Micron Technology Company Profile (NASDAQ:MU)

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

Micron Technology, Inc. (NASDAQ:MU) announced its quarterly earnings data on Tuesday, September, 26th. The company reported $2.02 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.84 by $0.18. The business had revenue of $6.14 billion for the quarter, compared to analyst estimates of $5.97 billion. Micron Technology had a net margin of 25.04% and a return on equity of 32.09%. The company's revenue was up 90.8% on a year-over-year basis. During the same period last year, the business earned ($0.01) EPS. View Micron Technology's Earnings History.

Micron Technology is scheduled to release their next quarterly earnings announcement on Tuesday, December, 19th 2017. View Earnings Estimates for Micron Technology.

Micron Technology updated its first quarter earnings guidance on Tuesday, September, 26th. The company provided EPS guidance of $2.09-2.23 for the period, compared to the Thomson Reuters consensus estimate of $1.84. The company issued revenue guidance of $6.1-6.5 billion, compared to the consensus revenue estimate of $6.06 billion.

32 brokerages have issued twelve-month target prices for Micron Technology's shares. Their predictions range from $26.00 to $75.00. On average, they anticipate Micron Technology's stock price to reach $45.83 in the next twelve months. View Analyst Ratings for Micron Technology.

Here are some recent quotes from research analysts about Micron Technology stock:

• 1. Loop Capital analysts commented, "We believe yet another beat and raise by Micron Technology (MU) supports our view that “the sun, the moon, and the stars” continue to remain aligned as MU benefits from the elongated trifecta of the memory cycle – tight supply/demand dynamics, increasing prices, and cost reductions. We expect these favorable dynamics to continue to drive operating leverage in the model with sustained healthy earnings and revenue growth through the second half of calendar year 2017 and into fiscal year 2018." (6/30/2017)
• 2. Needham & Company LLC analysts commented, "Micron posted another beat and raise quarter driven by DRAM pricing (up 14% Q/Q) and NAND unit shipments (up 17% Q/Q). We believe that memory is an integral part of AI (Autonomous Driving, Cloud Computing, Mobile ML, etc.) and expect a continued strong ASPs environment as D>S (15%-20% DRAM growth and “high-30% to low-40% NAND growth in CY17”). Importantly we believe that MU is executing well on technology transitions, creating a steepening of the cost curve." (6/30/2017)
• 3. Goldman Sachs Group, Inc. (The) analysts commented, "Americas Buy" list in late February. The issue has generated a 20-percent return since then.Justification For The DowngradeDelaney noted the DRAM market is heading into its fifth consecutive quarter of margin expansion and from a historical perspective upturns last anywhere from four to nine quarters. As such, the analyst believes the DRAM upturn is now in the middle to latter stages, and there are some signs pointed toward an end in the cycle.Delaney expanded that his recent industry checks found "slowing spot price momentum" in DRAM and to a lesser extent in NAND.The analyst's call is also based on the fact that DRAM semi cap investments have risen 46 percent year-over-year over the past two quarters in aggregate while NAND is higher by 109 percent.Delaney also noted increased supply in the bottom half of 2017 and 2018 will contribute toward a "more normal pricing" (5/8/2017)
• 4. UBS AG analysts commented, "Micron guided its May-17 quarterly EPS to $1.50, significantly higher than consensus at $0.90 and one of the biggest guidance beats we have seen in semis since NVIDIA's big beat in its Oct-16 quarter. We keep a Buy rating as we still see the possibility of more EPS beats in its Aug-17 and Nov-17 quarters as new smartphones ramp with possibly higher NAND content. Most of the near term revenue and EPS upside is from higher NAND sales. Micron guided its bit sales of NAND in F2H17 to be up 30% versus F1H17 with most of the upside in this May-17 quarter. We believe this shows strong demand for NAND in the near term. Micron also showed better NAND execution with GM at 31%, up 800bps qoq. Micron's execution in DRAM is also improving with DRAM gross margin at 44%. We believe Micron is making progress closing the wide gap that historically existed between its 2 competitors." (3/24/2017)
• 5. Wells Fargo & Co analysts commented, "Micron's February quarter results and May quarter guidance reflect continuing strength in memory pricing and the benefits of the Inotera acquisition. February quarter sales were up 58% year/year and the midpoint of May quarter sales guidance implies 86% year/year growth. GAAP gross margin jumped more than 11 percentage points (pp) sequentially, to 36.7% in the February quarter. NonGAAP gross margin is expected to rise 7.5 pp sequentially in the May quarter. Our FY17 GAAP EPS estimate increases to $3.55 from a prior $2.92 and our FY18 GAAP EPS estimate increases to $4.90 from a prior $3.92. We are maintaining our valuation range of $30-35, which we derive using a multiple of approximately 6-7x our FY18 EPS estimate. We are reiterating our Outperform rating on Micron." (3/24/2017)

Micron Technology saw a increase in short interest in September. As of September 29th, there was short interest totalling 55,329,745 shares, an increase of 8.6% from the September 15th total of 50,969,448 shares. Based on an average trading volume of 43,166,090 shares, the short-interest ratio is currently 1.3 days. Currently, 5.2% of the company's stock are sold short.

Some companies that are related to Micron Technology include Analog Devices (ADI), NXP Semiconductors N.V. (NXPI), Microchip Technology Incorporated (MCHP), Xilinx (XLNX), STMicroelectronics N.V. (STM), Maxim Integrated Products (MXIM), Advanced Micro Devices (AMD), Freescale Semiconductor Ltd (FSL), Advanced Semiconductor Engineering (ASX), Marvell Technology Group (MRVL), ON Semiconductor Corporation (ON), Arrow Electronics (ARW), Semiconductor Manufacturing International Corporation (SMI), Coherent (COHR), United Microelectronics Corporation (UMC), Microsemi Corporation (MSCC), Cypress Semiconductor Corporation (CY) and Jabil Circuit (JBL).

Micron Technology's management team includes the folowing people:

• Robert E. Switz, Independent Chairman of the Board
• Sanjay Mehrotra, President, Chief Executive Officer, Director
• Ernest E. Maddock, Chief Financial Officer, Vice President - Finance, Principal Financial & Accounting Officer
• Sumit Sadana, Executive Vice President and Chief Business Officer
• Brian M. Shirley, Senior Vice President - DRAM & Emerging Memory Engineering
• Jeff VerHeul, Senior Vice President - Non-Volatile Engineering
• Joel L. Poppen, Vice President - Legal Affairs, General Counsel, Corporate Secretary
• Steven L. Thorsen Jr., Vice President - Worldwide Sales
• April S. Arnzen, Vice President of Human Resources
• Scott J. DeBoer, Vice President-Technology Development

Micron Technology's stock is owned by a number of of retail and institutional investors. Top institutional investors include Hermes Investment Management Ltd. (0.11%), Assenagon Asset Management S.A. (0.11%), Robeco Institutional Asset Management B.V. (0.05%), Verde Servicos Internacionais S.A. (0.04%), Shell Asset Management Co. (0.01%) and Mutual of America Capital Management LLC (0.01%). Company insiders that own Micron Technology stock include April S Arnzen, Brian Shirley, Ernest E Maddock, Joel L Poppen, Lawrence N Mondry, Mercedes Johnson, Robert L Bailey, Scott J Deboer and Steven L Thorsen Jr. View Institutional Ownership Trends for Micron Technology.

Micron Technology's stock was sold by a variety of institutional investors in the last quarter, including Private Asset Management Inc., Quantitative Systematic Strategies LLC, Verde Servicos Internacionais S.A. and Mountain Pacific Investment Advisers Inc. ID. Company insiders that have sold Micron Technology stock in the last year include April S Arnzen, Brian Shirley, Joel L Poppen, Lawrence N Mondry, Mercedes Johnson, Robert L Bailey, Scott J Deboer and Steven L Thorsen Jr. View Insider Buying and Selling for Micron Technology.

Micron Technology's stock was bought by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Shell Asset Management Co., Eqis Capital Management Inc., Robeco Institutional Asset Management B.V., Meeder Asset Management Inc., Hermes Investment Management Ltd., Mutual of America Capital Management LLC and Balasa Dinverno & Foltz LLC. View Insider Buying and Selling for Micron Technology.

Shares of Micron Technology can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Micron Technology stock can currently be purchased for approximately $41.50.