Morningstar Rating

Stock Research and Analysis

by Peter Wahlstrom, CFA

Bulls Say

NAND-based solid state drives are a growth opportunity for Micron. SSDs, which store information in computers, may replace traditional hard drives.
Micron is among the industry leaders in DRAM and NAND manufacturing process technology, which allows the company to control costs better than some competitors.
Micron produces a diversified portfolio of memory products using DRAM, NAND flash, and NOR flash technologies, which ultimately helps mitigate sales volatility. Read more 

Bears Say

In the commoditylike and cyclical memory chip industry, Micron and its peers suffer operating losses during periodic downturns that are severe enough to depress long-term profitability.
In the digital memory market, Micron faces tough competition from Samsung, Hynix, and SanDisk.
The Numonyx acquisition will expose Micron to the challenges of the NOR flash memory market, which is commodity-like and mature in nature. Read more 

Management

Overall, Micron's management has historically been transparent in its performance, and we view its stewardship of shareholder capital as Standard. Micron is led by Mark Durcan, who assumed the post of chief executive in February 2012 after serving as   Read more 

Profile

Micron Technology MU has historically focused on providing dynamic random-access memory, or DRAM, for PCs and servers. The firm has expanded into the NAND flash memory market,  Read more 

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