NASDAQ:MUMicron Technology Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Micron Technology, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $46.13 -2.16 (-4.47 %) (As of 04/10/2020 07:12 AM ET) Add Compare Share Today's Range$45.35Now: $46.13▼$49.8150-Day Range$34.47MA: $46.59▼$59.9952-Week Range$31.13Now: $46.13▼$61.19Volume39.61 million shsAverage Volume38.39 million shsMarket Capitalization$51.31 billionP/E Ratio22.84Dividend YieldN/ABeta1.74 ProfileAnalyst RatingsAdvanced ChartEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media Micron Technology, Inc. engages in the provision of innovative memory and storage solutions. It operates through the following segments: Compute and Networking Business Unit (CNBU); Mobile Business Unit (MBU); Storage Business Unit (SBU); and Embedded Business Unit (EBU). The Compute and Networking Business Unit segment includes memory products sold into cloud server, enterprise, client, graphics, and networking markets. The Mobile Business Unit segment offers memory products sold into smartphone, and other mobile-device markets. The Storage Business Unit segment comprises of SSDs and component-level solutions sold into enterprise and cloud, client, and consumer solid-state drive (SSD) markets, other discrete storage products sold in component and wafer forms to the removable storage markets, and sales of 3D XPoint memory. The Embedded Business Unit segment consists of memory and storage products sold into automotive, industrial, and consumer markets. The company was founded by Ward D. Parkinson, Joseph L. Parkinson, Dennis Wilson, and Doug Pitman in October 1978 and is headquartered in Boise, ID.Read More Beat the Market (BTM) Rank™ 4.4 Analyst's Opinion Consensus RatingMicron Technology has received a consensus rating of Buy. The company's average rating score is 2.76, and is based on 24 buy ratings, 3 hold ratings, and 2 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $61.02, Micron Technology has a potential upside of 32.3% from its current price of $46.13.Amount of Analyst CoverageMicron Technology has been the subject of 18 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.5 Community Rank Outperform VotesMicron Technology has received 3,314 “outperform” votes. (Add your “outperform” vote.)Underperform VotesMicron Technology has received 1,482 “underperform” votes. (Add your “underperform” vote.)Community SentimentMicron Technology has received 69.10% “outperform” votes from our community.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. Previous Next 0.0 Dividend Strength Dividend YieldMicron Technology does not currently pay a dividend.Dividend GrowthMicron Technology does not have a long track record of dividend growth. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Micron Technology insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $704,745.00 in company stock.Percentage Held by InsidersOnly 0.18% of the stock of Micron Technology is held by insiders.Percentage Held by Institutions79.22% of the stock of Micron Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Micron Technology are expected to grow by 93.05% in the coming year, from $1.87 to $3.61 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Micron Technology is 22.84, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 11.30.Price to Earnings Ratio vs. SectorThe P/E ratio of Micron Technology is 22.84, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 29.21.Price to Earnings Growth RatioMicron Technology has a PEG Ratio of 2.51. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioMicron Technology has a P/B Ratio of 1.39. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next Analyst Opinion: 4.4Community Rank: 3.5Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.28 out of 5 stars Industry, Sector and Symbol Stock Exchange NASDAQ Industry Semiconductors & related devices Sub-IndustrySemiconductors SectorComputer and Technology Current SymbolNASDAQ:MU Previous Symbol CUSIP59511210 CIK723125 Webhttp://www.micron.com/ Phone208-368-4000Debt Debt-to-Equity Ratio0.15 Current Ratio2.74 Quick Ratio1.85Price-To-Earnings Trailing P/E Ratio22.84 Forward P/E Ratio24.67 P/E Growth2.51 Sales & Book Value Annual Sales$23.41 billion Price / Sales2.19 Cash Flow$10.85 per share Price / Cash Flow4.25 Book Value$33.29 per share Price / Book1.39Profitability EPS (Most Recent Fiscal Year)$6.15 Net Income$6.31 billion Net Margins11.72% Return on Equity7.16% Return on Assets5.39%Miscellaneous Employees37,000 Outstanding Shares1,112,190,000Market Cap$51.31 billion Next Earnings Date6/23/2020 (Estimated) OptionableOptionable Receive MU News and Ratings via Email Sign-up to receive the latest news and ratings for MU and its competitors with MarketBeat's FREE daily newsletter. NASDAQ:MU Rates by TradingView Micron Technology (NASDAQ:MU) Frequently Asked Questions How has Micron Technology's stock been impacted by COVID-19 (Coronavirus)? Micron Technology's stock was trading at $43.72 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, MU stock has increased by 5.5% and is now trading at $46.13. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Micron Technology? 29 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Micron Technology in the last year. There are currently 2 sell ratings, 3 hold ratings and 24 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Micron Technology. When is Micron Technology's next earnings date? Micron Technology is scheduled to release its next quarterly earnings announcement on Tuesday, June 23rd 2020. View our earnings forecast for Micron Technology. How were Micron Technology's earnings last quarter? Micron Technology, Inc. (NASDAQ:MU) issued its quarterly earnings results on Wednesday, March, 25th. The semiconductor manufacturer reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.08. The semiconductor manufacturer had revenue of $4.80 billion for the quarter, compared to the consensus estimate of $4.69 billion. Micron Technology had a net margin of 11.72% and a return on equity of 7.16%. Micron Technology's revenue was down 17.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.71 EPS. View Micron Technology's earnings history. How will Micron Technology's stock buyback program work? Micron Technology declared that its board has initiated a share buyback plan on Monday, May 21st 2018, which authorizes the company to repurchase $10,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 16.2% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board of directors believes its stock is undervalued. What guidance has Micron Technology issued on next quarter's earnings? Micron Technology updated its third quarter earnings guidance on Wednesday, March, 25th. The company provided EPS guidance of $0.40-$0.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.54. The company issued revenue guidance of $4.6-$5.2 billion, compared to the consensus revenue estimate of $4.88 billion. What price target have analysts set for MU? 29 Wall Street analysts have issued 1-year price objectives for Micron Technology's shares. Their forecasts range from $32.00 to $100.00. On average, they anticipate Micron Technology's share price to reach $61.02 in the next twelve months. This suggests a possible upside of 32.3% from the stock's current price. View analysts' price targets 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 well-poised to benefit from the resurgence in DRAM demand, backed by a progress in customer inventory adjustments in the cloud, graphics and the PC markets. Moreover, its focus on increasing the mix of high-value solutions in its portfolio is a boon. Further, introduction of server processors that supports higher memory densities is likely to fuel demand for its solutions. Also, its decision to cut down on capital expenditure will enable it to reach a balanced inventory level. Estimates going up ahead of the company's Q1 earnings release. However, higher mix of NAND, which has lower gross margin, falling memory prices and a slow decline in manufacturing cost, is likely to keep margins under pressure. Uncertainty hovering over trade is a concern as well. The company has mixed record of earnings surprises in recent quarters." (12/16/2019) 2. Rosenblatt Securities analysts commented, "We are taking the opportunity to adjust our model for the Huawei blacklisting dynamic, which for Micron is a ~13% hit to sales in the near-term. We expect Micron can make some of this hit elsewhere globally over time." (5/24/2019) Has Micron Technology been receiving favorable news coverage? Media headlines about MU stock have been trending very negative this week, according to InfoTrie. The research group ranks the sentiment of press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Micron Technology earned a news sentiment score of -3.3 on InfoTrie's scale. They also gave news stories about the semiconductor manufacturer a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news aboutMicron Technology. Who are some of Micron Technology's key competitors? Some companies that are related to Micron Technology include Intel (INTC), NVIDIA (NVDA), Broadcom (AVGO), Texas Instruments (TXN), Analog Devices (ADI), Xilinx (XLNX), Microchip Technology (MCHP), Marvell Technology Group (MRVL), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Cypress Semiconductor (CY), Monolithic Power Systems (MPWR), Cree (CREE), First Solar (FSLR) and Inphi (IPHI). What other stocks do shareholders of Micron Technology own? Based on aggregate information from My MarketBeat watchlists, some companies that other Micron Technology investors own include NVIDIA (NVDA), Alibaba Group (BABA), General Electric (GE), Canopy Growth (CGC), CA (CA), Advanced Micro Devices (AMD), Bank of America (BAC), Endologix (ELGX), Netflix (NFLX) and BlackRock (BLK). Who are Micron Technology's key executives? Micron Technology's management team includes the following people: Sanjay Mehrotra, President, Chief Executive Officer & DirectorManish Bhatia, Executive Vice President-Global OperationsDavid A. Zinsner, Chief Financial Officer & Senior Vice PresidentScott J. DeBoer, Executive Vice President-Technology DevelopmentTrevor Schulze, Chief Information Officer & Vice President-IT What is Micron Technology's stock symbol? Micron Technology trades on the NASDAQ under the ticker symbol "MU." Who are Micron Technology's major shareholders? Micron Technology's stock is owned by a number of retail and institutional investors. Top institutional investors include Hexavest Inc. (0.07%), State of Alaska Department of Revenue (0.03%), CHURCHILL MANAGEMENT Corp (0.01%), M&G Investment Management Ltd. (0.01%), IFM Investors Pty Ltd (0.01%) and Enterprise Trust & Investment Co (0.01%). Company insiders that own Micron Technology stock include April S Arnzen, Joel L Poppen, Michael W Bokan, Patrick J Byrne, Robert E Switz, 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 M&G Investment Management Ltd., Hexavest Inc., Enterprise Trust & Investment Co, Legacy Bridge LLC, IFM Investors Pty Ltd, Gradient Investments LLC, Mountain Pacific Investment Advisers Inc. ID, and Fulton Bank N.A.. Company insiders that have sold Micron Technology company stock in the last year include April S Arnzen, Joel L Poppen, Michael W Bokan, Patrick J Byrne, and Scott J Deboer. View insider buying and selling activity for Micron Technology. Which institutional investors are buying Micron Technology stock? MU stock was bought by a variety of institutional investors in the last quarter, including CHURCHILL MANAGEMENT Corp, State of Alaska Department of Revenue, IBM Retirement Fund, Nelson Van Denburg & Campbell Wealth Management Group LLC, Blackhawk Capital Partners LLC., Xcel Wealth Management LLC, Grassi Investment Management, and Wiley BROS. Aintree Capital LLC. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab. What is Micron Technology's stock price today? One share of MU stock can currently be purchased for approximately $46.13. How big of a company is Micron Technology? Micron Technology has a market capitalization of $51.31 billion and generates $23.41 billion in revenue each year. The semiconductor manufacturer earns $6.31 billion in net income (profit) each year or $6.15 on an earnings per share basis. Micron Technology employs 37,000 workers across the globe. View additional information about Micron Technology. What is Micron Technology's official website? The official website for Micron Technology is http://www.micron.com/. 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] This page was last updated on 4/10/2020 by MarketBeat.com StaffFeatured Article: Outstanding Shares and The Effect on Share Price
