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

$34.29
+1.86 (+5.74 %)
(As of 06/18/2019 04:00 PM ET)
Today's Range
$32.90
Now: $34.29
$34.89
50-Day Range
$32.61
MA: $36.05
$43.33
52-Week Range
$28.39
Now: $34.29
$61.83
Volume31.52 million shs
Average Volume29.23 million shs
Market Capitalization$37.95 billion
P/E Ratio2.90
Dividend YieldN/A
Beta1.94
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

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$30.39 billion
Cash Flow$17.5846 per share
Book Value$28.59 per share

Profitability

Net Income$14.14 billion

Miscellaneous

Employees36,000
Outstanding Shares1,106,687,000
Market Cap$37.95 billion
Next Earnings Date6/25/2019 (Confirmed)
OptionableOptionable

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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 announced that its board has initiated a stock buyback program 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 buy up to 16.2% of its stock through open market purchases. Stock buyback 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) issued its earnings results on Wednesday, March, 20th. The semiconductor manufacturer reported $1.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.67 by $0.04. The semiconductor manufacturer earned $5.84 billion during the quarter, compared to the consensus estimate of $5.82 billion. Micron Technology had a net margin of 43.56% and a return on equity of 40.67%. The company's quarterly revenue was down 20.6% on a year-over-year basis. During the same period last year, the business earned $2.82 earnings per share. 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, June 25th 2019. View Earnings Estimates for Micron Technology.

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

Micron Technology will be holding an earnings conference call on Tuesday, June 25th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

What price target have analysts set for MU?

33 brokers have issued 1 year price targets for Micron Technology's shares. Their forecasts range from $30.00 to $90.00. On average, they anticipate Micron Technology's share price to reach $50.8889 in the next year. This suggests a possible upside of 48.4% from the stock's current price. View Analyst Price Targets for Micron Technology.

What is the consensus analysts' recommendation for Micron Technology?

33 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Micron Technology in the last year. There are currently 4 sell ratings, 9 hold ratings and 20 buy ratings for the stock, resulting in a consensus recommendation of "Hold." 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. 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)
  • 2. According to Zacks Investment Research, "Micron is benefiting from strong growth in managed NAND products, which is boosting revenues of its Mobile Business Unit. Moreover, it expects revival of growth in the second half of calendar 2019 as it anticipates memory demand to improve owing to normalization in most customer inventories by mid-year. Introduction of server processors that support higher memory densities is likely to fuel demand for its solutions. The company has mixed record of earnings surprises in recent quarters. However, Micron is hurt by significant decline in DRAM and NAND pricing. Seasonality, soft smartphone and enterprise server sales, inventory adjustments with key customers, pause in datacenter hardware spending and Intel’s CPU shortages adversely impacted the company’s performance. The tepid guidance for the fiscal third quarter makes us apprehensive about its near-term performance. Shares have underperformed the S&P 500 year to date." (5/21/2019)
  • 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?

News stories about MU stock have trended positive on Tuesday, InfoTrie Sentiment reports. The research group identifies negative and positive 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 five, with scores nearest to five being the most favorable. Micron Technology earned a media sentiment score of 2.6 on InfoTrie's scale. They also gave media stories about the semiconductor manufacturer a news buzz of 5.0 out of 10, indicating that recent media coverage is somewhat likely to have an effect on the company's share price in the next several days. View News Stories for Micron Technology.

Are investors shorting Micron Technology?

Micron Technology saw a decrease in short interest during the month of April. As of April 30th, there was short interest totalling 32,498,604 shares, a decrease of 10.8% from the April 15th total of 36,436,900 shares. Based on an average trading volume of 20,335,025 shares, the days-to-cover ratio is currently 1.6 days. Currently, 2.9% of the company's shares are sold short. View Micron Technology's Current Options Chain.

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), CA (CA), Canopy Growth (CGC), Endologix (ELGX), BlackRock (BLK), Advanced Micro Devices (AMD), Chipotle Mexican Grill (CMG) and Hawkins (HWKN).

Who are Micron Technology's key executives?

Micron Technology's management team includes the folowing 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

Who are Micron Technology's major shareholders?

Micron Technology's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.56%), Primecap Management Co. CA (5.22%), AQR Capital Management LLC (1.75%), Northern Trust Corp (1.12%), Donald Smith & CO. Inc. (0.52%) and Sanders Capital LLC (0.44%). 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 institutional investors are selling Micron Technology stock?

MU stock was sold by a variety of institutional investors in the last quarter, including Lazard Asset Management LLC, Victory Capital Management Inc., AQR Capital Management LLC, Amundi Pioneer Asset Management Inc., BlackRock Inc., Donald Smith & CO. Inc., Conning Inc. and DNB Asset Management AS. Company insiders that have sold Micron Technology company stock in the last year include April S Arnzen, Joel L Poppen, Robert E Switz, Scott J Deboer and Steven L Thorsen Jr. View Insider Buying and Selling for Micron Technology.

Which institutional investors are buying Micron Technology stock?

MU stock was purchased by a variety of institutional investors in the last quarter, including Los Angeles Capital Management & Equity Research Inc., Sumitomo Mitsui Asset Management Company LTD, FIL Ltd, Assenagon Asset Management S.A., MARSHALL WACE ASIA Ltd, Caisse DE Depot ET Placement DU Quebec, Rockefeller Capital Management L.P. and Thornburg Investment Management Inc.. 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 $34.29.

How big of a company is Micron Technology?

Micron Technology has a market capitalization of $37.95 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.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:  3.4 out of 5 (star star star)
Outperform Votes:  2,953 (Vote Outperform)
Underperform Votes:  1,342 (Vote Underperform)
Total Votes:  4,295
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 6/18/2019 by MarketBeat.com Staff

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