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

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

Micron Technology declared that its Board of Directors has approved a share buyback plan 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 repurchase up to 16.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its stock is undervalued.

Micron Technology, Inc. (NASDAQ:MU) issued its quarterly earnings data on Thursday, September, 20th. The semiconductor manufacturer reported $3.53 earnings per share for the quarter, topping analysts' consensus estimates of $3.33 by $0.20. The semiconductor manufacturer had revenue of $8.44 billion for the quarter, compared to analyst estimates of $8.25 billion. Micron Technology had a return on equity of 54.94% and a net margin of 46.51%. The firm's revenue was up 37.5% on a year-over-year basis. During the same period in the prior year, the business earned $2.02 earnings per share. View Micron Technology's Earnings History.

Micron Technology is scheduled to release their next quarterly earnings announcement on Tuesday, December, 18th 2018. View Earnings Estimates for Micron Technology.

Micron Technology issued an update on its first quarter earnings guidance on Thursday, September, 20th. The company provided EPS guidance of $2.87-3.02 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.06. The company issued revenue guidance of $7.9-8.3 billion, compared to the consensus revenue estimate of $8.42 billion.

30 Wall Street analysts have issued 1-year price targets for Micron Technology's shares. Their predictions range from $35.00 to $120.00. On average, they anticipate Micron Technology's stock price to reach $67.9667 in the next year. This suggests a possible upside of 51.9% 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 7 hold ratings, 22 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 increase in short interest in August. As of August 31st, there was short interest totalling 55,621,129 shares, an increase of 7.5% from the August 15th total of 51,719,195 shares. Based on an average trading volume of 30,338,052 shares, the days-to-cover ratio is currently 1.8 days. Currently, 5.0% of the company's shares are short sold. View Micron Technology's Current Options Chain.

Some companies that are related to Micron Technology include NVIDIA (NVDA), Texas Instruments (TXN), Broadcom (AVGO), Applied Materials (AMAT), Analog Devices (ADI), NXP Semiconductors (NXPI), Advanced Micro Devices (AMD), Infineon Technologies (IFNNY), TOKYO ELECTRON/ADR (TOELY), Kyocera (KYOCY), Kyocera (KYO), Xilinx (XLNX), Microchip Technology (MCHP), STMicroelectronics (STM) and Maxim Integrated Products (MXIM).

Micron Technology's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (1.17%), Waddell & Reed Financial Inc. (1.01%), Janus Henderson Group PLC (0.71%), Donald Smith & CO. Inc. (0.67%), Schwab Charles Investment Management Inc. (0.44%) and Legal & General Group Plc (0.43%). 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 Millennium Management LLC, Daiwa Securities Group Inc., Ontario Teachers Pension Plan Board, Bank of Nova Scotia, Canada Pension Plan Investment Board, Los Angeles Capital Management & Equity Research Inc., Waddell & Reed Financial Inc. and CIBC World Markets Inc.. Company insiders that have sold Micron Technology company stock in the last year include April S Arnzen, Joel L Poppen, 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 Senator Investment Group LP, Point72 Asset Management L.P., Natixis, Parnassus Investments CA, Global Thematic Partners LLC, ClariVest Asset Management LLC, Commerzbank Aktiengesellschaft FI and Royal London Asset Management Ltd.. 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 $44.74.

Micron Technology has a market capitalization of $51.89 billion and generates $30.39 billion in revenue each year. The semiconductor manufacturer earns $5.09 billion in net income (profit) each year or $11.82 on an earnings per share basis. Micron Technology employs 34,100 workers across the globe.

The official website for Micron Technology is http://www.micron.com.

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]