Micron Technology, Inc.

Valuation Analysis

About the Company

Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products in the United States, Taiwan, Japan, Mainland China, Hong Kong, Europe, and internationally. It operates through the Cloud Memory Business Unit; Core Data Center Business Unit; Mobile and Client Business Unit; and Automotive and Embedded Business Unit segments. The company provides memory products, including dynamic random access memory components and modules, CXL-based memory, LPDDR components and modules, graphics memory, high-bandwidth memory, and data center memory products; multichip packages (MCP) comprising embedded multimedia card-based, universal flash storage-based, and NAND-based MCPs; and technology leadership products that include 1y DRAM and G9 NAND technologies. It also offers stor

Micron Technology, Inc. Stock at a Glance

Micron Technology, Inc. (MU) is currently trading at $981.61 with a market capitalization of $1.11T. The trailing P/E ratio stands at 46.3x, with a forward P/E of 8.75x. The 52-week range spans from $103.38 to $1,089.29; the current price is 9.9% below the yearly high. Year-over-year revenue growth stands at +196.3%. The net profit margin stands at 41.49%.

💰 Dividend

Micron Technology, Inc. pays an annual dividend of $0.60 per share, representing a yield of 0.06%. The payout ratio stands at 2.17%.

📊 Analyst Rating

40 analysts rate Micron Technology, Inc. (MU) on consensus: Strong Buy. The average price target is $828.73, implying -15.57% from the current price. Analyst price targets range from $249.00 to $1,750.00.

Micron Technology, Inc.: The Investment Case in Detail

Micron Technology, Inc. (MU) operates in the Technology — specifically Semiconductors — and is headquartered in United States. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.

The Bull Case

Top-line momentum is unusually strong with revenue expanding 196.3% year-over-year, a pace that puts the company well above the market average and signals genuine demand traction rather than mere cyclical tailwind. The combination of a 58.44% gross margin and 67.62% operating margin shows the business converts revenue into profit efficiently — a hallmark of competitive moat. Return on equity of 39.82% places management among the most capital-efficient operators in the public market — every euro of shareholder capital is working hard.

The Bear Case

With a beta near 2.17, the share price moves sharply more than the broader market — drawdowns in market corrections can be unusually severe and require strong nerves. Our valuation screen flags the stock as overvalued — current multiples imply the business needs to deliver well above its recent trajectory to justify the price.

Valuation in Context

With a PEG ratio of 0.34, the price-to-earnings multiple is actually below the company's growth rate — classic value-meets-growth territory that Peter Lynch would have called a 'GARP' opportunity. The EV/EBITDA multiple of 29.98x reflects rich expectations — historically, multiples at this level have proven hard to maintain for more than a few quarters.

What to Watch Next

• The forward P/E of 8.75x is meaningfully below the trailing 46.3x — analysts expect earnings to step up; the next earnings release is the test.

Investment Thesis: Strengths & Weaknesses

Technical Snapshot

Price trades above both the 50- and 200-day moving averages, with 50d above 200d — a classic bullish setup (golden-cross alignment).

Risk Profile

The data points to above-average price swings.

Trading Data

💵 Dividend Info

Related Stocks in the Same Sector

Where can I buy Micron Technology, Inc.?

Compare top-rated brokers — low fees, trusted providers, fully regulated.