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

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$44.74 -1.32 (-2.87 %)
(As of 09/21/2018 04:00 PM ET)
Previous Close$46.06
Today's Range$43.80 - $45.60
52-Week Range$34.09 - $64.66
Volume96.96 million shs
Average Volume47.18 million shs
Market Capitalization$52.26 billion
P/E Ratio10.15
Dividend YieldN/A
Beta1.63
Micron Technology logoMicron Technology, Inc. provides semiconductor systems worldwide. The company operates through four segments: Compute and Networking Business Unit, Storage Business Unit, Mobile Business Unit, and Embedded Business Unit. It offers DDR3 and DDR4 DRAM products for computers, servers, networking devices, communications equipment, consumer electronics, automotive, and industrial applications; lower power DRAM products for smartphones, tablets, automotive, laptop computers, and other mobile consumer device applications; DDR2 DRAM and DDR DRAM, GDDR5 and GDDR5X DRAM, SDRAM, and RLDRAM products for networking devices, servers, consumer electronics, communications equipment, computer peripherals, and automotive and industrial applications, as well as for computer memory upgrades; and hybrid memory cube semiconductor memory devices. The company also provides NAND products, which are electrically re-writeable, non-volatile semiconductor memory, and storage devices; client solid-state drives (SSDs) for notebooks, desktops, workstations, and other consumer applications; enterprise SSDs for server and storage applications; cloud SSDs; and multi-chip package and managed NAND products. In addition, it manufactures products that are sold under other brand names; and resells flash memory products that are purchased from other NAND Flash suppliers. Further, the company provides 3D XPoint non-volatile memory products; and NOR Flash, which are electrically re-writeable and semiconductor memory devices for automotive, industrial, connected home, and consumer applications. It markets its products to original equipment manufacturers and retailers through its internal sales force, independent sales representatives, and distributors; and through a Web-based customer direct sales channel, and channel and distribution partners. The company was founded in 1978 and is headquartered in Boise, Idaho.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Semiconductors & related devices
Sub-IndustrySemiconductors
SectorComputer and Technology
SymbolNASDAQ:MU
CUSIP59511210
Phone208-368-4000

Debt

Debt-to-Equity Ratio0.20
Current Ratio2.63
Quick Ratio2.06

Price-To-Earnings

Trailing P/E Ratio10.15
Forward P/E Ratio3.86
P/E Growth0.53

Sales & Book Value

Annual Sales$20.32 billion
Price / Sales2.55
Cash Flow$8.1494 per share
Price / Cash5.49
Book Value$17.60 per share
Price / Book2.54

Profitability

EPS (Most Recent Fiscal Year)$4.41
Net Income$5.09 billion
Net Margins43.35%
Return on Equity51.12%
Return on Assets32.50%

Miscellaneous

Employees34,100
Outstanding Shares1,159,810,000
Market Cap$52.26 billion

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 stock repurchase program on Monday, May 21st 2018, which permits the company to repurchase $10,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 16.2% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's management believes its shares are undervalued.

How were Micron Technology's earnings last quarter?

Micron Technology, Inc. (NASDAQ:MU) announced its quarterly earnings data on Thursday, September, 20th. The semiconductor manufacturer reported $3.53 EPS for the quarter, beating the Zacks' consensus estimate 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 51.12% and a net margin of 43.35%. The firm's revenue was up 37.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.02 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 Tuesday, December, 18th 2018. View Earnings Estimates for Micron Technology.

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

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.

What price target have analysts set for MU?

30 equities research analysts have issued 1-year price targets for Micron Technology's stock. 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.

What is the consensus analysts' recommendation 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.

Are investors shorting 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 daily trading volume, of 30,338,052 shares, the short-interest ratio is currently 1.8 days. Approximately 5.0% of the company's stock are sold short. View Micron Technology's Current Options Chain.

Who are some of Micron Technology's key competitors?

Who are Micron Technology's key executives?

Micron Technology's management team includes the folowing people:
  • Mr. Sanjay Mehrotra, CEO, Pres & Director (Age 59)
  • Mr. Scott J. DeBoer, Exec. VP of Technology Devel. (Age 52)
  • Mr. Joel L. Poppen, Sr. VP of Legal Affairs, Gen. Counsel & Corp. Sec. (Age 54)
  • Mr. Steven L. Thorsen Jr., Sr. VP of Worldwide Sales (Age 53)
  • Mr. Brian M. Shirley, Sr. VP of DRAM & Emerging Memory Engineering (Age 49)

Has Micron Technology been receiving favorable news coverage?

Media stories about MU stock have been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Micron Technology earned a daily sentiment score of 0.18 on Accern's scale. They also gave media headlines about the semiconductor manufacturer an impact score of 46.57 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the immediate future. View Recent Headlines for Micron Technology.

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 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.

Which major investors are selling Micron Technology stock?

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.

Which major investors are buying Micron Technology stock?

MU stock was purchased 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.

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 $44.74.

How big of a company is Micron Technology?

Micron Technology has a market capitalization of $52.26 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.

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 (star star star half star)
Outperform Votes:  2,694 (Vote Outperform)
Underperform Votes:  1,188 (Vote Underperform)
Total Votes:  3,882
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 9/21/2018 by MarketBeat.com Staff

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