Micron Technology, Inc. manufactures and sells memory and storage solutions worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded Business Unit. It offers memory and storage technologies, including DRAM, NAND, NOR Flash, and 3D XPoint memory under the Micron, Crucial, and Ballistix brands, as well as private labels. The company provides memory products for the cloud server, enterprise, client, graphics, and networking markets; memory products for smartphone and other mobile-device markets; SSDs and component-level solutions for the enterprise and cloud, client, and consumer SSD markets; other discrete storage products in component and wafer forms for the removable storage markets, as well as 3D XPoint memory products; and memory and storage products for the automotive, industrial, and consumer markets. It markets its products through its internal sales force, independent sales representatives, distributors, and e-tailers; and Web-based customer direct sales channel, as well as through channel and distribution partners primarily to original equipment manufacturers and retailers. The company has strategic collaboration with BMW Group. Micron Technology, Inc. was founded in 1978 and is headquartered in Boise, Idaho.
Industry, Sector and Symbol
Industry Semiconductors & related devices
Sub-IndustrySemiconductors
SectorComputer and Technology
Phone208-368-4000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$30.39 billion
Profitability
Miscellaneous
Employees36,000
Next Earnings Date6/19/2019 (Estimated)
OptionableOptionable
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 of Directors has authorized a stock repurchase plan on Monday, May 21st 2018, which authorizes the company to buyback $10,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 16.2% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.
How were Micron Technology's earnings last quarter?
Micron Technology, Inc. (NASDAQ:MU) released its quarterly earnings results on Wednesday, March, 20th. The semiconductor manufacturer reported $1.71 EPS for the quarter, beating the consensus estimate of $1.67 by $0.04. The semiconductor manufacturer earned $5.84 billion during the quarter, compared to analyst estimates of $5.82 billion. Micron Technology had a return on equity of 40.67% and a net margin of 43.56%. The firm's revenue for the quarter was down 20.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.82 EPS. View Micron Technology's Earnings History.
When is Micron Technology's next earnings date?
What price target have analysts set for MU?
33 brokers have issued twelve-month price objectives for Micron Technology's stock. Their predictions range from $30.00 to $103.00. On average, they expect Micron Technology's share price to reach $55.4231 in the next year. This suggests a possible upside of 29.6% 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 3 sell ratings, 10 hold ratings and 20 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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. According to Zacks Investment Research, "Micron reported weak Q2 results, hurt by higher-than-expected 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. Notably, shares have underperformed the S&P 500 composite in the past year. Nevertheless, strong growth in managed NAND products is boosting revenue growth of Micron’s Mobile Business Unit. Further, to tackle lower DRAM demand among customers, the company is idling 5% of its DRAM wafer starts and cutting down on capital expenditure. Moreover, Micron expects revival of growth in the second half of 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 are likely to fuel demand for its solutions." (3/22/2019)
- 2. 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)
- 3. Rosenblatt Securities analysts commented, "We are reducing our earnings estimates for Micron ahead of Wednesday’s February quarter earnings report. Market conditions for both DRAM and NAND remain challenging with current data center demand trends murky. Micron, as a memory cycle play, is quite interesting to us from a risk/reward perspective for investors with an eye for a 2020 industry recovery as supply/demand trends reverse positively. In terms of management posture on the Wednesday call, we see them remaining steadfast on the power of the new Micron financial model and to remain committed to being active in share buybacks and return over 50% of FCF to investors over the next several quarters." (3/19/2019)
Has Micron Technology been receiving favorable news coverage?
Media coverage about MU stock has trended somewhat positive recently, according to InfoTrie Sentiment. InfoTrie identifies positive and negative press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Micron Technology earned a coverage optimism score of 1.5 on InfoTrie's scale. They also gave news coverage about the semiconductor manufacturer a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days.
Are investors shorting Micron Technology?
Micron Technology saw a drop in short interest during the month of April. As of April 15th, there was short interest totalling 36,436,900 shares, a drop of 17.9% from the March 29th total of 44,405,582 shares. Based on an average trading volume of 25,468,817 shares, the short-interest ratio is presently 1.4 days. Approximately 3.3% of the company's stock are short sold. View Micron Technology's Current Options Chain.
Who are some of Micron Technology's key competitors?
Some companies that are related to Micron Technology include Broadcom (AVGO), NVIDIA (NVDA), Texas Instruments (TXN), Analog Devices (ADI), Applied Materials (AMAT), NXP Semiconductors (NXPI), Advanced Micro Devices (AMD), Xilinx (XLNX), Infineon Technologies (IFNNY), TOKYO ELECTRON/ADR (TOELY), Microchip Technology (MCHP), Kyocera (KYOCY), STMicroelectronics (STM), Marvell Technology Group (MRVL) and Maxim Integrated Products (MXIM).
What other stocks do shareholders of Micron Technology own?
Who are Micron Technology's key executives?
Micron Technology's management team includes the folowing people:
- Mr. Sanjay Mehrotra, CEO, Pres & Director (Age 60)
- Mr. David A. Zinsner, Sr. VP & CFO (Age 50)
- Mr. Manish H. Bhatia, Exec. VP of Global Operations (Age 47)
- Mr. Scott J. DeBoer, Exec. VP of Technology Devel. (Age 53)
- Mr. Sumit Sadana, Exec. VP & Chief Bus. Officer (Age 50)
Who are Micron Technology's major shareholders?
Micron Technology's stock is owned by a number of of institutional and retail investors. Top institutional investors include Strs Ohio (0.15%), Los Angeles Capital Management & Equity Research Inc. (0.13%), Global Thematic Partners LLC (0.12%), Retirement Systems of Alabama (0.05%), Arvest Bank Trust Division (0.04%) and Denali Advisors LLC (0.04%). 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 Conning Inc., DNB Asset Management AS, Global Thematic Partners LLC, Gateway Investment Advisers LLC, Hodges Capital Management Inc., Prime Capital Investment Advisors LLC, Eqis Capital Management Inc. and Consolidated Investment Group LLC. Company insiders that have sold Micron Technology company stock in the last year include April S Arnzen, Joel L Poppen, Patrick J Byrne, Robert E Switz, 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 Los Angeles Capital Management & Equity Research Inc., Deroy & Devereaux Private Investment Counsel Inc., Pacer Advisors Inc., QUANTRES ASSET MANAGEMENT Ltd, Meritage Portfolio Management, Denali Advisors LLC, CHURCHILL MANAGEMENT Corp and Coronation Fund Managers 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 $42.75.
How big of a company is Micron Technology?
Micron Technology has a market capitalization of $47.31 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.
What is Micron Technology's official website?
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)
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.
