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

$59.17

+0.20 (+0.34 %)

(As of 01/23/2020 08:15 AM ET)

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Today's Range

$58.85

Now: $59.17▼

$60.25

50-Day Range

$46.30

MA: $54.01▼

$59.17

52-Week Range

$32.14

Now: $59.17▼

$60.25

Volume22.52 million shs

Average Volume18.46 million shs

Market Capitalization$65.57 billion

P/E Ratio19.21

Dividend YieldN/A

Beta1.98

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. Read More…

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Semiconductors & related devices

Sub-IndustrySemiconductors

SectorComputer and Technology

Current SymbolNASDAQ:MU

Previous Symbol

CUSIP59511210

CIK723125

Webhttp://www.micron.com/

Phone208-368-4000

Debt

Debt-to-Equity Ratio0.16

Current Ratio2.56

Quick Ratio1.78

Price-To-Earnings

Trailing P/E Ratio19.21

Forward P/E Ratio28.31

P/E GrowthN/A

Sales & Book Value

Annual Sales$23.41 billion

Price / Sales2.80

Cash Flow$11.40 per share

Price / Cash Flow5.19

Book Value$32.94 per share

Price / Book1.80

Profitability

EPS (Most Recent Fiscal Year)$6.15

Net Income$6.31 billion

Net Margins17.01%

Return on Equity11.36%

Return on Assets8.56%

Miscellaneous

Employees37,000

Outstanding Shares1,108,200,000

Market Cap$65.57 billion

Next Earnings Date3/18/2020 (Estimated)

OptionableOptionable

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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 has approved a share buyback plan 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 plans are typically an indication that the company's leadership believes its stock is undervalued.

How were Micron Technology's earnings last quarter?

Micron Technology, Inc. (NASDAQ:MU) posted its quarterly earnings data on Wednesday, December, 18th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.47 by $0.01. The semiconductor manufacturer earned $5.14 billion during the quarter, compared to the consensus estimate of $4.78 billion. Micron Technology had a net margin of 17.01% and a return on equity of 11.36%. The business's revenue was down 35.0% compared to the same quarter last year. During the same period last year, the company posted $2.97 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 18th 2020. View Earnings Estimates for Micron Technology.

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

Micron Technology issued an update on its second quarter earnings guidance on Wednesday, December, 18th. The company provided EPS guidance of $0.29-0.41 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.41. The company issued revenue guidance of $4.5-4.8 billion, compared to the consensus revenue estimate of $4.77 billion.

What price target have analysts set for MU?

34 Wall Street analysts have issued 1-year price targets for Micron Technology's stock. Their forecasts range from $32.00 to $100.00. On average, they expect Micron Technology's share price to reach $63.29 in the next twelve months. This suggests a possible upside of 7.0% 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 3 sell ratings, 5 hold ratings and 26 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 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)
3. 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)

Has Micron Technology been receiving favorable news coverage?

News coverage about MU stock has been trending somewhat negative recently, InfoTrie Sentiment reports. The research firm scores the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Micron Technology earned a news sentiment score of -1.0 on InfoTrie's scale. They also gave headlines about the semiconductor manufacturer a news buzz of 3.0 out of 10, indicating that recent news coverage is unlikely to have an effect on the company's share price in the near future. View News Stories for Micron Technology.

Who are some of Micron Technology's key competitors?

Some companies that are related to Micron Technology include Intel (INTC), NVIDIA (NVDA), Broadcom (AVGO), Texas Instruments (TXN), Analog Devices (ADI), Microchip Technology (MCHP), Xilinx (XLNX), Skyworks Solutions (SWKS), Marvell Technology Group (MRVL), Maxim Integrated Products (MXIM), Cypress Semiconductor (CY), Monolithic Power Systems (MPWR), Cree (CREE), First Solar (FSLR) and Silicon Laboratories (SLAB).

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

Who are Micron Technology's key executives?

Micron Technology's management team includes the folowing 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

Who are Micron Technology's major shareholders?

Micron Technology's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Manning & Napier Group LLC (0.37%), Artemis Investment Management LLP (0.13%), Assenagon Asset Management S.A. (0.11%), Zurcher Kantonalbank Zurich Cantonalbank (0.08%), Commerzbank Aktiengesellschaft FI (0.07%) and Global Thematic Partners LLC (0.07%). 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, 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 Artemis Investment Management LLP, Assenagon Asset Management S.A., Commerzbank Aktiengesellschaft FI, Global Thematic Partners LLC, Manning & Napier Group LLC, Meag Munich Ergo Kapitalanlagegesellschaft MBH, Private Asset Management Inc. and Wiley BROS. Aintree Capital LLC. 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 for Micron Technology.

Which major investors are buying Micron Technology stock?

MU stock was acquired by a variety of institutional investors in the last quarter, including Hexavest Inc., State of Alaska Department of Revenue, Johanson Financial Advisors Inc., Zurcher Kantonalbank Zurich Cantonalbank, Moon Capital Management LLC, Tuttle Tactical Management, Eidelman Virant Capital and Nisa Investment Advisors 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, Robinhood, Fidelity and Charles Schwab.

What is Micron Technology's stock price today?

One share of MU stock can currently be purchased for approximately $59.17.

How big of a company is Micron Technology?

Micron Technology has a market capitalization of $65.57 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 ( )
Outperform Votes:		3,216 (Vote Outperform)
Underperform Votes:		1,443 (Vote Underperform)
Total Votes:		4,659

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 1/23/2020 by MarketBeat.com Staff

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