Micron Technology Stock Forecast, Price & News

$53.65

-1.63 (-2.95%)

(As of 07/1/2022 12:00 AM ET)

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Today's Range: $51.40
▼
$53.96
50-Day Range: $53.65
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$75.37
52-Week Range: $51.40
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$98.45

Volume: 43.68 million shs
Average Volume: 18.22 million shs
Market Capitalization: $59.91 billion

P/E Ratio: 6.12
Dividend Yield: 0.75%
Price Target: $87.42

Micron Technology Stock Forecast (MarketRank)

Analyst Rating: Moderate Buy
2.78 Rating Score
Upside/Downside: 63.0% Upside
$87.42 Price Target
Short Interest: Healthy
2.68% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -1.42
Upright™ Environmental Score
News Sentiment: -0.29
Based on 88 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 18.56%
From $9.00 to $10.67 Per Share

Overall MarketRank^™

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

3.15 out of 5 stars

Computer And Technology Sector

11th out of 936 stocks

Semiconductors & Related Devices Industry

2nd out of 124 stocks

4.4 Analyst's Opinion

Consensus Rating
Micron Technology has received a consensus rating of Moderate Buy. The company's average rating score is 2.81, and is based on 21 buy ratings, 4 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $87.42, Micron Technology has a forecasted upside of 63.0% from its current price of $53.65.
Amount of Analyst Coverage
Micron Technology has been the subject of 21 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0 Short Interest

Percentage of Shares Shorted
2.68% of the float of Micron Technology has been sold short.
Short Interest Ratio / Days to Cover
Micron Technology has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Micron Technology has recently increased by 3.95%, indicating that investor sentiment is decreasing.

1.7 Dividend Strength

Dividend Yield
Micron Technology has a dividend yield of 0.75%, 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 4.56%. 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 3.75% next year. This indicates that Micron Technology will be able to sustain or increase its dividend.

1.0 Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Micron Technology has received a 1.63% net impact score from Upright. Micron Technology seems to create the most significant positive value in categories "Taxes", "Jobs", and "Knowledge infrastructure". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "Memory chips", "Semiconductor devices", and "Flash memory" products. See details.
Environmental Sustainability
The Environmental Impact score for Micron Technology is -1.42.

2.6 News and Social Media Coverage

News Sentiment
Micron Technology has a news sentiment score of -0.29. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.57 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 88 news articles for Micron Technology this week, compared to 12 articles on an average week.
Social Mentions This Week
MarketBeat has tracked 22 reddit mentions for Micron Technology this week, compared to 7 mentions on an average week.
Search Interest
286 people have searched for MU on MarketBeat in the last 30 days. This is an increase of 17% compared to the previous 30 days.
MarketBeat Follows
102 people have added Micron Technology to their MarketBeat watchlist in the last 30 days. This is an increase of 32% compared to the previous 30 days.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Micron Technology insiders have not sold or bought any 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 18.56% in the coming year, from $9.00 to $10.67 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Micron Technology is 6.12, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 59.44.
Price to Earnings Ratio vs. Sector
The P/E ratio of Micron Technology is 6.12, 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 118.02.
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 1.37. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Micron Technology (NASDAQ:MU)

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.

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