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Also traded in: Austria, Germany, Mexico, Switzerland

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry
vs
history
Cash-to-Debt 0.31
MU's Cash-to-Debt is ranked lower than
81% of the 847 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 1.77 vs. MU: 0.31 )
Ranked among companies with meaningful Cash-to-Debt only.
MU' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05  Med: 0.88 Max: N/A
Current: 0.31
Equity-to-Asset 0.44
MU's Equity-to-Asset is ranked lower than
74% of the 844 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 0.62 vs. MU: 0.44 )
Ranked among companies with meaningful Equity-to-Asset only.
MU' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.4  Med: 0.66 Max: 0.86
Current: 0.44
0.4
0.86
Interest Coverage 2.47
MU's Interest Coverage is ranked lower than
90% of the 662 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 55.60 vs. MU: 2.47 )
Ranked among companies with meaningful Interest Coverage only.
MU' s Interest Coverage Range Over the Past 10 Years
Min: 0.38  Med: 7.11 Max: 8.93
Current: 2.47
0.38
8.93
Piotroski F-Score: 4
Altman Z-Score: 2.13
Beneish M-Score: -2.65
WACC vs ROIC
12.63%
6.54%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry
vs
history
Operating Margin % 9.12
MU's Operating Margin % is ranked higher than
66% of the 844 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 4.69 vs. MU: 9.12 )
Ranked among companies with meaningful Operating Margin % only.
MU' s Operating Margin % Range Over the Past 10 Years
Min: -34.89  Med: 1.98 Max: 18.87
Current: 9.12
-34.89
18.87
Net Margin % 4.68
MU's Net Margin % is ranked higher than
55% of the 843 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 3.63 vs. MU: 4.68 )
Ranked among companies with meaningful Net Margin % only.
MU' s Net Margin % Range Over the Past 10 Years
Min: -39.18  Med: -0.17 Max: 21.81
Current: 4.68
-39.18
21.81
ROE % 5.46
MU's ROE % is ranked higher than
53% of the 826 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 4.52 vs. MU: 5.46 )
Ranked among companies with meaningful ROE % only.
MU' s ROE % Range Over the Past 10 Years
Min: -33.82  Med: -0.12 Max: 30.6
Current: 5.46
-33.82
30.6
ROA % 2.47
MU's ROA % is ranked higher than
50% of the 850 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 2.48 vs. MU: 2.47 )
Ranked among companies with meaningful ROA % only.
MU' s ROA % Range Over the Past 10 Years
Min: -15.12  Med: 0.03 Max: 14.66
Current: 2.47
-15.12
14.66
ROC (Joel Greenblatt) % 8.37
MU's ROC (Joel Greenblatt) % is ranked lower than
52% of the 849 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 9.62 vs. MU: 8.37 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
MU' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -19.21  Med: 4.54 Max: 27.9
Current: 8.37
-19.21
27.9
3-Year Revenue Growth Rate 11.70
MU's 3-Year Revenue Growth Rate is ranked higher than
75% of the 720 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 2.80 vs. MU: 11.70 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
MU' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -21.5  Med: 7.9 Max: 64.5
Current: 11.7
-21.5
64.5
3-Year EBITDA Growth Rate -1.20
MU's 3-Year EBITDA Growth Rate is ranked lower than
61% of the 544 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 5.50 vs. MU: -1.20 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
MU' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -76.3  Med: 16.2 Max: 216
Current: -1.2
-76.3
216
GuruFocus has detected 6 Warning Signs with Micron Technology Inc $MU.
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Guru Trades

Q2 2016

MU Guru Trades in Q2 2016

First Eagle Investment 205,000 sh (New)
RS Investment Management 95,780 sh (New)
Caxton Associates 308,600 sh (New)
John Burbank 39,124 sh (New)
Paul Tudor Jones 172,272 sh (New)
Steven Cohen 332,783 sh (New)
Jim Simons 3,982,800 sh (+1617.46%)
Chris Davis 32,055 sh (+66.09%)
Richard Snow 587,710 sh (+57.73%)
Pioneer Investments 2,761,757 sh (+19.43%)
Donald Smith 15,249,832 sh (+4.30%)
PRIMECAP Management 59,025,600 sh (+3.29%)
Jerome Dodson 2,300,000 sh (+2.20%)
Paul Singer 3,500,000 sh (unchged)
Ray Dalio Sold Out
» More
Q3 2016

MU Guru Trades in Q3 2016

Ken Heebner 3,560,000 sh (New)
Stanley Druckenmiller 927,200 sh (New)
NWQ Managers 12,636 sh (New)
Signature Select Canadian Fund 732,000 sh (New)
Steven Cohen 2,829,900 sh (+750.37%)
Pioneer Investments 3,133,067 sh (+13.44%)
PRIMECAP Management 62,133,100 sh (+5.26%)
Jerome Dodson 2,300,000 sh (unchged)
First Eagle Investment 205,000 sh (unchged)
Chris Davis 32,055 sh (unchged)
Louis Moore Bacon 200,000 sh (unchged)
Paul Singer 4,060,000 sh (unchged)
John Burbank Sold Out
Donald Smith 15,248,006 sh (-0.01%)
Caxton Associates 228,200 sh (-26.05%)
Paul Tudor Jones 99,910 sh (-42.00%)
Richard Snow 121,050 sh (-79.40%)
Jim Simons 52,300 sh (-98.69%)
» More
Q4 2016

MU Guru Trades in Q4 2016

Jeremy Grantham 9,900 sh (New)
David Tepper 3,250,000 sh (New)
Jim Simons 844,736 sh (+1515.17%)
Steven Cohen 5,042,400 sh (+78.18%)
Caxton Associates 342,475 sh (+50.08%)
Chris Davis 32,055 sh (unchged)
Paul Singer 780,000 sh (unchged)
NWQ Managers 12,636 sh (unchged)
First Eagle Investment Sold Out
Richard Snow Sold Out
Stanley Druckenmiller Sold Out
PRIMECAP Management 62,122,100 sh (-0.02%)
Donald Smith 14,779,020 sh (-3.08%)
Jerome Dodson 2,000,000 sh (-13.04%)
Ken Heebner 3,060,000 sh (-14.04%)
Paul Tudor Jones 23,914 sh (-76.06%)
Pioneer Investments 616,386 sh (-80.33%)
» More
Q1 2017

MU Guru Trades in Q1 2017

John Hussman 200,000 sh (New)
Ray Dalio 405,342 sh (New)
David Einhorn 1,600,000 sh (New)
Jeremy Grantham 670,400 sh (+6671.72%)
Paul Tudor Jones 100,969 sh (+322.22%)
David Tepper 6,690,000 sh (+105.85%)
Caxton Associates 472,542 sh (+37.98%)
Pioneer Investments 650,097 sh (+5.47%)
PRIMECAP Management 62,155,800 sh (+0.05%)
NWQ Managers 12,636 sh (unchged)
Jim Simons Sold Out
Donald Smith 13,782,244 sh (-6.74%)
Ken Heebner 2,630,000 sh (-14.05%)
Chris Davis 16,028 sh (-50.00%)
Steven Cohen 1,444,200 sh (-71.36%)
Jerome Dodson 100,000 sh (-95.00%)
» More
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Business Description

Industry: Semiconductors » Semiconductor Memory    NAICS: 334413    SIC: 3674
Compare:NAS:RMBS, NAS:MRAM, OTCPK:AZKLF, NAS:IOTS, NAS:NLST, NAS:LEDS » details
Traded in other countries:MU.Austria, MTE.Germany, MU.Mexico, MU.Switzerland,
Headquarter Location:USA
Micron Technology Inc and its subsidiaries manufactures semiconductor systems. The Company's products include DRAM, NAND Flash, and NOR Flash, is the basis for solid-state drives, modules, multi-chip packages, and other system solutions.

Micron Technology has historically focused on providing dynamic random-access memory for PCs and servers. The firm has expanded into the NAND flash memory market over the past decade. It has also gained a meaningful presence in the NOR flash market with its 2010 Numonyx acquisition and is increasing its DRAM scale with the purchase of Elpida (completed in mid-2013) and Inotera (completed in December 2016).

Guru Investment Theses on Micron Technology Inc

Jerome Dodson Comments on Micron Technology - Apr 26, 2017

Micron Technology (NASDAQ:MU) was the Fund’s best performer for an impressive fourth consecutive quarter, adding 67 basis points to the return, as its stock soared 31.8% from $21.92 to $28.90. Micron makes two kinds of memory chips, DRAMs (dynamic random access memory) and NAND flash. Prices for both memory chips continue to rise, and the company expects its earnings to reach an all-time high next quarter. Micron has worked hard to move down the cost curve and qualify its products for higher-value uses, which has led to an amazing increase in earnings per share, from a loss of $0.05 only three quarters ago to next quarter’s forecasted gain of $1.50.

Jerome Dodson (Trades, Portfolio)'s first quarter 2017 Parnassus Funds commentary.

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Jerome Dodson Comments on Micron Technology - Jan 25, 2017

Micron Technology (NASDAQ:MU) was right on Applied Materials’ heels, adding an amazing 215 basis points to the Fund’s return, as the stock raced higher by 54.8%, from $14.16 to $21.92. It was a rollercoaster year for Micron, as prices of its main product, dynamic random access memory semiconductor chips (also known as DRAMS), were falling sharply to begin the year. DRAM chips are commodities, and their pricing is volatile, going up sharply when demand exceeds supply and dropping suddenly when the balance tilts in the other direction. We invested because production capacity growth had slowed below demand, and we were confident that DRAM prices would eventually rise. Sure enough, in the second half of the year DRAM prices rose sharply, and we’re enjoying the upside.



From the Parnassus Fund fourth quarter 2016 commentary.



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Jerome Dodson Comments on Micron Technology - Nov 01, 2016

Micron Technology (NASDAQ:MU) was the Fund’s best performer for the second consecutive quarter, adding 119 basis points to the Fund’s return, as its stock soared 29.2% from $13.76 to $17.78. Micron makes semiconductor memory chips, and its stock climbed higher as prices for dynamic random access memory (also known as DRAM) continued to rise, spurred by a recovery in demand for personal computers and strong smartphone growth. Since production capacity is growing at a slower rate than demand, we think DRAM prices have further to run, so we’re holding onto the stock.



From Jerome Dodson (Trades, Portfolio)'s Parnassus Fund third-quarter 2016 commentary.

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Jerome Dodson Comments on Micron Technology - Jul 26, 2016

Our biggest winner was Micron Technology (NASDAQ:MU), which boosted the Fund’s return by 101 basis points, as its stock rose 31.4% from $10.47 to $13.76. Micron makes semiconductor memory chips, and its stock jumped as prices for dynamic random access memory (also known as DRAM) increased in June for the first time in two years. Just last quarter, Micron was our biggest loser, as DRAM prices continued their fall and investors fretted that there was no end in sight. Since production capacity is growing at a slower rate than demand, we were confident DRAM prices would eventually stabilize, but we didn’t know precisely when. While we were early with our initial investment, we added to our position on the weakness, and we’re happy our conviction is beginning to pay off. We expect demand growth to continue as computing becomes even more integral to the global economy, which should push Micron’s earnings, and its stock, higher.


From Jerome Dodson (Trades, Portfolio)'s Parnassus Fund second quarter 2016 commentary.

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Parnassus Fund Comments on Micron Technology - May 09, 2016

Micron Technology (NASDAQ:MU) was our worst performer, as its stock fell 26.1% from $14.16 to $10.47 and reduced the return by 114 basis points. Micron makes semiconductor memory chips, and its stock fell after weaker-than-expected demand for personal computers caused memory chip prices—and Micron’s earnings—to decline. This issue has been affecting the company for over a year now, and the stock has fallen dramatically from its peak of $36.49 in December of 2014. We don’t know precisely when memory chip prices will stabilize, but we’re confident they eventually will. Memory chips benefit from the long-term trends of increasing smartphone penetration in emerging markets; the proliferation of Internet-connected devices, such as watches, cars and industrial machines; and the rapid growth of data centers. Micron is now trading below its book value of $11.80, and we took advantage of the deeply discounted price to add to our position.



From the Parnassus Fund first quarter 2016 shareholder letter.



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David Einhorn Comments on Micron Technology - Jan 19, 2016

MU (NASDAQ:MU) was our biggest winner in 2014 and our biggest loser in 2015. We have written a lotabout it and have exited the position. When all the dust settled, our average purchase was at$19.93 and our average sale was at $22.14, generating an IRR of 14%. The coulda-woulda-shoulda perspective that this was a disaster is belied by the overall decent return we made onthe investment.

From David Einhorn (Trades, Portfolio)'s Green Light Capital fourth quarter 2015 shareholder letter.

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David Einhorn Comments on Micron Technology - Nov 19, 2015

Micron Technology (NASDAQ:MU) was our biggest winner in 2014. Unfortunately, we overstayed our welcome and gave back much of those gains this year. The shares peaked at over $36 last December before collapsing to $14.98 on Sept. 30. Our thesis has been that Micron Technology’s primary product, DRAM, has consolidated to three players, who are likely to create more industry profits compared to when DRAM production was highly fragmented.

The problem is that structural industry improvement doesn’t make DRAM less cyclical. The large capital requirements force participants to make large investments in anticipation of future demand. If the industry overestimates demand, it still makes sense to operate at full capacity and oversupply ensues. This year, demand came up short, DRAM prices collapsed, and despite our concerns about PC demand, we missed the turn of the cycle. Those PC demand worries led us to sell LAM Research and Marvell Technology at good prices prior to a sell-off in each security and we shorted (and subsequently covered) Best Buy (NYSE:BBY), IBM (NYSE:IBM) and Intel (NASDAQ:INTC). Although all of these moves helped, we underestimated the extent of Micron Technology’s exposure to the PC demand shortfall.

Micron Technology’s other business is flash memory or NAND. We anticipated a significant recovery in NAND this year that failed to materialize. Micron Technology is set to earn far less than we expected, and earnings will remain low until supply and demand come into balance.

Two other problems with our thesis have emerged. First, the Chinese have expressed interest in getting into DRAM. Our prior view was that the consolidated industry would not face new entrants. While the Chinese threat is distant, we judge it relevant. Second, Micron Technology announced a much more aggressive capital spending plan for NAND than we envisioned. While management believes that the extra investment will generate adequate returns, we are unconvinced. With separate problems clouding both the short term and long term, we determined that there is enough risk to the thesis to reduce the position. The three large problem positions tell only a part of the portfolio story. The trouble started toward the end of the second quarter. In early June we were up a little for the year, which wasn’t exciting, but we were about even with the market. We had noted it was hard to find things to buy. Then, between June 4 and Aug. 18, we lost more than 14% (41 losing days and 13 winning days) in a flat market. It was a period when cheap stocks got cheaper and expensive stocks became ever dearer.

Notably, we suffered most of our losses prior to the market decline that commenced in late August. As the market fell, our portfolio performed only slightly worse than we would have expected. Our shorts fell almost as much as our longs and we lost only a little more than our net exposure during the correction.

The following table provides additional detail of what happened starting on June 4:

As both the environment and our performance have been challenging, we decided to try to swing a little less hard so we reduced our gross exposure by about 30 points during the quarter. At the same time, we decided not to give up on promising investments. We looked at the entire portfolio and added, held, trimmed or exited depending on the strength of our thesis in conjunction with changing market prices. With the market and our long book cheaper, we decided to modestly increase our net long exposure with most of the change coming from short covering.

In addition to reunderwriting the existing portfolio, we also found two medium-sized new long ideas.





From David Einhorn (Trades, Portfolio)'s third quarter 2015 Greenlight Capital shareholder commentary.

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David Einhorn Continues to Add Micron Technology to His Position - Should You? - Sep 16, 2015

Let's take a look at Micron Technology Inc. (NASDAQ:MU), a $27.18 billion market cap company, which provides semiconductor solutions worldwide. The stock delivers a negative return of more than 52% on a year-to-date basis. This crash is alarming for me, but it seems that some hedge fund managers take the opposite direction. Perhaps the reason behind this bullish sentiment is the fact that the stock has outperformed the market in 2013 and 2014.





Bullish sentiment



The two largest investors as of the end of the second quarter of 2015 were David Einhorn (Trades, Portfolio)´s Greenlight Capital and Seth Klarman (Trades, Portfolio)´s Baupost Group.



Although the stock plummeted 30.5% in the second quarter, Einhorn has increased the stake by 14% in the quarter to 37.95 million shares, the value of the stake amounts to $714.97 million.



The second largest shareholder of the company is Seth Klarman (Trades, Portfolio), who maintains his position intact, with 19.7 million shares, valued at $371.26 billion, held as of the end of the Q2 2015.



DRAM market



Micron is a commodity producer of DRAM, but it is transforming into a producer of more high-end products. Despite this, the firm should benefit from a higher demand in mobile DRAM. Although, we believe in mobile DRAM opportunities for the future, the company´s earnings volatility is still high. But according to its valuation metrics, the stock is undervalued. It sells at a trailing P/E of 5.5x, trading at a discount compared to an average of 17.5x for the industry. To use another metric, its price-to-book ratio of 1.43x indicates a discount versus the industry average of 1.45x while the price-to-sales ratio of 1.17x is below the industry average of 1.31x. We must mention that the forward P/E is higher than trailing P/E, which means that the earnings are in decline.



Earnings volatility



Looking at profitability, revenues decreased by 3.24% and led earnings per share declined by 38% in the second quarter compared to the same quarter a year ago (42 cents vs. 68 cents). During the past fiscal year, the company increased its bottom line. It earned $2.55 versus $1.00 in the previous year. This year, Wall Street expects an improvement in earnings ($2.67 versus $2.55).



Final comment



We still believe the company has revenue growth potential using the correct technology while reducing the cost per bit. At current levels, Micron seems to be a nice bet, but the company faces the risk of lower-than-expected sales of computers or the incapacity of making the cost reductions.



Disclosure: Omar Venerio holds no position in any stocks mentioned



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Top Ranked Articles about Micron Technology Inc

Micron Accelerates All-Flash Storage Speed, Performance and Value with New Flexible Petabyte-Scale Enterprise Data Center Solution
Micron Unleashes the Full Power of NVMe Storage, Unlocking Unused Capacity and Performance
Micron Appoints Sanjay Mehrotra as President and Chief Executive Officer
Jerome Dodson Comments on Micron Technology Guru stock highlight
Micron Technology (NASDAQ:MU) was the Fund’s best performer for an impressive fourth consecutive quarter, adding 67 basis points to the return, as its stock soared 31.8% from $21.92 to $28.90. Micron makes two kinds of memory chips, DRAMs (dynamic random access memory) and NAND flash. Prices for both memory chips continue to rise, and the company expects its earnings to reach an all-time high next quarter. Micron has worked hard to move down the cost curve and qualify its products for higher-value uses, which has led to an amazing increase in earnings per share, from a loss of $0.05 only three quarters ago to next quarter’s forecasted gain of $1.50. Read more...
Micron and Microsoft Announce Collaboration to Help Improve Internet of Things Security
Live Webcast of the Micron Summit to Provide Latest Enterprise Storage Insights from Industry Experts
Micron Announces Early Tender Results
Micron Announces Cash Tender Offers for up to $1 Billion Aggregate Purchase Price of Non-Convertible Senior Notes

BOISE, Idaho, March 27, 2017 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (NASDAQ:MU), (the “Company” or “Micron”) today announced that it has commenced tender offers (the "Tender Offers") to purchase the Company’s senior notes listed in the table below (collectively, the "Notes") for cash in the maximum aggregate principal amount (the “Aggregate Maximum Tender Amount”) that will not result in an Aggregate Purchase Price (as defined below) that exceeds $1,000,000,000.  The Company refers to the aggregate amount that all holders of the Notes are entitled to receive, excluding accrued interest, for their Notes that are accepted for purchase by the Company as the “Aggregate Purchase Price”. 
The terms and conditions of the Tender Offers are described in the Company’s Offer to Purchase, dated March 27, 2017 (the "Offer to Purchase"), and the related Letter of Transmittal.  The Tender Offers are intended to lower the Company’s overall interest expense and decrease leverage.  The Tender Offers will be funded by the Company from available cash on hand. The following table summarizes the material pricing terms for the Tender Offers:        Dollars per $1,000 principal amount of NotesTitle of Notes CUSIP/ISIN
numbers Aggregate
principal
amount
outstandingAcceptance
Priority
Level Tender
Offer
ConsiderationEarly
Tender
PremiumTotal
Consideration(1)5.625% Senior
Notes due 2026 144A: 595112BG7 / US595112BG70
Reg. S: U5933LAE1 / USU5933LAE12 $450,000,000 1 $1023.75 $30.00 $1053.75                 5.500% Senior
Notes due 2025 Unrestricted: 595112BC6 / US595112BC66 $1,150,000,000 2 $1020.00 $30.00 $1050.00                 5.250% Senior
Notes due 2024 144A: 595112BF9 / US595112BF97
Reg. S: U5933LAD3 / USU5933LAD39 $550,000,000 3 $1017.50 $30.00 $1047.50                 5.250% Senior
Notes due 2023 144A: 595112BD4 / US595112BD40
Reg. S: U5933LAC5 / USU5933LAC55 $1,000,000,000 4 $1015.00 $30.00 $1045.00                 5.875% Senior
Notes due 2022 Unrestricted: 595112BA0 / US595112BA01 $600,000,000 5 $1014.06 $30.00 $1044.06 (1)        Includes the Early Tender Premium.  
Purchases of Notes pursuant to the Tender Offers will be made in accordance with the Acceptance Priority Level for each series of Notes as set forth in the table above (with 1 being the highest Acceptance Priority Level and 5 being the lowest Acceptance Priority Level) and may be prorated as set forth in the Offer to Purchase. The Tender Offers will each expire at 11:59 p.m., New York City time, on April 24, 2017, unless extended (such date and time, as it may be extended, the “Expiration Date”) or earlier terminated by the Company in accordance with the terms of the Offer to Purchase.  No tenders submitted after the Expiration Date will be valid. Tendered Notes may be validly withdrawn from the applicable Tender Offer at or prior to, but not after, 5:00 p.m., New York City time, on April 7, 2017 (such date and time, as it may be extended, the “Withdrawal Deadline”), unless otherwise required by law.  Holders who tender their Notes after the Withdrawal Deadline, but prior to the Expiration Date, may not withdraw their tendered Notes. Subject to the terms and conditions of the Tender Offers, Holders who validly tender, and do not validly withdraw prior to the Withdrawal Deadline, their Notes at or prior to 11:59 p.m., New York City time, on the Expiration Date, and whose Notes are accepted for purchase, will receive the Tender Offer Consideration amount set forth in the table above for each $1,000 principal amount of Notes purchased pursuant to the Tender Offers (the “Tender Offer Consideration”), plus accrued and unpaid interest up to, but excluding, the date of payment for the Notes accepted for payment.  Furthermore, Holders who validly tender, and do not validly withdraw prior to the Withdrawal Deadline, their Notes pursuant to the applicable Tender Offer at or prior to 5:00 P.M., New York City time, on April 7, 2017 (the “Early Tender Date”), and whose Notes are accepted for purchase, will receive the Early Tender Premium amount set forth in the table above for each $1,000 principal amount of Notes purchased pursuant to the Tender Offers (the “Early Tender Premium”) in addition to the Tender Offer Consideration (the Tender Offer Consideration, together with any Early Tender Premium, the “Total Consideration”), in the amount set forth in the table above for each $1,000 principal amount of Notes purchased pursuant to the Tender Offers. Holders of Notes tendering their Notes after the Early Tender Date will not be eligible to receive the Early Tender Premium. The Company reserves the right, but is under no obligation, to increase the Aggregate Maximum Tender Amount at any time without extending the Early Tender Date or the Withdrawal Deadline or otherwise reinstating withdrawal rights for any Tender Offer, subject to applicable law, which could result in the Company's purchasing a greater amount of Notes in the Tender Offers.  The Company cannot assure Holders that it will increase the Aggregate Maximum Tender Amount and if the Company increases the Aggregate Maximum Tender Amount, it does not expect to extend the Withdrawal Deadline or otherwise modify any rights to withdraw Notes previously tendered, except as required by law. The Company reserves the right, but is under no obligation, subject to the satisfaction or waiver of the conditions to the Tender Offers, to accept for purchase any Notes validly tendered and not validly withdrawn at or prior to the Early Tender Date, at any point following the Early Tender Date and before the Expiration Date (the “Early Settlement Date”), subject to the Acceptance Priority Levels and the Aggregate Maximum Tender Amount.  The Early Settlement Date will be determined at the Company’s option and, if it occurs, is currently expected to occur on April 10, 2017, subject to all conditions to the Tender Offers having been either satisfied or waived by the Company.  If the Company elects to have an Early Settlement Date, it will accept Notes validly tendered at or prior to the Early Tender Date, subject to the Aggregate Maximum Tender Amount, the Acceptance Priority Levels and proration, each as described in the Offer to Purchase.   Irrespective of whether the Company chooses to exercise the Company’s option to have an Early Settlement Date, it will purchase any remaining Notes that have been validly tendered and not validly withdrawn at or prior to the Expiration Date and that the Company accepts for purchase in accordance with the terms of the Tender Offers, including the Aggregate Maximum Tender Amount, the Acceptance Priority Levels and proration, each as described in the Offer to Purchase, promptly following the Expiration Date, subject to all conditions to the Tender Offers having been either satisfied or waived by the Company (the “Final Settlement Date”).  The Final Settlement Date is expected to occur on the first business day following the Expiration Date.  Notes accepted on the Final Settlement Date, if any, will be accepted subject to the Aggregate Maximum Tender Amount, the Acceptance Priority Levels and proration, each as described in the Offer to Purchase. Subject to the Aggregate Maximum Tender Amount and proration, the Notes accepted for payment will be accepted in accordance with their Acceptance Priority Levels set forth in the table above (with 1 being the highest Acceptance Priority Level and 5 being the lowest Acceptance Priority Level).  All Notes tendered at or before the Early Tender Date will be accepted for purchase in priority to other Notes tendered after the Early Tender Date, even if such Notes tendered after the Early Tender Date have a higher Acceptance Priority Level than Notes tendered prior to the Early Tender Date. The amount of Notes that are purchased in the Tender Offers is subject to the Aggregate Maximum Tender Amount.  If the principal amount of Notes validly tendered and not validly withdrawn exceeds the Aggregate Maximum Tender Amount, the Notes will be prorated based on the aggregate principal amount of Notes tendered in the Tender Offers, subject to the Acceptance Priority Levels set forth in the table above.  If the aggregate principal amount of Notes validly tendered at or before the Early Tender Date exceeds the Aggregate Maximum Tender Amount, the Company will not accept for purchase any Notes tendered after the Early Tender Date. Full details of the terms and conditions of the Tender Offers are described in the Offer to Purchase and related Letter of Transmittal, which are being sent by the Company to holders of the Notes. Holders of the Notes are encouraged to read these documents, as they contain important information regarding the Tender Offers. The Company has retained Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC to act as the dealer managers for the Tender Offers and D.F. King & Co., Inc. as the Tender Agent and Information Agent for the Tender Offers.  Questions regarding the Tender Offers may be directed to Credit Suisse Securities (USA) LLC toll-free at (800) 820-1653 and J.P. Morgan Securities LLC toll-free at (866) 834-4666, collectively, the Dealer Managers, or D.F. King & Co., Inc., the Information Agent for the Tender Offers, at (212) 269-5550 (collect), (877) 297-1746 (toll-free) or email [email protected].  Requests for additional copies of this Offer to Purchase or the Letter of Transmittal should be directed to the Information Agent at the phone number above. None of the Company, its board of directors, the dealer managers, the tender agent and information agent or the trustee with respect to the Notes is making any recommendation as to whether holders should tender any Notes in response to the Tender Offers. Holders must make their own decisions as to whether to participate in the Tender Offers, and, if so, the principal amount of Notes to tender. The Tender Offers are only being made pursuant to the Offer to Purchase and the related Letter of Transmittal. This press release is neither an offer to purchase nor a solicitation of an offer to sell any Notes in the Tender Offer. The Tender Offers are not being made to, nor will Notes be accepted for purchase from or on behalf of, holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities or other laws of such jurisdiction. In any jurisdiction in which the Tender Offers are required to be made by a licensed broker or dealer, the Tender Offers will be deemed to be made on behalf of the Company by one or more registered brokers or dealers that are licensed under the laws of such jurisdiction. About Micron
Micron Technology is a world leader in innovative memory solutions. Through our global brands — Micron, Crucial®, Lexar® and Ballistix® — our broad portfolio of high-performance memory technologies, including DRAM, NAND, NOR Flash and 3D XPoint™ memory, is transforming how the world uses information. Backed by more than 35 years of technology leadership, Micron's memory solutions enable the world's most innovative computing, consumer, enterprise storage, data center, mobile, embedded, and automotive applications. Micron's common stock is traded on the Nasdaq under the MU symbol. To learn more about Micron Technology, Inc., visit micron.com. Micron and the Micron orbit logo are trademarks of Micron Technology, Inc. All other trademarks are the property of their respective owners. This press release contains forward-looking statements regarding future events that involve risks and uncertainties, including statements related to the expected settlement date of the Tender Offers. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially, including the risks related to the acceptance of any tendered Notes, the expiration and settlement of the Tender Offers, the satisfaction of conditions to the Tender Offers, whether the Tender Offers will be consummated in accordance with the terms set forth in the Offer to Purchase or at all and the timing of any of the foregoing as well as other risks and uncertainties identified in our most recent Form 10-K and Form 10-Q filed with the Securities and Exchange Commission. The forward-looking statements speak only as of the date of this report and undue reliance should not be placed on these statements. The Company disclaims any obligation to update any forward-looking statements as a result of new information, future events or otherwise.
Contacts:
Liz Morali
Investor Relations
[email protected]
(208) 363-2231

Marc Musgrove
Media Relations
[email protected]
(208) 363-2405

Read more...
Lexar Announces New Durable JumpDrive Tough for Intense Conditions

New JumpDrive USB Flash Drive Combines a Rugged Yet Stylish Look with Secure, High-Speed Performance

Key Messages:
Rugged and durable design created to withstand tough conditions such as impact, pressure, weather, and waterQuickly and securely transfer photos, videos, and files with speeds up to 150MB/s read and 60MB/s write*USB 3.1 compatible, backwards compatible with USB 3.0 and 2.0 devicesAvailable in 32GB, 64GB, and 128GB capacities Multimedia Elements: Lexar Image GalleryLexar JumpDrive Tough Product Information MILPITAS, Calif., March 22, 2017 (GLOBE NEWSWIRE) -- Lexar, a leading global brand of flash memory products, today announced the Lexar® JumpDrive® Tough, a high-performance JumpDrive USB flash drive created to withstand life’s challenges, all while protecting the contents of your drive through an advanced security software.   A fast and secure offering in the JumpDrive USB flash drive performance lineup, the JumpDrive Tough combines a rugged yet stylish look with secure, high-speed performance. This stylish, lightweight drive is impact/pressure (up to 750 PSI), weather (-13°F to 300°F), and water (up to 98 feet) resistant. The drive comes equipped with EncryptStick™ Lite software, an advanced security solution with 256-bit AES encryption that helps to securely protect files against corruption, loss and deletion. This tough USB 3.1 flash drive allows users to securely transfer photos, videos, and files with speeds up to 150MB/s read and 60MB/s write.* Users can quickly transfer a 3GB HD video clip in less than 1 minute, compared to the 4 minutes it takes using a standard USB 2.0 drive.** For added versatility, the drive is also backwards compatible with USB 3.0 and 2.0 devices. “Tough conditions have met their match with the Lexar JumpDrive Tough,” said Yeon Kim, product marketing manager, Lexar. “From accident-prone kids to adventure enthusiasts, users can rest assured that their content stays safe and protected even in the most intense conditions. So whether you work or play in harsh conditions, push your devices to the limit, or just want to protect against the bumps and bruises of everyday life, it’s got you covered.” The Lexar JumpDrive Tough USB 3.1 flash drive is compatible with PC and Mac® systems, backwards compatible with USB 3.0 and 2.0 devices and comes with a three-year limited warranty. Furthermore, all Lexar product designs undergo extensive testing in the Lexar Quality Labs to ensure performance, quality, compatibility, and reliability with more than 1,200 digital devices. The new Lexar JumpDrive Tough is available now at MSRPs of $19.99 (32GB), $34.99 (64GB), and $59.99 (128GB). For more information, visit www.lexar.com. Follow us online!
Twitter: https://twitter.com/LexarMemory
YouTube™: www.youtube.com/c/LexarMemory
Facebook: www.facebook.com/LexarMemory
Instagram: https://instagram.com/LexarMemory About Lexar
Lexar is a global brand of Micron Consumer Products Group, Inc., a subsidiary of Micron Technology, Inc., one of the largest memory manufacturers in the world. Lexar products include industry-leading memory cards for photography and video, card readers, storage drives, high-performance USB flash drives, and memory cards for mobile devices. Lexar products are available worldwide at major retail and e-tail stores, and at www.lexar.com. For more information or support, visit www.lexar.com. Lexar. When Memory Matters.® About Micron
Micron Technology is a world leader in innovative memory solutions. Through our global brands – Micron, Crucial®, Lexar® and Ballistix® - our broad portfolio of high-performance memory technologies, including DRAM, NAND, NOR Flash and 3D XPoint™ memory, is transforming how the world uses information.   Backed by more than 35 years of technology leadership, Micron’s memory solutions enable the world’s most innovative computing, consumer, enterprise storage, data center, mobile, embedded, and automotive applications.  Micron’s common stock is traded on the Nasdaq under the MU symbol. To learn more about Micron Technology, Inc., visit micron.com. The Micron logo and Micron symbol are trademarks of Micron Technology, Inc. All other trademarks are the property of their respective owners.
--------------------------------------------------------------------------------
*Up to 150MB/s read transfer, write speeds lower. Speeds based on internal testing. Actual performance may vary.
**Based on 64GB capacity. 3.2GB video, HD [email protected] (46 Mbps) video. [Notes:]
Impact/pressure, temperature (storage), and water resistance specifications based on internal testing with included cap on. Actual performance may vary. Security safeguards, by their nature, are capable of circumvention. Lexar does not guarantee data will be 100% secure from unauthorized access, alteration, or destruction. The latest USB driver is recommended for best performance. Contact your device manufacturer to ensure compatibility before installing. Some of the listed storage capacity is used for formatting and other purposes and is not available for data storage. 1GB equals 1 billion bytes. For more information, go to www.lexar.com/capacity. ©2017 Micron Consumer Products Group, Inc. All rights reserved. Information, products, and/or specifications are subject to change without notice. Neither Lexar nor Micron Technology, Inc. is responsible for omissions or errors in typography or photography. Lexar, the Lexar logo, and JumpDrive are trademarks of Micron Consumer Products Group, Inc. Micron, the Micron logo, and When Memory Matters are trademarks of Micron Technology, Inc. EncryptStick is a trademark of ENC Security Systems, Inc. Mac is a trademark of Apple Inc., registered in the U.S. and other countries. All other trademarks are the property of their respective owners. Micron Consumer Products Group, Inc. is a subsidiary of Micron Technology, Inc. Micron Consumer Products Group, Inc. 590 Alder Drive, Milpitas CA 95035
Media Contact:
Laurent Decosse
Lewis Pulse
Phone: 1 415 432 2457
[email protected]
www.lexar.com


Read more...
Micron to Establish its Center of Excellence for DRAM in Taiwan

The newly acquired Cando Corporation assets will allow Micron to centralize fabrication and back-end in a single location

TAIPEI, Taiwan, March 21, 2017 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (NASDAQ:MU), a global leader in advanced semiconductor systems, today announced that on March 14 it successfully won the auction for Cando Corporation assets, which will be utilized in establishing a back-end site for Micron Taiwan. Micron has now completed the title acquisition process for the new site.
The acquisition includes the cleanroom and tools that are adjacent to Micron’s existing Taichung fab, bringing the company’s fabrication and back-end together in one location. The new site will be focused on establishing a centralized back-end operation. “This marks a significant step in our plan to create a center of excellence for leading-edge DRAM in Taiwan,” said Wayne Allan, VP, Global Manufacturing. “Bringing fabrication and back end together, all in one location, builds an efficient support structure for end-to-end manufacturing with quicker cycle times that benefit our business and customers.” The new back-end site is expected to begin production in August, and the new integrated center of excellence is expected to bring greater operational cost efficiency that will benefit Micron’s DRAM business on a global scale. These cost efficiencies are part of the overall US$500 million of ongoing operational enhancement opportunities cited at the company’s 2017 analyst conference. The strategic acquisition, with a winning bid of US$89.2 million, also highlights Micron's goal to grow its presence in Taiwan - where it is the largest foreign employer and investor - from its current wafer manufacturing function to a broader center of expertise in the global memory industry. The back-end site will further enhance the company’s strong presence on the island, which already includes state-of-the-art, 300mm wafer fabrication facilities in Taichung and Taoyuan, as well as sales and technical support offices in Taipei.
The back-end operation will be led by site director Mike Liang, who joined Micron in November 2016 with more than 35 years of experience in the semiconductor industry. Having previously served in leadership roles at Ti-Acer, KYEC and Amkor Taiwan, Liang brings significant expertise in both front-end wafer fabrication and back-end assembly and test manufacturing. About Micron Micron Technology is a world leader in innovative memory solutions. Through our global brands — Micron, Crucial®, Lexar® and Ballistix® — our broad portfolio of high-performance memory technologies, including DRAM, NAND, NOR Flash and 3D XPoint™ memory, is transforming how the world uses information. Backed by more than 35 years of technology leadership, Micron's memory solutions enable the world's most innovative computing, consumer, enterprise storage, data center, mobile, embedded and automotive applications. Micron's common stock is traded on the Nasdaq under the MU symbol. To learn more about Micron Technology, Inc., visit micron.com. The Micron logo and Micron symbol are trademarks of Micron Technology, Inc. All other trademarks are the property of their respective owners.
Contacts:
Media Relations
Marc Musgrove
[email protected]
1 (208) 363-2405

Investor Relations
Liz Morali
[email protected]
1 (208) 363-2231

Read more...

Ratios

vs
industry
vs
history
PE Ratio 54.11
MU's PE Ratio is ranked lower than
76% of the 580 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 23.08 vs. MU: 54.11 )
Ranked among companies with meaningful PE Ratio only.
MU' s PE Ratio Range Over the Past 10 Years
Min: 3.54  Med: 11.54 Max: 64.71
Current: 54.11
3.54
64.71
Forward PE Ratio 6.83
MU's Forward PE Ratio is ranked higher than
98% of the 265 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 19.57 vs. MU: 6.83 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 54.11
MU's PE Ratio without NRI is ranked lower than
75% of the 575 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 23.70 vs. MU: 54.11 )
Ranked among companies with meaningful PE Ratio without NRI only.
MU' s PE Ratio without NRI Range Over the Past 10 Years
Min: 3.54  Med: 11.54 Max: 64.71
Current: 54.11
3.54
64.71
Price-to-Owner-Earnings 60.24
MU's Price-to-Owner-Earnings is ranked lower than
84% of the 382 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 20.38 vs. MU: 60.24 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
MU' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 4  Med: 9.4 Max: 205.12
Current: 60.24
4
205.12
PB Ratio 2.30
MU's PB Ratio is ranked lower than
58% of the 836 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 1.91 vs. MU: 2.30 )
Ranked among companies with meaningful PB Ratio only.
MU' s PB Ratio Range Over the Past 10 Years
Min: 0.26  Med: 1.17 Max: 3.63
Current: 2.3
0.26
3.63
PS Ratio 2.20
MU's PS Ratio is ranked lower than
58% of the 837 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 1.72 vs. MU: 2.20 )
Ranked among companies with meaningful PS Ratio only.
MU' s PS Ratio Range Over the Past 10 Years
Min: 0.25  Med: 1.23 Max: 2.68
Current: 2.2
0.25
2.68
Price-to-Operating-Cash-Flow 8.52
MU's Price-to-Operating-Cash-Flow is ranked higher than
69% of the 512 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 12.56 vs. MU: 8.52 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
MU' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 1.31  Med: 5.1 Max: 11.06
Current: 8.52
1.31
11.06
EV-to-EBIT 31.26
MU's EV-to-EBIT is ranked lower than
71% of the 830 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 19.23 vs. MU: 31.26 )
Ranked among companies with meaningful EV-to-EBIT only.
MU' s EV-to-EBIT Range Over the Past 10 Years
Min: -256.6  Med: 7.8 Max: 159.2
Current: 31.26
-256.6
159.2
EV-to-EBITDA 9.21
MU's EV-to-EBITDA is ranked higher than
71% of the 903 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 13.47 vs. MU: 9.21 )
Ranked among companies with meaningful EV-to-EBITDA only.
MU' s EV-to-EBITDA Range Over the Past 10 Years
Min: 2.2  Med: 6.3 Max: 45.5
Current: 9.21
2.2
45.5
PEG Ratio 4.33
MU's PEG Ratio is ranked lower than
71% of the 209 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 1.89 vs. MU: 4.33 )
Ranked among companies with meaningful PEG Ratio only.
MU' s PEG Ratio Range Over the Past 10 Years
Min: 0.31  Med: 1.05 Max: 19.83
Current: 4.33
0.31
19.83
Shiller PE Ratio 121.91
MU's Shiller PE Ratio is ranked lower than
88% of the 98 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 9999.00 vs. MU: 121.91 )
Ranked among companies with meaningful Shiller PE Ratio only.
MU' s Shiller PE Ratio Range Over the Past 10 Years
Min: 42.42  Med: 107.5 Max: 848.5
Current: 121.91
42.42
848.5
Current Ratio 1.91
MU's Current Ratio is ranked lower than
60% of the 840 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 2.42 vs. MU: 1.91 )
Ranked among companies with meaningful Current Ratio only.
MU' s Current Ratio Range Over the Past 10 Years
Min: 1.32  Med: 2.36 Max: 5.29
Current: 1.91
1.32
5.29
Quick Ratio 1.33
MU's Quick Ratio is ranked lower than
64% of the 839 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 1.85 vs. MU: 1.33 )
Ranked among companies with meaningful Quick Ratio only.
MU' s Quick Ratio Range Over the Past 10 Years
Min: 0.96  Med: 1.7 Max: 4.32
Current: 1.33
0.96
4.32
Days Inventory 94.52
MU's Days Inventory is ranked lower than
61% of the 813 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 77.37 vs. MU: 94.52 )
Ranked among companies with meaningful Days Inventory only.
MU' s Days Inventory Range Over the Past 10 Years
Min: 79.29  Med: 91.92 Max: 112.67
Current: 94.52
79.29
112.67
Days Sales Outstanding 62.63
MU's Days Sales Outstanding is ranked higher than
51% of the 766 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 63.48 vs. MU: 62.63 )
Ranked among companies with meaningful Days Sales Outstanding only.
MU' s Days Sales Outstanding Range Over the Past 10 Years
Min: 41.36  Med: 52.62 Max: 83.23
Current: 62.63
41.36
83.23
Days Payable 46.04
MU's Days Payable is ranked lower than
56% of the 743 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 51.49 vs. MU: 46.04 )
Ranked among companies with meaningful Days Payable only.
MU' s Days Payable Range Over the Past 10 Years
Min: 33.29  Med: 41.09 Max: 67.77
Current: 46.04
33.29
67.77

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio 0.20
MU's 3-Year Average Share Buyback Ratio is ranked higher than
80% of the 573 Companies
in the Global Semiconductor Memory industry.

( Industry Median: -2.40 vs. MU: 0.20 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
MU' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -12.7  Med: -2.9 Max: 0.2
Current: 0.2
-12.7
0.2

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 2.59
MU's Price-to-Tangible-Book is ranked lower than
60% of the 802 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 2.03 vs. MU: 2.59 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
MU' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.41  Med: 1.63 Max: 8.56
Current: 2.59
0.41
8.56
Price-to-Intrinsic-Value-Projected-FCF 2.24
MU's Price-to-Intrinsic-Value-Projected-FCF is ranked lower than
67% of the 457 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 1.54 vs. MU: 2.24 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
MU' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.47  Med: 2.12 Max: 14.19
Current: 2.24
0.47
14.19
Price-to-Intrinsic-Value-DCF (Earnings Based) 5.05
MU's Price-to-Intrinsic-Value-DCF (Earnings Based) is ranked lower than
84% of the 31 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 1.89 vs. MU: 5.05 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-DCF (Earnings Based) only.
N/A
Price-to-Median-PS-Value 1.79
MU's Price-to-Median-PS-Value is ranked lower than
79% of the 750 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 1.17 vs. MU: 1.79 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
MU' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.3  Med: 1.35 Max: 7.97
Current: 1.79
0.3
7.97
Price-to-Peter-Lynch-Fair-Value 2.44
MU's Price-to-Peter-Lynch-Fair-Value is ranked lower than
77% of the 128 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 1.38 vs. MU: 2.44 )
Ranked among companies with meaningful Price-to-Peter-Lynch-Fair-Value only.
MU' s Price-to-Peter-Lynch-Fair-Value Range Over the Past 10 Years
Min: 0.27  Med: 0.97 Max: 7.18
Current: 2.44
0.27
7.18
Price-to-Graham-Number 2.50
MU's Price-to-Graham-Number is ranked lower than
70% of the 538 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 1.54 vs. MU: 2.50 )
Ranked among companies with meaningful Price-to-Graham-Number only.
MU' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.36  Med: 1.35 Max: 3.93
Current: 2.5
0.36
3.93
Earnings Yield (Greenblatt) % 3.20
MU's Earnings Yield (Greenblatt) % is ranked lower than
56% of the 1019 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 4.11 vs. MU: 3.20 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
MU' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 0.6  Med: 8.2 Max: 24.1
Current: 3.2
0.6
24.1
Forward Rate of Return (Yacktman) % 23.24
MU's Forward Rate of Return (Yacktman) % is ranked higher than
81% of the 365 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 6.60 vs. MU: 23.24 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
MU' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -55.6  Med: 10.1 Max: 40.7
Current: 23.24
-55.6
40.7

More Statistics

Revenue (TTM) (Mil) $14,733
EPS (TTM) $ 0.55
Beta2.06
Short Percentage of Float4.50%
52-Week Range $11.50 - 29.87
Shares Outstanding (Mil)1,106.31

Analyst Estimate

Aug17 Aug18 Aug19
Revenue (Mil $) 19,375 19,967 17,977
EPS ($) 4.20 4.24 2.65
EPS without NRI ($) 4.20 4.24 2.65
EPS Growth Rate
(Future 3Y To 5Y Estimate)
106.43%
Dividends per Share ($)
» More Articles for MU

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