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. Since then, MU shares have increased by 13.7% and is now trading at $49.71. View which stocks have been most impacted by Coronavirus.

31 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Micron Technology in the last year. There are currently 1 sell rating, 10 hold ratings, 19 buy ratings and 1 strong buy rating 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 Thursday, September 24th 2020. View our earnings forecast for Micron Technology.

Micron Technology, Inc. (NASDAQ:MU) released its quarterly earnings results on Monday, June, 29th. The semiconductor manufacturer reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.11. The semiconductor manufacturer earned $5.44 billion during the quarter, compared to analysts' expectations of $5.05 billion. Micron Technology had a net margin of 11.16% and a return on equity of 6.31%. The business's revenue was up 13.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.05 earnings per share. View Micron Technology's earnings history.

Micron Technology issued an update on its fourth quarter earnings guidance on Monday, June, 29th. The company provided earnings per share guidance of $0.95-1.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.80. The company issued revenue guidance of $5.75-6.25 billion, compared to the consensus revenue estimate of $5.51 billion.

31 brokerages have issued 1 year price targets for Micron Technology's stock. Their forecasts range from $35.00 to $100.00. On average, they expect Micron Technology's share price to reach $63.93 in the next twelve months. This suggests a possible upside of 28.6% from the stock's current price. View analysts' price targets for Micron Technology.

News coverage about MU stock has been trending somewhat positive recently, InfoTrie reports. The research group identifies positive and negative news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Micron Technology earned a news impact score of 2.0 on InfoTrie's scale. They also gave news stories about the semiconductor manufacturer a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the next several days. View the latest news about Micron Technology.

Some companies that are related to Micron Technology include NVIDIA (NVDA), Intel (INTC), Broadcom (AVGO), Texas Instruments (TXN), Analog Devices (ADI), Marvell Technology Group (MRVL), Microchip Technology (MCHP), Xilinx (XLNX), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), Cree (CREE), First Solar (FSLR), Inphi (IPHI) and Silicon Laboratories (SLAB). 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 number of institutional and retail investors. Top institutional shareholders include Manning & Napier Group LLC (0.35%), DNB Asset Management AS (0.21%), Envestnet Asset Management Inc. (0.05%), Hexavest Inc. (0.04%), State of Alaska Department of Revenue (0.03%) and Veracity Capital LLC (0.01%). Company insiders that own Micron Technology stock include April S Arnzen, Joel L Poppen, Michael W Bokan, Patrick J Byrne, 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 Hexavest Inc., State of Alaska Department of Revenue, IFM Investors Pty Ltd, Patton Fund Management Inc., Municipal Employees Retirement System of Michigan, Eidelman Virant Capital, Alpha Windward LLC, and Wiley BROS. Aintree Capital LLC. 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 purchased by a variety of institutional investors in the last quarter, including DNB Asset Management AS, Veracity Capital LLC, Envestnet Asset Management Inc., Contravisory Investment Management Inc., Manning & Napier Group LLC, NuWave Investment Management LLC, Livforsakringsbolaget Skandia Omsesidigt, and Harel Insurance Investments & Financial Services 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 $49.71.

Micron Technology has a market capitalization of $55.23 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]