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

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$39.65 +0.11 (+0.28 %)
(As of 03/18/2019 03:15 PM ET)
Previous Close$39.54
Today's Range$39.15 - $40.41
52-Week Range$28.39 - $64.66
Volume17.61 million shs
Average Volume33.16 million shs
Market Capitalization$44.45 billion
P/E Ratio3.35
Dividend YieldN/A
Beta1.87
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 Semiconductor Memory
Sub-IndustrySemiconductors
SectorComputer and Technology
CUSIP59511210
Phone208-368-4000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$30.39 billion
Cash Flow$16.8723 per share
Book Value$28.59 per share

Profitability

Net Income$14.14 billion

Miscellaneous

Employees36,000
Outstanding Shares1,121,047,000
Market Cap$44.45 billion
Next Earnings Date3/20/2019 (Confirmed)
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 of Directors has initiated 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 purchase up to 16.2% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its shares are undervalued.

How were Micron Technology's earnings last quarter?

Micron Technology, Inc. (NASDAQ:MU) issued 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 firm earned $2.45 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, March 20th 2019. View Earnings Estimates for Micron Technology.

How can I listen to Micron Technology's earnings call?

Micron Technology will be holding an earnings conference call on Wednesday, March 20th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

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 (EPS) guidance of $1.65-1.85 for the period, compared to the Thomson Reuters consensus EPS 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?

32 equities research analysts have issued 12-month price targets for Micron Technology's stock. Their predictions range from $32.00 to $120.00. On average, they expect Micron Technology's stock price to reach $58.75 in the next twelve months. This suggests a possible upside of 48.4% from the stock's current price. View Analyst Price Targets for Micron Technology.

What is the consensus analysts' recommendation for Micron Technology?

32 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Micron Technology in the last year. There are currently 1 sell rating, 11 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 is benefiting from solid growth in mobile, automotive and industrial market. The company expects growing demand for new camera and digital features and the increasing application of artificial intelligence will drive DRAM and NAND content in mobile devices. Robust demand for higher density DRAM products across the data center market is a boon. Moreover, growth in the automotive market is likely to be steadily fulled by rising demand for in-vehicle infotainment and advanced driver assistance systems. However, the company is hit by excess inventory with customers in the cloud, graphics and enterprise market. Fall in demand from key customers is a major headwind for the company. Moreover, the U.S.-China trade war has made the demand environment highly uncertain for Micron. Shares underperformed the S&P 500 index in the past year." (2/18/2019)
  • 2. 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)

Has Micron Technology been receiving favorable news coverage?

News headlines about MU stock have been trending somewhat positive recently, InfoTrie Sentiment reports. The research firm identifies positive and negative media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Micron Technology earned a media sentiment score of 1.1 on InfoTrie's scale. They also assigned headlines about the semiconductor manufacturer a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the immediate future.

Are investors shorting Micron Technology?

Micron Technology saw a decrease in short interest in February. As of February 28th, there was short interest totalling 50,885,845 shares, a decrease of 18.6% from the February 15th total of 62,501,762 shares. Based on an average daily trading volume, of 24,885,621 shares, the short-interest ratio is presently 2.0 days. Approximately 4.5% of the company's shares 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), Canopy Growth (CGC), Advanced Micro Devices (AMD), Intel (INTC), Netflix (NFLX), Bank of America (BAC), Applied Materials (AMAT) and Tesla (TSLA).

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 a number of of institutional and retail investors. Top institutional shareholders include Oregon Public Employees Retirement Fund (2.56%), Geode Capital Management LLC (1.31%), Dimensional Fund Advisors LP (1.21%), Northern Trust Corp (1.10%), Norges Bank (1.03%) and Donald Smith & CO. Inc. (0.69%). 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 CI Investments Inc., Sumitomo Mitsui Asset Management Company LTD, Pendal Group Ltd, State of Tennessee Treasury Department, KBC Group NV, Coatue Management LLC, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp and First Quadrant L P CA. Company insiders that have sold Micron Technology company stock in the last year include Mercedes Johnson, Patrick J Byrne, 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 purchased by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, Norges Bank, Sanders Capital LLC, Two Sigma Advisers LP, Brandywine Global Investment Management LLC, Parnassus Investments CA, Amundi Pioneer Asset Management Inc. and Chiron Investment Management LLC. 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 $39.5941.

How big of a company is Micron Technology?

Micron Technology has a market capitalization of $44.39 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:  2,882 (Vote Outperform)
Underperform Votes:  1,310 (Vote Underperform)
Total Votes:  4,192
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 3/18/2019 by MarketBeat.com Staff

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