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Micron Technology, Inc. (NASDAQ: MU) – Is this large market cap stock undervalued?

Micron Technology, Inc. (NASDAQ: MU), is firmly in the large market cap category with market cap of 18119.94. To be considered a large market cap stock companies have to be valued at more than $10 billion. The current price for Micron Technology, Inc. is 17.28 (with a change from open of -2.01%), this in conjunction with a target price of 18.19. Volume today has so far reached 9741972, with an average volume of about 28621.11. The GAP for this stock, is 0.86%.

The P/E ratio is 56.94, bringing the forward P/E to a value of 25.44. The current EPS for Micron Technology, Inc., is 0.31, with a EPS growth for this year coming to a value of -2.50%. Performance has been interesting with performance year to date coming to 23.45%.

Looking further into the growth statistics for Micron Technology, Inc., EPS is looking like it will grow 3550.00% in the next year. Looking even further it is projected to be 1.00%. Quarter over quarter is -149.50% for EPS growth and for sales growth quarter over quarter it is -24.80%. Looking at past EPS growth statistics we see that for the past five years it has been 6.00%. Sales growth for the past five years has in fact been 13.80%.

Looking at the ownership, we see that the insider ownership is at 0.10% and institutional ownership is 86.10%. Shares outstanding is 1036.61, while shares float is at a value of 1033.57. Float short for Micron Technology, Inc. is 7.17% and the short ratio is 2.59.

In terms of debt, long term debt/equity is 0.73, while the total debt/equity comes to 0.79. The ability to meet these debts, means that the current ratio is 2.2, and the quick ratio is 1.6. The most recent gross margin is 22.70% and their operating margin is 4.90%. The profit margin is 2.90%.

Micron Technology, Inc. has seen returns on assets of 1.50%, and on investment, 14.20%. Return on equity is 3.00%. Price/Earnings to growth ratio is 56.94. Price/Sales ratio is at a value of 1.42, with Price/book ratio coming to 1.49 and Price/cash is 3.64, and finally Price/Free cash Flow is .

The simple moving averages are 14.67% and 37.35% for 20 day and 200 day simple moving average respectively. For the 52 week high and low the 52 week high is -10.49% and the 52 week low is 85.56%.

Micron Technology, Inc. has a dividend yield of , with a current price of 17.28. The ability to pay this means the payout ratio is 0.00%. This is in an industry, Semiconductor- Memory Chips, with equally high dividends from other companies in this sector, which it is Technology. Micron Technology, Inc. is based in USA.

Performance in the Semiconductor- Memory Chips industry means that Micron Technology, Inc. has seen performance for the past week of 3.99%, with performance for the month coming to 12.63%. Looking at the data for the quarter it is at a value of 43.28%, and for the half year the performance is 6.52%. Volatility for this week is 3.95% and for the month this is 3.57%.

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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Stephen Butters

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