Micron Technology Stock Forecast, Price & News

$80.64
-0.22 (-0.27 %)
(As of 08/4/2021 10:30 AM ET)
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Today's Range
$79.55
$80.98
50-Day Range
$74.22
$84.98
52-Week Range
$42.25
$96.96
Volume505,735 shs
Average Volume16.96 million shs
Market Capitalization$90.78 billion
P/E Ratio22.21
Dividend YieldN/A
Beta1.26
30 days | 90 days | 365 days | Advanced Chart
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Micron Technology logo

About Micron Technology

Micron Technology, Inc. engages in the provision of innovative memory and storage solutions. It operates through the following segments: Compute and Networking Business Unit (CNBU); Mobile Business Unit (MBU); Storage Business Unit (SBU); and Embedded Business Unit (EBU). The Compute and Networking Business Unit segment includes memory products sold into cloud server, enterprise, client, graphics, and networking markets. The Mobile Business Unit segment offers memory products sold into smartphone, and other mobile-device markets. The Storage Business Unit segment comprises of SSDs and component-level solutions sold into enterprise and cloud, client, and consumer solid-state drive (SSD) markets, other discrete storage products sold in component and wafer forms to the removable storage markets, and sales of 3D XPoint memory. The Embedded Business Unit segment consists of memory and storage products sold into automotive, industrial, and consumer markets. The company was founded by Ward D. Parkinson, Joseph L. Parkinson, Dennis Wilson, and Doug Pitman 0n October 5, 1978 and is headquartered in Boise, ID.

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MarketRank

Overall MarketRank

2.89 out of 5 stars

Computer And Technology Sector

27th out of 844 stocks

Semiconductors & Related Devices Industry

5th out of 112 stocks

Analyst Opinion: 4.4Community Rank: 5.0Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 2.5 5 -4 -3 -2 -1 -
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Micron Technology (NASDAQ:MU) Frequently Asked Questions

Is Micron Technology a buy right now?

30 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Micron Technology in the last twelve months. There are currently 5 hold ratings, 24 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Micron Technology stock.
View analyst ratings for Micron Technology
or view top-rated stocks.

What stocks does MarketBeat like better than Micron Technology?

Wall Street analysts have given Micron Technology a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Micron Technology wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Micron Technology's next earnings date?

Micron Technology is scheduled to release its next quarterly earnings announcement on Tuesday, October 5th 2021.
View our earnings forecast for Micron Technology
.

How were Micron Technology's earnings last quarter?

Micron Technology, Inc. (NASDAQ:MU) issued its quarterly earnings results on Tuesday, June, 29th. The semiconductor manufacturer reported $1.88 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.71 by $0.17. The semiconductor manufacturer had revenue of $7.42 billion for the quarter, compared to analysts' expectations of $7.26 billion. Micron Technology had a trailing twelve-month return on equity of 12.60% and a net margin of 16.20%. The firm's quarterly revenue was up 36.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.82 EPS.
View Micron Technology's earnings history
.

How has Micron Technology's stock been impacted by COVID-19?

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 shares have increased by 83.4% and is now trading at $80.18.
View which stocks have been most impacted by COVID-19
.

How often does Micron Technology pay dividends? What is the dividend yield for Micron Technology?

Micron Technology announced a quarterly dividend on Monday, August 2nd. Shareholders of record on Friday, October 1st will be paid a dividend of $0.10 per share on Monday, October 18th. This represents a $0.40 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date is Thursday, September 30th.
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 2021 earnings guidance on Wednesday, July, 28th. The company provided EPS guidance of $2.200-$2.400 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.180. The company issued revenue guidance of $8 billion-$8.40 billion, compared to the consensus revenue estimate of $7.86 billion.

What price target have analysts set for MU?

30 equities research analysts have issued twelve-month target prices for Micron Technology's shares. Their forecasts range from $67.00 to $150.00. On average, they anticipate Micron Technology's stock price to reach $114.31 in the next twelve months. This suggests a possible upside of 42.6% from the stock's current price.
View analysts' price targets for Micron Technology
or view top-rated stocks among Wall Street analysts.

Who are Micron Technology's key executives?

Micron Technology's management team includes the following people:

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.

Who are some of Micron Technology's key competitors?

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."

Who are Micron Technology's major shareholders?

Micron Technology's stock is owned by many different retail and institutional investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.35%), Russell Investments Group Ltd. (0.31%), New York State Common Retirement Fund (0.22%), Alliancebernstein L.P. (0.16%), Victory Capital Management Inc. (0.15%) and Manning & Napier Group LLC (0.12%). 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, Patrick J Byrne, Paul Marosvari, Scott J Deboer and Sumit Sadana.
View institutional ownership trends for Micron Technology
.

Which institutional investors are selling Micron Technology stock?

MU stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Alliancebernstein L.P., Sumitomo Mitsui Trust Holdings Inc., Aptus Capital Advisors LLC, Oregon Public Employees Retirement Fund, DAVENPORT & Co LLC, Handelsbanken Fonder AB, and Zweig DiMenna Associates LLC. 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, Scott J Deboer, and Sumit Sadana.
View insider buying and selling activity for Micron Technology
or view top insider-selling stocks.

Which institutional investors are buying Micron Technology stock?

MU stock was purchased by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Cutler Group LP, NZS Capital LLC, Yong Rong HK Asset Management Ltd, State of Alaska Department of Revenue, Migdal Insurance & Financial Holdings Ltd., Mizuho Markets Cayman LP, and New York State Common Retirement Fund.
View insider buying and selling activity for Micron Technology
or or view top insider-buying stocks.

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 $80.18.

How much money does Micron Technology make?

Micron Technology has a market capitalization of $90.26 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.

How many employees does Micron Technology have?

Micron Technology employs 40,000 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 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.

When was Micron Technology founded?

Micron Technology was founded in 1978.

What is Micron Technology's official website?

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

Where are Micron Technology's headquarters?

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

How can I contact Micron Technology?

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]


This page was last updated on 8/4/2021 by MarketBeat.com Staff
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