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Is this Large Market Cap Stock target price reasonable for Micron Technology, Inc. (NASDAQ:MU)?

The company in question is, Micron Technology, Inc. (NASDAQ:MU) currently with a stock price of 13.15 (-0.19% today). The market cap for Micron Technology, Inc. is 13852.71, and is in the sector Technology, and Semiconductor- Memory Chips industry. The target price for Micron Technology, Inc. is 14.86. Currently Micron Technology, Inc. is trading with a P/E of 42.93, and a forward P/E of 23.96. Average volume for Micron Technology, Inc. is 29596.64 and so far today it is 8358515.

Performance in the last year for Micron Technology, Inc. has been -26.78%. For EPS growth, Micron Technology, Inc. has seen a growth of -2.50%, and is looking to grow in the next year to 885.70%. More long term stats show that EPS growth has been 6.00% over the last five years and could be 1.00% for the next five years. Micron Technology, Inc. has seen sales growth quarter over quarter at -24.80%, with EPS growth quarter over quarter at -149.50%. The 20-day simple moving average is 7.82%, with the 200-day simple moving average coming to 2.63%.

Since the IPO date for Micron Technology, Inc. on the 5/16/1989, Micron Technology, Inc. has seen performance year to date to be -6.92%. With Micron Technology, Inc. trading at 13.15, the dividend yield is *TBA, and the EPS is 0.31.

So could Micron Technology, Inc., be undervalued? Well as said before P/E is 42.93. The PEG is 42.93, P/S is 1.08 and the P/B is at 1.12. The P/cash is 2.78, with P/free cash flow at *TBA.

Micron Technology, Inc. ability to deal with debt shows that the current ratio is 2.2, and the quick ratio is 1.6. This is with long term debt/equity at 0.73, and total debt/equity at 0.79.

In terms of margins, Micron Technology, Inc. has a gross margin of 22.70%, an operating margin of 4.90% and a profit margin of 2.90%.Payout ratio for Micron Technology, Inc. is 0.00%. Return on assets come to 1.50% with return on investment coming to 14.20%.

Insider ownership for Micron Technology, Inc., is at 0.10% and institutional ownership comes to 86.60%. Outstanding shares are at 1051.04. While shares float is 1033.57. The float short is currently 6.44%, and short ratio is 2.25.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Tony Dabbs

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