Stocks With Escalations: Micron Technology, Inc. (NASDAQ:MU)

Shares of Micron Technology, Inc. (NASDAQ:MU) decreased -0.33% to $39.47 on Thursday. The share price is trading in a range of 38.51 – 39.61 (Price in Dollars).

The stock exchanged hands 30.85M shares versus average trading capacity of 33.79M shares, while its shares’ total market worth is $44.25B. Micron Technology, Inc. (NASDAQ:MU) shares were trading -38.96% below from the 52-week high price mark of $64.66 and +39.03% above from the 52-week price bottom of $28.39. However the company observed 52 week high price on Mar 20, 2019 and witnessed 52 week low price on Mar 25, 2019.

The company employs 360000 people, over the last 12 months has generated revenue of $31.50 Billion and has a net income of $14.62 Billion.

The company’s EPS growth in prior 5 years was 58.80%. In the liquidity ratio analysis; current ratio was 2.90 while debt to equity ratio was 0.12.

Micron Technology, Inc. (MU) uncovered that it has entered into an agreement to sell $600 million aggregate principal amount of its 4.640% Senior Notes due 2024 (the “2024 Notes”), $500 million aggregate principal amount of its 4.975% Senior Notes due 2026 (the “2026 Notes”) and $700 million aggregate principal amount of its 5.327% Senior Notes due 2029 (the “2029 Notes” and, together with the 2024 Notes and the 2026 Notes, the “notes”) pursuant to an effective shelf registration statement on file with the Securities and Exchange Commission (the “SEC”). The offering is expected to settle on February 6, 2019, subject to customary closing conditions.

The 2024 Notes will bear interest at a rate of 4.640% per year, the 2026 Notes will bear interest at a rate of 4.975% per year and the 2029 Notes will bear interest at a rate of 5.327% per year. Interest on each series of notes will be payable semi-annually on February 6 and August 6 of each year, commencing on August 6, 2019.

Micron estimates that the net proceeds of the offering of notes, after deducting underwriter discounts and other estimated offering expenses, will be approximately $1,789 million. Promptly following the closing of the offering of the notes, Micron intends to call for redemption its 3.00% Convertible Senior Notes due 2043 (the “2043 Convertible Notes”). Micron intends to use the net proceeds of the offering of senior notes primarily for the extinguishment of its obligations with respect to the 2043 Convertible Notes, which may include payments in settlement of conversion or redemption. Micron intends to use the remaining net proceeds of the offering for general corporate purposes, which may include capital expenditures, working capital and the repayment, repurchase, redemption or other retirement of its other existing indebtedness.

Micron Technology institutional ownership is held at 80.00% while insider ownership was 0.20%. Its EPS was $12.03 while outstanding shares of the company were 1.13 Billion. The Company’s Net profit margin was 46.80% while gross profit margin was 59.60%. MU last month stock price volatility remained 4.31%.

The stock is now trading at a distance of 10.43% from 20-day simple moving average. The company’s price sits 12.49% below from its 50-day moving average of $34.21 and -14.15% away from the stock’s 200-day moving average which is $41.69.

Micron Technology, Inc. (NASDAQ:MU) currently has a PEG ratio of 0.13 where as its P/E ratio is 3.28. The company’s price to sales ratio for trailing twelve months is 1.42 and price to book ratio for most recent quarter is 1.32, whereas price to cash per share for the most recent quarter is 8.04. Micron Technology, Inc. (NASDAQ:MU)’s price to free cash flow for trailing twelve months is 5.00. Its quick ratio for most recent quarter is 2.20 along with current ratio for most recent quarter of 2.90. Total debt to equity ratio of the company for most recent quarter is 0.12 whereas long term debt to equity ratio for most recent quarter is 0.11. Micron Technology, Inc. (NASDAQ:MU) has a Return on Assets of 34.50%. The company currently has a Return on Equity of 49.00% and Return on Investment of 38.60%.

Lewis Demko

This is Lewis Demko and I like to introduce myself as an adviser, in the Technology Sector. I worked independently as a self motivator and with the financial institute as financial adviser to invest in the technology sector for over 9 years in the developing countries by introducing new phases and ways to improve in the technology sector. I like to travel all over the globe to get new experience and provide by best services to the companies. As an adviser I like to work with new people to share and explore new ideas keeping in view minimizing the operating cost and giving the best final product through new technology and minimizing the time of development.