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This Stock Could Go Up 66% or More. (Ad)
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S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
AI Creates New Cancer Drug - In Just 30 Days! (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
MarketBeat Week in Review – 9/25 - 9/29
This Stock Could Go Up 66% or More. (Ad)
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
Almost all of Nagorno-Karabakh's people have left, Armenia's government says
This Stock Could Go Up 66% or More. (Ad)
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
AI Creates New Cancer Drug - In Just 30 Days! (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
MarketBeat Week in Review – 9/25 - 9/29
This Stock Could Go Up 66% or More. (Ad)
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
Almost all of Nagorno-Karabakh's people have left, Armenia's government says
This Stock Could Go Up 66% or More. (Ad)
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
AI Creates New Cancer Drug - In Just 30 Days! (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
MarketBeat Week in Review – 9/25 - 9/29
This Stock Could Go Up 66% or More. (Ad)
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
Almost all of Nagorno-Karabakh's people have left, Armenia's government says
This Stock Could Go Up 66% or More. (Ad)
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
NASDAQ:MU

Micron Technology (MU) Stock Forecast, Price & News

$68.03
+2.83 (+4.34%)
(As of 09/29/2023 ET)
Compare
Today's Range
$66.36
▼
$68.73
50-Day Range
$63.41
▼
$71.79
52-Week Range
$48.43
▼
$74.77
Volume
24.32 million shs
Average Volume
13.99 million shs
Market Capitalization
$74.51 billion
P/E Ratio
N/A
Dividend Yield
0.68%
Price Target
$77.43
ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

Micron Technology MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.74 Rating Score
Upside/​Downside
13.8% Upside
$77.43 Price Target
Short Interest
Healthy
2.29% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-2.27
Upright™ Environmental Score
News Sentiment
0.33mentions of Micron Technology in the last 14 days
Based on 80 Articles This Week
Insider Trading
Selling Shares
$16.55 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.97) to $2.56 Per Share

Overall MarketRank™

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

2.19 out of 5 stars

Computer And Technology Sector

340th out of 605 stocks

Semiconductors & Related Devices Industry

52nd out of 88 stocks

See Top Rated MarketRank™ Stocks Here

MU stock logo

About Micron Technology (NASDAQ:MU) Stock

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 Price History

MU Stock News Headlines

September 28, 2023 | marketbeat.com
Uber, Chico's rise; Micron Technology, Accenture fall, Thursday, 9/28/2023
Stocks that are trading heavily or have substantial price changes on Thursday: Uber, Chico’s rise; Micron Technology, Accenture fall
September 28, 2023 | marketbeat.com
3 Reasons Micron is a Buy on Market Weakness
Memory chipmaker Micron improves sequentially and issues an outlook that includes a return to growth and profitability in 2024.
October 1, 2023 | Behind the Markets (Ad)
Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
September 22, 2023 | marketbeat.com
A Tech Stock You've Never Heard Of Just Hit The Rally Button (MU)
Western Digital has been flying under the radar, which is good news for those of us who are starting to sit up and taking note.
September 6, 2023 | marketbeat.com
Should Best Buy Be in Your Cart for the Holiday Season? (MU)
Big box consumer electronics retailer Best Buy Co. Inc. (NYSE: BBY) may be the last of its kind as the nation’s largest standalone pure-play consumer electronic
September 6, 2023 | marketbeat.com
This Analysis Makes Intel An Attractive Watchlist Addition (MU)
Intel shares have built strong momentum this year, however, there are still lots of unpriced tailwinds that can bring the CEO's latest investment to new highs
September 30, 2023 | americanbankingnews.com
Micron Technology (NASDAQ:MU) PT Raised to $80.00 at JPMorgan Chase & Co.
September 30, 2023 | americanbankingnews.com
Robert W. Baird Increases Micron Technology (NASDAQ:MU) Price Target to $65.00
October 1, 2023 | Behind the Markets (Ad)
Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
September 30, 2023 | americanbankingnews.com
Micron Technology (NASDAQ:MU) Rating Reiterated by Citigroup
September 30, 2023 | americanbankingnews.com
Micron Technology (NASDAQ:MU) Trading 4.9% Higher After Analyst Upgrade
September 29, 2023 | seekingalpha.com
Micron falls as Wall Street debates mixed Q1 guidance
September 29, 2023 | seekingalpha.com
Micron Technology, Inc. (MU) Post Q4 2023 Earnings Analyst Call Transcript
September 29, 2023 | seekingalpha.com
Micron's Recovery Will Likely Take More Time Than Investors Expect
September 29, 2023 | seekingalpha.com
Micron: Profitability Is Poised For A Spectacular Recovery
September 29, 2023 | msn.com
Micron Technology Earnings Highlights: MU shares are trading lower after the company reported Q4 financial results and issued guidance
September 28, 2023 | msn.com
Micron’s profitability might take another year despite AI chip frenzy — and the stock is suffering
September 28, 2023 | msn.com
Micron Shares Fall Following Weaker-Than-Expected Guidance
September 28, 2023 | finance.yahoo.com
Micron Technology (MU): An Overvalued Stock or a Hidden Gem?
September 28, 2023 | realmoney.thestreet.com
Micron's Earnings Are Clear. Wish I Could Say the Same for the Charts
September 28, 2023 | markets.businessinsider.com
Morgan Stanley Sees Persistence Headwinds For Micron Even As Memory Prices Start To Lift
September 28, 2023 | benzinga.com
What 7 Analysts Think of Micron Technology's Q4: Excess Inventory, Product Demand
September 28, 2023 | seekingalpha.com
Micron Q4: Memory Bottomed, Now Better Positioned To Outperform
September 28, 2023 | theglobeandmail.com
Micron Technology’s Stock Falls 5% On Earnings Miss
September 28, 2023 | finance.yahoo.com
Micron Technology, Inc. (NASDAQ:MU) Q4 2023 Earnings Call Transcript
September 28, 2023 | benzinga.com
Micron Stock Is Sliding: What's Going On?
September 28, 2023 | theglobeandmail.com
Why Micron Technology (MU) Stock Is Trading Lower Today
See More Headlines
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MU Company Calendar

Ex-Dividend for 7/25 Dividend
7/07/2023
Dividend Payable
7/25/2023
Last Earnings
9/27/2023
Today
10/01/2023
Ex-Dividend for 10/25 Dividend
10/06/2023
Dividend Payable
10/25/2023
Next Earnings (Estimated)
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
48,000
Year Founded
1978

Price Target and Rating

Average Stock Price Forecast
$77.43
High Stock Price Forecast
$100.00
Low Stock Price Forecast
$58.50
Forecasted Upside/Downside
+13.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.74
Research Coverage
27 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
$8.69 billion
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
2.64

Sales & Book Value

Annual Sales
$15.54 billion
Price / Sales
4.79
Cash Flow
$2.32 per share
Price / Cash Flow
29.38
Book Value
$40.28 per share
Price / Book
1.69

Miscellaneous

Outstanding Shares
1,095,300,000
Free Float
1,091,688,000
Market Cap
$74.51 billion
Optionable
Optionable
Beta
1.36

Social Links

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MarketBeat's analysts have just released their top five short plays for October 2023. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.

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Key Executives

  • Mr. Sanjay MehrotraMr. Sanjay Mehrotra (Age 64)
    CEO, Pres & Director
    Comp: $5.34M
  • Mr. Mark J. MurphyMr. Mark J. Murphy (Age 55)
    Exec. VP & CFO
    Comp: $943.08k
  • Mr. Manish H. BhatiaMr. Manish H. Bhatia (Age 51)
    Exec. VP of Global Operations
    Comp: $10.52M
  • Dr. Scott J. DeBoerDr. Scott J. DeBoer (Age 57)
    Exec. VP of Technology & Products
    Comp: $1.34M
  • Mr. Michael W. BokanMr. Michael W. Bokan (Age 62)
    Sr. VP of Worldwide Sales
    Comp: $1.12M
  • Mr. Sumit SadanaMr. Sumit Sadana (Age 54)
    Exec. VP & Chief Bus. Officer
    Comp: $1.85M
  • Mr. Scott R. AllenMr. Scott R. Allen (Age 55)
    Corp. VP & Chief Accounting Officer
  • Mr. Anand Bahl
    Corp. VP & Chief Information Officer
  • Mr. Farhan Ahmad
    VP of Investor Relations
  • Mr. Michael Myers J.D.
    VP, Interim Gen. Counsel & Corp. Sec.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













MU Stock - Frequently Asked Questions

Should I buy or sell Micron Technology stock right now?

27 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 21 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.

What is Micron Technology's stock price forecast for 2023?

27 brokers have issued twelve-month price objectives for Micron Technology's stock. Their MU share price forecasts range from $58.50 to $100.00. On average, they predict the company's stock price to reach $77.43 in the next twelve months. This suggests a possible upside of 13.8% 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 beginning of 2023. Since then, MU stock has increased by 36.1% and is now trading at $68.03.
View the best growth stocks for 2023 here.

Are investors shorting Micron Technology?

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. Currently, 2.3% of the company's stock are short sold.
View Micron Technology's Short Interest.

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 were Micron Technology's earnings last quarter?

Micron Technology, Inc. (NASDAQ:MU) released its quarterly earnings results on Wednesday, September, 27th. The semiconductor manufacturer reported ($1.07) EPS for the quarter, beating analysts' consensus estimates of ($1.15) by $0.08. The semiconductor manufacturer earned $4.01 billion during the quarter, compared to the consensus estimate 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 company's quarterly revenue was down 39.6% compared to the same quarter last year. During the same period last year, the firm posted $1.36 EPS.
Read the conference call transcript.

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

Micron Technology declared a quarterly dividend on Wednesday, September 27th. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Friday, October 6th.
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), 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).

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 0.71%.
Read our dividend analysis for MU.

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

Micron Technology updated its first quarter 2024 earnings guidance on Wednesday, September, 27th. The company provided earnings per share (EPS) guidance of -$1.14--$1.00 for the period, compared to the consensus 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.

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).

What is Micron Technology's stock symbol?

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

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.

What is Micron Technology's stock price today?

One share of MU stock can currently be purchased for approximately $68.03.

How much money does Micron Technology make?

Micron Technology (NASDAQ:MU) has a market capitalization of $74.51 billion and generates $15.54 billion in revenue each year. The semiconductor manufacturer earns $8.69 billion in net income (profit) each year or ($5.34) on an earnings per share basis.

How many employees does Micron Technology have?

The company employs 48,000 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 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
How can I contact Micron Technology?

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.

This page (NASDAQ:MU) was last updated on 10/1/2023 by MarketBeat.com Staff

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