Form 8-K · Current Report · Filed 2024-08-07
Micron Technology Resumes Stock Repurchase Program
Micron Technology, Inc. announced on August 7, 2024, the resumption of its stock repurchase program, which was temporarily suspended in December 2022 due to industry downturn. The decision to resume the program was made in light of improved conditions and aims to offset dilution from employee stock purchase programs, while also strengthening the company's balance sheet.
- Filer
- Micron Technology Inc. MU · NASDAQ
- Filed
- Accession
- 0001104659-24-086571
- CIK
- 0000723125
- Signal
- Low impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Regulation FD Disclosure
Market reaction
Close before filing
$89.00
Next session
+3.4%
Since filing
+824.8%
Latest close
$823.03
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from MU reporting the same item, with the next session's move:
About Micron Technology Inc.
Micron Technology Inc. is a leader in the production and innovation of memory and storage solutions. The company's core offerings include dynamic random-access memory (DRAM), NAND flash memory, and NOR flash memory, which are crucial for a wide range of computing devices. These products serve various sectors, including personal computing, mobile communications, automotive, and data centers, enabling advanced functionalities and improved performance. Micron’s innovations play a critical role in data processing and storage, facilitating advancements in artificial intelligence, machine learning, and edge computing. As a major player in the semiconductor industry, Micron Technology Inc. significantly influences the technology supply chain, contributing to the development of modern electronic devices and systems. With a focus on cutting-edge technology and efficient manufacturing, Micron is pivotal in driving forward the capabilities of memory solutions globally.
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