|Company name||Micron Technology, Inc.|
|Live stock price||[stckqut]MU[/stckqut]|
|P/E compared to competitors||Good|
|Confident Investor Rating||Good|
|Target stock price (TWCA growth scenario)||$52.48|
|Target stock price (averages with growth)||$17.6|
|Target stock price (averages with no growth)||$17.6|
|Target stock price (manual assumptions)||$35.66|
The following company description is from Reuters: https://www.reuters.com/finance/stocks/company-profile/mu
Micron Technology, Inc., incorporated on April 6, 1984, is engaged in semiconductor systems. The Company's portfolio of memory technologies, including dynamic random-access memory (DRAM), negative-AND (NAND) Flash and NOR Flash are the basis for solid-state drives, modules, multi-chip packages and other system solutions. Its business segments include Compute and Networking Business Unit (CNBU), which includes memory products sold into compute, networking, graphics and cloud server markets; Mobile Business Unit (MBU), which includes memory products sold into smartphone, tablet and other mobile-device markets; Storage Business Unit (SBU), which includes memory products sold into enterprise, client, cloud and removable storage markets, and SBU also includes products sold to Intel through its Intel/Micron Flash Technology (IMFT) joint venture, and Embedded Business Unit (EBU), which includes memory products sold into automotive, industrial, connected home and consumer electronics markets. The Company's memory solutions enable computing, consumer, enterprise storage, networking, mobile, embedded and automotive applications. The Company markets its products through internal sales force, independent sales representatives and distributors primarily to original equipment manufacturers (OEMs) and retailers located around the world.
Confident Investor comments: At this time, I think that a Confident Investor can cautiously invest in Micron Technology, Inc. as long as the price is correct. Most of the fundamentals of Micron Technology, Inc. are good, in fact the company ranks as a Good company, but there are some concerns with the price of the stock. I am going to remove the company from my Watch List even though it is ranked as a Good Company.
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