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Micron Technology (MU)

It is an industry leader in innovative memory and storage solutions. Through its global brands - Micron® and Crucial® - its broad portfolio of high-performance memory and storage technologies, including DRAM, NAND, 3D XPoint™ memory, and NOR, is transforming how the world uses information to enrich life for all. Backed by more than 40 years of technology leadership, its memory and storage solutions enable disruptive trends, including artificial intelligence, 5G, machine learning, and autonomous vehicles, in key market segments like mobile, data center, client, consumer, industrial, graphics, automotive, and networking.

Company profile

Ticker
MU
Exchange
NASDAQ
Website
www.micron.com
CEO
Sanjay Mehrotra
Employees
Incorporated
Delaware
Location
Idaho
Fiscal year end
Sep 01
Sector
Manufacturing > Semiconductor and Related Device Manufacturing
Industry (SIC)
Semiconductors & Related Devices
Intel • Broadcom • Texas Instruments • Applied Materials • ST Microelectronics - New York Shares • Broadcom • Marvell Technology • NXP Semiconductors • Marvell Technology • NVIDIA ...
SEC CIK
0000723125
Corporate docs
Subsidiaries
Micron Asia Pacific LLC • Micron Europe Limited • Micron International LLC • Micron Japan, Ltd. • Micron Memory Japan, G.K. • Micron Memory Taiwan Co., Ltd. • Micron Semiconductor Asia, LLC • Micron Semiconductor Asia Operations Pte. Ltd. • Micron Semiconductor Asia Pte. Ltd. • Micron Semiconductor Products, Inc. ...
IRS number
751618004

MU stock data

News

From Benzinga Pro
10 Information Technology Stocks Whale Activity In Today's Session
12 Aug 22
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Samsung Cutting DDR4 Chip Prices
11 Aug 22
Samsung has cut its 4Gb DDR4 chip prices, which may accelerate the niche memory segment's transition to DDR4 from DDR3, according to industry sources. -DigiTimes Alert
Analysts Trimmed Price Targets Up To 11% On Micron Post Guidance Revision
10 Aug 22
What 30 Analyst Ratings Have To Say About Micron Technology
10 Aug 22
Deutsche Bank Maintains Buy on Micron Technology, Lowers Price Target to $68
10 Aug 22

Press releases

From Benzinga Pro
Thinking about trading options or stock in Micron Technology, Constellation Brands, Novavax, McKesson Corp, or Cigna?
9 Aug 22
NEW YORK, Aug. 9, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for MU, STZ, NVAX, MCK, and CI.
Micron Announces $40 Billion Investment in Leading-Edge Memory Manufacturing in the US
9 Aug 22
BOISE, Idaho, Aug. 09, 2022 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (NASDAQ:MU), one of the world's largest semiconductor companies and the only U.S.-based manufacturer of memory, today announced its plans to
Micron Technology Announces Upcoming Investor Event
2 Aug 22
BOISE, Idaho, Aug. 02, 2022 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (NASDAQ:MU), today announced company executives will take part in a fireside chat at the KeyBanc Technology Leadership Forum at the Grand Hyatt
Micron Announces Intent to Bring Leading-Edge Memory Manufacturing to the U.S.
29 Jul 22
Thinking about trading options or stock in Verizon, Micron, Roku, Intuitive Surgical, or Etsy?
22 Jul 22

Analyst ratings and price targets

Last 3 months
Current price
Average target
$73.61
Low target
$50.00
High target
$100.00
Deutsche Bank
Maintains
Buy
$68.00
10 Aug 22
Mizuho
Maintains
Buy
$75.00
10 Aug 22
Citigroup
Maintains
Buy
$75.00
10 Aug 22
Raymond James
Downgraded
Outperform
$65.00
10 Aug 22
Goldman Sachs
Maintains
Buy
$75.00
5 Jul 22
Wells Fargo
Maintains
Overweight
$90.00
1 Jul 22
Rosenblatt
Maintains
Buy
$100.00
1 Jul 22
Cowen & Co.
Maintains
Outperform
$70.00
1 Jul 22
Baird
Maintains
Neutral
$60.00
1 Jul 22
Needham
Maintains
Buy
$64.00
1 Jul 22
Wedbush
Maintains
Outperform
$85.00
1 Jul 22
JP Morgan
Maintains
Overweight
$80.00
1 Jul 22
UBS
Maintains
Buy
$90.00
1 Jul 22
B of A Securities
Downgraded
Neutral
$62.00
1 Jul 22
Piper Sandler
Maintains
Underweight
$50.00
1 Jul 22
Barclays
Maintains
Overweight
$75.00
28 Jun 22
BMO Capital
Maintains
Outperform
$85.00
27 Jun 22
Morgan Stanley
Maintains
Equal-Weight
$56.00
21 Jun 22

Calendar

30 Jun 22
12 Aug 22
1 Sep 22

Financial summary

Financial statements Chart MU financial data
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Sep 21 Sep 20 Aug 19 Aug 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Financial data from company earnings reports.

Recent insider trades

MU insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
26 Jul 22 Robert P Beard Common Stock Payment of exercise Dispose F No No 60.15 25 1.5K 11,113
26 Jul 22 Robert P Beard Common Stock Option exercise Acquire M No No 0 81 0 11,138
26 Jul 22 Robert P Beard RSU Common Stock Option exercise Dispose M No No 0 81 0 0
18 Apr 22 Murphy Mark J. Common Stock Grant Acquire A No No 0 18,765 0 90,061
18 Apr 22 Murphy Mark J. Common Stock Grant Acquire A No No 0 71,296 0 71,296
18 Apr 22 Murphy Mark J. RSU Common Stock Grant Acquire A No No 0 7,789 0 37,382
18 Apr 22 Murphy Mark J. RSU Common Stock Grant Acquire A No No 0 4,691 0 22,515
18 Apr 22 Murphy Mark J. RSU Common Stock Grant Acquire A No No 0 4,691 0 22,515
18 Apr 22 Murphy Mark J. RSU Common Stock Grant Acquire A No No 0 29,593 0 29,593
18 Apr 22 Murphy Mark J. RSU Common Stock Grant Acquire A No No 0 17,824 0 17,824
Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Financial report summary

?
Competition
Western Digital • Cypress Semiconductor • Peraso • Seagate Technology • ADESTO TECHNOLOGIES • Kioxia
Management Discussion
  • Total Revenue: Total revenue for the third quarter of 2022 increased 11% as compared to the second quarter of 2022 primarily due to increases in both DRAM and NAND sales.
  • •Sales of DRAM products increased 10% primarily due to an increase in bit shipments of slightly over 10%, partially offset by a slight decline in average selling prices.
  • •Sales of NAND products increased 17% primarily due to a high-teens percent increase in bit shipments, partially offset by a slight decline in average selling prices.

Content analysis

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Good
New words: abatement, accomplish, Bell, blog, brightest, bring, bringing, contingency, desist, Dusseldorf, Eastern, entry, exclusion, expertise, forbidding, greenhouse, institution, ITC, lengthy, partnership, promotional, publicly, quicker, rehearing, sentiment, spite, stakeholder, stewardship, Tariff, unexpected, unfavorable, unforeseen, waste
Removed: Acute, advertising, Allied, architecture, Asia, avian, BIS, breach, building, Bureau, calculated, Clara, cleaning, concealment, conclusion, contracting, covenant, curtailment, dealing, drought, Ebola, enhanced, escalating, experiencing, faith, favor, forcing, fraudulent, good, implied, inducement, influenza, limiting, Manning, misrepresentation, negligence, negligent, plaintiff, protective, Pte, purportedly, putative, recently, Respiratory, resulted, resume, Santa, statute, strict, substituted, swine, Syndrome, threatened, violation, Wage, withdrew
From filing 10-Q 2022 Q3
Financial reports
View all
10-Q
2022 Q3
Quarterly report
30 Jun 22
10-Q
2022 Q2
Quarterly report
30 Mar 22
10-Q
2022 Q1
Quarterly report
6 Jan 22
10-K
2021 FY
Annual report
8 Oct 21
10-Q
2021 Q3
Quarterly report
1 Jul 21
10-Q
2021 Q2
Quarterly report
1 Apr 21
10-Q
2021 Q1
Quarterly report
8 Jan 21
10-K
2020 FY
Annual report
19 Oct 20
10-Q
2020 Q3
Quarterly report
30 Jun 20
10-Q
2020 Q2
Quarterly report
26 Mar 20
Current reports
View all
8-K
Regulation FD Disclosure
9 Aug 22
8-K
Micron Technology, Inc. Reports Results for the Third Quarter of Fiscal 2022
30 Jun 22
8-K
Other Events
12 May 22
8-K
Departure of Directors or Certain Officers
8 Apr 22
8-K
Micron Technology, Inc. Reports Results for the Second Quarter of Fiscal 2022
29 Mar 22
8-K
Submission of Matters to a Vote of Security Holders
18 Jan 22
8-K
Micron Announces CFO Transition
10 Jan 22
8-K
Micron Technology, Inc. Reports Results for the First Quarter of Fiscal 2022
20 Dec 21
8-K
Entry into a Material Definitive Agreement
1 Nov 21
8-K
Entry into a Material Definitive Agreement
19 Oct 21
Registration and prospectus
View all
424B5
Prospectus supplement for primary offering
19 Oct 21
FWP
Free writing prospectus
18 Oct 21
424B2
Prospectus for primary offering
18 Oct 21
S-8
Registration of securities for employees
5 May 21
S-3ASR
Automatic shelf registration
4 Nov 20
424B5
Prospectus supplement for primary offering
22 Apr 20
FWP
Free writing prospectus
21 Apr 20
424B2
Prospectus for primary offering
21 Apr 20
S-8
Registration of securities for employees
28 Oct 19
15-12G
Securities registration termination
15 Aug 19
Proxies
View all
DEFA14A
Additional proxy soliciting materials
2 Dec 21
DEF 14A
Definitive proxy
2 Dec 21
DEFA14A
Additional proxy soliciting materials
1 Dec 20
DEF 14A
Definitive proxy
1 Dec 20
DEFA14A
Additional proxy soliciting materials
9 Dec 19
DEF 14A
Definitive proxy
9 Dec 19
DEFA14A
Additional proxy soliciting materials
6 Dec 18
DEF 14A
Definitive proxy
6 Dec 18
DEFA14A
Additional proxy soliciting materials
10 Dec 17
DEF 14A
Definitive proxy
6 Dec 17
Other
View all
SD
Conflict minerals disclosure
25 May 22
SD
Conflict minerals disclosure
27 May 21
SD
Conflict minerals disclosure
28 May 20
SD
Conflict minerals disclosure
31 May 19
UPLOAD
Letter from SEC
10 Jul 18
CORRESP
Correspondence with SEC
2 Jul 18
UPLOAD
Letter from SEC
21 Jun 18
SD
Conflict minerals disclosure
31 May 18
SD
Conflict minerals disclosure
25 May 17
CT ORDER
Confidential treatment order
9 Apr 17
Ownership
View all
4
MICRON TECHNOLOGY / Robert P Beard ownership change
26 Jul 22
4
MICRON TECHNOLOGY / Mark J. Murphy ownership change
20 Apr 22
3
MICRON TECHNOLOGY / Mark J. Murphy ownership change
20 Apr 22
4
MICRON TECHNOLOGY / APRIL S ARNZEN ownership change
28 Mar 22
4
MICRON TECHNOLOGY / Robert P Beard ownership change
15 Mar 22
SC 13G/A
MICRON TECHNOLOGY / BlackRock ownership change
11 Mar 22
4
MICRON TECHNOLOGY / Robert P Beard ownership change
17 Feb 22
SC 13G/A
MICRON TECHNOLOGY / VANGUARD ownership change
10 Feb 22
SC 13G
MICRON TECHNOLOGY / BlackRock ownership change
8 Feb 22
4
MICRON TECHNOLOGY / SCOTT R. ALLEN ownership change
21 Jan 22

Patents

View all
Utility
Solid State Lights with Cooling Structures
11 Aug 22
A solid state lighting (SSL) with a solid state emitter (SSE) having thermally conductive projections extending into an air channel, and methods of making and using such SSLs.
Utility
Apparatuses, Systems, and Methods for Ferroelectric Memory Cell Operations
11 Aug 22
Apparatuses, systems, and methods for ferroelectric memory (FeRAM) cell operation.
Utility
Descrambling of Scrambled Linear Codewords Using Non-linear Scramblers
11 Aug 22
A memory device configured to descramble scrambled composite data.
Utility
Pitch Reduction Technology Using Alternating Spacer Depositions During the Formation of a Semiconductor Device and Systems Including Same
11 Aug 22
A method for patterning a layer increases the density of features formed over an initial patterning layer using a series of self-aligned spacers.
Utility
Volatile Register to Detect Power Loss
11 Aug 22
Methods, systems, and devices for volatile register to detect power loss are described.

Transcripts

View all
2022 Q3
Earnings call transcript
30 Jun 22
2022 Q2
Earnings call transcript
29 Mar 22
2022 Q1
Earnings call transcript
21 Dec 21
2021 Q4
Earnings call transcript
29 Sep 21
2021 Q3
Earnings call transcript
1 Jul 21
2021 Q2
Earnings call transcript
1 Apr 21
2021 Q1
Earnings call transcript
7 Jan 21
2020 Q4
Earnings call transcript
29 Sep 20
2020 Q3
Earnings call transcript
29 Jun 20
2020 Q2
Earnings call transcript
25 Mar 20

Reddit threads

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