NASDAQ:MU - Micron Technology Stock Price, Price Target & More

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

Micron Technology announced that its board has initiated a share buyback program 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 buy up to 16.2% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board of directors believes its stock is undervalued.

Micron Technology, Inc. (NASDAQ:MU) released its quarterly earnings results on Wednesday, June, 20th. The semiconductor manufacturer reported $3.15 earnings per share for the quarter, topping the consensus estimate of $3.13 by $0.02. The semiconductor manufacturer earned $7.80 billion during 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 firm's quarterly revenue was up 40.1% compared to the same quarter last year. During the same period last year, the business posted $1.62 EPS. View Micron Technology's Earnings History.

Micron Technology is scheduled to release their next quarterly earnings announcement on Monday, September, 24th 2018. View Earnings Estimates for Micron Technology.

Micron Technology updated its fourth quarter earnings guidance on Wednesday, June, 20th. The company provided earnings per share 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.

30 equities research analysts have issued 1 year target prices for Micron Technology's stock. Their predictions range from $35.00 to $120.00. On average, they anticipate Micron Technology's share price to reach $72.50 in the next twelve months. This suggests a possible upside of 31.8% from the stock's current price. View Analyst Ratings 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."

Micron Technology saw a increase in short interest during 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 daily volume of 50,820,867 shares, the short-interest ratio is presently 1.1 days. Currently, 4.9% of the company's shares are short sold. View Micron Technology's Current Options Chain.

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), Analog Devices (ADI), NXP Semiconductors (NXPI), Infineon Technologies (IFNNY), TOKYO ELECTRON/ADR (TOELY), Microchip Technology (MCHP), STMicroelectronics (STM), Kyocera (KYO), Skyworks Solutions (SWKS) and Maxim Integrated Products (MXIM).

News articles about MU stock have trended somewhat positive this week, Accern reports. Accern rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Micron Technology earned a media sentiment score of 0.24 on Accern's scale. They also gave press coverage about the semiconductor manufacturer an impact score of 44.90 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next few days.

Micron Technology's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Pendal Group Ltd (0.20%), Fred Alger Management Inc. (0.11%), DnB Asset Management AS (0.09%), NN Investment Partners Holdings N.V. (0.07%), Retirement Systems of Alabama (0.05%) and Gateway Investment Advisers 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 L Bailey, Scott J Deboer and Steven L Thorsen Jr. View Institutional Ownership Trends for Micron Technology.

MU stock was sold by a variety of institutional investors in the last quarter, including DnB Asset Management AS, Arvest Bank Trust Division, Pendal Group Ltd, Fred Alger Management Inc., Hartford Investment Management Co., Denali Advisors LLC, Jag Capital Management LLC and Clinton Group Inc.. 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.

MU stock was purchased by a variety of institutional investors in the last quarter, including Cornerstone Wealth Management LLC, NN Investment Partners Holdings N.V., Dalton Greiner Hartman Maher & Co., Boston Advisors LLC, Assenagon Asset Management S.A., James Investment Research Inc., Prospera Financial Services Inc and State of Alaska Department of Revenue. View Insider Buying and Selling for 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.

One share of MU stock can currently be purchased for approximately $55.02.

Micron Technology has a market capitalization of $63.81 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.

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]