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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 16.89 (-1.55% today). The market cap for Micron Technology, Inc. is 18486.33, and is in the sector Technology, and Semiconductor- Memory Chips industry. The target price for Micron Technology, Inc. is 17.05. Currently Micron Technology, Inc. is trading with a P/E of 55.86, and a forward P/E of 27.4. Average volume for Micron Technology, Inc. is 28193.46 and so far today it is 3064606.

Performance in the last year for Micron Technology, Inc. has been 2.08%. For EPS growth, Micron Technology, Inc. has seen a growth of -2.50%, and is looking to grow in the next year to 1240.00%. 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 15.17%, with the 200-day simple moving average coming to 34.51%.

Since the IPO date for Micron Technology, Inc. on the 5/16/1989, Micron Technology, Inc. has seen performance year to date to be 21.12%. With Micron Technology, Inc. trading at 16.89, 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 55.86. The PEG is 55.86, P/S is 1.45 and the P/B is at 1.46. The P/cash is 3.71, 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 86.10%. Outstanding shares are at 1077.92. While shares float is 1033.57. The float short is currently 7.00%, and short ratio is 2.57.

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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Peter Clarke

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