Micron Technology Stock Forecast, Price & News

Micron Technology's stock was trading at $43.72 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MU shares have increased by 20.9% and is now trading at $52.85.
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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, 8 hold ratings, 21 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 Wednesday, December 16th 2020.
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Micron Technology, Inc. (NASDAQ:MU) posted its earnings results on Tuesday, September, 29th. The semiconductor manufacturer reported $1.08 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.95 by $0.13. The semiconductor manufacturer earned $6.06 billion during the quarter, compared to analysts' expectations of $5.54 billion. Micron Technology had a return on equity of 7.73% and a net margin of 12.54%. The firm's quarterly revenue was up 24.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.56 earnings per share.
View Micron Technology's earnings history.

Micron Technology issued an update on its first quarter earnings guidance on Tuesday, September, 29th. The company provided EPS guidance of $0.40-0.54 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.68. The company issued revenue guidance of $5.00-5.40 billion, compared to the consensus revenue estimate of $5.33 billion.

31 brokerages have issued twelve-month price targets 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 $62.20 in the next year. This suggests a possible upside of 17.7% from the stock's current price.
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Micron Technology saw a drop in short interest in September. As of September 30th, there was short interest totaling 28,160,000 shares, a drop of 13.5% from the September 15th total of 32,560,000 shares. Based on an average daily volume of 19,340,000 shares, the days-to-cover ratio is currently 1.5 days.
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Some companies that are related to Micron Technology include NVIDIA (NVDA), Intel (INTC), Broadcom (AVGO), Texas Instruments (TXN), Analog Devices (ADI), Xilinx (XLNX), Microchip Technology (MCHP), Marvell Technology Group (MRVL), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), First Solar (FSLR), Cree (CREE), Inphi (IPHI) and Lattice Semiconductor (LSCC).
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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), 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 variety of retail and institutional investors. Top institutional investors include DNB Asset Management AS (0.15%), Assenagon Asset Management S.A. (0.09%), LSV Asset Management (0.08%), Atalanta Sosnoff Capital LLC (0.05%), Envestnet Asset Management Inc. (0.05%) and Gateway Investment Advisers LLC (0.04%). Company insiders that own Micron Technology stock include April S Arnzen, Joel L Poppen, Michael W Bokan, Patrick J Byrne, Paul Marosvari and Scott J Deboer.
View institutional ownership trends for Micron Technology.

MU stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., DNB Asset Management AS, Atalanta Sosnoff Capital LLC, James Investment Research Inc., Standard Life Aberdeen plc, Hexavest Inc., Jackson Wealth Management LLC, and Redpoint Investment Management Pty Ltd. Company insiders that have sold Micron Technology company stock in the last year include April S Arnzen, Joel L Poppen, Paul Marosvari, and Scott J Deboer.
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MU stock was purchased by a variety of institutional investors in the last quarter, including Gateway Investment Advisers LLC, Sycomore Asset Management, F&V Capital Management LLC, Avantax Advisory Services Inc., Grassi Investment Management, State of Alaska Department of Revenue, Candriam Luxembourg S.C.A., and IFM Investors Pty Ltd.
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 $52.85.

Micron Technology has a market capitalization of $58.83 billion and generates $21.44 billion in revenue each year. The semiconductor manufacturer earns $2.69 billion in net income (profit) each year or $2.55 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]