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NASDAQ:MUMicron Technology Stock Price, Forecast & News

$53.72
+2.50 (+4.88 %)
(As of 06/5/2020 04:00 PM ET)
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Today's Range
$52.59
Now: $53.72
$54.82
50-Day Range
$41.41
MA: $45.94
$51.22
52-Week Range
$31.13
Now: $53.72
$61.19
Volume33.97 million shs
Average Volume24.95 million shs
Market Capitalization$59.75 billion
P/E Ratio26.59
Dividend YieldN/A
Beta1.61
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. The Mobile Business Unit segment offers memory products sold into smartphone, and other mobile-device markets. The Storage Business Unit segment comprises of SSDs and component-level solutions sold into enterprise and cloud, client, and consumer solid-state drive (SSD) markets, other discrete storage products sold in component and wafer forms to the removable storage markets, and sales of 3D XPoint memory. The Embedded Business Unit segment consists of memory and storage products sold into automotive, industrial, and consumer markets. The company was founded by Ward D. Parkinson, Joseph L. Parkinson, Dennis Wilson, and Doug Pitman in October 1978 and is headquartered in Boise, ID.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.4Community Rank: 3.5Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.08 out of 5 stars


Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustrySemiconductors
CUSIP59511210
Phone208-368-4000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$23.41 billion
Cash Flow$11.91 per share
Book Value$33.31 per share

Profitability

Net Income$6.31 billion

Miscellaneous

Employees37,000
Outstanding Shares1,112,190,000
Market Cap$59.75 billion
Next Earnings Date6/29/2020 (Confirmed)
OptionableOptionable

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Micron Technology (NASDAQ:MU) Frequently Asked Questions

How has Micron Technology's stock been impacted by COVID-19 (Coronavirus)?

Micron Technology's stock was trading at $43.72 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MU shares have increased by 22.9% and is now trading at $53.72. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Micron Technology?

28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Micron Technology in the last year. There are currently 1 sell rating, 5 hold ratings and 22 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Micron Technology.

When is Micron Technology's next earnings date?

Micron Technology is scheduled to release its next quarterly earnings announcement on Monday, June 29th 2020. View our earnings forecast for Micron Technology.

How can I listen to Micron Technology's earnings call?

Micron Technology will be holding an earnings conference call on Monday, June 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Micron Technology's earnings last quarter?

Micron Technology, Inc. (NASDAQ:MU) announced its earnings results on Wednesday, March, 25th. The semiconductor manufacturer reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.08. The semiconductor manufacturer earned $4.80 billion during the quarter, compared to analyst estimates of $4.69 billion. Micron Technology had a net margin of 11.72% and a return on equity of 7.16%. Micron Technology's revenue was down 17.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.71 earnings per share. View Micron Technology's earnings history.

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

Micron Technology updated its third quarter earnings guidance on Wednesday, May, 27th. The company provided earnings per share (EPS) guidance of $0.75-0.80 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.56. The company issued revenue guidance of $5.2-5.4 billion, compared to the consensus revenue estimate of $4.95 billion.

What price target have analysts set for MU?

28 brokerages have issued 12 month target prices for Micron Technology's stock. Their forecasts range from $35.00 to $100.00. On average, they anticipate Micron Technology's stock price to reach $62.63 in the next year. This suggests a possible upside of 16.6% from the stock's current price. View analysts' price targets for Micron Technology.

Has Micron Technology been receiving favorable news coverage?

Media headlines about MU stock have been trending negative recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real time. 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 daily sentiment score of -2.1 on InfoTrie's scale. They also gave news coverage about the semiconductor manufacturer a news buzz of 3.0 out of 10, meaning that recent news coverage is unlikely to have an effect on the stock's share price in the near term. View the latest news aboutMicron Technology.

Who are some of Micron Technology's key competitors?

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), Advanced Micro Devices (AMD), Endologix (ELGX), BlackRock (BLK), Intel (INTC) and Chipotle Mexican Grill (CMG).

Who are Micron Technology's key executives?

Micron Technology's management team includes the following 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

What is Micron Technology's stock symbol?

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

Who are Micron Technology's major shareholders?

Micron Technology's stock is owned by many different retail and institutional investors. Top institutional shareholders include Primecap Management Co. CA (4.81%), State Street Corp (4.30%), Sanders Capital LLC (2.27%), Wellington Management Group LLP (1.67%), Geode Capital Management LLC (1.52%) and Capital International Investors (1.43%). Company insiders that own Micron Technology stock include April S Arnzen, Joel L Poppen, Michael W Bokan, Patrick J Byrne, Robert E Switz, Scott J Deboer and Steven L Thorsen Jr. View institutional ownership trends for Micron Technology.

Which institutional investors are selling Micron Technology stock?

MU stock was sold by a variety of institutional investors in the last quarter, including Capital Research Global Investors, AQR Capital Management LLC, Primecap Management Co. CA, APG Asset Management N.V., APG Asset Management N.V., Railway Pension Investments Ltd, Ontario Teachers Pension Plan Board, and AJO LP. 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 activity for Micron Technology.

Which institutional investors are buying Micron Technology stock?

MU stock was bought by a variety of institutional investors in the last quarter, including Viking Global Investors LP, Sanders Capital LLC, Capital International Investors, Assenagon Asset Management S.A., Menora Mivtachim Holdings LTD., Janus Henderson Group PLC, Himalaya Capital Management LLC, and Pendal Group Ltd. View insider buying and selling activity 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 $53.72.

How big of a company is Micron Technology?

Micron Technology has a market capitalization of $59.75 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.

What is Micron Technology's official website?

The official website for Micron Technology is 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]

This page was last updated on 6/6/2020 by MarketBeat.com Staff

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