Micron Technology (NASDAQ:MU) makes semiconductors and flash memory for use in a host of high-tech products, from computers to cars to mobile devices.
The semiconductor business hasn’t been grand over the last few years as the “post-PC age” weighs on traditional computer stocks and the margins get thinner for chipmakers and component manufacturers like Micron. However, the supply-and-demand balance seems to be working itself out, as a nascent recovery starts to bolster electronics sales and consolidation in the industry has allowed a floor under pricing.
Recent upgrades have pushed the stock to a 52-week high as of this writing, and if the dynamics of an improving semiconductor market hold, MU could continue its run. However, just beware that the company has had a lot of trouble turning a profit, and there still are risks.