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

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$34.62 -1.44 (-3.99 %)
(As of 05/20/2019 04:00 PM ET)
Previous Close$36.06
Today's Range$34.3250 - $35.20
52-Week Range$28.39 - $64.66
Volume32.62 million shs
Average Volume30.36 million shs
Market Capitalization$38.31 billion
P/E Ratio2.93
Dividend YieldN/A
Beta1.84
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. The Mobile Business Unit segment offers memory products sold into smartphone, and other mobile-device markets. The Storage Business Unit segment comprises of SSDs and component-level solutions sold into enterprise and cloud, client, and consumer solid-state drive (SSD) markets, other discrete storage products sold in component and wafer forms to the removable storage markets, and sales of 3D XPoint memory. The Embedded Business Unit segment consists of memory and storage products sold into automotive, industrial, and consumer markets. The company was founded by Ward D. Parkinson, Joseph L. Parkinson, Dennis Wilson, and Doug Pitman in October 1978 and is headquartered in Boise, ID.

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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$30.39 billion
Cash Flow$16.0278 per share
Book Value$28.59 per share

Profitability

Net Income$14.14 billion

Miscellaneous

Employees36,000
Outstanding Shares1,106,687,000
Market Cap$38.31 billion
Next Earnings Date6/19/2019 (Estimated)
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 approved a stock buyback 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 buy up to 16.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its stock is undervalued.

How were Micron Technology's earnings last quarter?

Micron Technology, Inc. (NASDAQ:MU) issued its quarterly earnings results on Wednesday, March, 20th. The semiconductor manufacturer reported $1.71 EPS for the quarter, topping the consensus estimate of $1.67 by $0.04. The semiconductor manufacturer had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.82 billion. Micron Technology had a net margin of 43.56% and a return on equity of 40.67%. The company's revenue was down 20.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.82 earnings per share. 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 Wednesday, June 19th 2019. View Earnings Estimates for Micron Technology.

What price target have analysts set for MU?

33 analysts have issued 12 month price objectives for Micron Technology's shares. Their forecasts range from $30.00 to $103.00. On average, they expect Micron Technology's stock price to reach $55.3077 in the next year. This suggests a possible upside of 59.8% from the stock's current price. View Analyst Price Targets for Micron Technology.

What is the consensus analysts' recommendation for Micron Technology?

33 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 20 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. According to Zacks Investment Research, "Micron reported weak Q2 results, hurt by higher-than-expected 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. Notably, shares have underperformed the S&P 500 composite in the past year. Nevertheless, strong growth in managed NAND products is boosting revenue growth of Micron’s Mobile Business Unit. Further, to tackle lower DRAM demand among customers, the company is idling 5% of its DRAM wafer starts and cutting down on capital expenditure. Moreover, Micron expects revival of growth in the second half of 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 are likely to fuel demand for its solutions." (3/22/2019)
  • 2. 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)
  • 3. Rosenblatt Securities analysts commented, "We are reducing our earnings estimates for Micron ahead of Wednesday’s February quarter earnings report. Market conditions for both DRAM and NAND remain challenging with current data center demand trends murky. Micron, as a memory cycle play, is quite interesting to us from a risk/reward perspective for investors with an eye for a 2020 industry recovery as supply/demand trends reverse positively. In terms of management posture on the Wednesday call, we see them remaining steadfast on the power of the new Micron financial model and to remain committed to being active in share buybacks and return over 50% of FCF to investors over the next several quarters." (3/19/2019)

Has Micron Technology been receiving favorable news coverage?

Media stories about MU stock have trended somewhat negative on Monday, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Micron Technology earned a news impact score of -1.6 on InfoTrie's scale. They also gave headlines about the semiconductor manufacturer a news buzz of 8.0 out of 10, indicating that recent press coverage is very likely to have an impact on the company's share price in the next several days.

Are investors shorting Micron Technology?

Micron Technology saw a drop in short interest in April. As of April 15th, there was short interest totalling 36,436,900 shares, a drop of 17.9% from the March 29th total of 44,405,582 shares. Based on an average daily volume of 25,468,817 shares, the short-interest ratio is presently 1.4 days. Approximately 3.3% of the shares of the stock are short sold. View Micron Technology's Current Options Chain.

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), CA (CA), Canopy Growth (CGC), Endologix (ELGX), BlackRock (BLK), Advanced Micro Devices (AMD), Chipotle Mexican Grill (CMG) and Hawkins (HWKN).

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 many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.56%), Primecap Management Co. CA (5.22%), Wellington Management Group LLP (2.00%), AQR Capital Management LLC (1.75%), Appaloosa LP (1.74%) and Geode Capital Management LLC (1.38%). 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 Blair William & Co. IL, Man Group plc, Lazard Asset Management LLC, Victory Capital Management Inc., AQR Capital Management LLC, Amundi Pioneer Asset Management Inc., BlackRock Inc. and Donald Smith & CO. Inc.. Company insiders that have sold Micron Technology company stock in the last year include April S Arnzen, Joel L Poppen, Robert E Switz, 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 Wellington Management Group LLP, Appaloosa LP, Platinum Investment Management Ltd., Jericho Capital Asset Management L.P., Viking Global Investors LP, Los Angeles Capital Management & Equity Research Inc., Sumitomo Mitsui Asset Management Company LTD and FIL 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 $34.62.

How big of a company is Micron Technology?

Micron Technology has a market capitalization of $38.31 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:  3.4 out of 5 (star star star)
Outperform Votes:  2,931 (Vote Outperform)
Underperform Votes:  1,333 (Vote Underperform)
Total Votes:  4,264
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 5/20/2019 by MarketBeat.com Staff

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