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MU   68.90 (-0.72%)
T   20.40 (+0.94%)
GE   75.25 (-0.65%)
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CGC   5.52 (-5.96%)
MU   68.90 (-0.72%)
T   20.40 (+0.94%)
GE   75.25 (-0.65%)
F   12.50 (-2.72%)
DIS   102.42 (-0.70%)
AMC   12.03 (-8.03%)
PFE   52.47 (+3.59%)
PYPL   80.54 (-0.91%)
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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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Compare
Today's Range
$66.11
$70.68
50-Day Range
$66.47
$82.05
52-Week Range
$65.67
$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
30 days | 90 days | 365 days | Advanced Chart
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Micron Technology logo

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.

Headlines

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Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Semiconductors
CUSIP
59511210
Employees
43,000
Year Founded
1978

Sales & Book Value

Annual Sales
$27.71 billion
Cash Flow
$11.11 per share
Book Value
$39.03 per share

Profitability

Net Income
$5.86 billion
Pretax Margin
31.35%

Debt

Price-To-Earnings

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

Social Links


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

Analyst Opinion: 4.5Community Rank: 5.0Dividend Strength: 1.7Insider Behavior: 2.5Valuation: 4.4 5 -4 -3 -2 -1 -













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.

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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