Is MU a good buy

**Micron Technology (MU) appears to be a promising investment considering its recent performance and market position.** Here's why: 1. **Strong Revenue and Profit Growth**: Micron Technology has shown significant growth in revenue and net income. The company's revenue grew by 93.27% year-over-year, reaching $7.75 billion in the most recent quarter. Additionally, net income increased by 162.03% to $887 million. The growth in both revenue and net income indicates a strong operational performance. |Ticker|Name|Date|Net Income YoY|Total Revenue YoY|Diluted EPS YoY|Total Revenue|Net Income|Diluted EPS|code|market_code| |---|---|---|---|---|---|---|---|---|---|---| |MU.O|Micron Technology|2024 Q1|-532.8205128205128|15.69155446756426|-522.2222222222223|4.726E9|-1.234E9|-1.12|MU|185| |MU.O|Micron Technology|2024 Q2|134.2993079584775|57.703763877606285|133.49056603773585|5.824E9|7.93E8|0.71|MU|185| |MU.O|Micron Technology|2024 Q3|117.51054852320675|81.52985074626866|117.34104046242773|6.811E9|3.32E8|0.3|MU|185| |MU.O|Micron Technology|2024 Q4|162.02797202797203|93.26683291770573|160.3053435114504|7.75E9|8.87E8|0.79|MU|185| 2. **Earnings Per Share (EPS) Recovery**: The diluted EPS grew by 160.31%, which is a strong indicator of profitability per share. This recovery from the previous negative trend shows that the company is not only growing but also improving its earnings efficiency. |Ticker|Name|Date|Total Revenue|Net Income|Diluted EPS|code|market_code| |---|---|---|---|---|---|---|---| |MU.O|Micron Technology|2021 Q1|5.773E9|8.03E8|0.71|MU|185| |MU.O|Micron Technology|2021 Q2|6.236E9|6.03E8|0.53|MU|185| |MU.O|Micron Technology|2021 Q3|7.422E9|1.735E9|1.52|MU|185| |MU.O|Micron Technology|2021 Q4|8.274E9|2.72E9|2.39|MU|185| |MU.O|Micron Technology|2022 Q1|7.687E9|2.306E9|2.04|MU|185| |MU.O|Micron Technology|2022 Q2|7.786E9|2.263E9|2|MU|185| |MU.O|Micron Technology|2022 Q3|8.642E9|2.626E9|2.34|MU|185| |MU.O|Micron Technology|2022 Q4|6.643E9|1.492E9|1.35|MU|185| |MU.O|Micron Technology|2023 Q1|4.085E9|-1.95E8|-0.18|MU|185| |MU.O|Micron Technology|2023 Q2|3.693E9|-2.312E9|-2.12|MU|185| 3. **Dividend Metrics**: Micron Technology has a dividend yield of 0.47%, which is relatively low but provides a modest income stream to investors. The company has a consistent dividend history with 3 years of continuous dividend payments and 2 years of dividend growth, indicating a stable commitment to returning value to shareholders. |Ticker|Name|Date|Dividend Yield (TTM)|code|market_code| |---|---|---|---|---|---| |MU.O|Micron Technology|20240102|0.558659|MU|185| |MU.O|Micron Technology|20240103|0.559202|MU|185| |MU.O|Micron Technology|20240104|0.55616|MU|185| |MU.O|Micron Technology|20240105|0.551228|MU|185| |MU.O|Micron Technology|20240108|0.541494|MU|185| |MU.O|Micron Technology|20240109|0.552022|MU|185| |MU.O|Micron Technology|20240110|0.558387|MU|185| |MU.O|Micron Technology|20240111|0.551624|MU|185| |MU.O|Micron Technology|20240112|0.55832|MU|185| |MU.O|Micron Technology|20240116|0.54367|MU|185| 4. **Technical Indicators**: From a technical analysis perspective, the stock's moving averages are above the current price, with the 5-day moving average at $101, the 10-day at $100.28, and the 20-day at $100.17. This suggests a short-term upward trend. However, the 30-day moving average is lower at $102.14, which could indicate some consolidation in the recent past. |Ticker|Name|Date|Moving Average|code|market_code| |---|---|---|---|---|---| |MU.O|Micron Technology|20241211|101.0030|MU|185| 5. **Market Sentiment and Analyst Ratings**: There is a bullish sentiment among big-money investors, as indicated by the options activity. Additionally, analysts have set a current price target ranging from $67 to $250, which suggests potential for further price appreciation. 6. **Strategic Investments and Government Support**: Micron Technology has received significant funding under the CHIPS Act, totaling $6.1 billion, which will support the construction of new chip fabrication facilities and expand existing ones. This government support is a positive indicator for the company's future growth and competitiveness. 7. **Industry Position**: Micron Technology is a leader in memory and storage solutions, particularly with its advancements in DRAM and NAND chips for smartphones. The company's strategic investments in R&D and partnerships with leading smartphone manufacturers position it well to capitalize on the growing demand for advanced memory solutions. In conclusion, Micron Technology's strong financial performance, technical indicators, strategic investments, and favorable market sentiment make it a compelling investment option. However, investors should consider their risk tolerance and investment horizon, as with any investment.