MICRON TECHNOLOGY, INC.

(MU)
  Report
Delayed Nasdaq  -  05/16 04:00:00 pm EDT
70.47 USD   -2.02%
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Micron Technology, Inc. : A good level to buy

05/13/2022 | 02:40am EDT
long trade
Live
Entry price : 69.095$ | Target : 80$ | Stop-loss : 61$ | Potential : 15.78%
The technical support around 66.47 USD emanating from daily closing prices could trigger a technical rebound for Micron Technology, Inc. shares.
Investors have an opportunity to buy the stock and target the $ 80.
Micron Technology, Inc. : Micron Technology, Inc. : A good level to buy
Summary
  • The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.
  • Overall, and from a short-term perspective, the company presents an interesting fundamental situation.
  • The company has a good ESG score relative to its sector, according to Refinitiv.

Strengths
  • The company's earnings per share (EPS) are expected to grow significantly over the next few years according to the consensus of analysts covering the stock.
  • The company's EBITDA/Sales ratio is relatively high and results in high margins before depreciation, amortization and taxes.
  • Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.
  • Thanks to a sound financial situation, the firm has significant leeway for investment.
  • Its low valuation, with P/E ratio at 7.36 and 5.31 for the ongoing fiscal year and 2023 respectively, makes the stock pretty attractive with regard to earnings multiples.
  • Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.
  • Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.
  • Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
  • The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
  • Analyst opinion has improved significantly over the past four months.
  • Historically, the company has been releasing figures that are above expectations.

Weaknesses
  • The company is not the most generous with respect to shareholders' compensation.
  • The price targets of various analysts who make up the consensus differ significantly. This reflects different assessments and/or a difficulty in valuing the company.
Ratings chart
Subsector Other Semiconductors
1st jan.Capitalization (M$)Investor Rating
MICRON TECHNOLOGY, INC.-23.44%80 311
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NVIDIA CORPORATION-39.80%443 361
BROADCOM INC.-11.60%240 167
INTEL CORPORATION-15.34%178 266
TEXAS INSTRUMENTS-9.94%156 523
ADVANCED MICRO DEVICES, INC..-33.90%154 143
QUALCOMM, INC.-26.22%151 122
ANALOG DEVICES, INC.-9.69%83 071
SK HYNIX INC.-15.65%60 346
LONGI GREEN ENERGY TECHNOLO..-21.11%55 629
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Financials (USD)
Sales 2022 33 686 M - -
Net income 2022 10 346 M - -
Net cash 2022 6 253 M - -
P/E ratio 2022 7,90x
Yield 2022 0,58%
Capitalization 80 311 M 80 311 M -
EV / Sales 2022 2,20x
EV / Sales 2023 1,65x
Nbr of Employees 44 000
Free-Float 91,2%
Upcoming event on MICRON TECHNOLOGY, INC.
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 36
Last Close Price 71,92 $
Average target price 110,00 $
Spread / Average Target 52,9%
EPS Revisions
Managers and Directors
Sanjay Mehrotra President, Chief Executive Officer & Director
Mark Joseph Murphy Chief Financial Officer & Executive Vice President
Robert E. Switz Director
Scott J. DeBoer Executive Vice President-Technology Development
Manish Bhatia Executive Vice President-Global Operations