S&P 500   4,544.90
DOW   35,677.02
QQQ   374.10
S&P 500   4,544.90
DOW   35,677.02
QQQ   374.10
S&P 500   4,544.90
DOW   35,677.02
QQQ   374.10
S&P 500   4,544.90
DOW   35,677.02
QQQ   374.10

Micron Technology Stock Forecast, Price & News

$67.51
-1.13 (-1.65 %)
(As of 10/22/2021 12:00 AM ET)
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Today's Range
$67.09
$69.09
50-Day Range
$66.38
$75.91
52-Week Range
$49.30
$96.96
Volume17.89 million shs
Average Volume19.65 million shs
Market Capitalization$75.52 billion
P/E Ratio18.60
Dividend Yield0.59%
Beta1.27
30 days | 90 days | 365 days | Advanced Chart
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Micron Technology logo

About Micron Technology

Micron Technology, Inc. engages in the provision of innovative memory and storage solutions. It operates through the following segments: Compute & Networking Business Unit (CNBU), Mobile Business Unit (MBU), Storage Business Unit (SBU), and Embedded Business Unit (EBU). The CNBU segment includes memory products sold into cloud server, enterprise, client, graphics, and networking markets. The MBU segment offers memory products sold into smartphone and other mobile-device markets. The SBU segment comprises of SSDs and component-level solutions sold into enterprise and cloud, client, and consumer storage markets, and other discrete storage products sold in component and wafer forms. The EBU segment consists of memory and storage products sold into automotive, industrial, and consumer markets. The company was founded by Ward D. Parkinson, Joseph Leon Parkinson, Dennis Wilson, and Doug Pitman on October 5, 1978 and is headquartered in Boise, ID.

Headlines

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Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Semiconductors
CUSIP
59511210
Employees
2,020
Year Founded
1978

Sales & Book Value

Annual Sales
$21.44 billion
Cash Flow
$7.10 per share
Book Value
$35.10 per share

Profitability

Net Income
$2.69 billion

Debt

Price-To-Earnings

Miscellaneous

Outstanding Shares
1,118,624,000
Market Cap
$75.52 billion
Next Earnings Date
1/6/2022 (Estimated)
Optionable
Optionable

Social Links


MarketRank

Overall MarketRank

3.46 out of 5 stars

Computer And Technology Sector

2nd out of 866 stocks

Semiconductors & Related Devices Industry

2nd out of 116 stocks

Analyst Opinion: 4.4Community Rank: 5.0Dividend Strength: 1.7Insider Behavior: 2.5Valuation: 3.8 5 -4 -3 -2 -1 -












Micron Technology (NASDAQ:MU) Frequently Asked Questions

Is Micron Technology a buy right now?

31 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Micron Technology in the last twelve months. There are currently 8 hold ratings, 22 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" Micron Technology stock.
View analyst ratings for Micron Technology
or view top-rated stocks.

What stocks does MarketBeat like better than Micron Technology?

Wall Street analysts have given Micron Technology a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Micron Technology wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Micron Technology?

Micron Technology saw a decrease in short interest in the month of September. As of September 30th, there was short interest totaling 20,210,000 shares, a decrease of 26.0% from the September 15th total of 27,310,000 shares. Based on an average daily trading volume, of 18,860,000 shares, the days-to-cover ratio is currently 1.1 days. Currently, 1.8% of the company's stock are sold short.
View Micron Technology's Short Interest
.

When is Micron Technology's next earnings date?

Micron Technology is scheduled to release its next quarterly earnings announcement on Thursday, January 6th 2022.
View our earnings forecast for Micron Technology
.

How were Micron Technology's earnings last quarter?

Micron Technology, Inc. (NASDAQ:MU) announced its quarterly earnings results on Monday, September, 27th. The semiconductor manufacturer reported $2.42 EPS for the quarter, beating the Zacks' consensus estimate of $2.33 by $0.09. The semiconductor manufacturer earned $8.27 billion during the quarter, compared to analyst estimates of $8.21 billion. Micron Technology had a net margin of 16.20% and a trailing twelve-month return on equity of 12.60%. The firm's revenue was up 36.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.00 earnings per share.
View Micron Technology's earnings history
.

How has Micron Technology's stock price been impacted by Coronavirus?

Micron Technology's stock was trading at $43.72 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MU shares have increased by 54.4% and is now trading at $67.51.
View which stocks have been most impacted by COVID-19
.

How often does Micron Technology pay dividends? What is the dividend yield for Micron Technology?

Micron Technology announced a quarterly dividend on Monday, August 2nd. Investors of record on Friday, October 1st will be given a dividend of $0.10 per share on Monday, October 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend is Thursday, September 30th.
View Micron Technology's dividend history
.

Is Micron Technology a good dividend stock?

Micron Technology pays an annual dividend of $0.40 per share and currently has a dividend yield of 0.59%. Micron Technology does not yet have a strong track record of dividend growth. The dividend payout ratio of Micron Technology is 15.69%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Micron Technology will have a dividend payout ratio of 3.40% next year. This indicates that Micron Technology will be able to sustain or increase its dividend.
View Micron Technology's dividend history.

What guidance has Micron Technology issued on next quarter's earnings?

Micron Technology issued an update on its first quarter 2022 earnings guidance on Tuesday, October, 19th. The company provided earnings per share guidance of $2.000-$2.200 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.610. The company issued revenue guidance of $7.45 billion-$7.85 billion, compared to the consensus revenue estimate of $8.63 billion.

What price target have analysts set for MU?

31 equities research analysts have issued 1 year price targets for Micron Technology's shares. Their forecasts range from $70.00 to $165.00. On average, they anticipate Micron Technology's share price to reach $103.79 in the next year. This suggests a possible upside of 53.7% from the stock's current price.
View analysts' price targets for Micron Technology
or view top-rated stocks among Wall Street analysts.

Who are Micron Technology's key executives?

Micron Technology's management team includes the following people:

What is Sanjay Mehrotra's approval rating as Micron Technology's CEO?

669 employees have rated Micron Technology CEO Sanjay Mehrotra on Glassdoor.com. Sanjay Mehrotra has an approval rating of 79% among Micron Technology's employees.

What other stocks do shareholders of Micron Technology own?

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), (CGC), Advanced Micro Devices (AMD), CA (CA), Intel (INTC), Endologix (ELGX), Tesla (TSLA) and Bank of America (BAC).

What is Micron Technology's stock symbol?

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

Who are Micron Technology's major shareholders?

Micron Technology's stock is owned by many different retail and institutional investors. Top institutional shareholders include DNB Asset Management AS (0.32%), Strs Ohio (0.18%), DekaBank Deutsche Girozentrale (0.17%), Robeco Institutional Asset Management B.V. (0.14%), Oregon Public Employees Retirement Fund (0.08%) and Atalanta Sosnoff Capital LLC (0.06%). Company insiders that own Micron Technology stock include April S Arnzen, April S Arnzen, David Zinsner, Joel L Poppen, Joel L Poppen, Manish H Bhatia, Paul Marosvari, Scott J Deboer and Sumit Sadana.
View institutional ownership trends for Micron Technology
.

Which institutional investors are selling Micron Technology stock?

MU stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Strs Ohio, Crossmark Global Holdings Inc., Foundry Partners LLC, UMB Bank N A MO, Robeco Institutional Asset Management B.V., Chevy Chase Trust Holdings Inc., and State of Alaska Department of Revenue. Company insiders that have sold Micron Technology company stock in the last year include April S Arnzen, David Zinsner, Joel L Poppen, Manish H Bhatia, Scott J Deboer, and Sumit Sadana.
View insider buying and selling activity for Micron Technology
or view top insider-selling stocks.

Which institutional investors are buying Micron Technology stock?

MU stock was acquired by a variety of institutional investors in the last quarter, including DNB Asset Management AS, Polaris Wealth Advisory Group LLC, Rheos Capital Works Inc., WESPAC Advisors SoCal LLC, Hodges Capital Management Inc., Pinnacle Associates Ltd., Private Advisor Group LLC, and DekaBank Deutsche Girozentrale.
View insider buying and selling activity for Micron Technology
or or view top insider-buying stocks.

How do I buy shares of Micron Technology?

Shares of MU 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.

What is Micron Technology's stock price today?

One share of MU stock can currently be purchased for approximately $67.51.

How much money does Micron Technology make?

Micron Technology has a market capitalization of $75.52 billion and generates $21.44 billion in revenue each year. The semiconductor manufacturer earns $2.69 billion in net income (profit) each year or $2.55 on an earnings per share basis.

How many employees does Micron Technology have?

Micron Technology employs 2,020 workers across the globe.

Does Micron Technology have any subsidiaries?

The following companies are subsidiares of Micron Technology: Convey Computer, DisplayTech, Elpida Memory, Fwdnxt, IM Flash, Inotera, Lexar, Micron Asia Pacific LLC, Micron International LLC, Micron Memory Japan G.K., Micron Memory Taiwan Co. Ltd., Micron Semiconductor (Xi’an) Co. Ltd., Micron Semiconductor Asia LLC, Micron Semiconductor Asia Operations Pte. Ltd., Micron Semiconductor Asia Pte. Ltd., Micron Semiconductor Products Inc., Micron Semiconductor Taiwan Co. Ltd., Micron Technology B.V., Micron Technology Finance LLC, Micron Technology Taiwan Inc., Micron Technology Utah LLC, NetFRAME Systems, Numonyx, Photobit Corp., Pico Computing, Rendition Inc., Rexchip Electronics, TiDAL Systems, and VirtenSys.

When was Micron Technology founded?

Micron Technology was founded in 1978.

What is Micron Technology's official website?

The official website for Micron Technology is www.micron.com.

Where are Micron Technology's headquarters?

Micron Technology is headquartered at 8000 S FEDERAL WAY, BOISE ID, 83716.

How can I contact Micron Technology?

Micron Technology's mailing address is 8000 S FEDERAL WAY, BOISE ID, 83716. The semiconductor manufacturer can be reached via phone at (208) 368-4000 or via email at [email protected].


This page was last updated on 10/23/2021 by MarketBeat.com Staff

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