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

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$40.55 -1.07 (-2.57 %)
(As of 03/26/2019 06:48 AM ET)
Previous Close$41.62
Today's Range$40.0630 - $41.98
52-Week Range$28.39 - $64.66
Volume34.41 million shs
Average Volume31.84 million shs
Market Capitalization$44.88 billion
P/E Ratio3.43
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 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$16.2851 per share
Book Value$28.59 per share

Profitability

Net Income$14.14 billion

Miscellaneous

Employees36,000
Outstanding Shares1,106,690,000
Market Cap$44.88 billion
Next Earnings Date6/19/2019 (Estimated)
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 stock buyback program on Monday, May 21st 2018, which authorizes the company to buyback $10,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 16.2% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its stock is undervalued.

How were Micron Technology's earnings last quarter?

Micron Technology, Inc. (NASDAQ:MU) announced its quarterly earnings data on Wednesday, March, 20th. The semiconductor manufacturer reported $1.71 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.67 by $0.04. The semiconductor manufacturer earned $5.84 billion during the quarter, compared to analysts' expectations of $5.82 billion. Micron Technology had a return on equity of 40.67% and a net margin of 43.56%. Micron Technology's quarterly revenue was down 20.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.82 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, June 19th 2019. View Earnings Estimates for Micron Technology.

What price target have analysts set for MU?

34 brokerages have issued 12 month target prices for Micron Technology's stock. Their forecasts range from $30.00 to $103.00. On average, they anticipate Micron Technology's stock price to reach $56.6786 in the next twelve months. This suggests a possible upside of 39.8% from the stock's current price. View Analyst Price Targets for Micron Technology.

What is the consensus analysts' recommendation for Micron Technology?

34 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Micron Technology in the last year. There are currently 2 sell ratings, 10 hold ratings and 22 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 reported weak Q2 results, hurt by higher-than-expected decline in DRAM and NAND pricing. Seasonality, soft smartphone and enterprise server sales, inventory adjustments with key customers, pause in datacenter hardware spending and Intel’s CPU shortages adversely impacted the company’s performance. Notably, shares have underperformed the S&P 500 composite in the past year. Nevertheless, strong growth in managed NAND products is boosting revenue growth of Micron’s Mobile Business Unit. Further, to tackle lower DRAM demand among customers, the company is idling 5% of its DRAM wafer starts and cutting down on capital expenditure. Moreover, Micron expects revival of growth in the second half of 2019 as it anticipates memory demand to improve owing to normalization in most customer inventories by mid-year. Introduction of server processors that support higher memory densities are likely to fuel demand for its solutions." (3/22/2019)
  • 2. Needham & Company LLC analysts commented, "Micron posted solid qrt., but guided lower given the unfavorable pricing environment. Despite a 21% drop in revenue Y/Y, inventory increased significantly with days of inv. rising from 107 to 134. Despite NAND and DRAM pricing being softer than expected in 1H19, MU expects a sharp snapback in 2H19, particularly in DRAM. We are encouraged by MU’s decision to cut NAND and DRAM output by 5% in FY19. However, we remain on the sidelines as we believe the recent run-up in the shares is already discounting a significant snapback in 2H19." (3/21/2019)
  • 3. Rosenblatt Securities analysts commented, "We are reducing our earnings estimates for Micron ahead of Wednesday’s February quarter earnings report. Market conditions for both DRAM and NAND remain challenging with current data center demand trends murky. Micron, as a memory cycle play, is quite interesting to us from a risk/reward perspective for investors with an eye for a 2020 industry recovery as supply/demand trends reverse positively. In terms of management posture on the Wednesday call, we see them remaining steadfast on the power of the new Micron financial model and to remain committed to being active in share buybacks and return over 50% of FCF to investors over the next several quarters." (3/19/2019)

Has Micron Technology been receiving favorable news coverage?

News stories about MU stock have been trending somewhat positive this week, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Micron Technology earned a daily sentiment score of 0.8 on InfoTrie's scale. They also assigned media stories about the semiconductor manufacturer a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the immediate future.

Are investors shorting Micron Technology?

Micron Technology saw a decrease in short interest in the month of 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 trading volume of 24,885,621 shares, the short-interest ratio is currently 2.0 days. Currently, 4.5% of the company's 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), 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 variety of of retail and institutional 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 institutional 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 institutional 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, 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 $40.55.

How big of a company is Micron Technology?

Micron Technology has a market capitalization of $44.88 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:  2,896 (Vote Outperform)
Underperform Votes:  1,318 (Vote Underperform)
Total Votes:  4,214
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 3/26/2019 by MarketBeat.com Staff

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