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S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13

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
$75.37
52-Week Range
$51.40
$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
-0.29mentions of Micron Technology in the last 14 days
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

30 days | 90 days | 365 days | Advanced Chart

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Micron Technology logo

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.

MU Stock News Headlines

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Analyzing Micron's Prospects After Earnings
Micron Earnings: It's All Over! Or Is It?
See More Headlines

Industry, Sector and Symbol

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

Company Calendar

Ex-Dividend for 4/26 Dividend
4/08/2022
Dividend Payable
4/26/2022
Last Earnings
6/30/2022
Today
7/03/2022
Ex-Dividend for 7/26 Dividend
7/08/2022
Dividend Payable
7/26/2022
Fiscal Year End
8/31/2022
Next Earnings (Estimated)
9/27/2022

Price Target and Rating

Average Stock Price Forecast
$87.42
High Stock Price Forecast
$135.00
Low Stock Price Forecast
$50.00
Forecasted Upside/Downside
+63.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.77777777777778
Research Coverage
27 Analysts

Profitability

Net Income
$5.86 billion
Pretax Margin
31.35%

Debt

Sales & Book Value

Annual Sales
$27.71 billion
Cash Flow
$11.46 per share
Book Value
$39.03 per share

Miscellaneous

Outstanding Shares
1,116,670,000
Free Float
1,113,094,000
Market Cap
$59.91 billion
Optionable
Optionable
Beta
1.28

Social Links















Micron Technology Frequently Asked Questions

Should I buy or sell Micron Technology stock right now?

27 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Micron Technology in the last twelve months. There are currently 1 sell rating, 4 hold ratings, 21 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" Micron Technology stock.
View analyst ratings for Micron Technology
or view top-rated stocks.

What is Micron Technology's stock price forecast for 2022?

27 analysts have issued 1 year target prices for Micron Technology's shares. Their MU stock forecasts range from $50.00 to $135.00. On average, they anticipate Micron Technology's stock price to reach $87.42 in the next twelve months. This suggests a possible upside of 63.0% from the stock's current price.
View analysts' price targets for Micron Technology
or view top-rated stocks among Wall Street analysts.

How has Micron Technology's stock price performed in 2022?

Micron Technology's stock was trading at $93.15 at the beginning of the year. Since then, MU stock has decreased by 42.4% and is now trading at $53.65.
View the best growth stocks for 2022 here
.

When is Micron Technology's next earnings date?

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

How were Micron Technology's earnings last quarter?

Micron Technology, Inc. (NASDAQ:MU) released its earnings results on Thursday, June, 30th. The semiconductor manufacturer reported $2.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.34 by $0.25. The semiconductor manufacturer earned $8.64 billion during the quarter, compared to analyst estimates of $8.66 billion. Micron Technology had a net margin of 30.61% and a trailing twelve-month return on equity of 22.31%. The firm's revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.81 earnings per share.
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 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 annualized dividend and a yield of 0.86%. The ex-dividend date is Friday, July 8th. This is a boost from Micron Technology's previous quarterly dividend of $0.10.
View Micron Technology's dividend history
.

Is Micron Technology a good dividend stock?

Micron Technology(NASDAQ:MU) pays an annual dividend of $0.40 per share and currently has a dividend yield of 0.75%. Micron Technology does not yet have a strong track record of dividend growth. The dividend payout ratio of Micron Technology is 4.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Micron Technology will have a dividend payout ratio of 3.75% 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 issued an update on its fourth quarter earnings guidance on Thursday, June, 30th. The company provided EPS guidance of $1.43-$1.83 for the period, compared to the consensus estimate of $2.60. The company issued revenue guidance of $6.8-$7.6 billion, compared to the consensus revenue estimate of $9.17 billion.

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."

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 $53.65.

How much money does Micron Technology make?

Micron Technology (NASDAQ:MU) has a market capitalization of $59.91 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.

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.
Read More

When was Micron Technology founded?

Micron Technology was founded in 1978.

How can I contact Micron Technology?

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.

This page (NASDAQ:MU) was last updated on 7/3/2022 by MarketBeat.com Staff

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