micron technology inc. - MU

MU

Close Chg Chg %
102.76 -0.12 -0.12%

Closed Market

102.64

-0.12 (0.12%)

Volume: 12.06M

Last Updated:

Nov 22, 2024, 4:00 PM EDT

Company Overview: micron technology inc. - MU

MU Key Data

Open

$102.36

Day Range

101.65 - 103.71

52 Week Range

72.93 - 157.54

Market Cap

$113.93B

Shares Outstanding

1.11B

Public Float

1.10B

Beta

1.18

Rev. Per Employee

N/A

P/E Ratio

147.67

EPS

$0.70

Yield

44.76%

Dividend

$0.12

EX-DIVIDEND DATE

Oct 7, 2024

SHORT INTEREST

N/A

AVERAGE VOLUME

15.32M

 

MU Performance

1 Week
 
6.66%
 
1 Month
 
-4.77%
 
3 Months
 
-0.09%
 
1 Year
 
33.68%
 
5 Years
 
124.02%
 

MU Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 43
Full Ratings ➔

About micron technology inc. - MU

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), Embedded Business Unit (EBU), and Storage Business Unit (SBU). The CNBU segment includes memory products and solutions sold into client, cloud server, enterprise, graphics, and networking markets. The MBU segment is involved in memory and storage products sold into smartphone and other mobile-device markets. The EBU segment focuses on memory and storage products sold into automotive, industrial, and consumer Markets. The SBU segment consists of SSDs and component-level solutions sold into enterprise and cloud, client, and consumer storage markets. The company was founded by Ward D. Parkinson, Joseph Leon Parkinson, Dennis Wilson, and Doug Pitman on October 5, 1978 and is headquartered in Boise, ID.

MU At a Glance

Micron Technology, Inc.
8000 South Federal Way
Boise, Idaho 83716-9632
Phone 1-208-368-4000 Revenue 25.11B
Industry Semiconductors Net Income 778.00M
Sector Electronic Technology 2024 Sales Growth 61.589%
Fiscal Year-end 08 / 2025 Employees 48,000
View SEC Filings

MU Valuation

P/E Current 147.665
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) 137.333
Price to Sales Ratio 4.255
Price to Book Ratio 2.348
Price to Cash Flow Ratio 12.56
Enterprise Value to EBITDA 12.527
Enterprise Value to Sales 4.493
Total Debt to Enterprise Value 0.125

MU Efficiency

Revenue/Employee 523,145.833
Income Per Employee 16,208.333
Receivables Turnover 3.796
Total Asset Turnover 0.376

MU Liquidity

Current Ratio 2.635
Quick Ratio 1.676
Cash Ratio 0.877

MU Profitability

Gross Margin 23.038
Operating Margin 4.882
Pretax Margin 4.938
Net Margin 3.098
Return on Assets 1.164
Return on Equity 1.743
Return on Total Capital 1.314
Return on Invested Capital 1.336

MU Capital Structure

Total Debt to Total Equity 31.194
Total Debt to Total Capital 23.777
Total Debt to Total Assets 20.281
Long-Term Debt to Equity 30.081
Long-Term Debt to Total Capital 22.929
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Micron Technology Inc. - MU

Collapse All in section
All values USD millions. 2021 2022 2023 2024 5-year trend
Sales/Revenue
27.70B 30.76B 15.54B 25.11B
Sales Growth
+29.25% +11.02% -49.48% +61.59%
Cost of Goods Sold (COGS) incl D&A
17.31B 16.81B 16.70B 19.33B
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
6.21B 7.12B 7.76B 7.78B
Depreciation
6.13B 7.03B 7.67B 7.70B
Amortization of Intangibles
84.00M 85.00M 86.00M 82.00M
COGS Growth
+16.30% -2.90% -0.67% +15.76%
Gross Income
10.40B 13.95B (1.16B) 5.79B
Gross Income Growth
+58.67% +34.20% -108.28% +600.87%
Gross Profit Margin
+37.52% +45.36% -7.43% +23.04%
2021 2022 2023 2024 5-year trend
SG&A Expense
3.56B 4.18B 4.03B 4.56B
Research & Development
2.66B 3.12B 3.11B 3.43B
Other SG&A
894.00M 1.07B 920.00M 1.13B
SGA Growth
+2.18% +17.57% -3.54% +13.01%
Other Operating Expense
- - - -
-
Unusual Expense
503.00M 131.00M 340.00M 33.00M
EBIT after Unusual Expense
6.34B 9.64B (5.53B) 1.19B
Non Operating Income/Expense
65.00M 122.00M 259.00M 609.00M
Non-Operating Interest Income
37.00M 96.00M 468.00M 529.00M
Equity in Earnings of Affiliates
- - - -
-
Interest Expense
183.00M 189.00M 388.00M 562.00M
Interest Expense Growth
-5.67% +3.28% +105.29% +44.85%
Gross Interest Expense
249.00M 266.00M 596.00M 787.00M
Interest Capitalized
66.00M 77.00M 208.00M 225.00M
Pretax Income
6.22B 9.57B (5.66B) 1.24B
Pretax Income Growth
+108.45% +53.92% -159.12% +121.92%
Pretax Margin
+22.44% +31.12% -36.41% +4.94%
Income Tax
394.00M 888.00M 177.00M 451.00M
Income Tax - Current - Domestic
43.00M 66.00M 6.00M 83.00M
Income Tax - Current - Foreign
370.00M 528.00M 178.00M 333.00M
Income Tax - Deferred - Domestic
(19.00M) 391.00M 84.00M (18.00M)
Income Tax - Deferred - Foreign
- (97.00M) (91.00M) 53.00M
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Other After Tax Income (Expense)
- - - -
-
Consolidated Net Income
5.86B 8.69B (5.83B) 778.00M
Minority Interest Expense
- - - -
-
Net Income
5.86B 8.69B (5.83B) 778.00M
Net Income Growth
+118.12% +48.22% -167.15% +113.34%
Net Margin Growth
+21.16% +28.24% -37.54% +3.10%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
5.86B 8.69B (5.83B) 778.00M
Preferred Dividends
- - - -
-
Net Income Available to Common
5.86B 8.69B (5.83B) 778.00M
EPS (Basic)
5.233 7.812 -5.3367 0.7041
EPS (Basic) Growth
+116.18% +49.28% -168.31% +113.19%
Basic Shares Outstanding
1.12B 1.11B 1.09B 1.10B
EPS (Diluted)
5.1367 7.7424 -5.3367 0.6959
EPS (Diluted) Growth
+116.54% +50.73% -168.93% +113.04%
Diluted Shares Outstanding
1.14B 1.12B 1.09B 1.12B
EBITDA
13.05B 16.89B 2.57B 9.01B
EBITDA Growth
+49.67% +29.36% -84.80% +250.84%
EBITDA Margin
+47.11% +54.90% +16.52% +35.86%

Snapshot

Average Recommendation BUY Average Target Price 145.938
Number of Ratings 43 Current Quarters Estimate 1.733
FY Report Date 11 / 2024 Current Year's Estimate 8.877
Last Quarter’s Earnings 1.18 Median PE on CY Estimate N/A
Year Ago Earnings 1.30 Next Fiscal Year Estimate 12.745
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 29 29 35 30
Mean Estimate 1.73 1.93 8.88 12.75
High Estimates 1.93 2.23 13.13 18.00
Low Estimate 1.21 1.49 6.37 7.30
Coefficient of Variance 6.45 8.53 13.27 21.54

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 29 29 29
OVERWEIGHT 10 10 10
HOLD 3 3 2
UNDERWEIGHT 0 0 1
SELL 1 1 0
MEAN Buy Buy Buy

Insider Actions for Micron Technology Inc. - MU

Date Name Shares Transaction Value
Jul 18, 2024 Sanjay Mehrotra CEO and President; Director 709,541 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $133.55 per share 94,759,200.55
Jul 18, 2024 Scott J. DeBoer EVP, Technology & Products 156,304 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $133.55 per share 20,874,399.20
Jul 18, 2024 Mark Joseph Murphy EVP & Chief Financial Officer 193,727 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $133.55 per share 25,872,240.85
Jul 18, 2024 Sumit Sadana EVP and Chief Business Officer 214,645 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $133.55 per share 28,665,839.75
Jul 18, 2024 April L. Arnzen EVP and Chief People Officer 140,720 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $133.55 per share 18,793,156.00
Jul 18, 2024 Michael W. Bokan SVP, Worldwide Sales 136,949 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $133.55 per share 18,289,538.95
Jul 18, 2024 Manish Bhatia EVP, Global Operations 275,166 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $133.55 per share 36,748,419.30
Jul 18, 2024 Scott R. Allen CVP, Chief Accounting Officer 47,134 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $133.55 per share 6,294,745.70
Jul 3, 2024 Robert Holmes Swan Director 1,449 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jun 14, 2024 Sanjay Mehrotra CEO and President; Director 725,766 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $132.76 per share 96,352,694.16
Jun 14, 2024 Sanjay Mehrotra CEO and President; Director 723,222 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $134.16 per share 97,027,463.52
Jun 14, 2024 Sanjay Mehrotra CEO and President; Director 719,398 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $134.86 per share 97,018,014.28
Jun 14, 2024 Sanjay Mehrotra CEO and President; Director 719,049 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $135.75 per share 97,610,901.75
Jun 14, 2024 Sanjay Mehrotra CEO and President; Director 749,049 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 Non-derivative transaction at $28.2 per share 21,123,181.80
Jun 14, 2024 Sanjay Mehrotra CEO and President; Director 719,049 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $140 per share 100,666,860.00
Jun 14, 2024 Sanjay Mehrotra CEO and President; Director 64,284 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Jun 14, 2024 Sanjay Mehrotra CEO and President; Director 34,284 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
May 14, 2024 Sumit Sadana EVP and Chief Business Officer 218,048 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $123.01 per share 26,822,084.48
May 14, 2024 Sumit Sadana EVP and Chief Business Officer 230,048 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $121.14 per share 27,868,014.72
May 14, 2024 Sumit Sadana EVP and Chief Business Officer 264,840 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 Non-derivative transaction at $41.56 per share 11,006,750.40

Micron Technology Inc. in the News

Technology

Micron to open memory design center in Atlanta

Micron’s Atlanta Design Center, which will open for business in January 2022, will create up to 500 jobs across various STEM disciplines, including computer hardware and electrical and electronic engineering.