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

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

Micron Technology announced that its Board of Directors has approved a stock buyback plan on Monday, May 21st 2018, which authorizes the company to repurchase $10,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 16.2% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

Micron Technology, Inc. (NASDAQ:MU) released its earnings results on Thursday, September, 20th. The semiconductor manufacturer reported $3.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $3.33 by $0.20. The semiconductor manufacturer had revenue of $8.44 billion for the quarter, compared to the consensus estimate of $8.25 billion. Micron Technology had a net margin of 46.51% and a return on equity of 51.68%. The business's quarterly revenue was up 37.5% on a year-over-year basis. During the same period last year, the company posted $2.02 EPS. 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 will be holding an earnings conference call on Tuesday, December 18th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8886606127.

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

31 analysts have issued twelve-month target prices for Micron Technology's stock. Their forecasts range from $32.00 to $120.00. On average, they anticipate Micron Technology's share price to reach $63.5862 in the next year. This suggests a possible upside of 85.9% from the stock's current price. View Analyst Price Targets for Micron Technology.

31 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Micron Technology in the last year. There are currently 1 sell rating, 10 hold ratings, 19 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Micron Technology.

Press coverage about MU stock has been trending somewhat positive this week, according to InfoTrie. The research group scores the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Micron Technology earned a media sentiment score of 1.2 on InfoTrie's scale. They also assigned news stories about the semiconductor manufacturer a news buzz of 6.0 out of 10, meaning that recent media coverage is somewhat likely to have an effect on the company's share price in the next few days.

Micron Technology saw a increase in short interest during the month of November. As of November 30th, there was short interest totalling 48,279,120 shares, an increase of 7.5% from the November 15th total of 52,215,420 shares. Based on an average daily trading volume, of 27,112,013 shares, the days-to-cover ratio is currently 1.8 days. Approximately 4.5% of the company's shares are sold short. View Micron Technology's Current Options Chain.

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

Micron Technology's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc (7.85%), Primecap Management Co. CA (5.12%), AQR Capital Management LLC (2.52%), Capital World Investors (2.22%), Dimensional Fund Advisors LP (1.19%) and Janus Henderson Group PLC (0.84%). 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 Capital Research Global Investors, CI Investments Inc., Mitsubishi UFJ Trust & Banking Corp, Zweig DiMenna Associates LLC, Schroder Investment Management Group, TCW Group Inc., DNB Asset Management AS and TIAA CREF Investment Management LLC. Company insiders that have sold Micron Technology company stock in the last year include April S Arnzen, 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 purchased by a variety of institutional investors in the last quarter, including Capital World Investors, AQR Capital Management LLC, Federated Investors Inc. PA, Janus Henderson Group PLC, Vanguard Group Inc, Senator Investment Group LP, Global Thematic Partners LLC and Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp. 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 $34.20.

Micron Technology has a market capitalization of $39.23 billion and generates $30.39 billion in revenue each year. The semiconductor manufacturer earns $14.14 billion in net income (profit) each year or $11.82 on an earnings per share basis. Micron Technology employs 36,000 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]