MU
ACCE-researchedOverview
ACCE thesis
Micron manufactures DRAM and NAND flash memory chips that power everything from smartphones to data centers, controlling roughly 25% of the global memory market. The company benefits from an oligopolistic industry structure where just three players-Samsung, SK Hynix, and Micron-control 95% of DRAM production, creating rational pricing discipline after years of destructive competition. AI workloads are driving unprecedented demand for high-bandwidth memory, with Micron's HBM3E products selling at 3-4x the price of standard DRAM while data center memory content per server doubles every few years. The stock trades at less than 5x forward earnings despite 196% revenue growth as the memory cycle turns, while the company generates a 40% return on equity and maintains 67% operating margins at the cycle peak.
- highExtreme insider sellingLast 10 disclosed transactions: $120.4M in sales, $0 in buys. No offsetting purchases signals low confidence at current valuation.
- highLeverage spike with cyclical exposureDebt/Equity 6.33 is elevated for semiconductors. Memory chip cycles are notoriously volatile; high leverage amplifies downside risk in a downturn.
- moderateValuation disconnect on forward basisForward P/E 5.9 vs trailing P/E 20.9 implies consensus expects 73% earnings decline. Verify sustainability of current run-rate before chasing momentum.
Walk me through this stock
Plain-English pros, cons, and what to watch. Pro feature.
Price
Valuation
INVESTORSix independent models converge on one confidence-weighted fair value, with full methodology and editable assumptions.
- +All six models: DCF, P/E and EV/EBITDA comps, Graham, dividend discount, residual income
- +Scenario bands, sensitivity tornado, and the 5-year historical valuation range
- +Editable DCF workbench with saved scenarios
Quality
INVESTORThe full quality picture: conviction breakdown, earnings quality, score history, and backtested returns.
- +Conviction score breakdown and earnings-quality grade
- +Growth / value / quality / momentum component scores
- +90-day score history and score-threshold backtests
Analysts
Wall Street consensus
The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.
- +Price-target low / average / high vs the current price, with implied upside
- +Forward revenue and EPS consensus by fiscal year
- +ACCE fair-value models lined up against the Street
Smart Money
PROFollow the institutions: 13F position changes, insider trades, and active 13D activist filings.
- +Quarter-over-quarter institutional position changes
- +Recent open-market insider transactions
- +Active 13D activist filings and top holders
Compare
Where it sits vs peers
Algorithmic peers (6)
| Ticker | Company | Mcap | P/E | ROE | D/E | Yield | Quality | |
|---|---|---|---|---|---|---|---|---|
| 000660.KS | SK hynix | $949.6B | - | 92.7% | 0.18 | 8.0% | - | Compare |
| AMD | Advanced Micro Devices Inc. Common Stock | $913.9B | 142.8 | 10.2% | 0.05 | 0.0% | - | Compare |
| AVGO | Broadcom Inc. Common Stock | $1707.1B | 45.7 | 44.3% | 0.80 | 0.7% | - | Compare |
| 2330.TW | Taiwan Semiconductor Manufacturing | $2000.5B | 28.7 | 40.0% | 0.19 | 1.1% | - | Compare |
| TSM | Taiwan Semiconductor Manufacturing Company Ltd. | $2254.4B | 32.5 | 40.0% | 0.19 | 0.9% | - | Compare |
| INTC | Intel Corporation Common Stock | $574.1B | - | -10.7% | 0.41 | 0.0% | - | Compare |
Sector report card
Where MU ranks against its sector peers on each metric.
News and Record
Press releases mentioning this company
- PR Newswire•Aug 24, 2026Primemas Shatters AI Memory Wall at FMS 2026 with CXL Full-Stack Products and Micron Collaboration on the Abaco Project
- Business Wire•Aug 19, 2026JEDEC® Announces Automotive Electronics Forum in September 2026
- GlobeNewswire•Jun 1, 2026Micron Powers AI Everywhere at COMPUTEX 2026
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