NASDAQ:MUMicron Technology Stock Price, Forecast & News

Micron Technology's stock was trading at $43.72 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, MU stock has increased by 15.3% and is now trading at $50.39.
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31 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Micron Technology in the last year. There are currently 1 sell rating, 10 hold ratings, 19 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
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Micron Technology is scheduled to release its next quarterly earnings announcement on Thursday, September 24th 2020.
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Micron Technology, Inc. (NASDAQ:MU) issued its earnings results on Monday, June, 29th. The semiconductor manufacturer reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.71 by $0.11. The semiconductor manufacturer earned $5.44 billion during the quarter, compared to analysts' expectations of $5.05 billion. Micron Technology had a net margin of 11.16% and a return on equity of 6.31%. Micron Technology's revenue for the quarter was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.05 EPS.
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Micron Technology issued an update on its fourth quarter earnings guidance on Monday, June, 29th. The company provided earnings per share guidance of $0.95-1.15 for the period, compared to the Thomson Reuters consensus estimate of $0.80. The company issued revenue guidance of $5.75-6.25 billion, compared to the consensus revenue estimate of $5.51 billion.

31 analysts have issued 1-year target prices for Micron Technology's shares. Their forecasts range from $35.00 to $100.00. On average, they expect Micron Technology's share price to reach $63.93 in the next year. This suggests a possible upside of 26.9% from the stock's current price.
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Press coverage about MU stock has been trending somewhat positive recently, according to InfoTrie Sentiment. The research group identifies negative and positive media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Micron Technology earned a daily sentiment score of 1.6 on InfoTrie's scale. They also assigned news stories about the semiconductor manufacturer a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next several days.
View the latest news about Micron Technology.

Some companies that are related to Micron Technology include NVIDIA (NVDA), Intel (INTC), Broadcom (AVGO), Texas Instruments (TXN), Analog Devices (ADI), Microchip Technology (MCHP), Xilinx (XLNX), Marvell Technology Group (MRVL), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), Cree (CREE), Inphi (IPHI), First Solar (FSLR) and Silicon Laboratories (SLAB).
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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), Canopy Growth (CGC), CA (CA), Advanced Micro Devices (AMD), Endologix (ELGX), BlackRock (BLK), Intel (INTC) and Chipotle Mexican Grill (CMG).

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

Micron Technology's stock is owned by a number of retail and institutional investors. Top institutional investors include Assenagon Asset Management S.A. (0.48%), Sumitomo Mitsui Trust Holdings Inc. (0.41%), Manning & Napier Group LLC (0.35%), DNB Asset Management AS (0.21%), First Trust Advisors LP (0.19%) and New York State Teachers Retirement System (0.14%). Company insiders that own Micron Technology stock include April S Arnzen, Joel L Poppen, Michael W Bokan, Patrick J Byrne and Scott J Deboer.
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MU stock was sold by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Trust Holdings Inc., Jag Capital Management LLC, Hexavest Inc., Robeco Institutional Asset Management B.V., Strs Ohio, Zurcher Kantonalbank Zurich Cantonalbank, Gateway Investment Advisers LLC, and Columbus Circle Investors. Company insiders that have sold Micron Technology company stock in the last year include April S Arnzen, Joel L Poppen, Patrick J Byrne, and Scott J Deboer.
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MU stock was purchased by a variety of institutional investors in the last quarter, including Mn Services Vermogensbeheer B.V., DNB Asset Management AS, ANTIPODES PARTNERS Ltd, Oregon Public Employees Retirement Fund, Psagot Investment House Ltd., Duality Advisers LP, Veracity Capital LLC, and Envestnet Asset Management Inc..
View insider buying and selling activity for Micron Technology.

Shares of MU can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of MU stock can currently be purchased for approximately $50.39.

Micron Technology has a market capitalization of $55.98 billion and generates $23.41 billion in revenue each year. The semiconductor manufacturer earns $6.31 billion in net income (profit) each year or $6.15 on an earnings per share basis. Micron Technology employs 37,000 workers across the globe.

The official website for Micron Technology is www.micron.com.

Micron Technology's mailing address is 8000 S FEDERAL WAY, BOISE ID, 83716. The semiconductor manufacturer can be reached via phone at 208-368-4000 or via email at [email protected]