NASDAQ:MU - Micron Technology Stock Price, News, & Analysis

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$37.44 -1.67 (-4.27 %)
(As of 11/12/2018 04:00 PM ET)
Previous Close$39.11
Today's Range$36.84 - $38.53
52-Week Range$33.82 - $64.66
Volume24.75 million shs
Average Volume44.84 million shs
Market Capitalization$44.36 billion
P/E Ratio3.17
Dividend YieldN/A
Beta1.69
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. Micron Technology, Inc. was founded in 1978 and is headquartered in Boise, Idaho.

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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 Ratio3.17
Forward P/E Ratio3.67
P/E Growth0.6

Sales & Book Value

Annual Sales$30.39 billion
Price / Sales1.40
Cash Flow$16.00 per share
Price / Cash2.34
Book Value$28.59 per share
Price / Book1.31

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 Shares1,134,260,000
Market Cap$44.36 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 declared that its board has authorized a stock buyback plan on Monday, May 21st 2018, which authorizes the company to buyback $10,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 16.2% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board believes its shares are undervalued.

How were Micron Technology's earnings last quarter?

Micron Technology, Inc. (NASDAQ:MU) posted its earnings results on Thursday, September, 20th. The semiconductor manufacturer reported $3.53 EPS for the quarter, beating the Zacks' consensus estimate of $3.33 by $0.20. The semiconductor manufacturer earned $8.44 billion during the quarter, compared to analysts' expectations of $8.25 billion. Micron Technology had a return on equity of 51.68% and a net margin of 46.51%. The firm's quarterly revenue was up 37.5% compared to the same quarter last year. During the same period last year, the company earned $2.02 EPS. View Micron Technology's Earnings History.

When is Micron Technology's next earnings date?

Micron Technology is scheduled to release their next quarterly earnings announcement on Tuesday, December 18th 2018. View Earnings Estimates for Micron Technology.

What guidance has Micron Technology issued on next quarter's earnings?

Micron Technology updated its first quarter earnings guidance on Thursday, September, 20th. The company provided EPS guidance of $2.87-3.02 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.06. The company issued revenue guidance of $7.9-8.3 billion, compared to the consensus revenue estimate of $8.42 billion.

What price target have analysts set for MU?

30 equities research analysts have issued 1 year target prices for Micron Technology's shares. Their forecasts range from $35.00 to $120.00. On average, they anticipate Micron Technology's stock price to reach $67.0357 in the next year. This suggests a possible upside of 79.0% from the stock's current price. View Analyst Price Targets 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 10 hold ratings, 19 buy ratings and 1 strong buy rating 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 coverage about MU stock has trended somewhat positive recently, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. 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 media sentiment score of 0.6 on InfoTrie's scale. They also assigned media stories about the semiconductor manufacturer a news buzz of 7.0 out of 10, indicating that recent press coverage is likely to have an impact on the company's share price in the near term.

Are investors shorting Micron Technology?

Micron Technology saw a drop in short interest in October. As of October 31st, there was short interest totalling 54,916,454 shares, a drop of 4.5% from the October 15th total of 57,500,521 shares. Based on an average daily volume of 37,249,698 shares, the short-interest ratio is presently 1.5 days. Currently, 5.0% of the shares of the stock are short sold. View Micron Technology's Current Options Chain.

Who are some of Micron Technology's key competitors?

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. Steven L. Thorsen Jr., Advisor (Age 53)

Who are Micron Technology's major shareholders?

Micron Technology's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Janus Henderson Group PLC (0.84%), Donald Smith & CO. Inc. (0.68%), Sumitomo Mitsui Trust Holdings Inc. (0.38%), Swiss National Bank (0.33%), Artemis Investment Management LLP (0.31%) and First Trust Advisors LP (0.26%). 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 CI Investments Inc., Zweig DiMenna Associates LLC, TCW Group Inc., DNB Asset Management AS, Sumitomo Mitsui Asset Management Company LTD, State of New Jersey Common Pension Fund D, Alliancebernstein L.P. and Canada Pension Plan Investment Board. 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 acquired by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Global Thematic Partners LLC, Russell Investments Group Ltd., First Trust Advisors LP, Yacktman Asset Management LP, Artemis Investment Management LLP, Prudential Financial Inc. and Denali Advisors 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 $37.44.

How big of a company is Micron Technology?

Micron Technology has a market capitalization of $44.36 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?

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]


MarketBeat Community Rating for Micron Technology (NASDAQ MU)

Community Ranking:  3.5 out of 5 (star star star half star)
Outperform Votes:  2,780 (Vote Outperform)
Underperform Votes:  1,217 (Vote Underperform)
Total Votes:  3,997
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.
This page was last updated on 11/12/2018 by MarketBeat.com Staff

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