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

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$35.76 +1.88 (+5.55 %)
(As of 01/21/2019 07:04 AM ET)
Previous Close$33.88
Today's Range$34.06 - $36.19
52-Week Range$28.39 - $64.66
Volume44.87 million shs
Average Volume29.80 million shs
Market Capitalization$40.09 billion
P/E Ratio3.03
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. The company has strategic collaboration with BMW Group. Micron Technology, Inc. was founded in 1978 and is headquartered in Boise, Idaho.

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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$16.7103 per share
Book Value$28.59 per share

Profitability

Net Income$14.14 billion

Miscellaneous

Employees36,000
Outstanding Shares1,121,050,000
Market Cap$40.09 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 declared that its Board of Directors has authorized a share repurchase program on Monday, May 21st 2018, which allows the company to repurchase $10,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 16.2% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

How were Micron Technology's earnings last quarter?

Micron Technology, Inc. (NASDAQ:MU) announced its earnings results on Tuesday, December, 18th. The semiconductor manufacturer reported $2.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.90 by $0.07. The semiconductor manufacturer earned $7.91 billion during the quarter, compared to analyst estimates of $8.01 billion. Micron Technology had a return on equity of 48.58% and a net margin of 46.82%. During the same quarter in the previous year, the business earned $2.45 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 Thursday, March 28th 2019. View Earnings Estimates for Micron Technology.

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

Micron Technology updated its second quarter earnings guidance on Wednesday, December, 19th. The company provided earnings per share guidance of $1.65-1.85 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.45. The company issued revenue guidance of $5.7-6.3 billion, compared to the consensus revenue estimate of $7.18 billion.

What price target have analysts set for MU?

30 brokerages have issued twelve-month price targets for Micron Technology's shares. Their forecasts range from $32.00 to $120.00. On average, they anticipate Micron Technology's stock price to reach $59.1071 in the next year. This suggests a possible upside of 65.3% 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 1 sell rating, 10 hold ratings and 19 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. Needham & Company LLC analysts commented, "We maintain our Samsung’s lower preliminary outlook for 4Q18. Samsung cited excess inventory at its hyperscaler customers and weaker-than-expected demand in smartphones. Samsung also reiterated a similar view of Micron’s that it expects a 2H19 rebound driven by new CPU architectures and launches of new smartphones. Our view is that visibility into the 2H19 remains limited, and based on our industry conversations, excess inventory at hypersacalers will persist for at least another 3-6 months. Moreover, the slowing Chinese economy (exemplified by Apple’s massive miss) makes us cautious on overall demand conditions in the first half. While Micron is trading at historical low P/B and P/E multiples, we could see further downside to the shares if demand conditions worsen." (1/8/2019)
  • 2. According to Zacks Investment Research, "Micron reported mixed Q1 results, wherein earnings exceeded expectations but revenues missed the same. We note that although solid growth in mobile, automotive and industrial market drove revenues for the company, CPU shortages and inventory adjustments with several key customers in the cloud, graphics and enterprise market remained overhangs. Given the weaker demand environment, Micron issued a soft guidance for fiscal second quarter, which makes us apprehensive about its near term performance. However, management anticipates demand to improve in the second half of 2019. The company believes that growing demand for new camera and digital features and the increasing application of artificial intelligence will drive DRAM and NAND content in mobile devices.  Moreover, Micron’s focus on improvement in cost structure and increasing the mix of high-value solutions in its portfolio is likely to be a key growth driver." (12/19/2018)

Has Micron Technology been receiving favorable news coverage?

News stories about MU stock have trended somewhat negative this week, InfoTrie reports. InfoTrie identifies negative and positive media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Micron Technology earned a coverage optimism score of -1.4 on InfoTrie's scale. They also gave news headlines about the semiconductor manufacturer a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next few days.

Are investors shorting Micron Technology?

Micron Technology saw a increase in short interest during the month of December. As of December 31st, there was short interest totalling 54,333,105 shares, an increase of 9.0% from the December 14th total of 49,833,674 shares. Based on an average daily trading volume, of 45,966,273 shares, the days-to-cover ratio is presently 1.2 days. Approximately 5.1% of the company's shares are short sold. 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 60)
  • Mr. David A. Zinsner, Sr. VP & CFO (Age 50)
  • Mr. Manish H. Bhatia, Exec. VP of Global Operations (Age 47)
  • Mr. Scott J. DeBoer, Exec. VP of Technology Devel. (Age 53)
  • Mr. Sumit Sadana, Exec. VP & Chief Bus. Officer (Age 50)

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 DNB Asset Management AS (0.10%), Gateway Investment Advisers LLC (0.05%), Arvest Bank Trust Division (0.04%), Private Asset Management Inc. (0.03%), Nisa Investment Advisors LLC (0.03%) and Gulf International Bank UK Ltd (0.02%). 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 institutional investors are selling Micron Technology stock?

MU stock was sold by a variety of institutional investors in the last quarter, including Dalton Greiner Hartman Maher & Co., Gulf International Bank UK Ltd, Bowling Portfolio Management LLC, Nisa Investment Advisors LLC, Corrado Advisors LLC, Central Bank & Trust Co., Private Asset Management Inc. and State of Alaska Department of Revenue. 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 institutional investors are buying Micron Technology stock?

MU stock was bought by a variety of institutional investors in the last quarter, including DNB Asset Management AS, Boussard & Gavaudan Investment Management LLP, Denali Advisors LLC, First American Trust FSB, Oakbrook Investments LLC, Meeder Asset Management Inc., Gateway Investment Advisers LLC and IMA Wealth 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, Scottrade, Fidelity and Charles Schwab.

What is Micron Technology's stock price today?

One share of MU stock can currently be purchased for approximately $35.76.

How big of a company is Micron Technology?

Micron Technology has a market capitalization of $40.09 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:  2,841 (Vote Outperform)
Underperform Votes:  1,279 (Vote Underperform)
Total Votes:  4,120
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 1/21/2019 by MarketBeat.com Staff

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