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
Stock Exchange NASDAQ
Industry Semiconductors & related devices
Sub-IndustrySemiconductors
SectorComputer and Technology
SymbolNASDAQ:MU
CUSIP59511210
Phone208-368-4000
Debt
Debt-to-Equity Ratio0.20
Current Ratio2.63
Quick Ratio2.06
Price-To-Earnings
Trailing P/E Ratio5.46
Forward P/E Ratio4.87
P/E Growth0.6
Sales & Book Value
Annual Sales$20.32 billion
Price / Sales3.22
Cash Flow$8.2023 per share
Price / Cash6.87
Book Value$25.45 per share
Price / Book2.21
Profitability
EPS (Most Recent Fiscal Year)$4.41
Net Income$5.09 billion
Net Margins43.35%
Return on Equity51.12%
Return on Assets32.50%
Miscellaneous
Employees34,100
Outstanding Shares1,159,810,000
Market Cap$65,355.35
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 approved a share buyback plan on Monday, May 21st 2018, which permits the company to repurchase $10,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 16.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its stock is undervalued.
How were Micron Technology's earnings last quarter?
Micron Technology, Inc. (NASDAQ:MU) released its quarterly earnings data on Wednesday, June, 20th. The semiconductor manufacturer reported $3.15 earnings per share for the quarter, beating the consensus estimate of $3.13 by $0.02. The semiconductor manufacturer had revenue of $7.80 billion for the quarter, compared to analysts' expectations of $7.76 billion. Micron Technology had a return on equity of 51.12% and a net margin of 43.35%. The company's revenue for the quarter was up 40.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.62 EPS. 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 updated its fourth quarter earnings guidance on Wednesday, June, 20th. The company provided earnings per share (EPS) guidance of $3.23-3.37 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.17. The company issued revenue guidance of $8-8.4 billion, compared to the consensus revenue estimate of $8.02 billion.
What price target have analysts set for MU?
30 analysts have issued 1 year target prices for Micron Technology's stock. Their forecasts range from $35.00 to $120.00. On average, they expect Micron Technology's stock price to reach $72.0667 in the next twelve months. This suggests a possible upside of 27.9% from the stock's current price. View Analyst Ratings for Micron Technology.
What is the consensus analysts' recommendation for Micron Technology?
30 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Micron Technology in the last year. There are currently 6 hold ratings, 23 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
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)
Are investors shorting Micron Technology?
Micron Technology saw a increase in short interest in the month of June. As of June 29th, there was short interest totalling 53,854,901 shares, an increase of 6.5% from the June 15th total of 50,576,421 shares. Based on an average trading volume of 50,820,867 shares, the days-to-cover ratio is presently 1.1 days. Currently, 4.9% of the company's stock are sold short. 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 Intel (INTC), Taiwan Semiconductor Mfg. (TSM), NVIDIA (NVDA), Texas Instruments (TXN), Broadcom (AVGO), 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?
Media coverage about MU stock has been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Micron Technology earned a media sentiment score of 0.13 on Accern's scale. They also gave news stories about the semiconductor manufacturer an impact score of 46.76 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near term.
Who are Micron Technology's major shareholders?
Micron Technology's stock is owned by many different of institutional and retail investors. Top institutional shareholders include DnB Asset Management AS (0.09%), NN Investment Partners Holdings N.V. (0.07%), Gateway Investment Advisers LLC (0.04%), Gulf International Bank UK Ltd (0.03%), Private Asset Management Inc. (0.03%) and Xact Kapitalforvaltning AB (0.02%). 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 institutional investors are selling Micron Technology stock?
MU stock was sold by a variety of institutional investors in the last quarter, including DnB Asset Management AS, Denali Advisors LLC, Clinton Group Inc., Atria Investments LLC, Fjarde AP Fonden Fourth Swedish National Pension Fund, Hartwell J M Limited Partnership, Gibraltar Capital Management Inc. and First Citizens Bank & Trust Co.. Company insiders that have sold Micron Technology company stock in the last year include April S Arnzen, 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 institutional investors are buying Micron Technology stock?
MU stock was purchased by a variety of institutional investors in the last quarter, including NN Investment Partners Holdings N.V., Dalton Greiner Hartman Maher & Co., State of Alaska Department of Revenue, Abner Herrman & Brock LLC, KAMES CAPITAL plc, Empowered Funds LLC, IFM Investors Pty Ltd and Gateway Investment Advisers 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 $56.35.
How big of a company is Micron Technology?
Micron Technology has a market capitalization of $65.36 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 (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.
