MICRON TECHNOLOGY, INC.

(MU)
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Delayed Nasdaq  -  04:00 2022-06-28 pm EDT
57.86 USD   -1.57%
12:41pMicron Technology Fiscal Q3 Results Unlikely to Deviate From Consensus Despite Deteriorating Market, Wedbush Says
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10:44aJPMorgan Adjusts Micron Technology's Price Target to $96 from $120, Keeps Overweight Rating
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10:16aUBS Adjusts Micron Technology Price Target to $100 From $115, Maintains Buy Rating
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MICRON TECHNOLOGY INC : Other Events (form 8-K)

05/12/2022 | 02:11pm EDT

Item 8.01. Other Events.

On May 12, 2022, at its Investor Day presentation, Micron Technology, Inc. (the "Company") announced its intention to increase its quarterly dividend from $0.10 per share of outstanding Company common stock to $0.115 per share of outstanding Company common stock.

The declaration and payment of any dividend is subject to the approval of the Company's Board of Directors, and the Company's dividend may be discontinued or reduced at any time. Future dividends, if any, and their timing and amount, may be affected by, among other factors: the Company's financial condition, results of operations, capital requirements, business conditions, debt service obligations, contractual restrictions, industry practice, legal requirements, regulatory constraints, and other factors that the Company's Board of Directors may deem relevant.

Forward-Looking Statements

This Current Report on Form 8-K contains forward-looking statements regarding the Company's payment of dividends. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially. Please refer to the documents the Company files with the Securities and Exchange Commission, specifically the Company's most recent Form 10-K and Form 10-Q. These documents contain and identify important factors that could cause the Company's actual results to differ materially from those contained in these forward-looking statements. These certain factors can be found at micron.com/certainfactors. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, the Company cannot guarantee future results, levels of activity, performance, or achievements. The Company is under no duty to update any of the forward-looking statements after the date of this Current Report to conform these statements to actual results.

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All news about MICRON TECHNOLOGY, INC.
12:41pMicron Technology Fiscal Q3 Results Unlikely to Deviate From Consensus Despite Deterior..
MT
10:44aJPMorgan Adjusts Micron Technology's Price Target to $96 from $120, Keeps Overweight Ra..
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10:16aUBS Adjusts Micron Technology Price Target to $100 From $115, Maintains Buy Rating
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09:01aMicron Delivers Industry's First 176-Layer NAND SATA SSD for Data Centers
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07:27aBarclays Adjusts Micron Technology's Price Target to $75 From $105, Keeps Overweight Ra..
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06/27Susquehanna Adjusts Micron Technology Price Target to $82 From $115, Maintains Positive..
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06/27BMO Capital Adjusts Micron Technology's Price Target to $85 From $115, Maintains Outper..
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06/21Goldman Sachs Lowers Price Target for Micron Technology to $86 From $100, Maintains Buy..
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06/21Morgan Stanley Trims Micron Technology's Price Target to $56 From $83, Maintains Equalw..
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Analyst Recommendations on MICRON TECHNOLOGY, INC.
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Financials (USD)
Sales 2022 33 347 M - -
Net income 2022 10 257 M - -
Net cash 2022 6 013 M - -
P/E ratio 2022 6,45x
Yield 2022 0,72%
Capitalization 64 610 M 64 610 M -
EV / Sales 2022 1,76x
EV / Sales 2023 1,38x
Nbr of Employees 44 000
Free-Float 91,2%
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Mean consensus BUY
Number of Analysts 35
Last Close Price 57,86 $
Average target price 97,45 $
Spread / Average Target 68,4%
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Managers and Directors
Sanjay Mehrotra President, Chief Executive Officer & Director
Mark Joseph Murphy Chief Financial Officer & Executive Vice President
Robert E. Switz Director
Scott J. DeBoer Executive Vice President-Technology Development
Manish Bhatia Executive Vice President-Global Operations
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