#8 - Micron Technology (NASDAQ:MU)
Micron Technology (NASDAQ: MU) - Do you enjoy roller coasters that go up and up and up and then down and down and down? If so Micron may be the stock for you. The last six years have been marked by long uptrends and long downtrends. Fortunately for investors, the higher highs have outweighed the higher lows. But riding out a pullback that can last over a year is not a pleasant experience for some investors. However, what investors should know is that the pullbacks in the stock price correspond to the cyclical nature of RAM production capacity. With that in mind, however, investors need some assurance that the stock is likely to bounce back. MU showcases an outstanding balance sheet that demonstrates financial health with operating cash levels that are nearly 3x their total debt. This lends further support to a stock that climbed 37% in 2018, more than doubling the industry average of 15%.
About Micron Technology
Micron Technology, Inc designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides memory and storage technologies comprising dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; non-volatile and re-writeable semiconductor storage devices; and non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels.
Read More - Current Price
- $102.64
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 26 Buy Ratings, 1 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $143.04 (39.4% Upside)
