NASDAQ:MU - Micron Technology Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Micron Technology, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $57.76 -1.44 (-2.43 %) (As of 01/24/2020 04:00 PM ET) Add Compare Today's Range$57.24Now: $57.76▼$60.0250-Day Range$46.45MA: $54.49▼$59.2052-Week Range$32.14Now: $57.76▼$60.56Volume28.43 million shsAverage Volume20.22 million shsMarket Capitalization$64.01 billionP/E Ratio18.75Dividend YieldN/ABeta1.98 ProfileAnalyst RatingsAdvanced ChartEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media Share on FacebookShare on TwitterShare on LinkedInShare on RedditShare on StocktwitsPrint this articleShare by Email 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/ Phone208-368-4000Debt Debt-to-Equity Ratio0.16 Current Ratio2.56 Quick Ratio1.78Price-To-Earnings Trailing P/E Ratio18.75 Forward P/E Ratio27.64 P/E GrowthN/A Sales & Book Value Annual Sales$23.41 billion Price / Sales2.73 Cash Flow$11.09 per share Price / Cash Flow5.21 Book Value$32.94 per share Price / Book1.75Profitability 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 Shares1,108,200,000Market Cap$64.01 billion Next Earnings Date3/18/2020 (Estimated) OptionableOptionable Receive MU News and Ratings via Email Sign-up to receive the latest news and ratings for MU and its competitors with MarketBeat's FREE daily newsletter. NASDAQ:MU Rates by TradingView 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 initiated a stock repurchase program on Monday, May 21st 2018, which permits the company to buyback $10,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 16.2% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board 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 consensus estimate of $0.47 by $0.01. The semiconductor manufacturer had revenue of $5.14 billion for the quarter, compared to analyst estimates of $4.78 billion. Micron Technology had a return on equity of 11.36% and a net margin of 17.01%. The firm's quarterly revenue was down 35.0% on a year-over-year basis. During the same quarter in the previous year, the firm 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 updated 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 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 brokers have issued 1-year target prices for Micron Technology's stock. Their forecasts range from $32.00 to $100.00. On average, they expect Micron Technology's stock price to reach $63.29 in the next year. This suggests a possible upside of 9.6% 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? Media headlines about MU stock have trended very negative on Saturday, InfoTrie Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Micron Technology earned a news impact score of -3.0 on InfoTrie's scale. They also assigned news headlines about the semiconductor manufacturer a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely 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 & DirectorManish Bhatia, Executive Vice President-Global OperationsDavid A. Zinsner, Chief Financial Officer & Senior Vice PresidentScott J. DeBoer, Executive Vice President-Technology DevelopmentTrevor Schulze, Chief Information Officer & Vice President-IT Who are Micron Technology's major shareholders? Micron Technology's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Manning & Napier Group LLC (0.37%), New York State Teachers Retirement System (0.15%), Artemis Investment Management LLP (0.13%), Assenagon Asset Management S.A. (0.11%), Strs Ohio (0.11%) and Atalanta Sosnoff Capital LLC (0.08%). 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., Strs Ohio, Commerzbank Aktiengesellschaft FI, Columbus Circle Investors, Global Thematic Partners LLC, Manning & Napier Group LLC and Meag Munich Ergo Kapitalanlagegesellschaft MBH. 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 bought by a variety of institutional investors in the last quarter, including Hexavest Inc., Atalanta Sosnoff Capital LLC, Transform Wealth LLC, State of Alaska Department of Revenue, Braun Stacey Associates Inc., James Investment Research Inc., Johanson Financial Advisors Inc. and Zurcher Kantonalbank Zurich Cantonalbank. 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 $57.76. How big of a company is Micron Technology? Micron Technology has a market capitalization of $64.01 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: 3,219 (Vote Outperform)Underperform Votes: 1,444 (Vote Underperform)Total Votes: 4,663MarketBeat'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 1/25/2020 by MarketBeat.com StaffFeatured Article: What is the Consumer Price Index (CPI)?
