Micron Technology is a Top ValuEngine STRONG BUY

For today’s bulletin, we look again at one of our top STRONG BUY stocks, chip manufacturer Micron Technology $MU. We also provide a link to download a FREE STOCK REPORT on the company

VALUATION: Overvalued stocks now make up 57.78% of our stocks assigned a valuation and 20.7% of those equities are calculated to be overvalued by 20% or more. Twelve sectors are calculated to be overvalued.

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Micron Technology, Inc. (MU) has established itself as one of the leading worldwide providers of semiconductor memory solutions. The company’s quality memory solutions serve customers in a variety of industries including computer and computer-peripheral manufacturing, consumer electronics, CAD/CAM, telecommunications, office automation, network and data processing, and graphics display. The company’s mission is to be the most efficient and innovative global provider of semiconductor memory solutions.

When they last reported earnings at the end of June, the company posted a nice beat of estimates. EPS came in at $1.62 vs. $1.51 expected while revenue came in at $5.57 billion vs. $5.41 billion expected. At that time, CEO Sanjay Mehrota said he saw important opportunities moving forward–“the global trends taking shape today, including machine learning and big data analytics, are exciting and create significant opportunities for Micron.”

The firm has been helped recently by lower production costs for its popular DRAM and NAND chips along with higher prices in the markets for their products. They will report their Q3 earnings in early September.

ValuEngine continues its STRONG BUY recommendation on MICRON TECH for 2017-08-08. Based on the information we have gathered and our resulting research, we feel that MICRON TECH has the probability to OUTPERFORM average market performance for the next year. The company exhibits ATTRACTIVE P/E Ratio and Momentum.

You can download a free copy of detailed report on Micron Technology, Inc. (MU) from the link below.


ValuEngine Forecast
1-Month 29.27 1.50%
3-Month 28.14 -2.42%
6-Month 28.36 -1.68%
1-Year 34.07 18.12%
2-Year 27.12 -5.95%
3-Year 25.31 -12.23%
Valuation & Rankings
Valuation 20.93% undervalued Valuation Rank(?) 82
1-M Forecast Return 1.50% 1-M Forecast Return Rank 100
12-M Return 100.00% Momentum Rank(?) 96
Sharpe Ratio 0.74 Sharpe Ratio Rank(?) 83
5-Y Avg Annual Return 30.21% 5-Y Avg Annual Rtn Rank 94
Volatility 40.65% Volatility Rank(?) 40
Expected EPS Growth 61.17% EPS Growth Rank(?) 77
Market Cap (billions) 30.99 Size Rank 96
Trailing P/E Ratio 8.06 Trailing P/E Rank(?) 96
Forward P/E Ratio 5.00 Forward P/E Ratio Rank 97
PEG Ratio 0.13 PEG Ratio Rank 79
Price/Sales 1.78 Price/Sales Rank(?) 52
Market/Book 2.01 Market/Book Rank(?) 54
Beta 1.86 Beta Rank 14
Alpha 0.48 Alpha Rank 94




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