About Micron Technology (NASDAQ:MU)
Micron Technology, Inc. provides semiconductor systems worldwide. The company operates through four segments: Compute and Networking Business Unit, Storage Business Unit, Mobile Business Unit, and Embedded Business Unit. It offers DDR3 and DDR4 DRAM products for computers, servers, networking devices, communications equipment, consumer electronics, automotive, and industrial applications; lower power DRAM products for smartphones, tablets, automotive, laptop computers, and other mobile consumer device applications; DDR2 DRAM and DDR DRAM, GDDR5 and GDDR5X DRAM, SDRAM, and RLDRAM products for networking devices, servers, consumer electronics, communications equipment, computer peripherals, and automotive and industrial applications, as well as for computer memory upgrades; and hybrid memory cube semiconductor memory devices. The company also provides NAND products, which are electrically re-writeable, non-volatile semiconductor memory, and storage devices; client solid-state drives (SSDs) for notebooks, desktops, workstations, and other consumer applications; enterprise SSDs for server and storage applications; cloud SSDs; and multi-chip package and managed NAND products. In addition, it manufactures products that are sold under other brand names; and resells flash memory products that are purchased from other NAND Flash suppliers. Further, the company provides 3D XPoint non-volatile memory products; and NOR Flash, which are electrically re-writeable and semiconductor memory devices for automotive, industrial, connected home, and consumer applications. It markets its products to original equipment manufacturers and retailers through its internal sales force, independent sales representatives, and distributors; and through a Web-based customer direct sales channel, and channel and distribution partners. The company was founded in 1978 and is headquartered in Boise, Idaho.
Industry, Sector and Symbol
Industry Semiconductors & related devices
Sub-IndustrySemiconductors
SectorComputer and Technology
SymbolNASDAQ:MU
CUSIP59511210
Phone208-368-4000
Debt
Debt-to-Equity Ratio0.29
Current Ratio2.58
Quick Ratio2.06
Price-To-Earnings
Trailing P/E Ratio13.17
Forward P/E Ratio5.10
P/E Growth0.51
Sales & Book Value
Annual Sales$20.32 billion
Price / Sales3.31
Cash Flow$8.1648 per share
Price / Cash7.10
Book Value$17.60 per share
Price / Book3.29
Profitability
EPS (Most Recent Fiscal Year)$4.41
Net Income$5.09 billion
Net Margins38.68%
Return on Equity48.27%
Return on Assets28.38%
Miscellaneous
Employees34,100
Outstanding Shares1,159,770,000
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 declared that its Board of Directors has initiated a share buyback 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 repurchase up to 16.2% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board believes its shares are undervalued.
How were Micron Technology's earnings last quarter?
Micron Technology, Inc. (NASDAQ:MU) posted its quarterly earnings results on Thursday, March, 22nd. The semiconductor manufacturer reported $2.82 EPS for the quarter, topping the consensus estimate of $2.55 by $0.27. The semiconductor manufacturer earned $7.35 billion during the quarter, compared to the consensus estimate of $7.28 billion. Micron Technology had a net margin of 38.68% and a return on equity of 48.27%. The business's revenue was up 58.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.90 earnings per share. View Micron Technology's Earnings History.
When is Micron Technology's next earnings date?
What guidance has Micron Technology issued on next quarter's earnings?
Micron Technology issued an update on its third quarter earnings guidance on Thursday, March, 22nd. The company provided EPS guidance of $2.76-2.90 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.66. The company issued revenue guidance of $7.2-7.6 billion, compared to the consensus revenue estimate of $7.29 billion.
What price target have analysts set for MU?
30 analysts have issued 1-year target prices for Micron Technology's stock. Their predictions range from $3.35 to $100.00. On average, they expect Micron Technology's share price to reach $64.3224 in the next twelve months. 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 is expected to gain from the DRAM boom which is here to stay, at least in the near term, as demand remains ahead of supply. However, declining NAND ASP as supply exceeded demand, remains a concern which might partially offset the benefits from improved demand and prices for DRAM products. Nonetheless, we believe growing adoption of SSD from PC manufacturers and data-center operators will soak the extra supply, thereby stabilizing NAND prices. Additionally, we are positive about the company’s strategy of enhancing capabilities through acquisitions which are likely to boost its top-line performance over the long run. Notably, the stock has performed in-line with the industry over the past one year." (5/24/2018)
- 2. Needham & Company LLC analysts commented, "With another record quarter and guide (beat revenue and EPS consensus by 5.6% and 11.4%, respectively) in the bag, we think Micron is on track to generate nearly $10 of annualized earnings. Why isn’t the market applying a historical average P/E multiple of 8-10x on this level of earnings? We think the multiple will rise over time as investors come to understand how MU benefits from the secular transition away from PCs and smartphones to high-performance computing applications such as AI, machine learning, cloud/enterprise and autonomous. In these end-markets, capacity is higher, design cycles are longer and more stable and pricing is favorable. Also, we think Micron is poised to benefit from the transition to 3D NAND, which generates a significant cost advantage (30%-35%), and technology limitation in DRAM supply growth." (12/20/2017)
- 3. 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)
Are investors shorting Micron Technology?
Micron Technology saw a decrease in short interest in May. As of May 31st, there was short interest totalling 60,317,693 shares, a decrease of 7.9% from the May 15th total of 65,486,073 shares. Based on an average trading volume of 72,559,486 shares, the short-interest ratio is presently 0.8 days. Currently, 5.4% of the shares of the stock are sold short.
Who are some of Micron Technology's key competitors?
Some companies that are related to Micron Technology include Intel (INTC), Taiwan Semiconductor Mfg. (TSM), NVIDIA (NVDA), Broadcom (AVGO), Texas Instruments (TXN), Applied Materials (AMAT), NXP Semiconductors (NXPI), Analog Devices (ADI), Infineon Technologies (IFNNY), TOKYO ELECTRON/ADR (TOELY), Microchip Technology (MCHP), STMicroelectronics (STM), Kyocera (KYO), Skyworks Solutions (SWKS) and Xilinx (XLNX).
Who are Micron Technology's key executives?
Micron Technology's management team includes the folowing people:
- Mr. Sanjay Mehrotra, CEO, Pres & Director (Age 59)
- Mr. Ernest E. Maddock, Advisor (Age 60)
- Mr. Scott J. DeBoer, Exec. VP of Technology Devel. (Age 52)
- Mr. Joel L. Poppen, Sr. VP of Legal Affairs, Gen. Counsel & Corp. Sec. (Age 54)
- Mr. Steven L. Thorsen Jr., Sr. VP of Worldwide Sales (Age 53)
Has Micron Technology been receiving favorable news coverage?
News coverage about MU stock has been trending somewhat positive on Monday, according to Accern. The research firm rates the sentiment of news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Micron Technology earned a media sentiment score of 0.12 on Accern's scale. They also gave news headlines about the semiconductor manufacturer an impact score of 46.55 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.
Who are Micron Technology's major shareholders?
Micron Technology's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (1.16%), Donald Smith & CO. Inc. (0.73%), Amundi Pioneer Asset Management Inc. (0.52%), Legal & General Group Plc (0.44%), Schwab Charles Investment Management Inc. (0.42%) and CI Investments Inc. (0.41%). 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 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 Barings LLC, Point72 Asset Management L.P., Donald Smith & CO. Inc., Columbus Circle Investors, Sei Investments Co., Wedge Capital Management L L P NC, Pendal Group Ltd and Sound Shore Management Inc. CT. Company insiders that have sold Micron Technology company stock in the last year include April S Arnzen, Brian Shirley, Joel L Poppen, Lawrence N Mondry, Mercedes Johnson, Patrick J Byrne, Robert L Bailey, 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 bought by a variety of institutional investors in the last quarter, including Amundi Pioneer Asset Management Inc., CIBC World Markets Inc., Jericho Capital Asset Management L.P., Cavalry Management Group LLC, Schroder Investment Management Group, Oakmont Corp, Sumitomo Mitsui Trust Holdings Inc. and Global Thematic Partners LLC. 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 $57.97.
How big of a company is Micron Technology?
Micron Technology has a market capitalization of $67.53 billion and generates $20.32 billion in revenue each year. The semiconductor manufacturer earns $5.09 billion in net income (profit) each year or $4.41 on an earnings per share basis. Micron Technology employs 34,100 workers across the globe.
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 (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.
