Free Trial

Micron Technology (MU) Stock Price, News & Analysis

Micron Technology logo
$99.65
-4.43 (-4.26%)
(As of 10/31/2024 ET)

About Micron Technology Stock (NASDAQ:MU)

Key Stats

Today's Range
$99.07
$102.49
50-Day Range
$86.27
$112.05
52-Week Range
$65.26
$157.54
Volume
19.80 million shs
Average Volume
21.95 million shs
Market Capitalization
$110.50 billion
P/E Ratio
146.55
Dividend Yield
0.46%
Price Target
$143.04
Consensus Rating
Moderate Buy

Company Overview

Micron Technology, Inc. was founded in 1978 by four friends in the basement of a dentist's office. The company was focused on making DRAM memory chips and began work on its first fabrication plant in 1981. Micron Technology came out with its first product a few years later and made history with the world's smallest DRAM microchip. By 1994 the company had earned a spot on the Fortune 500 and soon grew to be a leader in the microchip industry. Micron Technology went public in 1984 as well and is headquartered in Boise, Idaho.

Among Micron’s many achievements are the first 1-gigabyte DRAM product in 1987 and the shipping of the first 2-gigabyte NAND product in 2004. Among the latest innovations is the DDR5. The DDR5 is the next generation of DRAM chip for the server market and it can provide an 85% increase in the memory performance.

Today, Micron Technologies designs, manufactures, and sells memory and storage-focused microchip products worldwide. Its chips provide not only the power to store information but the foundation for new technologies like AI and 5G. Micron is the 4th largest semiconductor manufacturer in the world with revenue topping $27 billion in 2022. The company is ranked 127th on the Fortune 500 list and counts more than 50,000 patents and growing in the field of semiconductor manufacturing and storage solutions. The company operates in 17 countries with 11 manufacturing sites and employs more than 45,000 people.

The company operates through four segments that include Compute and Networking, Mobile, Storage, and Embedded. These solutions are marketed under the Micron and Crucial brands, as well as through private labels. In regard to the memory chip market, Micron Technologies is the only company offering all three types of memory storage products giving it the broadest portfolio and most experience and seamless interfaces.

The company manufactures memory and storage technologies including DRAM, NAND, and NOR microchips. The DRAM products are dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval. The NAND products are non-volatile and re-writeable semiconductor storage devices The NOR memory products are non-volatile re-writeable semiconductor memory devices that provide fast read speeds.

Micron Technologies memory products are in demand by industries ranging from the cloud server to enterprise, client, graphics, and networking markets, as well as for smartphone and other mobile-device markets including EVs and self-driving cars.

Among the more visible of Micron Technologies products are its line of SSDs and component-level solutions for the enterprise and cloud, client, and consumer storage markets. Often seen in movies and TV, these small-sized memory storage and transport devices can be as small as a key fob.

Micron Technology Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
98th Percentile Overall Score

MU MarketRank™: 

Micron Technology scored higher than 98% of companies evaluated by MarketBeat, and ranked 32nd out of 670 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Micron Technology has received a consensus rating of Moderate Buy. The company's average rating score is 2.89, and is based on 26 buy ratings, 1 hold rating, and 1 sell rating.

  • Amount of Analyst Coverage

    Micron Technology has been the subject of 17 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Micron Technology's stock forecast and price target.
  • Earnings Growth

    Earnings for Micron Technology are expected to grow by 51.38% in the coming year, from $8.31 to $12.58 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Micron Technology is 146.55, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 135.26.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Micron Technology is 146.55, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 271.14.

  • Price to Book Value per Share Ratio

    Micron Technology has a P/B Ratio of 2.45. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Micron Technology's valuation and earnings.
  • Percentage of Shares Shorted

    3.20% of the float of Micron Technology has been sold short.
  • Short Interest Ratio / Days to Cover

    Micron Technology has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Micron Technology has recently increased by 3.01%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    Micron Technology has a dividend yield of 0.43%, which is in the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Micron Technology does not have a long track record of dividend growth.

  • Dividend Sustainability

    Based on earnings estimates, Micron Technology will have a dividend payout ratio of 3.66% next year. This indicates that Micron Technology will be able to sustain or increase its dividend.

  • Read more about Micron Technology's dividend.
  • Percentage of Shares Shorted

    3.20% of the float of Micron Technology has been sold short.
  • Short Interest Ratio / Days to Cover

    Micron Technology has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Micron Technology has recently increased by 3.01%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Micron Technology has a news sentiment score of 0.72. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.55 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 31 news articles for Micron Technology this week, compared to 29 articles on an average week.
  • Search Interest

    Only 328 people have searched for MU on MarketBeat in the last 30 days. This is a decrease of -24% compared to the previous 30 days.
  • MarketBeat Follows

    112 people have added Micron Technology to their MarketBeat watchlist in the last 30 days. This is an increase of 3% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Micron Technology insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $552,570.00 in company stock.

  • Percentage Held by Insiders

    Only 0.32% of the stock of Micron Technology is held by insiders.

  • Percentage Held by Institutions

    80.84% of the stock of Micron Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Micron Technology's insider trading history.
Receive MU Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Micron Technology and its competitors with MarketBeat's FREE daily newsletter.

MU Stock News Headlines

Sen
New York semiconductor site picked for $825 million in funding
U.S. Sen. Chuck Schumer says a semiconductor research facility in upstate New York will be getting $825 million in funding as one of three national technology centers
DDR memory close up macro shot. — Photo
Rambus Stock Poised for Growth – Will the AI Boom Deliver? (MU)
Rambus Inc. (NASDAQ: RMBS) is a chip designer and producer that licenses its technology and architecture to semiconductor companies.
625,000% Gain
Imagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetched, but results like this are within reach with the right knowledge and timing in the altcoin market. Plus, you’ll get $10 in real Bitcoin when you stay to the end of the call and take a short quiz.
Micron logo is displayed on smartphone.
Why Micron Could Rally All The Way Through Q4 (MU)
Micron has recently started a 30% rally, and there are reasons to think we could be in for even more gains as we head into the final few months of the year.
Germany - April 2, 2024: In this photo illustration,  Micron Technology, Inc.  logo seen displayed on a tablet
These 3 Stocks Are Screaming Oversold: Seize the Opportunity (MU)
Micron, Biogen, and Regeneron are three stocks that appear oversold and could present substantial buying opportunities for investors seeking recovery plays.
China Renaissance Begins Coverage on Micron Technology (NASDAQ:MU)
Micron Chair Robert Switz to retire, CEO Sanjay Mehrotra to succeed
See More Headlines

MU Stock Analysis - Frequently Asked Questions

Micron Technology's stock was trading at $85.34 at the start of the year. Since then, MU shares have increased by 16.8% and is now trading at $99.65.
View the best growth stocks for 2024 here
.

Micron Technology, Inc. (NASDAQ:MU) posted its quarterly earnings results on Wednesday, September, 25th. The semiconductor manufacturer reported $1.18 EPS for the quarter, topping analysts' consensus estimates of $0.97 by $0.21. The business's revenue for the quarter was up 93.3% compared to the same quarter last year.
Read the conference call transcript
.

Micron Technology subsidiaries include these companies: Fwdnxt, IM Flash, Inotera, TiDAL Systems, Convey Computer, Pico Computing, Rexchip Electronics, and more.

Top institutional investors of Micron Technology include Van ECK Associates Corp (0.95%), Swedbank AB (0.31%), IMC Chicago LLC and National Pension Service (0.23%). Insiders that own company stock include Sanjay Mehrotra, Manish H Bhatia, Sumit Sadana, Scott J Deboer, Michael W Bokan, April S Arnzen, Richard M Beyer, Scott R Allen and Robert P Beard.
View institutional ownership trends
.

Shares of MU stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Micron Technology investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Alibaba Group (BABA), Tesla (TSLA), General Electric (GE) and Intel (INTC).

Company Calendar

Last Earnings
9/25/2024
Ex-Dividend for 10/23 Dividend
10/07/2024
Dividend Payable
10/23/2024
Today
10/31/2024
Next Earnings (Estimated)
12/18/2024
Fiscal Year End
8/31/2025

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Semiconductors
CUSIP
59511210
Employees
43,000
Year Founded
1978

Price Target and Rating

Average Stock Price Target
$143.04
High Stock Price Target
$250.00
Low Stock Price Target
$67.00
Potential Upside/Downside
+37.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.89
Research Coverage
28 Analysts

Profitability

Net Income
$778 million
Pretax Margin
4.94%

Debt

Sales & Book Value

Annual Sales
$25.11 billion
Cash Flow
$7.78 per share
Book Value
$40.71 per share

Miscellaneous

Outstanding Shares
1,108,841,000
Free Float
1,105,195,000
Market Cap
$115.41 billion
Optionable
Optionable
Beta
1.18

Social Links

Elon Musk's Next Move Cover

Wondering when you'll finally be able to invest in SpaceX, StarLink, or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.

Get This Free Report

This page (NASDAQ:MU) was last updated on 10/31/2024 by MarketBeat.com Staff
From Our Partners