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S&P 500   4,567.80
DOW   35,950.89
QQQ   388.83
Are blue chip stocks a good investment?
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Power Play: GE's game-changing technology for EVs and grids
Home sales hit a 13-year low... what now?
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Stock market today: World shares mixed after Wall St ends its best month of '23 with big gains
Salesforce.com completes a reversal: new all-time high in sight
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
A 15% gain in store for Five Below after rosy holiday outlook
Elon Musk Gives Profanity-Laden Tirade During DealBook Interview: "Go F--- Yourself'
S&P 500   4,567.80
DOW   35,950.89
QQQ   388.83
Are blue chip stocks a good investment?
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Power Play: GE's game-changing technology for EVs and grids
Home sales hit a 13-year low... what now?
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Stock market today: World shares mixed after Wall St ends its best month of '23 with big gains
Salesforce.com completes a reversal: new all-time high in sight
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
A 15% gain in store for Five Below after rosy holiday outlook
Elon Musk Gives Profanity-Laden Tirade During DealBook Interview: "Go F--- Yourself'
S&P 500   4,567.80
DOW   35,950.89
QQQ   388.83
Are blue chip stocks a good investment?
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Power Play: GE's game-changing technology for EVs and grids
Home sales hit a 13-year low... what now?
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Stock market today: World shares mixed after Wall St ends its best month of '23 with big gains
Salesforce.com completes a reversal: new all-time high in sight
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
A 15% gain in store for Five Below after rosy holiday outlook
Elon Musk Gives Profanity-Laden Tirade During DealBook Interview: "Go F--- Yourself'
Most-Upgraded StocksMost-Upgraded

Micron Technology Stock Price, News & Analysis (NASDAQ:MU)

$76.12
-0.57 (-0.74%)
(As of 11/30/2023 ET)
Compare
Today's Range
$74.97
▼
$77.00
50-Day Range
$64.53
▼
$78.62
52-Week Range
$48.43
▼
$79.02
Volume
21.70 million shs
Average Volume
11.22 million shs
Market Capitalization
$83.58 billion
P/E Ratio
N/A
Dividend Yield
0.60%
Price Target
$79.33
Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability

Micron Technology MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.72 Rating Score
Upside/​Downside
4.2% Upside
$79.33 Price Target
Short Interest
Healthy
1.88% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-2.28
Upright™ Environmental Score
News Sentiment
0.60mentions of Micron Technology in the last 14 days
Based on 57 Articles This Week
Insider Trading
Selling Shares
$8.45 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($2.36) to $4.89 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.96 out of 5 stars

Computer And Technology Sector

398th out of 602 stocks

Semiconductors & Related Devices Industry

66th out of 89 stocks

See Top Rated MarketRank™ Stocks Here

MU stock logo

About Micron Technology Stock (NASDAQ:MU)

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.

MU Stock Price History

MU Stock News Headlines

November 22, 2023 | marketbeat.com
NVIDIA is 'expensive' for a reason. Don't let it slip by
Some stocks can become "cheap" or "expensive" for a reason, and today, Nvidia shows all the reasons why it has been commanding such a high valuation multiple
December 1, 2023 | americanbankingnews.com
Brokerages Set Micron Technology, Inc. (NASDAQ:MU) Price Target at $78.25
December 1, 2023 | Wealthpress (Ad)
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
November 30, 2023 | seekingalpha.com
From Preannouncement To The UBS Conference: Micron's Journey Ahead
November 30, 2023 | americanbankingnews.com
Micron Technology (NASDAQ:MU) PT Raised to $85.00 at Needham & Company LLC
November 30, 2023 | americanbankingnews.com
Micron Technology (NASDAQ:MU) Given New $85.00 Price Target at Barclays
November 30, 2023 | americanbankingnews.com
Micron Technology (NASDAQ:MU) Price Target Increased to $88.00 by Analysts at Citigroup
November 30, 2023 | americanbankingnews.com
Micron Technology (NASDAQ:MU) Price Target Raised to $82.00 at Raymond James
December 1, 2023 | Wealthpress (Ad)
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
November 30, 2023 | americanbankingnews.com
Micron Technology (NASDAQ:MU) Hits New 1-Year High Following Analyst Upgrade
November 29, 2023 | msn.com
Micron guidance boost is 'bright' spot for memory, but questions emerge: Baird
November 29, 2023 | msn.com
Micron boosts Q1 guidance due to improved supply and demand, pricing
November 29, 2023 | markets.businessinsider.com
Raymond James Maintains Outperform Rating for Micron Technology: Here's What You Need To Know
November 29, 2023 | americanbankingnews.com
Morgan Stanley Boosts Micron Technology (NASDAQ:MU) Price Target to $71.50
November 29, 2023 | msn.com
Micron’s stock suffers as outlook for higher costs disappoints
November 29, 2023 | americanbankingnews.com
Comparing Micron Technology (NASDAQ:MU) and Semiconductor Manufacturing International (OTCMKTS:SIUIF)
November 28, 2023 | msn.com
Micron Raises Outlook On Improved Memory-Chip Demand
November 28, 2023 | finance.yahoo.com
Micron (MU) Stock Dips While Market Gains: Key Facts
November 28, 2023 | proactiveinvestors.com
Micron Technology lifts 1Q revenue guidance but higher expected costs see shares slide
November 28, 2023 | finance.yahoo.com
Micron Raises Earnings Guidance But Shares Fall
November 28, 2023 | finance.yahoo.com
Rebel's Edge - November 28: $PDD, $MU, and the NCAA Transfer Portal
November 28, 2023 | finance.yahoo.com
Micron Technology Is Retreating: Time to Run or Buy?
November 28, 2023 | seekingalpha.com
Micron Stock - Still Buy: More Upside Likely Ahead
November 28, 2023 | seekingalpha.com
Micron Technology, Inc. (MU) 2023 UBS Global Technology Conference Transcript
November 28, 2023 | investing.com
Micron raises forecast on improved supply/demand balance and pricing
November 28, 2023 | msn.com
Micron expects first quarter gross margin to approach breakeven
November 28, 2023 | finance.yahoo.com
Micron sees first-quarter operating expenses above forecast, shares fall
See More Headlines
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Company Calendar

Last Earnings
9/27/2023
Ex-Dividend for 10/25 Dividend
10/06/2023
Dividend Payable
10/25/2023
Today
11/30/2023
Next Earnings (Confirmed)
12/20/2023
Fiscal Year End
8/31/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Semiconductors & related devices
Sub-Industry
Semiconductors
Sector
Computer and Technology
Current Symbol
NASDAQ:MU
CUSIP
59511210
CIK
723125
Web
www.micron.com
Phone
(208) 368-4000
Fax
208-368-4435
Employees
43,000
Year Founded
1978

Price Target and Rating

Average Stock Price Target
$79.33
High Stock Price Target
$100.00
Low Stock Price Target
$65.00
Potential Upside/Downside
+4.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.72
Research Coverage
25 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($5.34)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$-5,833,000,000.00
Net Margins
-37.53%
Pretax Margin
-36.41%
Return on Equity
-11.65%
Return on Assets
-8.20%

Debt

Debt-to-Equity Ratio
0.30
Current Ratio
4.46
Quick Ratio
2.70

Sales & Book Value

Annual Sales
$15.54 billion
Price / Sales
5.38
Cash Flow
$2.21 per share
Price / Cash Flow
34.38
Book Value
$40.18 per share
Price / Book
1.89

Miscellaneous

Outstanding Shares
1,098,030,000
Free Float
1,094,410,000
Market Cap
$83.58 billion
Optionable
Optionable
Beta
1.30

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Should I Buy Micron Technology Stock? MU Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Micron Technology was last updated on Tuesday, November 28, 2023 at 10:54 PM.

Pros

Here are some ways that investors could benefit from investing in Micron Technology, Inc.:

  • Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products worldwide.
  • The company operates through four segments, which allows for diversified revenue streams.
  • Micron Technology, Inc. has a strong market presence and brand recognition in the memory and storage industry.
  • The company has a robust sales channel, including direct sales and distribution partners.
  • Recent developments and innovations in Micron Technology, Inc.'s products have shown promising growth potential.

Cons

Investors should be bearish about investing in Micron Technology, Inc. for these reasons:

  • The memory and storage industry is highly competitive, which may impact Micron Technology, Inc.'s market share and profitability.
  • Fluctuations in the global economy and demand for memory and storage products can affect the company's financial performance.
  • Technological advancements and changes in consumer preferences may render Micron Technology, Inc.'s products less competitive in the future.
  • The company's stock price is subject to market volatility and can be influenced by various external factors.
  • Investing in Micron Technology, Inc. involves risks associated with the semiconductor industry, such as supply chain disruptions and regulatory changes.














MU Stock Analysis - Frequently Asked Questions

Should I buy or sell Micron Technology stock right now?

25 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 19 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.

What is Micron Technology's stock price target for 2024?

25 brokers have issued 12 month target prices for Micron Technology's stock. Their MU share price targets range from $65.00 to $100.00. On average, they anticipate the company's share price to reach $79.33 in the next twelve months. This suggests a possible upside of 4.2% from the stock's current price.
View analysts price targets for MU or view top-rated stocks among Wall Street analysts.

How have MU shares performed in 2023?

Micron Technology's stock was trading at $49.98 at the start of the year. Since then, MU shares have increased by 52.3% and is now trading at $76.12.
View the best growth stocks for 2023 here.

When is Micron Technology's next earnings date?

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

How can I listen to Micron Technology's earnings call?

Micron Technology will be holding an earnings conference call on Wednesday, December 20th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Micron Technology's earnings last quarter?

Micron Technology, Inc. (NASDAQ:MU) posted its earnings results on Wednesday, September, 27th. The semiconductor manufacturer reported ($1.07) earnings per share (EPS) for the quarter, topping the consensus estimate 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 11.65% and a negative net margin of 37.53%. The firm's revenue was down 39.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.36 earnings per share.
Read the conference call transcript.

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

Micron Technology announced a quarterly dividend on Wednesday, September 27th. Shareholders of record on Tuesday, October 10th will be paid a dividend of $0.115 per share on Wednesday, October 25th. This represents a $0.46 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date is Friday, October 6th.
Read our dividend analysis for MU.

Is Micron Technology a good dividend stock?

Micron Technology (NASDAQ:MU) pays an annual dividend of $0.46 per share and currently has a dividend yield of 0.60%.
Read our dividend analysis for MU.

What ETFs hold Micron Technology's stock?

ETFs with the largest weight of Micron Technology (NASDAQ:MU) stock in their portfolio include First Trust Nasdaq Semiconductor ETF (FTXL), TCW 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).

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

Micron Technology updated its first quarter earnings guidance on Tuesday, November, 28th. The company provided earnings per share guidance of ($1.00) for the period, compared to the consensus earnings per share estimate of ($1.04). The company issued revenue guidance of $4.7 billion, compared to the consensus revenue estimate of $4.40 billion.

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

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.

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

Who are Micron Technology's major shareholders?

Micron Technology's stock is owned by many different institutional and retail investors. Top institutional shareholders include Primecap Management Co. CA (3.43%), Sanders Capital LLC (2.01%), FMR LLC (1.99%), Morgan Stanley (1.58%), Bank of New York Mellon Corp (1.04%) and Northern Trust Corp (0.99%). 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.

How do I buy shares of Micron Technology?

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.

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 Europe Limited, Micron International LLC, Micron Japan Ltd., Micron Memory Japan G.K., Micron Memory Malaysia SD, 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 Taiwan Inc., Micron Technology Utah LLC, NetFRAME Systems, Numonyx, Photobit Corp., Pico Computing, Rendition Inc., Rexchip Electronics, TiDAL Systems, and VirtenSys.
Read More
This page (NASDAQ:MU) was last updated on 12/1/2023 by MarketBeat.com Staff

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