Is Micron Technology a pricey tech stock or a hidden gem in plain sight? This eye-opening chart might help you decide.Some investors think Micron Technology (MU 0.15%) stock is incredibly expensive. In a certain slant of light, they're not wrong.The memory-chip maker's shares trade at -- make sure you have a seat -- 151 times trailing earnings and 932 times free cash flow today. That's a lofty valuation by anybody's standards.But there are other ways to assess Micron's market value. The company is in a posi ...

Both these AI-powered businesses are positioned for long-term success.In the past couple of years, artificial intelligence (AI) has been one of the most important investment themes on Wall Street. While the initial AI-fueled frenzy mostly died down, institutional and retail investors are still in search of AI-powered investments, especially those with long-term and sustainable growth prospects.Stocks like Micron Technology (MU -0.82%) and Oracle (ORCL 2.25%) seem to fit the bill. Here's why investors can be ...

Things are looking up for Micron Technology (NASDAQ: MU )(NEOE: MU:CA ) as favorable market conditions create the strongest sales momentum in years. Customers who stocked Micron's memory chips during the post-pandemic supply chain disruptions are coming back as theirBashar is a contributing writer at Seeking Alpha, focusing on Long/Short investment ideas, with a geographic focus in North America. Before that, Bashar worked at an Investment Fund in the United Kingdom. He has a Master's degree in Finance from ...

When we think of the ongoing AI revolution, one of the first (probably the first) businesses that comes to mind is NVIDIA ( NVDA ). Rightly so, the Company is an undisputed leader in the GPU environment, delivering cutting-edge processing hardwareWelcome to Cash Flow Venue, where dividends do the heavy lifting! Blending my financial chops with the timeless wisdom of value investing (and love for steady income), I’ve built a rock-solid pillar in my financial foundation through dividend investing. I believe i ...

On October 4, 2024, Micron Technology Inc (MU, Financial) filed its 10-K report, offering a comprehensive view of its financial health and strategic positioning. As one of the world's leading semiconductor companies, Micron specializes in memory and storage solutions, with a strong presence in dynamic random access memory (DRAM) and NAND flash chips. The company's financial performance for the fiscal year ending August 29, 2024, shows a significant rebound in net income to $778 million from a loss of $5,833 ...

Financial Performance - The company reported revenue of $25,111 million for the year ended August 29, 2024, a significant increase from $15,540 million in the previous year, representing a growth of approximately 61.5%[283]. - The gross margin improved to $5,613 million in 2024, compared to a loss of $1,416 million in 2023, indicating a recovery in profitability[283]. - Research and development expenses were $3,430 million in 2024, up from $3,114 million in 2023, reflecting a continued investment in innovation[283]. - The company incurred operating income of $1,304 million in 2024, a substantial recovery from an operating loss of $5,745 million in 2023[283]. - Net income for the year was $778 million, a significant turnaround from a net loss of $5,833 million in the previous year[283]. - Total comprehensive income for the year was $956 million, compared to a loss of $5,585 million in the prior year[286]. - The company reported net cash provided by operating activities of $8,507 million, a substantial increase from $1,559 million in the previous year[296]. Inventory and Costs - In 2023, the company recorded aggregate charges of $1.83 billion to write down the carrying value of inventories due to excess and obsolete inventory[103]. - The company may incur higher inventory carrying costs due to lower utilization and increased per gigabit manufacturing costs[102]. - Total inventories reached $8,875 million in 2024, up from $8,387 million in 2023, with a write-down of $1.83 billion recorded in 2023[327]. Competition and Market Dynamics - The company faces intense competition in the semiconductor memory and storage markets, with competitors potentially using aggressive pricing strategies[110]. - Nearly half of the company's revenue in 2024 was from sales to customers headquartered outside the United States, with over 80% of revenue from products shipped internationally[106]. - Economic downturns and inflationary pressures may adversely affect demand for the company's products, leading to potential decreases in average selling prices[137]. Research and Development - The company invested in R&D for new technologies, including EUV lithography, to meet advanced product requirements and improve cost efficiency[115]. - The company is developing new products to meet customer demands, particularly in the context of emerging technologies like generative AI[116]. - The company may not be able to recover investments in R&D or realize economic benefits from new technologies, impacting future profitability[115]. Risks and Challenges - Geopolitical risks, including restrictions on sales to significant foreign customers, could materially affect the company's revenue and operations[107]. - The availability and quality of materials, supplies, and third-party services are critical to the company's operations, with potential shortages impacting production and financial condition[128]. - The company faces challenges in obtaining advanced semiconductor manufacturing equipment, which could delay production and increase costs[134]. - Trade disputes and geopolitical tensions may limit access to critical materials, particularly rare earth elements, which are predominantly sourced from China[131]. - The company is exposed to risks from defective products or those that do not meet specifications, which could lead to significant costs and reputational damage[148]. - The company faces significant risks from cyberattacks, which could lead to unauthorized access to sensitive data and operational disruptions[151]. - The implementation of AI technologies is complex and costly, with no guarantee of enhancing business operations or product offerings[155]. Financial Position and Debt - As of August 29, 2024, the company had debt with a carrying value of $13.40 billion and may incur additional debt under its $2.50 billion Revolving Credit Facility[190]. - The company estimates capital expenditures in 2025 for property, plant, and equipment to be around mid-30% range of revenue for the year[188]. - The company anticipates that changes in tax laws, particularly the OECD's Pillar Two legislation, could significantly increase its tax expense starting in 2026[182]. - The company may not be able to obtain financing on acceptable terms due to its debt levels and prevailing economic conditions, impacting its ability to fund operations and capital investments[189]. Corporate Governance and Compliance - Compliance with government incentives and conditions may add complexity to operations and increase costs[125]. - The company has established goals related to environmental, social, and governance matters, which may entail significant costs and present various operational risks[162]. - Legal and regulatory investigations could adversely affect the company's business and financial condition[172]. Shareholder Returns - The company authorized share repurchases of up to $10 billion, with expenditures of $300 million in 2024, $425 million in 2023, and $2.43 billion in 2022[197]. - Micron declared dividends totaling $518 million, compared to $504 million in the previous year[296]. - In 2024, Micron declared and paid dividends of $0.115 per share in each quarter, with the next dividend payable on October 23, 2024[364]. Legal Matters - The company is currently involved in patent infringement actions filed by Netlist, Inc., seeking damages and injunctive relief[352]. - Micron was ordered to pay $425 million for infringing U.S. Patent No. 7,619,912 and $20 million for infringing U.S. Patent No. 11,093,417 following a jury verdict[353]. - The company is cooperating with the Chinese State Administration for Market Regulation regarding an investigation into potential collusion among DRAM suppliers[360]. - Micron's revenue is substantially derived from its DRAM, NAND, and other memory and storage products, which are the subject of ongoing legal disputes[359].

Micron Technology (NASDAQ: MU ) has underperformed since I last wrote about and recommended the stock on April 19, 2024. Immediately after the April recommendation, the stock was up over 40% and reached a high of $157.54 on June 18. It has been all I have been a Merchant Seaman that has traveled the world for over 30 years. Within the last 15 years, I developed a very intense interest in investing. I learned a lot of what I know about investing from The MF. Also because I have a engineering background, I of ...

Now you can get access to the latest and highest-quality analysis of recent Wall Street buying and selling ideas with just one subscription to Beyond the Wall Investing ! There is a free trial and a special discount of 10% for you. Join us today! Micron Technology (NASDAQ: MU ) is one of the major players in the memory and storage sector worldwide with a market cap of >$110 billion. According to Seeking Alpha's description, MU produces fundamental components such as DRAM and SSDs for everything Daniel Sered ...

Micron benefits from tailwinds, but volatility could undermine its potential gains.Investors have faced considerable difficulty owning Micron Technology (MU -0.46%). As one of the few makers of DRAM and NAND memory, the company has played a crucial support role in running semiconductor-powered hardware and ensuring the smooth function of software applications.The semiconductor industry is also well known for its cyclicality, and the memory chip industry has experienced the most volatility. However, despite ...

Over the past 3 years, Investors of Micron (NASDAQ: MU ) (NEOE: MU:CA ) have been on a volatile journey. From all-time highs in late 2022, the stock fell 50% due to the worst memory downturn inAssociated with: The Merchant House Investor Self-taught Long term value investor looking to buy Great growing businesses at a reasonable price. Warning: The articles are for informational purposes only and should not be considered as investment advice. The author is not a registered financial advisor and does not pro ...