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

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$42.4499 +0.92 (+2.22 %)
(As of 02/22/2019 03:23 PM ET)
Previous Close$41.53
Today's Range$41.83 - $42.50
52-Week Range$28.39 - $64.66
Volume18.13 million shs
Average Volume36.61 million shs
Market Capitalization$47.59 billion
P/E Ratio3.59
Dividend YieldN/A
Beta1.85
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$16.8452 per share
Book Value$28.59 per share

Profitability

Net Income$14.14 billion

Miscellaneous

Employees36,000
Outstanding Shares1,121,050,000
Market Cap$47.59 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 declared that its Board of Directors has approved a stock repurchase plan on Monday, May 21st 2018, which permits the company to buyback $10,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 16.2% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its shares are undervalued.

How were Micron Technology's earnings last quarter?

Micron Technology, Inc. (NASDAQ:MU) posted its quarterly earnings data on Tuesday, December, 18th. The semiconductor manufacturer reported $2.97 EPS for the quarter, topping the Zacks' consensus estimate of $2.90 by $0.07. The semiconductor manufacturer had revenue of $7.91 billion for the quarter, compared to analyst estimates of $8.01 billion. Micron Technology had a net margin of 46.82% and a return on equity of 48.58%. During the same period 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 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?

30 Wall Street analysts have issued 1-year target prices for Micron Technology's stock. 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 39.4% 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. 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 stories about MU stock have been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Micron Technology earned a news impact score of 1.7 on InfoTrie's scale. They also gave media coverage about the semiconductor manufacturer a news buzz of 4.0 out of 10, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.

Are investors shorting Micron Technology?

Micron Technology saw a increase in short interest in the month of January. As of January 31st, there was short interest totalling 59,676,042 shares, an increase of 2.4% from the January 15th total of 61,151,228 shares. Based on an average trading volume of 39,521,911 shares, the days-to-cover ratio is presently 1.5 days. Currently, 5.3% 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), Advanced Micro Devices (AMD), Canopy Growth (CGC), 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 many different of institutional and retail investors. Top institutional investors 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%), Donald Smith & CO. Inc. (0.69%) and Parnassus Investments CA (0.57%). 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 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 major investors are buying Micron Technology stock?

MU stock was bought by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, Sanders Capital LLC, Two Sigma Advisers LP, Brandywine Global Investment Management LLC, Parnassus Investments CA, Amundi Pioneer Asset Management Inc., Chiron Investment Management LLC and APG Asset Management N.V.. 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 $42.41.

How big of a company is Micron Technology?

Micron Technology has a market capitalization of $47.54 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:  2,864 (Vote Outperform)
Underperform Votes:  1,300 (Vote Underperform)
Total Votes:  4,164
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 2/22/2019 by MarketBeat.com Staff

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