Home News Latest Change: Micron Technology (NASDAQ: MU)

Latest Change: Micron Technology (NASDAQ: MU)

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Micron Technology trades as part of the semiconductors industry and is part of the technology sector. 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 2.03% with an open at 53.82 and a close of 54.31. It reached an intraday high of 54.50 and a low of 53.11.

SeekingAlpha:  Samsung Electronics (SSNLF): Three Positive Developments To Unfold In 3Q18

Liquidity:

The stock has a market cap of $63.0b with 1.2b shares outstanding, of which the float is 1.1b shares. Trading volume reached 32,345,224 shares compared to its average volume of 52,664,595 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 -0.31% and in the past 30 trading days it returned -11.48%. Over three months, it changed 13.24%. In one year it has changed 78.07% and within that year its 52-week high was 64.66 and its 52-week low was 26.85. MU stock is 102.27% above its 52 Week Low.

Our calculations show a 200 day moving average of 47.94 and a 50 day moving average of 55.31. Currently MU stock is trading 13.29% above its 200 day moving average.

SeekingAlpha:  Credit Suisse still confident on Micron

Earnings:

The last annual fiscal EPS for the company was reported at 4.36 that ended on 31st of August 2017, which according to the previous close, that is a PE of 12.46. Based on 4 analyst estimates, the consensus EPS for the next quarter is 2.69. The TTM EPS is 8.60, which comes to a TTM PE of 6.32.

The following are the last four quarter reported earnings per share:
05-31-2018:  3.12
02-28-2018:  2.80
11-30-2017:  2.41
08-31-2017:  1.99

Base on our calculations, the intrinsic value per share is 89.17, which means it is possibly undervalued and has a margin of safety of 39.09%

Indicators to Watch:

Based on the latest filings, there is 1.20% of insider ownership and 84.10% of institutional ownership. Short-interest is 50,576,421, which is 4.36% of shares outstanding. The short-interest ratio or days-to-cover ratio is 0.84. This stock has some short interest, but it may be normal and no cause for concern if long the position.

The current calculated beta is 1.63

SeekingAlpha:  Strong Cost Cutting Measures And Increasing Margins Make Micron Technology A Buy

Fundamental Indicators:

Based on last reported financials, the company's return on equity is 54.34%, return on assets is 32.43%, profit margin is 43.37%, price-to-sales is 2.20 and price-to-book is 2.15.

Company Scores:

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