NASDAQ:MUMicron Technology Stock Price, Forecast & News

Micron Technology's stock was trading at $43.72 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, MU stock has increased by 9.6% and is now trading at $47.91. View which stocks have been most impacted by Coronavirus.

29 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Micron Technology in the last year. There are currently 1 sell rating, 5 hold ratings and 23 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Micron Technology.

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

Micron Technology will be holding an earnings conference call on Monday, June 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.

Micron Technology, Inc. (NASDAQ:MU) issued its earnings results on Wednesday, March, 25th. The semiconductor manufacturer reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.37 by $0.08. The semiconductor manufacturer earned $4.80 billion during the quarter, compared to the consensus estimate of $4.69 billion. Micron Technology had a return on equity of 7.16% and a net margin of 11.72%. The firm's quarterly revenue was down 17.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.71 earnings per share. View Micron Technology's earnings history.

Micron Technology issued an update on its third quarter earnings guidance on Wednesday, May, 27th. The company provided earnings per share (EPS) guidance of $0.75-0.80 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.56. The company issued revenue guidance of $5.2-5.4 billion, compared to the consensus revenue estimate of $4.95 billion.

29 brokers have issued 12-month price targets for Micron Technology's stock. Their forecasts range from $35.00 to $100.00. On average, they anticipate Micron Technology's share price to reach $62.33 in the next year. This suggests a possible upside of 30.1% from the stock's current price. View analysts' price targets for Micron Technology.

News articles about MU stock have been trending extremely negative this week, InfoTrie Sentiment reports. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Micron Technology earned a daily sentiment score of -4.0 on InfoTrie's scale. They also assigned news coverage about the semiconductor manufacturer a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the next several days. View the latest news aboutMicron Technology.

Some companies that are related to Micron Technology include Intel (INTC), NVIDIA (NVDA), Broadcom (AVGO), Texas Instruments (TXN), Analog Devices (ADI), Microchip Technology (MCHP), Xilinx (XLNX), Marvell Technology Group (MRVL), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), Cypress Semiconductor (CY), Inphi (IPHI), Cree (CREE) and First Solar (FSLR). View all competitors.

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), CA (CA), Advanced Micro Devices (AMD), Endologix (ELGX), BlackRock (BLK), Intel (INTC) and Chipotle Mexican Grill (CMG).

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

Micron Technology's stock is owned by a variety of retail and institutional investors. Top institutional investors include Primecap Management Co. CA (4.81%), State Street Corp (4.30%), Sanders Capital LLC (2.27%), Wellington Management Group LLP (1.67%), Geode Capital Management LLC (1.52%) and Capital International Investors (1.43%). Company insiders that own Micron Technology stock include April S Arnzen, Joel L Poppen, Michael W Bokan, Patrick J Byrne, Robert E Switz, Scott J Deboer and Steven L Thorsen Jr. View institutional ownership trends for Micron Technology.

MU stock was sold by a variety of institutional investors in the last quarter, including Capital Research Global Investors, AQR Capital Management LLC, Primecap Management Co. CA, APG Asset Management N.V., APG Asset Management N.V., Railway Pension Investments Ltd, Ontario Teachers Pension Plan Board, and AJO LP. Company insiders that have sold Micron Technology company stock in the last year include April S Arnzen, Joel L Poppen, Michael W Bokan, Patrick J Byrne, and Scott J Deboer. View insider buying and selling activity for Micron Technology.

MU stock was acquired by a variety of institutional investors in the last quarter, including Viking Global Investors LP, Sanders Capital LLC, Capital International Investors, Assenagon Asset Management S.A., Menora Mivtachim Holdings LTD., Janus Henderson Group PLC, Himalaya Capital Management LLC, and Pendal Group Ltd. View insider buying and selling activity for 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.

One share of MU stock can currently be purchased for approximately $47.91.

Micron Technology has a market capitalization of $53.29 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.

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

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]