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

Micron Technology trades on the NASDAQ under the ticker symbol "MU."

Micron Technology declared that its board has initiated a share buyback plan on Monday, May 21st 2018, which allows the company to repurchase $10,000,000,000.00 in 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 plans are typically a sign that the company's leadership believes its stock is undervalued.

Micron Technology, Inc. (NASDAQ:MU) released its earnings results on Wednesday, June, 20th. The semiconductor manufacturer reported $3.15 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $3.13 by $0.02. The semiconductor manufacturer earned $7.80 billion during the quarter, compared to analyst estimates of $7.76 billion. Micron Technology had a net margin of 43.35% and a return on equity of 51.12%. Micron Technology's revenue was up 40.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.62 EPS. View Micron Technology's Earnings History.

Micron Technology is scheduled to release their next quarterly earnings announcement on Tuesday, September, 25th 2018. View Earnings Estimates for Micron Technology.

Micron Technology issued an update on its fourth quarter earnings guidance on Wednesday, June, 20th. The company provided earnings per share guidance of $3.23-3.37 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.17. The company issued revenue guidance of $8-8.4 billion, compared to the consensus revenue estimate of $8.02 billion.

30 brokers have issued 1-year price targets for Micron Technology's shares. Their predictions range from $35.00 to $120.00. On average, they expect Micron Technology's stock price to reach $72.2667 in the next twelve months. This suggests a possible upside of 44.7% from the stock's current price. View Analyst Price Targets for Micron Technology.

30 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Micron Technology in the last year. There are currently 6 hold ratings, 23 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Micron Technology.

Micron Technology saw a drop in short interest in the month of July. As of July 31st, there was short interest totalling 49,307,059 shares, a drop of 3.9% from the July 13th total of 51,298,358 shares. Based on an average daily trading volume, of 32,657,400 shares, the short-interest ratio is presently 1.5 days. Currently, 4.4% of the company's stock are short sold. View Micron Technology's Current Options Chain.

Some companies that are related to Micron Technology include Taiwan Semiconductor Mfg. (TSM), NVIDIA (NVDA), Texas Instruments (TXN), Broadcom (AVGO), Applied Materials (AMAT), Analog Devices (ADI), NXP Semiconductors (NXPI), Infineon Technologies (IFNNY), TOKYO ELECTRON/ADR (TOELY), Kyocera (KYO), Microchip Technology (MCHP), Advanced Micro Devices (AMD), Xilinx (XLNX), STMicroelectronics (STM) and Maxim Integrated Products (MXIM).

News headlines about MU stock have trended somewhat positive this week, according to Accern Sentiment. The research group identifies negative and positive press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Micron Technology earned a media and rumor sentiment score of 0.15 on Accern's scale. They also gave media coverage about the semiconductor manufacturer an impact score of 48.43 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next few days. View Recent Headlines for Micron Technology.

Micron Technology's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (1.17%), Waddell & Reed Financial Inc. (1.01%), Janus Henderson Group PLC (0.71%), Donald Smith & CO. Inc. (0.67%), Schwab Charles Investment Management Inc. (0.44%) and Legal & General Group Plc (0.43%). 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.

MU stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Daiwa Securities Group Inc., Ontario Teachers Pension Plan Board, Bank of Nova Scotia, Canada Pension Plan Investment Board, Los Angeles Capital Management & Equity Research Inc., Waddell & Reed Financial Inc. and CIBC World Markets Inc.. Company insiders that have sold Micron Technology company stock in the last year include April S Arnzen, Joel L Poppen, 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.

MU stock was acquired by a variety of institutional investors in the last quarter, including Senator Investment Group LP, Point72 Asset Management L.P., Natixis, Parnassus Investments CA, Global Thematic Partners LLC, ClariVest Asset Management LLC, Commerzbank Aktiengesellschaft FI and Worldquant Millennium Quantitative Strategies LLC. View Insider Buying and Selling for 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.

One share of MU stock can currently be purchased for approximately $49.94.

Micron Technology has a market capitalization of $54.64 billion and generates $20.32 billion in revenue each year. The semiconductor manufacturer earns $5.09 billion in net income (profit) each year or $4.41 on an earnings per share basis. Micron Technology employs 34,100 workers across the globe.

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]