Micron Technology, Inc. (MU) Stock

About Micron Technology, Inc.

Micron Technology, Inc. is a global leader specializing in the development, manufacture, and sale of advanced semiconductor memory and storage solutions. Its operations are structured across four primary business segments: Compute and Networking, Mobile, Storage, and Embedded. The company's product portfolio encompasses a range of memory and data storage technologies. These include high-speed, low-latency Dynamic Random Access Memory (DRAM) components for rapid data retrieval; non-volatile, re-programmable NAND flash storage devices; and fast-read, non-volatile, re-writable NOR memory chips. These innovative solutions are offered under its well-known Micron and Crucial brands, as well as through private label partnerships. Micron's extensive offerings cater to a diverse array of markets and applications. This includes critical infrastructure like cloud servers and enterprise data centers, personal computing (client and graphics), mobile devices such as smartphones, networking equipment, automotive systems, industrial applications, and various consumer electronics. The company utilizes a multi-faceted approach to market its products, employing a direct sales force, independent sales representatives, and a network of distributors and retailers. Additionally, it leverages a web-based direct sales channel and collaborates with various channel and distribution partners. Founded in 1978, Micron Technology, Inc. is headquartered in Boise, Idaho.

Micron Technology, Inc. is led by CEO Sanjay Mehrotra, employs 48,000 people, headquartered in Boise, US, publicly traded since 1984.

Micron Technology, Inc. (MU) stock trades at $739.00 with a market capitalization of $834.62B. The stock is valued at a price-to-earnings (P/E) ratio of 36.23, price-to-book of 11.93, price-to-sales of 19.81. Over the past 52 weeks the stock has ranged between $103.38 and $1254.64, and currently trades 41.1% below its 52-week high. It pays a dividend yielding 0.05%.

On profitability, Micron Technology, Inc. generates a return on equity (ROE) of 39.82% — well above the market average, a sign of a high-quality business, return on capital employed of 18.22%, an operating margin of 48.52%, a net profit margin of 41.49%.

In its most recent fiscal year, Micron Technology, Inc. reported annual revenue of $37.4B, net profit of $8.5B, revenue has compounded at 11.8% a year over the last five years, profit at 26.0% a year. Profit growing faster than revenue points to expanding margins.

The balance sheet shows a debt-to-equity ratio of 0.15 — a conservative balance sheet with little leverage risk, a current ratio of 2.52, total assets of $82.8B, $9.6B in cash and equivalents.

MU has an average daily trading volume of 52,426,362 shares, a beta of 2.17 (more volatile than the overall market).

Official website: www.micron.com