About Micron Technology
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.
Industry, Sector and Symbol:
- Sector: Computer and Technology
- Industry: Semiconductor- Memory Chips
- Sub-Industry: Semiconductors
- Exchange: NASDAQ
- Symbol: MU
- CUSIP: 59511210
- Previous Close: $23.44
- 50 Day Moving Average: $23.39
- 200 Day Moving Average: $19.57
- 52-Week Range: $9.35 - $25.31
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 7.67
- P/E Growth: 9.39
- Market Cap: $26.85B
- Outstanding Shares: 1,102,751,000
- Beta: 1.93
- Net Margins: -2.32%
- Return on Equity: 0.81%
- Return on Assets: 0.40%
Companies Related to Micron Technology:
- Debt-to-Equity Ratio: 0.65%
- Current Ratio: 1.71%
- Quick Ratio: 1.22%
What is Micron Technology's stock symbol?
Micron Technology trades on the NASDAQ under the ticker symbol "MU."
Where is Micron Technology's stock going? Where will Micron Technology's stock price be in 2017?
35 equities research analysts have issued 1-year target prices for Micron Technology's shares. Their forecasts range from $9.00 to $35.00. On average, they expect Micron Technology's stock price to reach $24.09 in the next twelve months.
When will Micron Technology announce their earnings?
Micron Technology is scheduled to release their next quarterly earnings announcement on Tuesday, March, 28th 2017.
What are analysts saying about Micron Technology stock?
Here are some recent quotes from research analysts about Micron Technology stock:
- Robert W. Baird analysts commented, "Supply/demand outlook for both DRAM and NAND remain positive for 2017. Micron's execution in the ramp of 18nm DRAM is much improved from prior nodes, in our view. Concerns about a 2H17 peak in NAND supply/demand trends are unwarranted, in our view, and we expect tightness throughout the year, notably as 2D capacity needs to be decommissioned in order for 3D capacity to ramp. Outperform-rated." (2/27/2017)
According to Zacks Investment Research, "Memory chipmaker Micron is likely to benefit from the improving prices of DRAM and NAND chips as a result of better product mix optimization and stronger-than-expected demand for PCs, servers and mobiles. Moreover, industry experts believe that total demand could surpass manufacturing capacity, leading to a periodic shortage and higher pricing in the near term. We believe that any increase in prices will have a favorable impact on the company’s top line, the benefit of which is likely to flow down to the bottom line. Additionally, we are positive about the company’s strategy of enhancing capabilities through acquisitions which are likely to boost its top-line performance going forward. However, after acquiring SanDisk, Western Digital has become a key player in the NAND space, which could increase competition in the industry." (2/21/2017)
Needham & Company LLC analysts commented, "In this note, we outline the key highlights from Micron’s Winter Analyst Day. Net, we believe Micron is returning to 2014’s cycle with the positive caveat being that DRAM and NAND are increasingly sold into more diversified end markets (graphics, ADAS, networking, cloud) instead of just solely to PCs and smartphones. The net effect is demand outstripping supply in both NAND and DRAM end markets. With the transition to 3D NAND on track (margins should begin to improve), transition to 1xnm on DRAM, working capital management and no immediate changes to CAPEX (as of now), we expect Micron to generate $1.5BN of free cash flow in FY17 and gross margins could return to 36%." (2/2/2017)
Who owns Micron Technology stock?
Micron Technology's stock is owned by many different of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (1.26%), Arrowstreet Capital Limited Partnership (0.62%), Stelliam Investment Management LP (0.36%), TCW Group Inc. (0.35%), Fred Alger Management Inc. (0.34%) and AQR Capital Management LLC (0.32%). Company insiders that own Micron Technology stock include April S Arnzen, Brian Shirley, Ernest E Maddock, Joel L Poppen, Mercedes Johnson, Robert L Bailey, Scott J Deboer and Steven L Thorsen Jr.
Who sold Micron Technology stock? Who is selling Micron Technology stock?
Micron Technology's stock was sold by a variety of institutional investors in the last quarter, including Aviva PLC, Stelliam Investment Management LP, Thompson Siegel & Walmsley LLC, I.G. Investment Management LTD., Van ECK Associates Corp, Employees Retirement System of Texas, Cavalry Management Group LLC and Pinnacle Associates Ltd.. Company insiders that have sold Micron Technology stock in the last year include April S Arnzen, Brian Shirley, Scott J Deboer and Steven L Thorsen Jr.
Who bought Micron Technology stock? Who is buying Micron Technology stock?
Micron Technology's stock was acquired by a variety of institutional investors in the last quarter, including Arrowstreet Capital Limited Partnership, Fred Alger Management Inc., Appaloosa LP, AQR Capital Management LLC, Asset Management One Co. Ltd., Assenagon Asset Management S.A., Janus Capital Management LLC and Systematic Financial Management LP.
How do I buy Micron Technology stock?
Shares of Micron Technology can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Micron Technology stock cost?
One share of Micron Technology stock can currently be purchased for approximately $23.40.