Micron Technology Company Profile (NASDAQ:MU)

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

Micron Technology, Inc. (NASDAQ:MU) released its quarterly earnings data on Thursday, June, 29th. The company reported $1.62 EPS for the quarter, topping analysts' consensus estimates of $1.37 by $0.25. The firm had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $5.41 billion. Micron Technology had a return on equity of 19.05% and a net margin of 14.66%. The firm's revenue was up 92.2% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.08) earnings per share. View Micron Technology's Earnings History.

Micron Technology is scheduled to release their next quarterly earnings announcement on Tuesday, September, 26th 2017. View Earnings Estimates for Micron Technology.

Micron Technology updated its fourth quarter earnings guidance on Thursday, June, 29th. The company provided earnings per share (EPS) guidance of $1.73-1.87 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.60. The company issued revenue guidance of $5.7-6.1 billion, compared to the consensus revenue estimate of $5.63 billion.

32 brokers have issued 1 year price targets for Micron Technology's shares. Their predictions range from $9.00 to $50.00. On average, they expect Micron Technology's share price to reach $37.93 in the next year. 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. According to Zacks Investment Research, "Micron offers both DRAM and NAND products. The stock has outperformed the broader market in the last one year. The main reason behind the optimism surrounding the stock is improving prices for DRAM and NAND chips, which makes investors confident about Micron’s growth. Going ahead, industry experts believe that total demand could surpass manufacturing capacity, leading to a periodic shortage and higher pricing in the near term. We believe that any increase in prices will have a favorable impact on the company’s top line, the benefit of which is likely to flow down to the bottom line. 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. However, after acquiring SanDisk, Western Digital has become a key player in the NAND space, which could increase competition in the industry." (6/27/2017)
• 4. 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)
• 5. 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)

Micron Technology saw a decline in short interest in August. As of August 31st, there was short interest totalling 48,500,488 shares, a decline of 11.4% from the August 15th total of 54,736,409 shares. Based on an average daily volume of 23,541,550 shares, the days-to-cover ratio is currently 2.1 days. Approximately 4.6% of the company's shares are sold short.

Some companies that are related to Micron Technology include Analog Devices (ADI), NXP Semiconductors N.V. (NXPI), Microchip Technology Incorporated (MCHP), STMicroelectronics N.V. (STM), Xilinx (XLNX), Maxim Integrated Products (MXIM), Advanced Micro Devices (AMD), Freescale Semiconductor Ltd (FSL), Advanced Semiconductor Engineering (ASX), Flextronics International (FLEX), Marvell Technology Group (MRVL), ON Semiconductor Corporation (ON), Arrow Electronics (ARW), United Microelectronics Corporation (UMC), Coherent (COHR), Semiconductor Manufacturing International Corporation (SMI), Microsemi Corporation (MSCC) 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 variety of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (6.54%), Capital Research Global Investors (3.59%), Dimensional Fund Advisors LP (1.27%), Donald Smith & CO. Inc. (1.20%), Janus Henderson Group PLC (1.07%) and Amerigo Asset Management (0.73%). 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 Vanguard Group Inc., Riverhead Capital Management LLC, Westpac Banking Corp, Teachers Advisors LLC, Brandywine Global Investment Management LLC, TIAA CREF Investment Management LLC, Fred Alger Management Inc. and AJO LP. Company insiders that have sold Micron Technology stock in the last year include April S Arnzen, Brian Shirley, 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 purchased by a variety of institutional investors in the last quarter, including Capital Research Global Investors, Janus Henderson Group PLC, BT Investment Management Ltd, Bank of Montreal Can, Pioneer Investment Management Inc., Marshall Wace North America L.P., Parametric Portfolio Associates LLC and Seminole Management Co. Inc.. 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 $36.07.