Micron Technology, Inc. (MU) experienced a significant price drop of $29.93, representing a -5.71% decrease from the previous close. Trading volume surged to $26.15 million, 62.76% higher than average, indicating heightened market activity.
MU's latest quarterly earnings report, released on Tuesday, March 17th, revealed an earnings per share of $12.2, surpassing the consensus estimate of $9.19.
The forward dividend yield for MU stands at 0.121%. The company distributed dividends of 15 cents per share MRQ, showing a decline of 25 cents compared to the previous year.
Micron Technology generated a free cash flow of $5.52 billion, with a net change in cash of $4.20 billion. Operating cash flow reached $11.90 billion, indicating a healthy cash position.
MU reported a robust revenue of $23.86 billion, with a gross profit of $17.75 billion. The company's net income stood at $13.79 billion, translating to an earnings per share of $12.25.
Key financial ratios for MU include a net profit margin of 57.79%, return on assets of 13.58%, and a price-to-earnings ratio of 8.48, reflecting the company's profitability and valuation metrics.
With total assets amounting to $101.51 billion and total liabilities at $29 billion, Micron Technology exhibits a strong financial position. The company holds $12.54 billion in cash and cash equivalents, ensuring liquidity.
This comprehensive overview provides insights into Micron Technology's recent performance and financial health amid market turbulence.
Micron Technology, Inc. designs, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded Business Unit. It provides memory and storage technologies comprises DRAM products, which are dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; NAND products that are non-volatile and re-writeable semiconductor storage devices; and NOR memory products, which are non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels. The company offers memory products for the cloud server, enterprise, client, graphics, and networking markets, as well as for smartphone and other mobile-device markets; SSDs and component-level solutions for the enterprise and cloud, client, and consumer storage markets; other discrete storage products in component and wafers; and memory and storage products for the automotive, industrial, and consumer markets. It markets its products through its direct sales force, independent sales representatives, distributors, and retailers; and web-based customer direct sales channel, as well as through channel and distribution partners. Micron Technology, Inc. was founded in 1978 and is headquartered in Boise, Idaho.