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
Stock Exchange NASDAQ
Industry Semiconductors & related devices
Sub-IndustrySemiconductors
SectorComputer and Technology
Current SymbolNASDAQ:MU
Previous Symbol
CUSIP59511210
Phone208-368-4000
Debt
Debt-to-Equity Ratio0.11
Current Ratio2.79
Quick Ratio2.16
Price-To-Earnings
Trailing P/E Ratio2.80
Forward P/E Ratio3.45
P/E Growth0.56
Sales & Book Value
Annual Sales$30.39 billion
Price / Sales1.22
Cash Flow$16.3079 per share
Price / Cash Flow2.03
Book Value$28.59 per share
Price / Book1.16
Profitability
EPS (Most Recent Fiscal Year)$11.82
Net Income$14.14 billion
Net Margins46.51%
Return on Equity51.68%
Return on Assets35.57%
Miscellaneous
Employees36,000
Outstanding Shares1,120,100,000
Market Cap$37.95 billion
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 has approved a stock repurchase plan on Monday, May 21st 2018, which allows the company to repurchase $10,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 16.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its shares are undervalued.
How were Micron Technology's earnings last quarter?
Micron Technology, Inc. (NASDAQ:MU) issued its quarterly earnings results on Tuesday, December, 18th. The semiconductor manufacturer reported $2.97 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $2.90 by $0.07. The semiconductor manufacturer had revenue of $7.91 billion for the quarter, compared to the consensus estimate of $8.01 billion. Micron Technology had a net margin of 46.51% and a return on equity of 51.68%. During the same period last year, the firm posted $2.45 earnings per share. View Micron Technology's Earnings History.
What guidance has Micron Technology issued on next quarter's earnings?
Micron Technology updated its second quarter earnings guidance on Wednesday, December, 19th. The company provided earnings per share guidance of $1.65-1.85 for the period, compared to the Thomson Reuters consensus estimate of $2.45. The company issued revenue guidance of $5.7-6.3 billion, compared to the consensus revenue estimate of $7.18 billion.
What price target have analysts set for MU?
31 analysts have issued twelve-month price objectives for Micron Technology's stock. Their forecasts range from $32.00 to $120.00. On average, they anticipate Micron Technology's share price to reach $58.3793 in the next twelve months. This suggests a possible upside of 76.9% from the stock's current price. View Analyst Price Targets for Micron Technology.
What is the consensus analysts' recommendation for Micron Technology?
31 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Micron Technology in the last year. There are currently 1 sell rating, 12 hold ratings and 18 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Micron Technology.
Has Micron Technology been receiving favorable news coverage?
News stories about MU stock have been trending positive this week, according to InfoTrie Sentiment. The research group identifies negative and positive media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Micron Technology earned a news sentiment score of 3.0 on InfoTrie's scale. They also gave media headlines about the semiconductor manufacturer a news buzz of 5.0 out of 10, meaning that recent media coverage is somewhat likely to have an effect on the stock's share price in the immediate future.
Are investors shorting Micron Technology?
Micron Technology saw a increase in short interest in November. As of November 30th, there was short interest totalling 48,279,120 shares, an increase of 7.5% from the November 15th total of 52,215,420 shares. Based on an average daily volume of 27,112,013 shares, the short-interest ratio is currently 1.8 days. Currently, 4.5% of the company's shares 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), Texas Instruments (TXN), NVIDIA (NVDA), Analog Devices (ADI), Applied Materials (AMAT), NXP Semiconductors (NXPI), Infineon Technologies (IFNNY), Xilinx (XLNX), TOKYO ELECTRON/ADR (TOELY), Advanced Micro Devices (AMD), Kyocera (KYOCY), Microchip Technology (MCHP), Maxim Integrated Products (MXIM), Skyworks Solutions (SWKS) and STMicroelectronics (STM).
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. 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. Brian M. Shirley, Sr. VP of DRAM & Emerging Memory Engineering (Age 49)
- Mr. David A. Zinsner, Sr. VP & CFO (Age 49)
Who are Micron Technology's major shareholders?
Micron Technology's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc (7.85%), Primecap Management Co. CA (5.12%), AQR Capital Management LLC (2.52%), Capital World Investors (2.22%), Dimensional Fund Advisors LP (1.19%) and Janus Henderson Group PLC (0.84%). 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 Capital Research Global Investors, CI Investments Inc., Mitsubishi UFJ Trust & Banking Corp, Zweig DiMenna Associates LLC, Schroder Investment Management Group, TCW Group Inc., DNB Asset Management AS and TIAA CREF Investment Management LLC. Company insiders that have sold Micron Technology company stock in the last year include April S Arnzen, Mercedes Johnson, Patrick J Byrne, Robert E Switz, 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 Capital World Investors, AQR Capital Management LLC, Federated Investors Inc. PA, Janus Henderson Group PLC, Vanguard Group Inc, Senator Investment Group LP, Global Thematic Partners LLC and Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp. 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 $33.01.
How big of a company is Micron Technology?
Micron Technology has a market capitalization of $37.95 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.
