Micron Technology (MU) Stock Forecast, Price & News

28 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Micron Technology in the last year. There are currently 1 sell rating, 5 hold ratings and 22 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MU shares.
View MU analyst ratings or view top-rated stocks.

28 analysts have issued 12-month price targets for Micron Technology's shares. Their MU share price forecasts range from $58.50 to $100.00. On average, they expect the company's stock price to reach $77.43 in the next twelve months. This suggests a possible upside of 18.5% from the stock's current price.
View analysts price targets for MU or view top-rated stocks among Wall Street analysts.

Micron Technology's stock was trading at $49.98 at the beginning of the year. Since then, MU shares have increased by 30.7% and is now trading at $65.34.
View the best growth stocks for 2023 here.

Micron Technology saw a increase in short interest in September. As of September 15th, there was short interest totaling 24,970,000 shares, an increase of 30.9% from the August 31st total of 19,080,000 shares. Based on an average trading volume of 14,110,000 shares, the days-to-cover ratio is presently 1.8 days. Approximately 2.3% of the shares of the stock are short sold.
View Micron Technology's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 20th 2023.
View our MU earnings forecast.

Micron Technology, Inc. (NASDAQ:MU) released its quarterly earnings results on Wednesday, September, 27th. The semiconductor manufacturer reported ($1.07) earnings per share for the quarter, topping analysts' consensus estimates of ($1.15) by $0.08. The semiconductor manufacturer had revenue of $4.01 billion for the quarter, compared to analysts' expectations of $3.95 billion. Micron Technology had a negative trailing twelve-month return on equity of 5.40% and a negative net margin of 16.02%. The business's quarterly revenue was down 39.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.36 earnings per share.
Read the conference call transcript.

Micron Technology declared a quarterly dividend on Wednesday, September 27th. Investors of record on Tuesday, October 10th will be given a dividend of $0.115 per share on Wednesday, October 25th. This represents a $0.46 annualized dividend and a dividend yield of 0.70%.
Read our dividend analysis for MU.

ETFs with the largest weight of Micron Technology (NASDAQ:MU) stock in their portfolio include First Trust Nasdaq Semiconductor ETF (FTXL), Engine No. 1 Transform Supply Chain ETF (SUPP), Qraft AI-Enhanced Next Value ETF (NVQ), Invesco Semiconductors ETF (PSI), Strive U.S. Semiconductor ETF (SHOC), iShares Semiconductor ETF (SOXX), Invesco PHLX Semiconductor ETF (SOXQ) and VanEck Semiconductor ETF (SMH).

Micron Technology (NASDAQ:MU) pays an annual dividend of $0.46 per share and currently has a dividend yield of 0.68%.
Read our dividend analysis for MU.

Micron Technology updated its first quarter 2024 earnings guidance on Wednesday, September, 27th. The company provided EPS guidance of -$1.14--$1.00 for the period, compared to the consensus earnings per share estimate of -$0.90. The company issued revenue guidance of $4.20 billion-$4.60 billion, compared to the consensus revenue estimate of $3.97 billion.

669 employees have rated Micron Technology Chief Executive Officer Sanjay Mehrotra on Glassdoor.com. Sanjay Mehrotra has an approval rating of 79% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Micron Technology investors own include NVIDIA (NVDA), Alibaba Group (BABA), General Electric (GE), Advanced Micro Devices (AMD), CA (CA), Intel (INTC), Endologix (ELGX), Tesla (TSLA) and Bank of America (BAC).

Micron Technology trades on the NASDAQ under the ticker symbol "MU."

Micron Technology's stock is owned by a variety of retail and institutional investors. Top institutional investors include Capital Research Global Investors (4.76%), State Street Corp (4.22%), Capital World Investors (1.95%), Geode Capital Management LLC (1.90%), Capital International Investors (1.41%) and Bank of New York Mellon Corp (1.14%). Insiders that own company stock include April S Arnzen, April S Arnzen, David Zinsner, Joel L Poppen, Joel L Poppen, Manish H Bhatia, Michael W Bokan, Richard M Beyer, Robert P Beard, Sanjay Mehrotra, Scott J Deboer, Scott R Allen and Sumit Sadana.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of MU stock can currently be purchased for approximately $65.34.

Micron Technology (NASDAQ:MU) has a market capitalization of $71.57 billion and generates $30.76 billion in revenue each year. The semiconductor manufacturer earns $8.69 billion in net income (profit) each year or ($2.68) on an earnings per share basis.

The company employs 48,000 workers across the globe.

Micron Technology's mailing address is 8000 S FEDERAL WAY, BOISE ID, 83716. The official website for the company is www.micron.com. The semiconductor manufacturer can be reached via phone at (208) 368-4000, via email at investorrelations@micron.com, or via fax at 208-368-4435.