Micron Technology (MU) Stock Forecast, Price & News

29 Wall Street 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 23 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" MU shares.
View MU analyst ratings or view top-rated stocks.

29 analysts have issued twelve-month price objectives for Micron Technology's shares. Their MU share price forecasts range from $46.00 to $100.00. On average, they expect the company's share price to reach $75.64 in the next year. This suggests a possible upside of 9.8% 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 on January 1st, 2023. Since then, MU shares have increased by 37.8% and is now trading at $68.88.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, September 27th 2023.
View our MU earnings forecast.

Micron Technology will be holding an earnings conference call on Wednesday, September 27th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

Micron Technology, Inc. (NASDAQ:MU) posted its earnings results on Wednesday, June, 28th. The semiconductor manufacturer reported ($1.43) earnings per share for the quarter, topping the consensus estimate of ($1.61) by $0.18. The semiconductor manufacturer earned $3.75 billion during the quarter, compared to analyst estimates of $3.65 billion. Micron Technology had a negative trailing twelve-month return on equity of 5.40% and a negative net margin of 16.02%. The firm's revenue for the quarter was down 56.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.50 EPS.
Read the conference call transcript.

Micron Technology declared a quarterly dividend on Wednesday, June 28th. Shareholders of record on Monday, July 10th will be paid a dividend of $0.115 per share on Tuesday, July 25th. This represents a $0.46 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend is Friday, July 7th.
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 U.S. 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 fourth quarter 2023 earnings guidance on Thursday, June, 29th. The company provided EPS guidance of -$1.26--$1.12 for the period, compared to the consensus EPS estimate of -$1.06. The company issued revenue guidance of $3.70 billion-$4.10 billion, compared to the consensus revenue estimate of $3.89 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 number of institutional and retail investors. Top institutional shareholders 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.
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One share of MU stock can currently be purchased for approximately $68.88.

Micron Technology (NASDAQ:MU) has a market capitalization of $75.44 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.