S&P 500   4,981.80
DOW   38,612.24
QQQ   425.61
Palo Alto Networks, Keysight fall; Garmin, Toll Brothers rise, Wednesday, 2/21/2024
66,000% upside on tiny biotech? (Ad)
Applied Materials stock is Ray Dalio's favorite in this new cycle
Palo Alto Networks aims at cyber security leadership
AI Stock Caught Trading Under Secret Name (Ad)
Spotify sounding better to analysts as company tunes into profits
3 Reasons the Capital One-Discover merger is a big deal
Laser breakthrough could send stock soaring 2,467% (Ad)
How major US stock indexes fared Wednesday, 2/21/2024
Germany says Europe's largest economy is in 'troubled waters' and cuts its growth forecast
S&P 500   4,981.80
DOW   38,612.24
QQQ   425.61
Palo Alto Networks, Keysight fall; Garmin, Toll Brothers rise, Wednesday, 2/21/2024
66,000% upside on tiny biotech? (Ad)
Applied Materials stock is Ray Dalio's favorite in this new cycle
Palo Alto Networks aims at cyber security leadership
AI Stock Caught Trading Under Secret Name (Ad)
Spotify sounding better to analysts as company tunes into profits
3 Reasons the Capital One-Discover merger is a big deal
Laser breakthrough could send stock soaring 2,467% (Ad)
How major US stock indexes fared Wednesday, 2/21/2024
Germany says Europe's largest economy is in 'troubled waters' and cuts its growth forecast
S&P 500   4,981.80
DOW   38,612.24
QQQ   425.61
Palo Alto Networks, Keysight fall; Garmin, Toll Brothers rise, Wednesday, 2/21/2024
66,000% upside on tiny biotech? (Ad)
Applied Materials stock is Ray Dalio's favorite in this new cycle
Palo Alto Networks aims at cyber security leadership
AI Stock Caught Trading Under Secret Name (Ad)
Spotify sounding better to analysts as company tunes into profits
3 Reasons the Capital One-Discover merger is a big deal
Laser breakthrough could send stock soaring 2,467% (Ad)
How major US stock indexes fared Wednesday, 2/21/2024
Germany says Europe's largest economy is in 'troubled waters' and cuts its growth forecast
S&P 500   4,981.80
DOW   38,612.24
QQQ   425.61
Palo Alto Networks, Keysight fall; Garmin, Toll Brothers rise, Wednesday, 2/21/2024
66,000% upside on tiny biotech? (Ad)
Applied Materials stock is Ray Dalio's favorite in this new cycle
Palo Alto Networks aims at cyber security leadership
AI Stock Caught Trading Under Secret Name (Ad)
Spotify sounding better to analysts as company tunes into profits
3 Reasons the Capital One-Discover merger is a big deal
Laser breakthrough could send stock soaring 2,467% (Ad)
How major US stock indexes fared Wednesday, 2/21/2024
Germany says Europe's largest economy is in 'troubled waters' and cuts its growth forecast

Micron Technology (MU) Stock Price, News & Analysis

$81.49
+0.78 (+0.97%)
(As of 02/21/2024 ET)
Today's Range
$79.94
$81.50
50-Day Range
$78.69
$89.24
52-Week Range
$52.76
$90.04
Volume
9.91 million shs
Average Volume
13.54 million shs
Market Capitalization
$89.96 billion
P/E Ratio
N/A
Dividend Yield
0.56%
Price Target
$94.95

Micron Technology MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.84 Rating Score
Upside/​Downside
16.5% Upside
$94.95 Price Target
Short Interest
Healthy
2.01% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-2.35
Upright™ Environmental Score
News Sentiment
0.79mentions of Micron Technology in the last 14 days
Based on 21 Articles This Week
Insider Trading
Selling Shares
$23.02 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.99) to $6.51 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.14 out of 5 stars

Computer And Technology Sector

151st out of 578 stocks

Semiconductors & Related Devices Industry

26th out of 87 stocks


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

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Micron (MU) Unveils Crucial Pro Series Products for Gamers
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Micron Technology, Inc.
Here's Why Micron (MU) Gained But Lagged the Market Today
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See More Headlines
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Company Calendar

Last Earnings
12/20/2023
Ex-Dividend for 1/18 Dividend
12/29/2023
Dividend Payable
1/18/2024
Today
2/22/2024
Next Earnings (Confirmed)
3/20/2024
Fiscal Year End
8/31/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Semiconductors
CUSIP
59511210
Employees
43,000
Year Founded
1978

Price Target and Rating

Average Stock Price Target
$94.95
High Stock Price Target
$115.00
Low Stock Price Target
$65.00
Potential Upside/Downside
+16.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.84
Research Coverage
25 Analysts

Profitability

Net Income
$-5,833,000,000.00
Pretax Margin
-41.02%

Debt

Sales & Book Value

Annual Sales
$15.54 billion
Cash Flow
$2.27 per share
Book Value
$40.18 per share

Miscellaneous

Outstanding Shares
1,103,910,000
Free Float
1,100,376,000
Market Cap
$89.96 billion
Optionable
Optionable
Beta
1.24

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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 Wednesday, February 21, 2024 at 2:38 PM.














MU Stock Analysis - Frequently Asked Questions

Should I buy or sell Micron Technology stock right now?

25 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, 2 hold ratings and 22 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 target for 2024?

25 analysts have issued 12 month target prices for Micron Technology's shares. Their MU share price targets range from $65.00 to $115.00. On average, they anticipate the company's share price to reach $94.95 in the next year. This suggests a possible upside of 16.5% 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 2024?

Micron Technology's stock was trading at $85.34 at the start of the year. Since then, MU stock has decreased by 4.5% and is now trading at $81.49.
View the best growth stocks for 2024 here
.

Are investors shorting Micron Technology?

Micron Technology saw a increase in short interest in the month of January. As of January 31st, there was short interest totaling 22,100,000 shares, an increase of 10.6% from the January 15th total of 19,990,000 shares. Based on an average daily volume of 13,910,000 shares, the short-interest ratio is presently 1.6 days. Currently, 2.0% of the company's stock are sold short.
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, March 20th 2024.
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, March 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) issued its earnings results on Wednesday, December, 20th. The semiconductor manufacturer reported ($0.95) EPS for the quarter, beating analysts' consensus estimates of ($1.01) by $0.06. The semiconductor manufacturer earned $4.73 billion during the quarter, compared to the consensus estimate of $4.58 billion. Micron Technology had a negative net margin of 42.47% and a negative trailing twelve-month return on equity of 14.44%. Micron Technology's revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.15) 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 declared a quarterly dividend on Wednesday, December 20th. Shareholders of record on Tuesday, January 2nd will be given a dividend of $0.115 per share on Thursday, January 18th. This represents a $0.46 annualized dividend and a yield of 0.56%. The ex-dividend date is Friday, December 29th.
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 0.58%.
Read our dividend analysis for MU.

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

Micron Technology issued an update on its second quarter 2024 earnings guidance on Wednesday, December, 20th. The company provided EPS guidance of -0.350--0.210 for the period, compared to the consensus earnings per share estimate of -0.620. The company issued revenue guidance of $5.1 billion-$5.5 billion, compared to the consensus revenue estimate of $5.0 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), Xtrackers California Municipal Bond ETF (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 a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.60%), Primecap Management Co. CA (3.40%), Capital Research Global Investors (2.61%), Sanders Capital LLC (2.05%), Capital World Investors (1.93%) and Capital International Investors (1.44%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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 2/22/2024 by MarketBeat.com Staff