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

$43.48
-1.31 (-2.92 %)
(As of 03/29/2020 02:40 AM ET)
Today's Range
$42.31
Now: $43.48
$45.28
50-Day Range
$34.47
MA: $50.14
$59.99
52-Week Range
$31.13
Now: $43.48
$61.19
Volume39.41 million shs
Average Volume37.82 million shs
Market Capitalization$48.18 billion
P/E Ratio21.52
Dividend YieldN/A
Beta1.78
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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Micron Technology logo

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$23.41 billion
Cash Flow$11.04 per share
Book Value$33.41 per share

Profitability

Net Income$6.31 billion

Miscellaneous

Employees37,000
Outstanding Shares1,108,200,000
Market Cap$48.18 billion
Next Earnings Date6/23/2020 (Estimated)
OptionableOptionable

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Micron Technology (NASDAQ:MU) Frequently Asked Questions

How has Micron Technology's stock been impacted by COVID-19 (Coronavirus)?

Micron Technology's stock was trading at $43.72 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, MU stock has decreased by 0.5% and is now trading at $43.48. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Micron Technology?

29 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Micron Technology in the last year. There are currently 2 sell ratings, 3 hold ratings and 24 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Micron Technology.

When is Micron Technology's next earnings date?

Micron Technology is scheduled to release its next quarterly earnings announcement on Tuesday, June 23rd 2020. View our earnings forecast for Micron Technology.

How were Micron Technology's earnings last quarter?

Micron Technology, Inc. (NASDAQ:MU) released its quarterly earnings results on Wednesday, March, 25th. The semiconductor manufacturer reported $0.45 EPS for the quarter, beating the Zacks' consensus estimate of $0.37 by $0.08. The semiconductor manufacturer had revenue of $4.80 billion for the quarter, compared to analysts' expectations of $4.69 billion. Micron Technology had a return on equity of 7.16% and a net margin of 11.72%. The company's revenue for the quarter was down 17.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.71 earnings per share. View Micron Technology's earnings history.

How will Micron Technology's stock buyback program work?

Micron Technology announced that its board has authorized a share buyback program 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 reacquire up to 16.2% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its shares are undervalued.

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

Micron Technology updated its third quarter earnings guidance on Wednesday, March, 25th. The company provided earnings per share guidance of $0.40-$0.70 for the period, compared to the Thomson Reuters consensus estimate of $0.54. The company issued revenue guidance of $4.6-$5.2 billion, compared to the consensus revenue estimate of $4.88 billion.

What price target have analysts set for MU?

29 brokerages have issued 12-month price objectives for Micron Technology's stock. Their forecasts range from $32.00 to $100.00. On average, they anticipate Micron Technology's share price to reach $61.02 in the next year. This suggests a possible upside of 40.3% from the stock's current price. View analysts' price targets 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 well-poised to benefit from the resurgence in DRAM demand, backed by a progress in customer inventory adjustments in the cloud, graphics and the PC markets. Moreover, its focus on increasing the mix of high-value solutions in its portfolio is a boon. Further, introduction of server processors that supports higher memory densities is likely to fuel demand for its solutions. Also, its decision to cut down on capital expenditure will enable it to reach a balanced inventory level. Estimates going up ahead of the company's Q1 earnings release. However, higher mix of NAND, which has lower gross margin, falling memory prices and a slow decline in manufacturing cost, is likely to keep margins under pressure. Uncertainty hovering over trade is a concern as well. The company has mixed record of earnings surprises in recent quarters." (12/16/2019)
  • 2. Rosenblatt Securities analysts commented, "We are taking the opportunity to adjust our model for the Huawei blacklisting dynamic, which for Micron is a ~13% hit to sales in the near-term. We expect Micron can make some of this hit elsewhere globally over time." (5/24/2019)

Has Micron Technology been receiving favorable news coverage?

Press coverage about MU stock has been trending negative recently, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of 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 closest to five being the most favorable. Micron Technology earned a news sentiment score of -2.1 on InfoTrie's scale. They also assigned media stories about the semiconductor manufacturer a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutMicron Technology.

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), CA (CA), Advanced Micro Devices (AMD), Endologix (ELGX), Bank of America (BAC), BlackRock (BLK) and Netflix (NFLX).

Who are Micron Technology's key executives?

Micron Technology's management team includes the following 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

What is Micron Technology's stock symbol?

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

Who are Micron Technology's major shareholders?

Micron Technology's stock is owned by many different institutional and retail investors. Top institutional investors include State Street Corp (4.31%), Sanders Capital LLC (1.67%), Geode Capital Management LLC (1.48%), Capital Research Global Investors (1.26%), Norges Bank (1.09%) and Bank of New York Mellon Corp (1.06%). Company insiders that own Micron Technology stock include April S Arnzen, Joel L Poppen, Mercedes Johnson, Michael W Bokan, Patrick J Byrne, Robert E Switz, 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 Capital World Investors, Renaissance Technologies LLC, Capital Research Global Investors, AQR Capital Management LLC, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main, Marshall Wace North America L.P., Nuveen Asset Management LLC, and Artemis Investment Management LLP. Company insiders that have sold Micron Technology company stock in the last year include April S Arnzen, Joel L Poppen, Michael W Bokan, Patrick J Byrne, and Scott J Deboer. View insider buying and selling activity 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 Sanders Capital LLC, Norges Bank, Boston Partners, Capital International Investors, Prudential Financial Inc., Amundi Pioneer Asset Management Inc., FIL Ltd, and Schroder Investment Management Group. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Micron Technology's stock price today?

One share of MU stock can currently be purchased for approximately $43.48.

How big of a company is Micron Technology?

Micron Technology has a market capitalization of $48.18 billion and generates $23.41 billion in revenue each year. The semiconductor manufacturer earns $6.31 billion in net income (profit) each year or $6.15 on an earnings per share basis. Micron Technology employs 37,000 workers across the globe. View additional information about Micron Technology.

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:  3.5 out of 5 (star star star half star)
Outperform Votes:  3,305 (Vote Outperform)
Underperform Votes:  1,478 (Vote Underperform)
Total Votes:  4,783
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 3/29/2020 by MarketBeat.com Staff

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