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Micron Technology, Inc. Company profile

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Micron Technology, Inc. (MU) is an American company engaged in the designing, manufacturing and marketing of computer memory and computer data storage. Its extensive product portfolio includes a number of renowned technologies, such as dynamic random access memory chips (DRAMs), static random access memory chips (SRAMs), flash memory and USB flash drives, these are the basis for multi-chip packages, modules, solid-state drives and other system solutions. Headquartered in Boise, Idaho, the company sells its products under the Micron, Crucial and Ballistix brands, as well as private labels, to customers worldwide.

Micron Technology shares are listed on the Nasdaq Stock Market under the ticker symbol MU. The company is a constituent of the US Tech 100 Index and the S&P 500 Index.

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In 1978, Micron was founded by Joe and Ward Parkinson, Doug Pitman and Dennis Wilson as a semiconductor design consulting firm. The initial funding was provided by local businessmen Allen Noble, Ron Yanke, Rudolph Nelson and Tom Nicholson. In 1981, with the completion of its first wafer fabrication unit, the company shifted from consulting to manufacturing.

In 1996, a merger of Micron Computer, Micron Custom Manufacturing Services and ZEOS International boosted the size and scope of the business. Over the following years, the company has pursued an assertive acquisition strategy, buying up dozens of different firms and diversifying its product portfolio.

In 1997, Micron acquired NetFrame Systems in an attempt to enter the mid-range server industry. In 2005, the company created a joint venture with Intel (INTC) known as IM Flash Technologies, based in Lehi, Utah. The two firms formed another joint venture, IM Flash Singapore, in 2011. However, Intel's stake in both ventures was then fully acquired by Micron.

Some other notable purchases made by the company were Displaytech in 2009, Numonyx in 2010, Elpida Memory Inc. and Rexchip Electronics Corporation in 2013, Inotera, Tidal Systems and Pico Computing in 2015 and FWDNXT Inc. in 2019.

With Capital.com’s Micron stock chart you can not only quickly view the current MU share price, but also trace the company’s shares value in historic terms.

Micron Technology stock shares were listed on the New York Stock Exchange (NYSE) in November 1990, where it began trading under the MU ticker symbol. At the end of 2009, the firm voluntarily transferred its stock exchange listing from the NYSE to the Nasdaq Stock Market, keeping its MU symbol. 

Over the years, the stock has split three times: once at 2.5-for-1 in April 1994, and twice at 2-for-1 in May 1995 and May 2000. The following price data is split-adjusted.

The stock’s first significant price hike happened between 1993 – 1995, when the Micron share price went from $1.98 in April 1993 up to $47.19 in September 1995, on a split-adjusted basis. However, the stock then entered a downtrend, falling to trade at $8.62 per share by July 1996.

After a few years of dramatic price swings, MU shares gained another upside momentum, peaking at $95.56 in July 2000. Right after hitting this record high, the stock started plunging at a rapid pace. During the 2008 financial crisis, the MU stock quote dropped to its all-time low of $1.69 in November 2008.

Over the following decade, the stock had witnessed many ups and downs, with its share price eventually blowing past $60 in March 2018. However, the uptrend was short-lived, and the company’s stock dropped significantly once again to end the year at $30 per share.

Ever since, the MU share price has experienced lots of volatility, characterised by multiple price fluctuations. Through 2019, the company’s shares traded in a range of $32 and $59. After starting 2020 at $55 per share and hitting $60 per share in February, the stock dipped down to $34.4 in March as the Covid-19 pandemic caused global economic uncertainty, negatively weighing on the US stock market.

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