Tomahawk, WI 01/09/2014 (BasicsMedia) – Micron Technology, Inc. (NASDAQ:MU) issued better-than-expected figures for its fiscal 2014 first quarter this week. The company reported earning $0.77 per share when Wall Street was looking for $43 per share in the quarter. The quarter’s revenue topped analysts’ consensus estimate by more than $300 million.

According to the latest results, the stock has spiked 230 percent over the past 12 months. The EPS has spiked 165 percent year-over-year, while revenue has surged 120 percent. In these latest performance figures, an impressive profitability trend is starting to emerge.

That Micron Technology, Inc. (NASDAQ:MU) posted such gigantic figures for Q1 is just half of what investors already know about the stock. The other half regards the company’s future prospects. Looking at the market condition and the efforts being employed by Micron’s management, there is no doubt that the future is even more promising than what has been seen already.

The market situation

The fire disaster which crippled a factor of Hynix Wuxi, one of the Micron Technology, Inc. (NASDAQ:MU)’s competitors in the memory space came as a big opportunity. This incident which occurred last year resulted in memory supply shortage in the market.

Besides that factory fire, the memory market is generally rewarding. The healthy supply demand situation is contributing to good prices. Also, there is a decline in the inventory situation in the mobile and PC memory market which is also opening up opportunities for players in the industry. This bullish outlook is expected to continue for a longer-term.

Company situation

However much the memory market is bullish, Micron Technology, Inc. (NASDAQ:MU) is working hard to earn its dollar in this industry. The company’s strong presence in the DRAM market is one of its winning secrets. The company has been increasing its memory production to take advantage of the market situation. This production growth is done in such manner that it leave the company with higher profit margins.

The company’s also employs the latest technology in its manufacturer and this has been its strength area on beating competition.

Owing to these improvements, Micron Technology, Inc. (NASDAQ:MU) finished 2013 as up the semiconductor and memory makers ranking. The company rose to position four, up from position 10 in the previous year.

It was easy to see how this high ranking came about. The company outperformed almost all analysts’ predictions on its earnings in 2013. The company boosted production without hurting its free cash flow situation. Moreover, the company succeeded in its efforts to attract the high-performance memory market, largely due to its superior technology.

Bottom line

As mentioned earlier, Micron Technology, Inc. (NASDAQ:MU) is largely a sweet stock by most measures. The company is in good debt level position, its sales are ever increasing and the stock growth is very impressive. The company’s gigantic earning figures also reveal key strength areas for its future exploits.

Also, we cannot overlook Micron Technology, Inc. (NASDAQ:MU)’s high net profit margins and suppressed expenses. I thing without saying much about this stock, it is easy to see that it has everything that income and value investor can be looking for in the broader memory market.

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