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Micron Technology Stock Price, Forecast & Analysis (NASDAQ:MU)

$46.30
-0.60 (-1.28 %)
(As of 11/14/2019 01:58 AM ET)
Today's Range
$45.81
Now: $46.30
$46.55
50-Day Range
$41.89
MA: $45.87
$49.56
52-Week Range
$28.39
Now: $46.30
$51.39
Volume15.83 million shs
Average Volume27.32 million shs
Market Capitalization$51.26 billion
P/E Ratio7.53
Dividend YieldN/A
Beta2
Micron Technology, Inc engages in the provision of innovative memory and storage solutions. It operates through the following segments: Compute and Networking Business Unit (CNBU); Mobile Business Unit (MBU); Storage Business Unit (SBU); and Embedded Business Unit (EBU). The Compute and Networking Business Unit segment includes memory products sold into cloud server, enterprise, client, graphics, and networking markets. Read More…

Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustrySemiconductors
SectorComputer and Technology
CUSIP59511210
Phone208-368-4000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$23.41 billion
Cash Flow$11.16 per share
Book Value$33.31 per share

Profitability

Net Income$6.31 billion

Miscellaneous

Employees37,000
Outstanding Shares1,107,051,000
Market Cap$51.26 billion
Next Earnings Date12/17/2019 (Estimated)
OptionableOptionable

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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 declared that its Board of Directors has approved a share repurchase plan on Monday, May 21st 2018, which permits the company to repurchase $10,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 16.2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

How were Micron Technology's earnings last quarter?

Micron Technology, Inc. (NASDAQ:MU) released its quarterly earnings data on Thursday, September, 26th. The semiconductor manufacturer reported $0.56 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.43 by $0.13. The semiconductor manufacturer had revenue of $4.87 billion for the quarter, compared to analysts' expectations of $4.56 billion. Micron Technology had a net margin of 26.97% and a return on equity of 19.81%. The company's revenue for the quarter was down 42.3% compared to the same quarter last year. During the same period in the prior year, the company posted $3.53 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 17th 2019. View Earnings Estimates for Micron Technology.

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

Micron Technology issued an update on its first quarter earnings guidance on Thursday, September, 26th. The company provided earnings per share (EPS) guidance of $0.39-0.53 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.49. The company issued revenue guidance of $4.8-5.2 billion, compared to the consensus revenue estimate of $4.78 billion.

What price target have analysts set for MU?

35 Wall Street analysts have issued 12 month price objectives for Micron Technology's shares. Their forecasts range from $30.00 to $90.00. On average, they anticipate Micron Technology's share price to reach $53.46 in the next year. This suggests a possible upside of 15.5% from the stock's current price. View Analyst Price Targets for Micron Technology.

What is the consensus analysts' recommendation for Micron Technology?

35 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Micron Technology in the last year. There are currently 3 sell ratings, 10 hold ratings and 22 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Micron Technology.

What are Wall Street analysts saying about Micron Technology stock?

Here are some recent quotes from research analysts about Micron Technology stock:
  • 1. Rosenblatt Securities analysts commented, "We are taking the opportunity to adjust our model for the Huawei blacklisting dynamic, which for Micron is a ~13% hit to sales in the near-term. We expect Micron can make some of this hit elsewhere globally over time." (5/24/2019)
  • 2. According to Zacks Investment Research, "Micron is benefiting from strong growth in managed NAND products, which is boosting revenues of its Mobile Business Unit. Moreover, it expects revival of growth in the second half of calendar 2019 as it anticipates memory demand to improve owing to normalization in most customer inventories by mid-year. Introduction of server processors that support higher memory densities is likely to fuel demand for its solutions. The company has mixed record of earnings surprises in recent quarters. However, Micron is hurt by significant decline in DRAM and NAND pricing. Seasonality, soft smartphone and enterprise server sales, inventory adjustments with key customers, pause in datacenter hardware spending and Intel’s CPU shortages adversely impacted the company’s performance. The tepid guidance for the fiscal third quarter makes us apprehensive about its near-term performance. Shares have underperformed the S&P 500 year to date." (5/21/2019)
  • 3. Needham & Company LLC analysts commented, "Micron posted solid qrt., but guided lower given the unfavorable pricing environment. Despite a 21% drop in revenue Y/Y, inventory increased significantly with days of inv. rising from 107 to 134. Despite NAND and DRAM pricing being softer than expected in 1H19, MU expects a sharp snapback in 2H19, particularly in DRAM. We are encouraged by MU’s decision to cut NAND and DRAM output by 5% in FY19. However, we remain on the sidelines as we believe the recent run-up in the shares is already discounting a significant snapback in 2H19." (3/21/2019)

Has Micron Technology been receiving favorable news coverage?

News coverage about MU stock has trended somewhat positive on Thursday, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of press coverage by monitoring more than six thousand blog and news 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 daily sentiment score of 1.7 on InfoTrie's scale. They also gave news coverage about the semiconductor manufacturer a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View News Stories for Micron Technology.

Who are some of Micron Technology's key competitors?

What other stocks do shareholders of Micron Technology own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Micron Technology investors own include NVIDIA (NVDA), Alibaba Group (BABA), General Electric (GE), Canopy Growth (CGC), CA (CA), Endologix (ELGX), BlackRock (BLK), Bank of America (BAC), Advanced Micro Devices (AMD) and Netflix (NFLX).

Who are Micron Technology's key executives?

Micron Technology's management team includes the folowing people:
  • Sanjay Mehrotra, President, Chief Executive Officer & Director
  • Manish Bhatia, Executive Vice President-Global Operations
  • David A. Zinsner, Chief Financial Officer & Senior Vice President
  • Scott J. DeBoer, Executive Vice President-Technology Development
  • Trevor Schulze, Chief Information Officer & Vice President-IT

Who are Micron Technology's major shareholders?

Micron Technology's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.39%), Manning & Napier Group LLC (0.38%), First Trust Advisors LP (0.28%), California Public Employees Retirement System (0.22%), Artemis Investment Management LLP (0.22%) and Donald Smith & CO. Inc. (0.21%). Company insiders that own Micron Technology stock include April S Arnzen, Joel L Poppen, Mercedes Johnson, Michael W Bokan, 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 Donald Smith & CO. Inc., Teacher Retirement System of Texas, First Trust Advisors LP, Assenagon Asset Management S.A., Russell Investments Group Ltd., Sumitomo Mitsui Trust Holdings Inc., Global Thematic Partners LLC and State of New Jersey Common Pension Fund D. Company insiders that have sold Micron Technology company stock in the last year include April S Arnzen, Joel L Poppen, Michael W Bokan, Patrick J Byrne and Scott J Deboer. 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 Manning & Napier Group LLC, Railway Pension Investments Ltd, California Public Employees Retirement System, Artemis Investment Management LLP, Banco Santander S.A., Meritage Portfolio Management, Atalanta Sosnoff Capital LLC and Crossmark Global Holdings Inc.. 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, Robinhood, Fidelity and Charles Schwab.

What is Micron Technology's stock price today?

One share of MU stock can currently be purchased for approximately $46.30.

How big of a company is Micron Technology?

Micron Technology has a market capitalization of $51.26 billion and generates $23.41 billion in revenue each year. The semiconductor manufacturer earns $6.31 billion in net income (profit) each year or $6.15 on an earnings per share basis. Micron Technology employs 37,000 workers across the globe.View Additional Information About Micron Technology.

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:  3.4 out of 5 (star star star)
Outperform Votes:  3,080 (Vote Outperform)
Underperform Votes:  1,407 (Vote Underperform)
Total Votes:  4,487
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 11/14/2019 by MarketBeat.com Staff

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