Last $31.20 USD
Change Today +0.01 / 0.03%
Volume 9.8M
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As of 11:13 AM 10/22/14 All times are local (Market data is delayed by at least 15 minutes).

micron technology inc (MU) Snapshot

Open
$31.52
Previous Close
$31.19
Day High
$31.55
Day Low
$30.82
52 Week High
07/16/14 - $34.85
52 Week Low
10/28/13 - $16.30
Market Cap
33.4B
Average Volume 10 Days
42.6M
EPS TTM
$2.76
Shares Outstanding
1.1B
EX-Date
06/1/96
P/E TM
11.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for MICRON TECHNOLOGY INC (MU)

micron technology inc (MU) Details

Micron Technology, Inc., together with its subsidiaries, manufactures and markets semiconductor solutions worldwide. It offers dynamic random access memory (DRAM) products for data storage and retrieval, including DDR4, DDR3, and DDR2 that offer high speed and high bandwidth; and other specialty DRAM memory products, such as DDR and DDR2 mobile low power DRAM, DDR, SDRAM, reduced latency DRAM, and pseudo-static DRAM products that are used in computers, servers, tablets, mobile phones, communication equipment, computer peripherals, industrial, automotive, and other electronic devices. The company 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, MP3/4 players, and other personal and consumer applications. In addition, it resells flash memory products that are purchased from other NAND flash suppliers. Further, Micron Technology, Inc. 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, as well as 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.

micron technology inc (MU) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $900.0K
President
Total Annual Compensation: $600.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $490.0K
Vice President of DRAM Solutions
Total Annual Compensation: $484.0K
Vice President of Mobile Business Unit
Total Annual Compensation: $384.8K
Compensation as of Fiscal Year 2013.

micron technology inc (MU) Key Developments

Micron Technology, Inc. Announces the Availability Automata Processor Software Development Kit

Micron Technology, Inc. announced the availability of the evaluation version of the Automata Processor (AP) software development kit (SDK). With the new SDK, developers can design and test advanced applications in areas such as bioinformatics, video/image analytics, and network security, which require high performance, computational efficiency and highly parallel processing capabilities. Micron announced the AP, a dramatically new parallel processing architecture, to the industry at the 2013 Supercomputing Conference. The AP is a unique and scalable computing fabric that allows users to harness the power of tens of thousands to millions of processing elements. The AP SDK enables users to connect these elements and create a task-specific processing engine capable of solving big data problems with unprecedented performance.

Micron Technology, Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended August 28, 2014; Provides Capex Guidance for the Fiscal Year 2015 and Earnings Guidance for First Quarter of Fiscal 2015

Micron Technology, Inc. reported consolidated earnings results for the fourth quarter and full year ended August 28, 2014. For the quarter, the company reported net income attributable to the company of $1,150 million or $0.96 per diluted share on net sales of $4,227 million against net income attributable to the company was $1,708 million or $1.51 per diluted share on net sales of $2,843 million a year ago. Operating income was $828 million compared to $207 million a year ago. Non-GAAP net income attributable to the company was $961 million or $0.82 per diluted share. The company generated $1.35 billion in operating cash flow. Expenditures for property, plant and equipment were $1.3 billion. For the full year, the company reported net income attributable to the company of $3,045 million or $2.54 per diluted share on net sales of $16,358 million against net income attributable to the company was $1,190 million or $1.13 per diluted share on net sales of $9,073 million a year ago. Operating income was $3,087 million compared to $236 million a year ago. Net cash provided by operating activities was $5,699 million compared to $1,811 million a year ago. Expenditures for property, plant and equipment were $2,658 million compared to $1,244 million a year ago. Payments on equipment purchase contracts was $479 million against $214 million a year ago. The company announced that for the fiscal 2015 capex is expected to be in the range of $3.6 billion to $4 billion. Roughly 30% of this capex will go towards non-supply-expanding investments including manufacturing efficiency improvements, emerging memories, back-end capability and additional system manufacturing and engineering tooling to support system and subsystem-level products. This compares to about 25% of $3.1 billion capex bill in fiscal 2014 and highlights belief that these investments, which are designed, among other things, to enhance value-added product portfolio, will generate some of the high returns going forward. For first quarter of fiscal 2015, the company expects the following non-GAAP adjustments: between $40 million and $45 million for amortization of debt discounts on the convertible notes and the Elpida installment debt; On a consolidated basis, the company is guiding total revenue for the first quarter in the range of $4.45 billion to $4.7 billion.

Micron Technology, Inc. Announces Next-Generation, Client-Class Solid State Drive

Micron Technology, Inc. announced a next-generation, client-class solid state drive (SSD) that sets a new bar for low-power, high-performance storage for personal computers. The M600 SATA SSD--specifically designed to take advantage of Micron's NAND Flash technology--addresses the storage demands of modern mobile computing applications, including Ultrabook(TM) platforms and tablets, as well as performance-oriented PC desktops and video capture systems. To help meet consumers' ever-increasing expectations for longer battery life, the M600 offers SSD power efficiency. It draws less than 2 milliwatts (mW) in sleep mode and averages 150mW during active use. Typical laptop hard drives require exponentially more power when idle (130mW) and ten times as much power while they spin their platters to access data during active use (1400mW to 2000mW). Despite its extraordinarily low power use, the M600 offers strong performance. It can read data as fast as the SATA interface allows--with random reads up to 100,000 input/output operations per second (IOPS) and 560 MB/s sequential read speeds for all capacities. The M600 also excels in write performance due to Micron's innovative dynamic write acceleration. This technology switches NAND cells to behave more like higher-grade Flash (from MLC to SLC) on-the-fly, creating a cache that is sized according to drive demands--instead of sacrificing user capacity for a permanent cache. The end result reduces power use and improves write performance as much as 2.8 times over non-cached systems, ensuring that even the lower-capacity M600 SSDs deliver excellent write speeds. This unique write architecture also helps the M600 achieve greater longevity. For example, the 1TB M600 is warranted to reach up to 400TB total bytes written (TBW), which is five times more than typical client drives. That's enough endurance to write 220GB a day, every day, for five years--dramatically more than a normal client workload and enough to make even the most cautious user stop worrying about SSD wear-out. The M600 is also equipped with powerful self-encryption technology designed to meet strict government standards--ensuring valuable mobile data is secure even in the event of theft or loss. The M600's AES-256-bit hardware encryption engine actively encrypts data without performance degradation and complies with the TCG(TM) Opal 2.0 standards and the Microsoft(R) eDrive protocol, making it easy to enable using management tools or within Windows 8. The M600 uses Micron's 16nm process technology-- their most advanced Flash technology and winner of TechInsights' Most Innovative Memory Device and Semiconductor of the Year. The drive features a host of quality and reliability features that Micron customers have come to expect, including RAIN onboard fail-over protection, client-class power-loss protection for data at rest, and adaptive thermal monitoring, which dynamically adjusts power consumption based on system temperature--ideal for ultra-small, thermally constrained systems. The M600 SSD uses Micron's 128Gb NAND to enable a wide range of capacities in tiny configurations. The M600 is offered in 128, 256 and 512GB mSATA and M.2 module configurations. The gumstick-sized M.2 module is offered in both 80mm and 60mm versions (2280 and 2260) to provide versatile options for ultra-slim tablet systems. The M600 is also available in a 2.5-inch, 7mm form factor, which is available in capacities from 128GB to 1TB. The M600 SSD is currently in production and is sold directly to OEMs and to system builders and businesses through Micron's extensive distribution network.

 

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MU

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Valuation MU Industry Range
Price/Earnings 11.7x
Price/Sales 1.9x
Price/Book 2.9x
Price/Cash Flow 10.4x
TEV/Sales 1.2x
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