Micron Technology - MU Stock Forecast, Price & News

27 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Micron Technology in the last year. There are currently 2 sell ratings, 3 hold ratings, 21 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.
View analyst ratings for Micron Technology or view top-rated stocks.

27 analysts have issued 12 month price objectives for Micron Technology's shares. Their MU stock forecasts range from $50.00 to $135.00. On average, they expect Micron Technology's share price to reach $87.42 in the next year. This suggests a possible upside of 40.0% from the stock's current price.
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Micron Technology's stock was trading at $93.15 on January 1st, 2022. Since then, MU shares have decreased by 32.9% and is now trading at $62.46.
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Micron Technology saw a increase in short interest during the month of July. As of July 15th, there was short interest totaling 34,040,000 shares, an increase of 16.9% from the June 30th total of 29,110,000 shares. Based on an average daily volume of 18,500,000 shares, the days-to-cover ratio is currently 1.8 days. Approximately 3.1% of the company's shares are short sold.
View Micron Technology's Short Interest.

Micron Technology is scheduled to release its next quarterly earnings announcement on Tuesday, September 27th 2022.
View our earnings forecast for Micron Technology.

Micron Technology, Inc. (NASDAQ:MU) released its quarterly earnings data on Thursday, June, 30th. The semiconductor manufacturer reported $2.50 EPS for the quarter, topping analysts' consensus estimates of $2.33 by $0.17. The semiconductor manufacturer earned $8.64 billion during the quarter, compared to analysts' expectations of $8.66 billion. Micron Technology had a net margin of 30.61% and a trailing twelve-month return on equity of 21.91%. Micron Technology's quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.81 earnings per share.
Read Micron Technology's conference call transcript.

Micron Technology announced a quarterly dividend on Thursday, June 30th. Investors of record on Monday, July 11th will be paid a dividend of $0.115 per share on Tuesday, July 26th. This represents a $0.46 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Friday, July 8th. This is a positive change from Micron Technology's previous quarterly dividend of $0.10.
View Micron Technology's dividend history.

Micron Technology(NASDAQ:MU) pays an annual dividend of $0.46 per share and currently has a dividend yield of 0.74%. Micron Technology has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio of Micron Technology is 5.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Micron Technology will have a dividend payout ratio of 7.78% next year. This indicates that Micron Technology will be able to sustain or increase its dividend.
View Micron Technology's dividend history.

Micron Technology updated its fourth quarter 2022 earnings guidance on Thursday, July, 28th. The company provided earnings per share (EPS) guidance of $1.43-$1.83 for the period, compared to the consensus estimate of $2.62. The company issued revenue guidance of $6.80 billion-$7.60 billion, compared to the consensus revenue estimate of $9.05 billion.

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.

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), 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 many different retail and institutional investors. Top institutional investors include Parnassus Investments LLC (0.70%), Van ECK Associates Corp (0.48%), Sumitomo Mitsui Trust Holdings Inc. (0.32%), Russell Investments Group Ltd. (0.31%), Los Angeles Capital Management LLC (0.31%) and DekaBank Deutsche Girozentrale (0.17%). 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, Patrick J Byrne, Paul Marosvari, Robert P Beard, Sanjay Mehrotra, Scott J Deboer and Sumit Sadana.
View institutional ownership trends for Micron Technology.

Shares of MU stock 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 $62.46.

Micron Technology (NASDAQ:MU) has a market capitalization of $68.90 billion and generates $27.71 billion in revenue each year. The semiconductor manufacturer earns $5.86 billion in net income (profit) each year or $8.77 on an earnings per share basis.

Micron Technology employs 43,000 workers across the globe.

Micron Technology was founded in 1978.

Micron Technology's mailing address is 8000 S FEDERAL WAY, BOISE ID, 83716. The official website for Micron Technology is www.micron.com. The semiconductor manufacturer can be reached via phone at (208) 368-4000, via email at investorrelations@micron.com, or via fax at 208-368-4435.