Performance

These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.

Analysis of Past Performance

Type Stock
Historic Profit -5.2%
Avg. Invested days 33
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 03/20/2025

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 99.02B USD
Price to earnings Ratio 21.2
1Y Target Price 129.07
Price to earnings Ratio 21.2
1Y Target Price 129.07
Volume (30-day avg) 19668649
Beta 1.23
52 Weeks Range 83.32 - 156.81
Updated Date 04/3/2025
52 Weeks Range 83.32 - 156.81
Updated Date 04/3/2025
Dividends yield (FY) 0.52%
Basic EPS (TTM) 4.18

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date 2025-03-20
When After Market
Estimate 1.28
Actual 1.56

Profitability

Profit Margin 14.92%
Operating Margin (TTM) 22.02%

Management Effectiveness

Return on Assets (TTM) 5.52%
Return on Equity (TTM) 10.1%

Valuation

Trailing PE 21.2
Forward PE 12.97
Enterprise Value 105755837115
Price to Sales(TTM) 3.16
Enterprise Value 105755837115
Price to Sales(TTM) 3.16
Enterprise Value to Revenue 3.38
Enterprise Value to EBITDA 7.19
Shares Outstanding 1117570048
Shares Floating 1113145942
Shares Outstanding 1117570048
Shares Floating 1113145942
Percent Insiders 0.27
Percent Institutions 82.97

Analyst Ratings

Rating 4.46
Target Price 131.16
Buy 8
Strong Buy 25
Buy 8
Strong Buy 25
Hold 5
Sell 1
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

Micron Technology Inc

stock logo

Company Overview

overview logo History and Background

Micron Technology, Inc. was founded in 1978 in Boise, Idaho, by Ward Parkinson, Joe Parkinson, Dennis Wilson, and Doug Pitman. Initially, it was a consulting firm before transitioning to manufacturing memory chips. A significant milestone was becoming a publicly traded company in 1984. Over time, Micron has expanded its product portfolio through acquisitions and innovations in memory and storage technologies.

business area logo Core Business Areas

  • Compute and Networking Business Unit (CNBU): Focuses on memory solutions for client, cloud, and enterprise segments. Products include DRAM modules for servers and PCs.
  • Mobile Business Unit (MBU): Develops memory and storage products for mobile devices, including smartphones and tablets. Primary offerings are LPDRAM and NAND flash memory.
  • Storage Business Unit (SBU): Provides NAND flash-based storage solutions such as SSDs for enterprise, client, and consumer applications.
  • Embedded Business Unit (EBU): Offers memory and storage solutions for automotive, industrial, and consumer electronics applications. Products include DRAM, NAND, and NOR flash memory.

leadership logo Leadership and Structure

Sanjay Mehrotra serves as the Chief Executive Officer. The company is structured into various business units focusing on specific market segments. A board of directors oversees the company's strategic direction and corporate governance.

Top Products and Market Share

overview logo Key Offerings

  • Competitors: Samsung,SK Hynix
  • DRAM (Dynamic Random-Access Memory): DRAM is a volatile memory widely used in computers, servers, and mobile devices. Micron is a leading DRAM manufacturer, competing with Samsung and SK Hynix. Market share fluctuates but is typically around 20-25%.
  • Competitors: Samsung,SK Hynix,Western Digital,Kioxia
  • NAND Flash Memory: NAND flash memory is a non-volatile storage technology used in SSDs, smartphones, and other devices. Micron produces a variety of NAND products. Market share is around 11-15% and is also competing with Samsung and SK Hynix.
  • Competitors: Macronix,Winbond,Cypress Semiconductor
  • NOR Flash Memory: NOR Flash memory is a type of non-volatile memory that provides fast random access and is often used for code storage in embedded systems and other applications.
  • Competitors: Samsung,SK Hynix,Western Digital,Kioxia
  • SSDs (Solid State Drives): Micron produces SSDs for both consumer and enterprise markets, leveraging its NAND flash memory technology. Competing with Samsung, Western Digital, and others.

Market Dynamics

industry overview logo Industry Overview

The memory and storage industry is highly cyclical, influenced by supply and demand dynamics, technology advancements, and macroeconomic conditions. Growth is driven by increasing demand for data storage and processing in areas such as AI, cloud computing, and mobile devices.

Positioning

Micron is a major player in the memory and storage industry, positioned as a technology innovator and manufacturer. The company benefits from its vertically integrated manufacturing capabilities and a strong focus on research and development.

Total Addressable Market (TAM)

The total addressable market for memory and storage is projected to reach hundreds of billions of dollars. Micron is well-positioned to capture a significant share of this market through its diverse product portfolio and technology leadership.

Upturn SWOT Analysis

Strengths

  • Strong technology portfolio in DRAM and NAND
  • Vertically integrated manufacturing
  • Established customer relationships
  • Significant R&D investment
  • Global presence

Weaknesses

  • Susceptibility to cyclical industry conditions
  • High capital expenditure requirements
  • Intense competition
  • Exposure to geopolitical risks
  • Price competition in commoditized memory markets

Opportunities

  • Growing demand for memory in AI and cloud computing
  • Expansion in automotive and industrial markets
  • Development of advanced memory technologies (e.g., 3D NAND)
  • Increased adoption of SSDs
  • Strategic partnerships and acquisitions

Threats

  • Industry oversupply and price declines
  • Technological obsolescence
  • Geopolitical tensions and trade restrictions
  • Competition from low-cost manufacturers
  • Economic downturns affecting demand

Competitors and Market Share

competitor logo Key Competitors

  • Samsung (SMSN.IL)
  • SK Hynix (000660.KS)
  • Western Digital (WDC)
  • Kioxia (Private)

Competitive Landscape

Micron faces intense competition from larger players with significant resources. Its competitive advantages include its technology portfolio and vertically integrated manufacturing.

Major Acquisitions

Numonyx

  • Year: 2010
  • Acquisition Price (USD millions): 1270
  • Strategic Rationale: Expanded Micron's flash memory portfolio, particularly in the NOR flash segment.

Growth Trajectory and Initiatives

Historical Growth: Micron's growth has been cyclical, influenced by memory market conditions and technological advancements.

Future Projections: Analyst projections vary but generally anticipate growth driven by increased demand for memory and storage in key markets.

Recent Initiatives: Micron has invested heavily in advanced memory technologies and expanded its manufacturing capacity.

Summary

Micron is a significant player in the memory and storage industry, benefiting from its technological capabilities and vertical integration. However, the company is susceptible to cyclical market conditions and faces intense competition. Recent initiatives focusing on advanced technologies position Micron for future growth, but it needs to carefully manage its capital expenditures and navigate geopolitical risks.

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Sources and Disclaimers

Data Sources:

  • Company Filings
  • Industry Reports
  • Analyst Estimates

Disclaimers:

The data and analysis provided are for informational purposes only and should not be considered financial advice. Market conditions and company performance are subject to change.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Micron Technology Inc

Exchange NASDAQ
Headquaters Boise, ID, United States
IPO Launch date 1984-06-01
CEO, President & Chairman Mr. Sanjay Mehrotra
Sector Technology
Industry Semiconductors
Full time employees 48000
Full time employees 48000

Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products in the United States, Taiwan, Mainland China, rest of the Asia Pacific, Hong Kong, Japan, Europe, and internationally. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides memory and storage technologies comprising dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; non-volatile and re-writeable semiconductor storage devices; and 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 serves the data center, PC, graphics, networking, automotive, industrial, and consumer embedded markets, as well as for smartphone and other mobile-device 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.

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