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MU   49.47 (-0.76%)
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F   6.66 (+0.30%)
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NASDAQ:MU

Micron Technology Stock Forecast, Price & News

$49.47
-0.38 (-0.76 %)
(As of 09/24/2020 12:00 AM ET)
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Compare
Today's Range
$49.09
Now: $49.47
$50.36
50-Day Range
$42.66
MA: $46.84
$51.05
52-Week Range
$31.13
Now: $49.47
$61.19
Volume13.83 million shs
Average Volume24.75 million shs
Market Capitalization$54.96 billion
P/E Ratio24.86
Dividend YieldN/A
Beta1.35
Micron Technology, Inc. engages in the provision of innovative memory and storage solutions. It operates through the following segments: Compute and Networking Business Unit (CNBU); Mobile Business Unit (MBU); Storage Business Unit (SBU); and Embedded Business Unit (EBU). The Compute and Networking Business Unit segment includes memory products sold into cloud server, enterprise, client, graphics, and networking markets. The Mobile Business Unit segment offers memory products sold into smartphone, and other mobile-device markets. The Storage Business Unit segment comprises of SSDs and component-level solutions sold into enterprise and cloud, client, and consumer solid-state drive (SSD) markets, other discrete storage products sold in component and wafer forms to the removable storage markets, and sales of 3D XPoint memory. The Embedded Business Unit segment consists of memory and storage products sold into automotive, industrial, and consumer markets. The company was founded by Ward D. Parkinson, Joseph L. Parkinson, Dennis Wilson, and Doug Pitman in October 1978 and is headquartered in Boise, ID.
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Micron Technology logo

Beat the Market (BTM) Rank

Analyst Opinion: 4.3Community Rank: 3.5Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.14 out of 5 stars


Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustrySemiconductors
CUSIP59511210
Phone208-368-4000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$23.41 billion
Cash Flow$11.48 per share
Book Value$33.31 per share

Profitability

Net Income$6.31 billion

Miscellaneous

Employees37,000
Outstanding Shares1,110,999,000
Market Cap$54.96 billion
Next Earnings Date9/29/2020 (Confirmed)
OptionableOptionable
$49.47
-0.38 (-0.76 %)
(As of 09/24/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Micron Technology (NASDAQ:MU) Frequently Asked Questions

How has Micron Technology's stock been impacted by Coronavirus (COVID-19)?

Micron Technology's stock was trading at $43.72 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MU stock has increased by 13.2% and is now trading at $49.47.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Micron Technology?

31 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Micron Technology in the last year. There are currently 1 sell rating, 9 hold ratings, 20 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Micron Technology
.

When is Micron Technology's next earnings date?

Micron Technology is scheduled to release its next quarterly earnings announcement on Tuesday, September 29th 2020.
View our earnings forecast for Micron Technology
.

How can I listen to Micron Technology's earnings call?

Micron Technology will be holding an earnings conference call on Tuesday, September 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Micron Technology's earnings last quarter?

Micron Technology, Inc. (NASDAQ:MU) issued its quarterly earnings results on Monday, June, 29th. The semiconductor manufacturer reported $0.82 EPS for the quarter, topping the Zacks' consensus estimate of $0.71 by $0.11. The semiconductor manufacturer had revenue of $5.44 billion for the quarter, compared to analysts' expectations of $5.05 billion. Micron Technology had a return on equity of 6.31% and a net margin of 11.16%. The firm's quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.05 earnings per share.
View Micron Technology's earnings history
.

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

Micron Technology updated its fourth quarter earnings guidance on Monday, June, 29th. The company provided EPS 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.

What price target have analysts set for MU?

31 analysts have issued 12 month price objectives for Micron Technology's shares. Their forecasts range from $35.00 to $100.00. On average, they expect Micron Technology's stock price to reach $62.43 in the next twelve months. This suggests a possible upside of 26.2% from the stock's current price.
View analysts' price targets for Micron Technology
.

Are investors shorting Micron Technology?

Micron Technology saw a increase in short interest in August. As of August 14th, there was short interest totaling 35,800,000 shares, an increase of 13.1% from the July 30th total of 31,640,000 shares. Based on an average daily trading volume, of 21,580,000 shares, the days-to-cover ratio is currently 1.7 days.
View Micron Technology's Short Interest
.

Who are some of Micron Technology's key competitors?

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), Canopy Growth (CGC), Advanced Micro Devices (AMD), CA (CA), Intel (INTC), Endologix (ELGX), Bank of America (BAC) and Tesla (TSLA).

Who are Micron Technology's key executives?

Micron Technology's management team includes the following people:
  • Sanjay Mehrotra, President, Chief Executive Officer & Director
  • Manish Bhatia, Executive Vice President-Global Operations
  • David A. Zinsner, Chief Financial Officer & Senior Vice President
  • Scott J. DeBoer, Executive Vice President-Technology Development
  • Trevor Schulze, Chief Information Officer & Vice President-IT

What is Micron Technology's stock symbol?

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

Who are Micron Technology's major shareholders?

Micron Technology's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.12%), Sanders Capital LLC (2.41%), Bank of New York Mellon Corp (1.22%), Nuveen Asset Management LLC (0.56%), AQR Capital Management LLC (0.51%) and Assenagon Asset Management S.A. (0.48%). 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
.

Which major investors are selling Micron Technology stock?

MU stock was sold by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Viking Global Investors LP, Prudential Financial Inc., Palisade Capital Management LLC NJ, Nuveen Asset Management LLC, Banco Santander S.A., Toronto Dominion Bank, and FIL Ltd. Company insiders that have sold Micron Technology company stock in the last year include April S Arnzen, Joel L Poppen, Patrick J Byrne, Paul Marosvari, and Scott J Deboer.
View insider buying and selling activity for Micron Technology
.

Which major investors are buying Micron Technology stock?

MU stock was acquired by a variety of institutional investors in the last quarter, including Sanders Capital LLC, Mn Services Vermogensbeheer B.V., Bank of Nova Scotia, Coatue Management LLC, DNB Asset Management AS, Two Sigma Advisers LP, ANTIPODES PARTNERS Ltd, and Bank of New York Mellon Corp.
View insider buying and selling activity for Micron Technology
.

How do I buy shares of 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.

What is Micron Technology's stock price today?

One share of MU stock can currently be purchased for approximately $49.47.

How big of a company is Micron Technology?

Micron Technology has a market capitalization of $54.96 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.

What is Micron Technology's official website?

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

How can I contact Micron Technology?

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]

This page was last updated on 9/24/2020 by MarketBeat.com Staff

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