Micron Technology (MU) Stock Forecast, Price & News

31 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Micron Technology in the last twelve months. There are currently 2 sell ratings, 5 hold ratings and 24 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MU shares.
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31 analysts have issued 1 year price targets for Micron Technology's shares. Their MU share price forecasts range from $45.00 to $100.00. On average, they predict the company's share price to reach $70.03 in the next year. This suggests a possible upside of 3.7% from the stock's current price.
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Micron Technology's stock was trading at $49.98 on January 1st, 2023. Since then, MU shares have increased by 35.1% and is now trading at $67.54.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 28th 2023.
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Micron Technology will be holding an earnings conference call on Wednesday, June 28th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

Micron Technology, Inc. (NASDAQ:MU) announced its earnings results on Tuesday, March, 28th. The semiconductor manufacturer reported ($1.91) EPS for the quarter, missing analysts' consensus estimates of ($0.75) by $1.16. The semiconductor manufacturer had revenue of $3.69 billion for the quarter, compared to analysts' expectations of $3.71 billion. Micron Technology had a net margin of 6.99% and a trailing twelve-month return on equity of 3.98%. The business's quarterly revenue was down 52.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.05 earnings per share.
Read the conference call transcript.

Micron Technology declared a quarterly dividend on Tuesday, March 28th. Investors of record on Monday, April 10th will be paid a dividend of $0.115 per share on Tuesday, April 25th. This represents a $0.46 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Thursday, April 6th.
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), Invesco Dynamic Semiconductors ETF (PSI), Strive U.S. Semiconductor ETF (SHOC), VanEck Semiconductor ETF (SMH), iShares Semiconductor ETF (SOXX), Invesco PHLX Semiconductor ETF (SOXQ), Subversive Metaverse ETF (PUNK).SPDR S&P Semiconductor ETF (XSD).

Micron Technology (NASDAQ:MU) pays an annual dividend of $0.46 per share and currently has a dividend yield of 0.67%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 33.09%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for MU.

Micron Technology updated its third quarter 2023 earnings guidance on Wednesday, March, 29th. The company provided earnings per share (EPS) guidance of -$1.65--$1.51 for the period, compared to the consensus EPS estimate of -$0.90. The company issued revenue guidance of $3.50 billion-$3.90 billion, compared to the consensus revenue estimate of $3.70 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 investors include BlackRock Inc. (7.82%), State Street Corp (4.21%), Sanders Capital LLC (3.56%), Geode Capital Management LLC (1.87%), Price T Rowe Associates Inc. MD (1.61%) and Bank of New York Mellon Corp (1.35%). 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, Paul Marosvari, Richard M Beyer, Robert P Beard, Sanjay Mehrotra, Scott J Deboer and Sumit Sadana.
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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 $67.54.

Micron Technology (NASDAQ:MU) has a market capitalization of $73.69 billion and generates $30.76 billion in revenue each year. The semiconductor manufacturer earns $8.69 billion in net income (profit) each year or $1.39 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.