Why Micron Technology Is Poised to Keep Poppin'

Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, memory chip manufacturer Micron Technology (NASDAQ: MU  ) has earned a respected four-star ranking.

With that in mind, let's take a closer look at Micron and see what CAPS investors are saying about the stock right now.

Micron facts

Headquarters (founded)

Boise, Idaho (1978)

Market Cap

$10.0 billion

Industry

Semiconductors

Trailing-12-Month Revenue

$8.1 billion

Management

CEO Mark Durcan (since 2012)

CFO Ronald Foster (since 2008)

Return on Equity (average, past 3 years)

(0.1%)

Cash/Debt

$2.2 billion / $3.7 billion

Competitors

Samsung Electronics

SanDisk

Sources: S&P Capital IQ and Motley Fool CAPS.

On CAPS, 90% of the 1,266 members who have rated Micron believe the stock will outperform the S&P 500 going forward.

Just yesterday, one of those Fools, drewvogel, succinctly summed up the Micron bull case for our community:

Spot prices on DRAM have been increasing, but in the latest conference call [Micron] said their DRAM bit volume increased while their average selling price declined. ... This is likely due to their contract prices lagging spot prices. The next quarter should include some of those spot price increases in the DRAM market. In addition to the improving DRAM conditions, the NAND prices are rising due to a shortage of chips combined with healthy demand as individuals and enterprises alike are moving to SSDs instead of replacing PCs. The price has a good bit of the Elpida acquisition baked in. Price target: $14.

If you want market-thumping returns, you need to put together the best portfolio you can. Of course, despite a strong four-star rating, Micron may not be your top choice.

We've found another growth play we are incredibly excited about -- excited enough to dub it "The Only Stock You Need to Profit from the NEW Technology Revolution." We have compiled a special free report for investors to uncover this stock today. The report is 100% free, but it won't be here forever, so click here to access it now.

Want to see how well (or not so well) the stocks in this series are performing? Follow the TrackPoisedTo CAPS account.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2332777, ~/Articles/ArticleHandler.aspx, 8/29/2014 4:12:37 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement