Micron Technology, Inc. (MU) fair value analysis
S&P 500 · Updated 2026-10-19
MU price how computed
Forward Fair Value verdict
UndervaluedMU is trading at more than a 25% discount to estimated fair value.
Based on TickrTrends' weekly Forward Fair Value model.
- Last price
- $1,029.00
- Sector
- Technology
- 12-month range
- $201.37–$1,213.56
- Market cap
- $1.16T
- From 52-week high
- -15.2%
- Shares outstanding
- 1.13B
- Rank in Technology by discount to fair value
- #4 of 181
Last price is our 2026-10-19 weekly price; the chart runs through 2026-10-16.
Micron Technology, Inc. manufactures memory and storage semiconductor products, including dynamic random-access memory, NAND flash memory, and NOR flash memory used in computing devices and data centers. The company designs and produces its semiconductor products at fabrication facilities located in the United States, Singapore, and Taiwan.
MU currently ranks #4 of 181 Technology stocks by discount to fair value. It has screened as Undervalued for 14 consecutive weekly runs.
Fundamentals (4 quarters) how computed
- Market cap
- $1.16T
- P/E (trailing)
- 14x
- Revenue (TTM)
- $133B
- Net margin
- 63.8%
- EPS (TTM)
- $75.28
- Gross margin
- 86.8%
- Debt / equity
- 0.03
- Revenue growth (3-yr avg)
- 349.2%
- Shares outstanding
- 1.13B
Derived indicators how computed
- Quality grade
- A
- Margin trend
- Expanding
- 52-week position
- The top quarter of its range
Technicals how computed
- RSI (14-day)
- 37 · neutral
- 50-day average
- $983.12
- 200-day average
- $717.84
- Moving-average state
- 50-day above 200-day (golden cross state); price above both averages
Dividends how computed
- Paid, last 12 months
- $0.56 per share (4 payments)
- Yield on last price
- 0.05%
- Consecutive years of increases
- 0 (no streak on complete calendar years)
- Last ex-dividend date
- 2026-10-14
- Last payment date
- 2026-10-29
Earnings how computed
- Last 8 quarters vs consensus
- 8 beat, 0 missed
- Quarter by quarter
- 2026-08 ▲ beat (+5.7%)
2026-05 ▲ beat (+19.7%)
2026-02 ▲ beat (+31.0%)
2025-11 ▲ beat (+21.3%)
2025-08 ▲ beat (+5.9%)
2025-05 ▲ beat (+20.1%)
2025-02 ▲ beat (+21.9%)
2024-11 ▲ beat (+1.1%)
Analyst consensus how computed
This is not TickrTrends' verdict.
- Analyst ratings
- 45 buy · 3 hold · 1 sell (49 analysts)
- Consensus lean
- Buy-leaning
- Consensus price target
- $1560
- Target vs last price
- +51.6%
What our data shows for MU
- Our model validated 12 trailing price-to-earnings windows for MU, built from quarterly earnings records.
- Shares are trading in the upper third of their 12-month price range of $201.37–$1,213.56.
- The 14-day relative strength index sits at a neutral 37.
The exact numbers are one step away
- The precise Forward Fair Value dollar figure for MU
- Exact discount / premium to today's price
- The normalized historical P/E behind the estimate, and how many quarters support it
- Forward EPS input and fiscal-year basis
- Screeners and rankings across the full S&P 500 and Nasdaq universes
Forward Fair Value applies a conservatively normalized historical price-to-earnings multiple to the consensus earnings estimate for the next full fiscal year; how TickrTrends computes it.
Recent MU news
TickrTrends' derived news-sentiment signal for MU is currently leaning positive, computed from recent coverage.
- Micron (MU) Invests in Mineral Processing to Boost Semiconductor Supply Chain (gurufocus.com, 2026-10-20)
TickrTrends take: Micron's investment in mineral processing addresses supply chain vulnerabilities that could improve long-term operational efficiency and reduce costs, factors relevant to the company's profitability trajectory. Given TickrTrends' undervalued assessment, investors monitoring the Technology sector should track whether this capital deployment translates into measurable improvements in gross margins or production capacity over coming quarters. The strategic move to control more of its supply chain represents a structural shift that could differentiate Micron's competitive position and warrant reassessment of its earnings potential. - MU DCF Analysis: Intrinsic Value $795 vs Price $879 (gurufocus.com, 2026-10-19)
TickrTrends take: A DCF analysis values MU's intrinsic worth at $795 per share while the stock currently trades at $879, suggesting the market is pricing in expectations above fundamental value estimates. Given TickrTrends' concurrent undervalued designation for this technology company, investors focused on valuation metrics may want to monitor whether the gap between these figures narrows through earnings performance or market repricing. The discrepancy between DCF-derived value and market price represents a key tension point that valuation-conscious investors typically track when evaluating technology sector positions. - Invesco NASDAQ 100 ETF (QQQM) Buys $18.4 Million More NVIDIA on Oct. 15 (gurufocus.com, 2026-10-19)
TickrTrends take: The Invesco NASDAQ 100 ETF's continued accumulation of NVIDIA shares reflects ongoing institutional confidence in semiconductor leaders, a sector where memory chip manufacturers like Micron operate alongside GPU producers. With TickrTrends currently assessing Micron as undervalued, investors monitoring the memory chip space should watch whether similar institutional buying pressure extends to Micron or whether valuation gaps between NVIDIA and memory chipmakers persist. Such divergence in institutional flows could signal either undervaluation opportunity or fundamental differences in how the market is pricing semiconductor subsectors.
More MU news
- US markets are weighed down by an extended sell-off in the tech sector (manilatimes.net, 2026-10-17)
- How major US stock indexes fared Friday 10/16/2026 (abcnews.go.com, 2026-10-17)
- Taiwan President Urges Micron Technology (MU) to Resolve Bonus Dispute Amid Strike Threat (gurufocus.com, 2026-10-15)
- DIMENSIONAL FUND ADVISORS LP Adds AGCO Corp (AGCO) -- Shares Look 19% Overvalued on GF Value (gurufocus.com, 2026-10-15)
- Dimensional Fund Advisors LP Boosts Gap Inc (GAP) Stake by 18.54% (gurufocus.com, 2026-10-15)
- Micron (MU) Declines Amidst Chip Market Concerns (gurufocus.com, 2026-10-13)
- What Invesco NASDAQ 100 ETF (QQQM) Sold: NVIDIA Leads on Oct. 8 (gurufocus.com, 2026-10-12)
- What U.S. Core Equity 2 Portfolio ETF (DFAC) Bought: MU Leads on Oct. 8 (gurufocus.com, 2026-10-12)
What people are saying
Follow the MU conversation: Stocktwits · Reddit · X
TickrTrends weekly updates
- 2026-10-19 — TickrTrends' derived indicators for MU showed a shift this week as the momentum indicator, previously rated B, is no longer present in the current assessment. With a current valuation verdict of Undervalued, MU's technical positioning has evolved from last week's momentum signal. The removal of the momentum indicator represents a notable change in the derived metrics tracking this technology sector stock.
- 2026-10-12 — No material change this week: the verdict, bands and grades all held steady.
- 2026-10-11 — No material change this week: the verdict, bands and grades all held steady.
- 2026-10-10 — No material change this week: the verdict, bands and grades all held steady.
- 2026-10-06 — MU's sector discount rank improved to 24th this week, up from 40th last week, indicating the stock is trading at a more attractive valuation relative to other technology companies. The company remains classified as undervalued according to TickrTrends' derived indicators.
- 2026-09-28 — TickrTrends' derived indicators for MU showed movement this week in two key areas. Momentum upgraded from none to B rating, while the stock's sector discount rank declined from number 31 to number 37 within the Technology sector. The current valuation verdict remains Undervalued.
- 2026-09-21 — No material change this week: the verdict, bands and grades all held steady.
- 2026-09-17 — No material change this week: the verdict, bands and grades all held steady.
Frequently asked questions
Is MU stock undervalued?
Based on TickrTrends' Forward Fair Value model (updated 2026-10-19), MU is trading at more than a 25% discount to estimated fair value and screens as undervalued. The exact fair value and discount are available to subscribers.
What is MU's TickrTrends verdict?
MU's current verdict is Undervalued, refreshed with every weekly Forward Fair Value run.
How does MU compare to other Technology stocks?
MU ranks #4 of 181 Technology stocks in TickrTrends' coverage by discount to fair value.
Is MU overbought or oversold?
MU's 14-day RSI is in neutral territory - neither overbought nor oversold.
Does MU pay a dividend?
Yes. MU paid $0.56 per share over the last twelve months (4 payments), a 0.05% yield on TickrTrends' last price. The last ex-dividend date was 2026-10-14.
Does MU usually beat earnings estimates?
Over its last 8 reported quarters MU beat the consensus estimate 8 times and missed 0 times, by TickrTrends' comparison of reported and estimated EPS.
What do analysts say about MU?
Of 49 analysts covering MU, 45 rate it a buy, 3 a hold and 1 a sell - buy-leaning, with a consensus price target of $1560 (+51.6% versus TickrTrends' last price). This is the analyst consensus, not TickrTrends' Forward Fair Value verdict.
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