Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products in the United States, Taiwan, Mainland China, rest of the Asia Pacific, Hong Kong, Japan, Europe, and internationally. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides memory and storage technologies comprising dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; non-volatile and re-writeable semiconductor storage devices; and non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels. The company offers serves the data center, PC, graphics, networking, automotive, industrial, and consumer embedded markets, as well as for smartphone and other mobile-device markets. It markets its products through its direct sales force, independent sales representatives, distributors, and retailers; and web-based customer direct sales channel, as well as through channel and distribution partners. Micron Technology, Inc. was founded in 1978 and is headquartered in Boise, Idaho.
Market Outlook | Analysts set price targets ranging from $115 to $175, reflecting optimism about Micron's potential in evolving semiconductor landscape |
Strategic Investments | Explore Micron's $6.1 billion CHIPS Act funding and expansion plans in Singapore, bolstering its advanced DRAM and HBM capabilities |
Financial Resilience | Despite cyclical challenges, Micron maintains strong liquidity with a 3.13 current ratio and projects growth resumption in late fiscal 2025 |
AI Memory Frontie | Micron's High Bandwidth Memory segment doubles revenue, positioning the company as a key player in the $30-35 billion AI-driven market by 2025 |
Metrics to compare | MU | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipMUPeersSector | |
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P/E Ratio | 16.5x | 12.9x | 10.7x | |
PEG Ratio | 0.07 | 0.00 | 0.01 | |
Price / Book | 1.6x | 1.9x | 2.4x | |
Price / LTM Sales | 2.5x | 2.4x | 1.9x | |
Upside (Analyst Target) | 89.0% | 54.4% | 42.8% | |
Fair Value Upside | Unlock | 19.4% | 9.9% | Unlock |