Home News Present Movement: Micron Technology (NASDAQ: MU)

Present Movement: Micron Technology (NASDAQ: MU)

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Micron Technology is part of the technology sector and semiconductors industry. Micron Technology Inc along with its subsidiaries provide memory and storage solutions. Its product portfolio consists of memory and storage technologies such as DRAM, NAND, NOR and 3D XPoint memory.

Previous Intraday Trading Performance:

The MU stock showed a previous change of 0.00% with an open at 61.73 and a close of 61.39. It reached an intraday high of 62.55 and a low of 61.07.

SeekingAlpha:  Nvidia: Growing But Expensive

Liquidity:

The stock has a market cap of $71.2b with 1.2b shares outstanding, of which the float is 1.1b shares. Trading volume reached 42,059,196 shares compared to its average volume of 52,453,309 shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, Micron Technology shares returned 3.33% and in the past 30 trading days it returned 33.51%. Over three months, it changed 3.40%. In one year it has changed 96.76% and within that year its 52-week high was 64.66 and its 52-week low was 26.85. MU stock is 128.64% above its 52 Week Low.

Our calculations show a 200 day moving average of 45.81 and a 50 day moving average of 53.29. Currently MU stock is trading 34.01% above its 200 day moving average.

SeekingAlpha:  Cascend Research: NAND flattish in April, heading for Q4 recovery

Earnings:

The last annual fiscal EPS for the company was reported at 4.36 that ended on 2017-08-31, which according to the previous close, that is a PE of 14.08. Based on 4 analyst estimates, the consensus EPS for the next quarter is 2.12. The TTM EPS is 6.57, which comes to a TTM PE of 9.34.

The following are the last four quarter reported earnings per share:
02-28-2018:  2.80
11-30-2017:  2.41
08-31-2017:  1.99
05-31-2017:  1.40

Base on our calculations, the intrinsic value per share is 83.37, which means it is possibly undervalued and has a margin of safety of 26.36%

Indicators to Watch:

Based on the latest filings, there is 1.20% of insider ownership and 72.70% of institutional ownership. Short-interest is 65,486,073, which is 5.65% of shares outstanding. The short-interest ratio or days-to-cover ratio is 1.66. This stock has a moderate level of short interest, but may still be a buying opportunity depending on other indicators.

The current calculated beta is 1.48

SeekingAlpha:  Micron: The Case For $100

Fundamental Indicators:

Based on last reported financials, the company's return on equity is 50.03%, return on assets is 27.17%, profit margin is 41.19%, price-to-sales is 3.51 and price-to-book is 2.77.

Company Scores:

All scores are out of six:
 4  :Valuation Score
 6  :Past Performance Score
 6  :Financial Strength Score
 1  :Future Growth Score
 0  :Dividend Score
 3  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks. Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.

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