NASDAQ:MU

Micron Technology (MU) Stock Forecast, Price & News

$68.90

-0.50 (-0.72%)

(As of 05/20/2022 04:00 PM ET)

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Today's Range: $66.11
▼
$70.68
50-Day Range: $66.47
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$82.05
52-Week Range: $65.67
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$98.45

Volume: 20.30 million shs
Average Volume: 22.18 million shs
Market Capitalization: $76.94 billion

P/E Ratio: 8.67
Dividend Yield: 0.58%
Beta: 1.18

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About Micron Technology

Micron Technology, Inc. designs, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded Business Unit. It provides memory and storage technologies comprises DRAM products, which are dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; NAND products that are non-volatile and re-writeable semiconductor storage devices; and NOR memory products, which are non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels. The company offers memory products for the cloud server, enterprise, client, graphics, and networking markets, as well as for smartphone and other mobile-device markets; SSDs and component-level solutions for the enterprise and cloud, client, and consumer storage markets; other discrete storage products in component and wafers; and memory and storage products for the automotive, industrial, and consumer markets. It markets its products through its direct sales force, independent sales representatives, distributors, and retailers; and web-based customer direct sales channel, as well as through channel and distribution partners. Micron Technology, Inc. was founded in 1978 and is headquartered in Boise, Idaho.

April 28, 2022 | marketbeat.com

Micron Technology is sued for alleged patent infringement

Bell Semiconductor has filed a patent infringement lawsuit against computer chipmaker Micron Technology

May 20, 2022 | finance.yahoo.com

In rare Austin-area semiconductor setback, Round Rock declines Chapter 313 application from supplier

May 20, 2022 | americanbankingnews.com

Short Interest in Micron Technology, Inc. (NASDAQ:MU) Increases By 21.3%

May 19, 2022 | finance.yahoo.com

Micron Technology, Inc. (MU) Is a Trending Stock: Facts to Know Before Betting on It

May 18, 2022 | americanbankingnews.com

Micron Technology (NASDAQ:MU) Rating Reiterated by Susquehanna

May 17, 2022 | finance.yahoo.com

Top Research Reports for Microsoft, Micron Technology & UBS

May 16, 2022 | finance.yahoo.com

Chevron, Micron and 18 More Stocks Goldman Recommends to Ride Out the Storm

May 16, 2022 | finance.yahoo.com

There’s an Opportunity Brewing in Micron Stock

May 16, 2022 | finance.yahoo.com

Mohnish Pabrai's Firm Flattens Seritage Growth Properties Stake

May 16, 2022 | forbes.com

Micron, MetLife And 3 Other Passive Stocks That May Spring To Life

May 13, 2022 | investing.com

Micron Stock is a 'Steal', Says Analyst After Attending Investor Day

May 13, 2022 | seekingalpha.com

Micron analyst day highlights margin strength, revenue growth, Citi says

May 13, 2022 | finance.yahoo.com

Micron Technology Could Sink Even Further in the Weeks Ahead

See More Headlines

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Semiconductors & related devices
Sub-Industry: Semiconductors
Sector: Computer and Technology
Current Symbol: NASDAQ:MU
Previous Symbol
CUSIP: 59511210
CIK: 723125
Web: www.micron.com
Phone: (208) 368-4000
Fax: 208-368-4435
Employees: 43,000
Year Founded: 1978

Sales & Book Value

Annual Sales: $27.71 billion
Price / Sales: 2.78
Cash Flow: $11.11 per share
Price / Cash Flow: 6.20
Book Value: $39.03 per share
Price / Book: 1.77

Profitability

EPS (Most Recent Fiscal Year): $7.95
Net Income: $5.86 billion
Net Margins: 28.95%
Pretax Margin: 31.35%
Return on Equity: 21.15%
Return on Assets: 15.87%

Debt

Debt-to-Equity Ratio: 0.15
Current Ratio: 3.11
Quick Ratio: 2.33

Price-To-Earnings

Trailing P/E Ratio: 8.67
Forward P/E Ratio: 7.53
P/E Growth: 0.24

Miscellaneous

Outstanding Shares: 1,116,667,000
Free Float: 1,113,094,000
Market Cap: $76.94 billion
Optionable: Optionable

Company Calendar

Last Earnings: 3/29/2022
Ex-Dividend for 4/26 Dividend: 4/08/2022
Dividend Payable: 4/26/2022
Today: 5/20/2022
Next Earnings (Estimated): 6/29/2022
Fiscal Year End: 8/31/2022

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MarketRank^™

Overall MarketRank^™

3.60 out of 5 stars

Computer And Technology Sector

5th out of 924 stocks

Semiconductors & Related Devices Industry

2nd out of 124 stocks

4.5 Analyst's Opinion

Consensus Rating
Micron Technology has received a consensus rating of Buy. The company's average rating score is 2.92, and is based on 22 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $113.88, Micron Technology has a forecasted upside of 65.3% from its current price of $68.90.
Amount of Analyst Coverage
Micron Technology has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

5.0 Community Rank

Outperform Votes
Micron Technology has received 3,515 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Micron Technology has received 778 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Micron Technology has received 81.88% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Micron Technology and other stocks. Vote “Outperform” if you believe MU will outperform the S&P 500 over the long term. Vote “Underperform” if you believe MU will underperform the S&P 500 over the long term. You may vote once every thirty days.

1.7 Dividend Strength

Dividend Yield
Micron Technology has a dividend yield of 0.58%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Micron Technology has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Micron Technology is 5.03%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Micron Technology will have a dividend payout ratio of 3.56% next year. This indicates that Micron Technology will be able to sustain or increase its dividend.

2.5 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Micron Technology insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $425,600.00 in company stock.
Percentage Held by Insiders
Only 0.32% of the stock of Micron Technology is held by insiders.
Percentage Held by Institutions
80.35% of the stock of Micron Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

4.4 Earnings and Valuation

Earnings Growth
Earnings for Micron Technology are expected to grow by 22.95% in the coming year, from $9.15 to $11.25 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Micron Technology is 8.67, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 9.70.
Price to Earnings Ratio vs. Sector
The P/E ratio of Micron Technology is 8.67, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 23.02.
Price to Earnings Growth Ratio
Micron Technology has a PEG Ratio of 0.24. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Micron Technology has a P/B Ratio of 1.77. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Micron Technology (NASDAQ:MU) Frequently Asked Questions

Is Micron Technology a buy right now?: 26 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Micron Technology in the last twelve months. There are currently 3 hold ratings, 22 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Micron Technology stock.
View analyst ratings for Micron Technology or view top-rated stocks.
Are investors shorting Micron Technology?: Micron Technology saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 25,780,000 shares, an increase of 21.3% from the April 15th total of 21,250,000 shares. Based on an average daily trading volume, of 23,000,000 shares, the short-interest ratio is presently 1.1 days. Approximately 2.3% of the company's stock are sold short.
View Micron Technology's Short Interest.
When is Micron Technology's next earnings date?: Micron Technology is scheduled to release its next quarterly earnings announcement on Wednesday, June 29th 2022.
View our earnings forecast for Micron Technology.
How were Micron Technology's earnings last quarter?: Micron Technology, Inc. (NASDAQ:MU) posted its quarterly earnings data on Tuesday, March, 29th. The semiconductor manufacturer reported $2.05 earnings per share for the quarter, topping analysts' consensus estimates of $1.85 by $0.20. The semiconductor manufacturer earned $7.79 billion during the quarter, compared to analysts' expectations of $7.53 billion. Micron Technology had a net margin of 28.95% and a trailing twelve-month return on equity of 21.15%. Micron Technology's revenue was up 25.6% on a year-over-year basis. During the same period last year, the business posted $0.90 EPS.
View Micron Technology's earnings history.
How often does Micron Technology pay dividends? What is the dividend yield for Micron Technology?: Micron Technology declared a quarterly dividend on Tuesday, March 29th. Stockholders of record on Monday, April 11th will be paid a dividend of $0.10 per share on Tuesday, April 26th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date is Friday, April 8th.
View Micron Technology's dividend history.
Is Micron Technology a good dividend stock?: Micron Technology pays an annual dividend of $0.40 per share and currently has a dividend yield of 0.58%. Micron Technology does not yet have a strong track record of dividend growth. The dividend payout ratio of Micron Technology is 5.03%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Micron Technology will have a dividend payout ratio of 3.56% next year. This indicates that Micron Technology will be able to sustain or increase its dividend.
View Micron Technology's dividend history.
What guidance has Micron Technology issued on next quarter's earnings?: Micron Technology updated its third quarter 2022 earnings guidance on Tuesday, April, 26th. The company provided EPS guidance of $2.360-$2.560 for the period, compared to the consensus EPS estimate of $2.210. The company issued revenue guidance of $8.50 billion-$8.90 billion, compared to the consensus revenue estimate of $8.06 billion.
What price target have analysts set for MU?: 26 Wall Street analysts have issued 12 month price targets for Micron Technology's stock. Their forecasts range from $70.00 to $165.00. On average, they anticipate Micron Technology's stock price to reach $113.88 in the next twelve months. This suggests a possible upside of 65.3% from the stock's current price.
View analysts' price targets for Micron Technology or view top-rated stocks among Wall Street analysts.
Who are Micron Technology's key executives?: Micron Technology's management team includes the following people:
Mr. Sanjay Mehrotra, CEO, Pres & Director (Age 63, Pay $6.82M) (LinkedIn Profile)
Mr. Manish H. Bhatia, Exec. VP of Global Operations (Age 50, Pay $2.55M) (LinkedIn Profile)
Dr. Scott J. DeBoer, Exec. VP of Technology & Products (Age 56, Pay $1.67M)
Mr. Sumit Sadana, Exec. VP & Chief Bus. Officer (Age 53, Pay $2.22M) (LinkedIn Profile)
Mr. Mark J. Murphy, Exec. VP & CFO (Age 54)
Mr. Scott R. Allen, Corp. VP & Chief Accounting Officer (Age 54)
Mr. Trevor Stanley Schultz M.A. (ECON), Chief Information Officer & VP of Information Systems (Age 80)
Mr. Farhan Ahmad, Sr. Director of Investor Relations
Mr. Rob Beard, Sr. VP, Gen. Counsel & Corp. Sec.
Ms. Courtney C. Geduldig J.D., Corp. VP of Public Affairs (Age 46)
What is Sanjay Mehrotra's approval rating as Micron Technology's CEO?: 669 employees have rated Micron Technology CEO Sanjay Mehrotra on Glassdoor.com. Sanjay Mehrotra has an approval rating of 79% among Micron Technology's employees.
Who are some of Micron Technology's key competitors?: Some companies that are related to Micron Technology include NVIDIA (NVDA), Broadcom (AVGO), Intel (INTC), Texas Instruments (TXN), Analog Devices (ADI), Marvell Technology (MRVL), Microchip Technology (MCHP), Monolithic Power Systems (MPWR), Skyworks Solutions (SWKS), First Solar (FSLR), Lattice Semiconductor (LSCC), Silicon Laboratories (SLAB), Power Integrations (POWI), Cirrus Logic (CRUS) and Altair Engineering (ALTR).
View all of MU's 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), (CGC), Advanced Micro Devices (AMD), CA (CA), Intel (INTC), Endologix (ELGX), Tesla (TSLA) and Bank of America (BAC).
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 many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.11%), State Street Corp (4.17%), Sanders Capital LLC (3.75%), Primecap Management Co. CA (3.66%), Capital World Investors (3.16%) and Capital Research Global Investors (2.97%). Company insiders that own Micron Technology stock include April S Arnzen, April S Arnzen, David Zinsner, Joel L Poppen, Joel L Poppen, Manish H Bhatia, Michael W Bokan, Paul Marosvari, Robert P Beard, Sanjay Mehrotra, Scott J Deboer and Sumit Sadana.
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 UBS Group AG, SG Americas Securities LLC, Goldman Sachs Group Inc., Capitolis Advisors LLC, Canada Pension Plan Investment Board, Royal Bank of Canada, Nomura Holdings Inc., and DNB Asset Management AS. Company insiders that have sold Micron Technology company stock in the last year include April S Arnzen, David Zinsner, Joel L Poppen, Manish H Bhatia, Michael W Bokan, Robert P Beard, Sanjay Mehrotra, Scott J Deboer, and Sumit Sadana.
View insider buying and selling activity for Micron Technology or view top insider-selling stocks.
Which major investors are buying Micron Technology stock?: MU stock was bought by a variety of institutional investors in the last quarter, including Capital World Investors, Capital Research Global Investors, Los Angeles Capital Management LLC, Jane Street Group LLC, Parnassus Investments LLC, Capital International Investors, Vanguard Group Inc., and Prudential Financial Inc..
View insider buying and selling activity for Micron Technology or or view top insider-buying stocks.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Micron Technology's stock price today?: One share of MU stock can currently be purchased for approximately $68.90.
How much money does Micron Technology make?: Micron Technology has a market capitalization of $76.94 billion and generates $27.71 billion in revenue each year. The semiconductor manufacturer earns $5.86 billion in net income (profit) each year or $7.95 on an earnings per share basis.
How many employees does Micron Technology have?: Micron Technology employs 43,000 workers across the globe.
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.
When was Micron Technology founded?: Micron Technology was founded in 1978.
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, via email at [email protected], or via fax at 208-368-4435.

This page was last updated on 5/20/2022 by MarketBeat.com Staff

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Micron Technology (MU) Stock Forecast, Price & News

About Micron Technology

Headlines

Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous

Company Calendar

Social Links

MarketRank™

Overall MarketRank™

4.5 Analyst's Opinion

5.0 Community Rank

Outperform Votes

Underperform Votes

Community Sentiment

1.7 Dividend Strength

2.5 Company Ownership

4.4 Earnings and Valuation

Micron Technology (NASDAQ:MU) Frequently Asked Questions

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