Micron Technology Stock Forecast, Price & News

35 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Micron Technology in the last year. There are currently 1 sell rating, 5 hold ratings, 28 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" Micron Technology stock.
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Micron Technology saw a increase in short interest during the month of April. As of April 15th, there was short interest totaling 31,780,000 shares, an increase of 38.8% from the March 31st total of 22,900,000 shares. Based on an average daily trading volume, of 19,940,000 shares, the short-interest ratio is currently 1.6 days.
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Micron Technology is scheduled to release its next quarterly earnings announcement on Monday, July 5th 2021.
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Micron Technology, Inc. (NASDAQ:MU) released its quarterly earnings data on Tuesday, March, 30th. The semiconductor manufacturer reported $0.98 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.95 by $0.03. The semiconductor manufacturer had revenue of $6.24 billion for the quarter, compared to analysts' expectations of $6.23 billion. Micron Technology had a trailing twelve-month return on equity of 8.46% and a net margin of 13.59%. During the same period in the prior year, the business earned $0.45 EPS.
View Micron Technology's earnings history.

Micron Technology's stock was trading at $43.72 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MU stock has increased by 96.7% and is now trading at $85.98.
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Micron Technology issued an update on its third quarter 2021 earnings guidance on Tuesday, April, 27th. The company provided earnings per share (EPS) guidance of 1.550-1.690 for the period, compared to the Thomson Reuters consensus estimate of $1.320. The company issued revenue guidance of $6.90 billion-$7.30 billion, compared to the consensus revenue estimate of $6.79 billion.

35 equities research analysts have issued twelve-month price objectives for Micron Technology's shares. Their forecasts range from $51.00 to $150.00. On average, they expect Micron Technology's stock price to reach $107.88 in the next year. This suggests a possible upside of 25.5% from the stock's current price.
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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.

Some companies that are related to Micron Technology include NVIDIA (NVDA), Intel (INTC), Broadcom (AVGO), Texas Instruments (TXN), Analog Devices (ADI), Microchip Technology (MCHP), Marvell Technology Group (MRVL), Xilinx (XLNX), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), Cree (CREE), First Solar (FSLR), Lattice Semiconductor (LSCC) 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), (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 number of institutional and retail investors. Top institutional investors include Sanders Capital LLC (3.00%), Parnassus Investments CA (0.91%), Swiss National Bank (0.38%), Sumitomo Mitsui Trust Holdings Inc. (0.38%), Alliancebernstein L.P. (0.20%) and Strs Ohio (0.19%). Company insiders that own Micron Technology stock include April S Arnzen, David Zinsner, Joel L Poppen, Manish H Bhatia, 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 Parnassus Investments CA, Manning & Napier Group LLC, Wedge Capital Management L L P NC, Rhumbline Advisers, Alliancebernstein L.P., The Manufacturers Life Insurance Company , Bank of Nova Scotia, and ZWJ Investment Counsel Inc.. 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, Paul Marosvari, and Scott J Deboer.
View insider buying and selling activity for Micron Technology or view top insider-selling stocks.

MU stock was bought by a variety of institutional investors in the last quarter, including DnB Asset Management AS, DekaBank Deutsche Girozentrale, Sumitomo Mitsui Trust Holdings Inc., WT Asset Management Ltd, Sanders Capital LLC, Adams Diversified Equity Fund Inc., Standard Life Aberdeen plc, and The PNC Financial Services Group Inc..
View insider buying and selling activity for Micron Technology or or view top insider-buying stocks.

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.
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One share of MU stock can currently be purchased for approximately $85.98.

Micron Technology has a market capitalization of $96.42 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 40,000 workers across the globe.

The following companies are subsidiares of Micron Technology: Convey Computer, DisplayTech, Elpida Memory, Fwdnxt, IM Flash, Inotera, Lexar, Micron Asia Pacific LLC, Micron International LLC, Micron Memory Japan G.K., 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 Finance LLC, Micron Technology Taiwan Inc., Micron Technology Utah LLC, NetFRAME Systems, Numonyx, Photobit Corp., Pico Computing, Rendition Inc., Rexchip Electronics, TiDAL Systems, and VirtenSys.

Micron Technology was founded in 1978.

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

Micron Technology is headquartered at 8000 S FEDERAL WAY, BOISE ID, 83716.

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]