NASDAQ:MU - Micron Technology Stock Price, News, & Analysis

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$39.44 -0.47 (-1.18 %)
(As of 11/16/2018 04:00 PM ET)
Previous Close$39.44
Today's Range$38.33 - $39.7055
52-Week Range$33.82 - $64.66
Volume25.26 million shs
Average Volume44.51 million shs
Market Capitalization$42.93 billion
P/E Ratio3.34
Dividend YieldN/A
Beta1.69
Micron Technology, Inc. manufactures and sells memory and storage solutions worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded Business Unit. It offers memory and storage technologies, including DRAM, NAND, NOR Flash, and 3D XPoint memory under the Micron, Crucial, and Ballistix brands, as well as private labels. The company provides memory products for the cloud server, enterprise, client, graphics, and networking markets; memory products for smartphone and other mobile-device markets; SSDs and component-level solutions for the enterprise and cloud, client, and consumer SSD markets; other discrete storage products in component and wafer forms for the removable storage markets, as well as 3D XPoint memory products; and memory and storage products for the automotive, industrial, and consumer markets. It markets its products through its internal sales force, independent sales representatives, distributors, and e-tailers; and Web-based customer direct sales channel, as well as through channel and distribution partners primarily to original equipment manufacturers and retailers. Micron Technology, Inc. was founded in 1978 and is headquartered in Boise, Idaho.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Semiconductors & related devices
Sub-IndustrySemiconductors
SectorComputer and Technology
Current SymbolNASDAQ:MU
Previous Symbol
CUSIP59511210
Phone208-368-4000

Debt

Debt-to-Equity Ratio0.11
Current Ratio2.79
Quick Ratio2.16

Price-To-Earnings

Trailing P/E Ratio3.34
Forward P/E Ratio3.93
P/E Growth0.59

Sales & Book Value

Annual Sales$30.39 billion
Price / Sales1.47
Cash Flow$17.4513 per share
Price / Cash2.26
Book Value$28.59 per share
Price / Book1.38

Profitability

EPS (Most Recent Fiscal Year)$11.82
Net Income$14.14 billion
Net Margins46.51%
Return on Equity51.68%
Return on Assets35.57%

Miscellaneous

Employees36,000
Outstanding Shares1,134,260,000
Market Cap$42.93 billion
OptionableOptionable

Micron Technology (NASDAQ:MU) Frequently Asked Questions

What is Micron Technology's stock symbol?

Micron Technology trades on the NASDAQ under the ticker symbol "MU."

How will Micron Technology's stock buyback program work?

Micron Technology announced that its board has authorized a share buyback plan on Monday, May 21st 2018, which authorizes the company to repurchase $10,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 16.2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its stock is undervalued.

How were Micron Technology's earnings last quarter?

Micron Technology, Inc. (NASDAQ:MU) announced its quarterly earnings data on Thursday, September, 20th. The semiconductor manufacturer reported $3.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.33 by $0.20. The semiconductor manufacturer had revenue of $8.44 billion for the quarter, compared to analyst estimates of $8.25 billion. Micron Technology had a net margin of 46.51% and a return on equity of 51.68%. The firm's quarterly revenue was up 37.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.02 EPS. View Micron Technology's Earnings History.

When is Micron Technology's next earnings date?

Micron Technology is scheduled to release their next quarterly earnings announcement on Tuesday, December 18th 2018. View Earnings Estimates for Micron Technology.

What guidance has Micron Technology issued on next quarter's earnings?

Micron Technology updated its first quarter earnings guidance on Thursday, September, 20th. The company provided earnings per share (EPS) guidance of $2.87-3.02 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.06. The company issued revenue guidance of $7.9-8.3 billion, compared to the consensus revenue estimate of $8.42 billion.

What price target have analysts set for MU?

30 analysts have issued 12 month price objectives for Micron Technology's stock. Their forecasts range from $35.00 to $120.00. On average, they anticipate Micron Technology's share price to reach $67.0357 in the next twelve months. This suggests a possible upside of 70.0% from the stock's current price. View Analyst Price Targets for Micron Technology.

What is the consensus analysts' recommendation for Micron Technology?

30 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Micron Technology in the last year. There are currently 10 hold ratings, 19 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Micron Technology.

Has Micron Technology been receiving favorable news coverage?

News headlines about MU stock have been trending somewhat positive this week, according to InfoTrie. The research firm identifies negative and positive news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Micron Technology earned a coverage optimism score of 1.4 on InfoTrie's scale. They also assigned news headlines about the semiconductor manufacturer a news buzz of 9.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the near future.

Are investors shorting Micron Technology?

Micron Technology saw a drop in short interest during the month of October. As of October 31st, there was short interest totalling 54,916,454 shares, a drop of 4.5% from the October 15th total of 57,500,521 shares. Based on an average daily volume of 37,249,698 shares, the days-to-cover ratio is presently 1.5 days. Currently, 5.0% of the shares of the stock are sold short. View Micron Technology's Current Options Chain.

Who are some of Micron Technology's key competitors?

Who are Micron Technology's key executives?

Micron Technology's management team includes the folowing people:
  • Mr. Sanjay Mehrotra, CEO, Pres & Director (Age 59)
  • Mr. Scott J. DeBoer, Exec. VP of Technology Devel. (Age 52)
  • Mr. Joel L. Poppen, Sr. VP of Legal Affairs, Gen. Counsel & Corp. Sec. (Age 54)
  • Mr. Brian M. Shirley, Sr. VP of DRAM & Emerging Memory Engineering (Age 49)
  • Mr. Steven L. Thorsen Jr., Advisor (Age 53)

Who are Micron Technology's major shareholders?

Micron Technology's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Primecap Management Co. CA (5.12%), AQR Capital Management LLC (2.52%), Capital World Investors (2.22%), Dimensional Fund Advisors LP (1.19%), Janus Henderson Group PLC (0.84%) and Donald Smith & CO. Inc. (0.68%). Company insiders that own Micron Technology stock include April S Arnzen, Brian Shirley, Ernest E Maddock, Joel L Poppen, Lawrence N Mondry, Mercedes Johnson, Patrick J Byrne, Robert E Switz, Robert L Bailey, Scott J Deboer and Steven L Thorsen Jr. View Institutional Ownership Trends for Micron Technology.

Which major investors are selling Micron Technology stock?

MU stock was sold by a variety of institutional investors in the last quarter, including Capital Research Global Investors, CI Investments Inc., Mitsubishi UFJ Trust & Banking Corp, Zweig DiMenna Associates LLC, Schroder Investment Management Group, TCW Group Inc., DNB Asset Management AS and TIAA CREF Investment Management LLC. Company insiders that have sold Micron Technology company stock in the last year include April S Arnzen, Mercedes Johnson, Patrick J Byrne, Robert E Switz, Robert L Bailey, Scott J Deboer and Steven L Thorsen Jr. View Insider Buying and Selling for Micron Technology.

Which major investors are buying Micron Technology stock?

MU stock was bought by a variety of institutional investors in the last quarter, including Capital World Investors, AQR Capital Management LLC, Janus Henderson Group PLC, Senator Investment Group LP, Global Thematic Partners LLC, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp, Tekne Capital Management LLC and Russell Investments Group Ltd.. View Insider Buying and Selling for Micron Technology.

How do I buy shares of Micron Technology?

Shares of MU can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Micron Technology's stock price today?

One share of MU stock can currently be purchased for approximately $39.44.

How big of a company is Micron Technology?

Micron Technology has a market capitalization of $42.93 billion and generates $30.39 billion in revenue each year. The semiconductor manufacturer earns $14.14 billion in net income (profit) each year or $11.82 on an earnings per share basis. Micron Technology employs 36,000 workers across the globe.

What is Micron Technology's official website?

The official website for Micron Technology is http://www.micron.com.

How can I contact Micron Technology?

Micron Technology's mailing address is 8000 S FEDERAL WAY, BOISE ID, 83716. The semiconductor manufacturer can be reached via phone at 208-368-4000 or via email at [email protected]


MarketBeat Community Rating for Micron Technology (NASDAQ MU)

Community Ranking:  3.5 out of 5 (star star star half star)
Outperform Votes:  2,788 (Vote Outperform)
Underperform Votes:  1,222 (Vote Underperform)
Total Votes:  4,010
MarketBeat's community ratings are surveys of what our community members think about Micron Technology and other stocks. Vote "Outperform" if you believe MU will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MU will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/17/2018 by MarketBeat.com Staff

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