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Last $28.04 USD
Change Today -0.63 / -2.20%
Volume 19.3M
MU On Other Exchanges
Symbol
Exchange
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As of 8:10 PM 05/5/15 All times are local (Market data is delayed by at least 15 minutes).

micron technology inc (MU) Snapshot

Open
$28.27
Previous Close
$28.67
Day High
$28.36
Day Low
$27.83
52 Week High
12/8/14 - $36.59
52 Week Low
05/15/14 - $25.25
Market Cap
30.3B
Average Volume 10 Days
17.8M
EPS TTM
$3.37
Shares Outstanding
1.1B
EX-Date
06/1/96
P/E TM
8.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for MICRON TECHNOLOGY INC (MU)

micron technology inc (MU) Details

Micron Technology, Inc., together with its subsidiaries, provides semiconductor solutions worldwide. The company manufactures and markets dynamic random access memory (DRAM), NAND flash, and NOR flash memory products; and packaging solutions and semiconductor systems. It operates in four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded Business Unit. The company offers DRAM products for data storage and retrieval, including DDR4, DDR3, and DDR2 that offer high speed and high bandwidth; reduced latency DRAM products that offer lower power consumption relative to other DRAM products; and other DRAM products to specialty markets, such as DDR2 DRAM, DDR DRAM, GDDR5 DRAM, SDRAM, reduced latency DRAM, and pseudo-static DRAM products that are used in networking devices, servers, consumer electronics, communications equipment, computer peripherals, and automotive and industrial applications, as well as computer memory upgrades. It also provides NAND flash memory products, such as flash memory cards comprising CompactFlash, Memory Stick, and Secure Digital; and JumpDrive products that are used in mobile phones, solid-state drives, tablets, computers, industrial and automotive applications, and other personal and consumer applications. In addition, the company resells flash memory products that are purchased from other NAND flash suppliers. Further, it provides NOR flash memory products that are electrically re-writeable, non-volatile semiconductor memory devices used in consumer electronics, industrial, wired and wireless communications, computing, and automotive applications. The company markets its products to original equipment manufacturers and retailers through its internal sales force, independent sales representatives, and distributors; and through a Web-based customer direct sales channel, and channel and distribution partners. Micron Technology, Inc. was founded in 1978 and is headquartered in Boise, Idaho.

30,400 Employees
Last Reported Date: 10/27/14
Founded in 1978

micron technology inc (MU) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $1.0M
President and Interim Chief Financial Officer
Total Annual Compensation: $726.3K
Vice President of Memory Technology and Solut...
Total Annual Compensation: $581.7K
Vice President of Business Process Management
Total Annual Compensation: $417.1K
Vice President of Mobile Business Unit
Total Annual Compensation: $384.8K
Compensation as of Fiscal Year 2014.

micron technology inc (MU) Key Developments

Micron Technology, Inc. Announces Pricing of an Offering of $550 Million Aggregate Principal Amount of its 5.250% Senior Notes Due on 2024 and $450 Million Aggregate Principal Amount of its 5.625% Senior Notes Due on 2026

Micron Technology, Inc. announced the pricing of an offering of $550 million aggregate principal amount of its 5.250% senior notes due 2024 and $450 million aggregate principal amount of its 5.625% senior notes due 2026 (the ‘2026 Notes,’ and together with the 2024 Notes, the ‘Notes’). The Notes are being offered to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the ‘Securities Act’), and outside the United States to non-U.S. persons pursuant to Regulation S under the Securities Act. The sale of the Notes is expected to close on April 30, 2015, subject to the satisfaction of customary closing conditions. Interest on the 2024 Notes will accrue at a rate of 5.250% per year and interest on the 2026 Notes will accrue at a rate of 5.625% per year. Interest on the Notes will be payable in cash semi-annually in arrears, beginning on July 15, 2015. The 2024 Notes will mature on January 15, 2024 and the 2026 Notes will mature on January 15, 2026, unless earlier repurchased or redeemed. Holders may require Micron to repurchase their Notes upon the occurrence of certain change of control events at a repurchase price equal to 101% of the principal amount thereof plus accrued and unpaid interest, if any. Prior to May 1, 2018, in the case of the 2024 Notes, and prior to May 1, 2020, in the case of the 2026 Notes, Micron may redeem the Notes, in whole or in part, at a price equal to 100% of the principal amount thereof plus a "make-whole" premium and accrued and unpaid interest, if any. On or after May 1, 2018, in the case of the 2024 Notes, and on or after May 1, 2020, in the case of the 2026 Notes, Micron may redeem the Notes, in whole or in part, at specified prices that decline over time, plus accrued and unpaid interest, if any.  In addition, Micron may use the net cash proceeds of one or more equity offerings to redeem up to 35% of the aggregate principal amount of each series of Notes prior to May 1, 2018 at a price equal to 105.250% and 105.625%, respectively, of the principal amount thereof plus accrued and unpaid interest, if any. The company intends to use the net proceeds to repay, repurchase or make other payments with respect to the extinguishment of its debt, including its convertible notes, and for general corporate purposes. This announcement is neither an offer to sell nor a solicitation to buy any of the foregoing securities, nor shall there be any sale of the securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The Notes will not be registered under the Securities Act, or any state securities laws, and may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act and applicable state securities laws.

Micron Technology, Inc. Announces Proposed $1 Billion Offering of Senior Notes

Micron Technology, Inc. announced that it intends to offer, subject to market and other considerations, $500 million aggregate principal amount of senior notes due 2024 and $500 million aggregate principal amount of senior notes due 2026 through an offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, and outside the United States to non-U.S. persons pursuant to Regulation S under the Securities Act. The interest rate, redemption provisions and other terms of the Notes will be determined by negotiations between Micron and the initial purchasers. Micron intends to use the net proceeds from the offering to repay, repurchase or make other payments with respect to the extinguishment of its debt, including its convertible notes, and for general corporate purposes.

Micron Technology, Inc. Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended March 5, 2015; Provides Revenue Guidance for the Third Quarter of Fiscal 2015; Provides Capital Expenditures for the Fiscal Year of 2015

Micron Technology, Inc. announced consolidated earnings results for the second quarter and six months ended March 5, 2015. For the quarter, the company reported net sales of $4,166 million against $4,107 million a year ago. Operating income was $855 million against $869 million a year ago. Net income attributable to the company was $934 million or $0.78 per diluted share against $731 million or $0.61 per diluted share a year ago. Non-GAAP net income attributable to the company was $941 million or $0.81 per diluted share. Revenues for the second quarter of fiscal 2015 were 9% lower compared to the first quarter of fiscal 2015 primarily due to declines in DRAM unit volumes as a result of one less week in the second quarter of fiscal 2015, and to decreases in average selling prices for both NAND and DRAM. For the six months, the company reported net sales of $8,739 million against $8,149 million a year ago. Operating income was $1,940 million against $1,420 million a year ago. Net income attributable to the company was $1,937 million or $1.62 per diluted share against $1,089 million or $0.91 per diluted share a year ago. Net cash provided by operating activities was $2,843 million against $2,897 million a year ago. Expenditures for property, plant and equipment was $1,522 million against $1,234 million a year ago. For the third quarter, the company expected revenue guidance is between $3.8 billion to $4.05 billion. The midpoint of the range is about 6% lower than revenue in second quarter. The company continues to expect expenditures for the fiscal year to be between $3.6 billion and $4 billion with a stepped-up level of spending in the latter half of the fiscal year as execute on 20-nanometer DRAM and commence 3D NAND investments.

 

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Industry Analysis

MU

Industry Average

Valuation MU Industry Range
Price/Earnings 8.8x
Price/Sales 1.8x
Price/Book 2.5x
Price/Cash Flow 8.0x
TEV/Sales 1.1x
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