Financial Survey: Micron Technology (MU) vs. Coherent (COHR)
Micron Technology (NASDAQ: MU) and Coherent (NASDAQ:COHR) are both mid-cap computer and technology companies, but which is the better business? We will compare the two businesses based on the strength of their analyst recommendations, profitability, valuation, institutional ownership, earnings, risk and dividends.
This table compares Micron Technology and Coherent’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
Insider & Institutional Ownership
79.3% of Micron Technology shares are held by institutional investors. Comparatively, 90.2% of Coherent shares are held by institutional investors. 0.7% of Micron Technology shares are held by insiders. Comparatively, 1.4% of Coherent shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.
Risk & Volatility
Micron Technology has a beta of 1.76, meaning that its stock price is 76% more volatile than the S&P 500. Comparatively, Coherent has a beta of 0.72, meaning that its stock price is 28% less volatile than the S&P 500.
This is a breakdown of recent ratings and recommmendations for Micron Technology and Coherent, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
Micron Technology presently has a consensus price target of $35.74, indicating a potential upside of 18.00%. Coherent has a consensus price target of $266.43, indicating a potential upside of 21.08%. Given Coherent’s stronger consensus rating and higher probable upside, analysts clearly believe Coherent is more favorable than Micron Technology.
Valuation and Earnings
This table compares Micron Technology and Coherent’s gross revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Price/Sales Ratio||EBITDA||Earnings Per Share||Price/Earnings Ratio|
|Micron Technology||$17.40 billion||1.94||$7.03 billion||$2.17||13.96|
|Coherent||$1.48 billion||3.66||$403.41 million||$6.63||33.19|
Micron Technology has higher revenue and earnings than Coherent. Micron Technology is trading at a lower price-to-earnings ratio than Coherent, indicating that it is currently the more affordable of the two stocks.
Coherent beats Micron Technology on 9 of the 14 factors compared between the two stocks.
Micron Technology Company Profile
Micron Technology, Inc. is engaged in semiconductor systems. The Company’s portfolio of memory technologies, including dynamic random-access memory (DRAM), negative-AND (NAND) Flash and NOR Flash are the basis for solid-state drives, modules, multi-chip packages and other system solutions. Its business segments include Compute and Networking Business Unit (CNBU), which includes memory products sold into compute, networking, graphics and cloud server markets; Mobile Business Unit (MBU), which includes memory products sold into smartphone, tablet and other mobile-device markets; Storage Business Unit (SBU), which includes memory products sold into enterprise, client, cloud and removable storage markets, and SBU also includes products sold to Intel through its Intel/Micron Flash Technology (IMFT) joint venture, and Embedded Business Unit (EBU), which includes memory products sold into automotive, industrial, connected home and consumer electronics markets.
Coherent Company Profile
Coherent, Inc. is a photonics manufacturer. The Company is engaged in designing, manufacturing, servicing and marketing of lasers and related accessories for a range of scientific, commercial and industrial applications. It operates through two segments: Specialty Lasers and Systems (SLS) and Commercial Lasers and Components (CLC). SLS develops and manufactures configurable products serving the microelectronics, scientific research and government programs, and original equipment manufacturer (OEM) components and instrumentation markets. The Commercial Lasers and Components segment focuses on higher volume products that are offered in set configurations. The product architectures are designed for exchange at the point of use such that substantially all product service and repairs are based upon advanced replacement and depot (that is factory) repair. CLC’s primary markets include materials processing, OEM components, and instrumentation and microelectronics.
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