Micron Technology - MU Stock Forecast, Price & News

29 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, 4 hold ratings and 23 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MU shares.
View MU analyst ratings or view top-rated stocks.

29 equities research analysts have issued 12-month price objectives for Micron Technology's shares. Their MU share price forecasts range from $45.00 to $135.00. On average, they expect the company's stock price to reach $71.61 in the next twelve months. This suggests a possible upside of 42.9% from the stock's current price.
View analysts price targets for MU or view top-rated stocks among Wall Street analysts.

Micron Technology's stock was trading at $93.15 on January 1st, 2022. Since then, MU stock has decreased by 46.2% and is now trading at $50.10.
View the best growth stocks for 2022 here.

The company is scheduled to release its next quarterly earnings announcement on Monday, December 19th 2022.
View our MU earnings forecast.

Micron Technology, Inc. (NASDAQ:MU) posted its quarterly earnings results on Thursday, September, 29th. The semiconductor manufacturer reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.04. The semiconductor manufacturer had revenue of $6.64 billion for the quarter, compared to analysts' expectations of $6.78 billion. Micron Technology had a net margin of 30.61% and a trailing twelve-month return on equity of 21.91%. The firm's revenue was down 19.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.37 EPS.
Read the conference call transcript.

Micron Technology announced a quarterly dividend on Thursday, June 30th. Shareholders of record on Monday, July 11th will be given a dividend of $0.115 per share on Tuesday, July 26th. This represents a $0.46 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend is Friday, July 8th. This is a positive change from the stock's previous quarterly dividend of $0.10.
Read our dividend analysis for MU.

Micron Technology (NASDAQ:MU) pays an annual dividend of $0.46 per share and currently has a dividend yield of 0.92%. 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 5.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MU will have a dividend payout ratio of 14.02% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MU.

Micron Technology updated its first quarter earnings guidance on Thursday, September, 29th. The company provided EPS guidance of $(0.06)-$0.14 for the period, compared to the consensus estimate of $0.72. The company issued revenue guidance of $4.0-4.5 billion, compared to the consensus revenue estimate of $5.68 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."

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.

One share of MU stock can currently be purchased for approximately $50.10.

Micron Technology (NASDAQ:MU) has a market capitalization of $55.27 billion and generates $27.71 billion in revenue each year. The semiconductor manufacturer earns $5.86 billion in net income (profit) each year or $8.77 on an earnings per share basis.

The company employs 43,000 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.