Buy Or Sell Micron Technology Stock?

Core Viewpoint - Micron Technology (MU) shares have recently declined by 7.1% but are considered fairly priced due to strong operational performance and financial stability despite high valuation [1] Company Overview - Micron Technology has a market capitalization of $245 billion and specializes in memory and storage solutions across various markets, focusing on high-speed, low-latency DRAM semiconductor devices [5] Growth Metrics - Micron has experienced a revenue increase at an average rate of 20.3% over the past three years, with revenues rising 49% from $25 billion to $37 billion in the last 12 months [6] - Quarterly revenues increased by 46.0% to $11 billion in the latest quarter from $7.8 billion a year prior [7] Profitability - Micron's operating income over the last 12 months was $9.8 billion, reflecting an operating margin of 26.2% [11] - The company generated nearly $18 billion in operating cash flow, resulting in a cash flow margin of 46.9% [11] - Micron produced approximately $8.5 billion in net income, indicating a net margin of roughly 22.8% [11] Financial Stability - Micron had $15 billion in debt at the close of the latest quarter, with a Debt-to-Equity Ratio of 6.4% [11] - Cash (including cash equivalents) accounts for $10 billion of $83 billion total assets, producing a Cash-to-Assets Ratio of 12.4% [11] Market Dynamics - The company is benefiting from the expanding deployment of large-scale AI data centers, which is driving strong demand for high-bandwidth memory used in AI servers [3]