NASDAQ:MU - Micron Technology Stock Price, News, Headlines & Rumors

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

Micron Technology declared that its Board of Directors has initiated a share repurchase plan 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 plans are generally a sign that the company's board of directors believes its shares are undervalued.

Micron Technology, Inc. (NASDAQ:MU) released its quarterly earnings data on Wednesday, June, 20th. The semiconductor manufacturer reported $3.15 EPS for the quarter, beating the consensus estimate of $3.13 by $0.02. The semiconductor manufacturer had revenue of $7.80 billion for the quarter, compared to analyst estimates of $7.76 billion. Micron Technology had a return on equity of 51.12% and a net margin of 43.35%. The business's revenue was up 40.1% compared to the same quarter last year. During the same quarter in the prior year, the business 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 equities research analysts have issued twelve-month price objectives for Micron Technology's stock. Their forecasts range from $35.00 to $120.00. On average, they expect Micron Technology's share price to reach $72.50 in the next twelve months. This suggests a possible upside of 43.2% 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 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 volume of 32,657,400 shares, the short-interest ratio is currently 1.5 days. Approximately 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 Intel (INTC), 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), Microchip Technology (MCHP), Kyocera (KYO), Advanced Micro Devices (AMD), STMicroelectronics (STM) and Xilinx (XLNX).

Media headlines about MU stock have trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Micron Technology earned a news and rumor sentiment score of 0.22 on Accern's scale. They also assigned media stories about the semiconductor manufacturer an impact score of 48.72 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the next few days. View Recent Headlines for Micron Technology.

Micron Technology's stock is owned by a number of of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (1.17%), Janus Henderson Group PLC (0.71%), Donald Smith & CO. Inc. (0.67%), Schwab Charles Investment Management Inc. (0.44%), Legal & General Group Plc (0.43%) and Parnassus Investments CA (0.42%). 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 Daiwa Securities Group Inc., Ontario Teachers Pension Plan Board, Canada Pension Plan Investment Board, Los Angeles Capital Management & Equity Research Inc., CIBC World Markets Inc., Sumitomo Mitsui Asset Management Company LTD, Donald Smith & CO. Inc. and Janus Henderson Group PLC. Company insiders that have sold Micron Technology company stock in the last year include April S Arnzen, 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 Insider Buying and Selling for Micron Technology.

MU stock was bought by a variety of institutional investors in the last quarter, including Natixis, Parnassus Investments CA, Global Thematic Partners LLC, ClariVest Asset Management LLC, Commerzbank Aktiengesellschaft FI, Seminole Management Co. Inc., Caisse DE Depot ET Placement DU Quebec and Robeco Institutional Asset Management B.V.. 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 $50.62.

Micron Technology has a market capitalization of $59.58 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]