NASDAQ:MUMicron Technology Stock Price, Forecast & News

Micron Technology's stock was trading at $43.72 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MU shares have increased by 0.9% and is now trading at $44.13. View which stocks have been most impacted by Coronavirus.

28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Micron Technology in the last year. There are currently 1 sell rating, 4 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 Tuesday, June 23rd 2020. View our earnings forecast for Micron Technology.

Micron Technology, Inc. (NASDAQ:MU) issued its quarterly earnings data on Wednesday, March, 25th. The semiconductor manufacturer reported $0.45 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.37 by $0.08. The semiconductor manufacturer had revenue of $4.80 billion for the quarter, compared to analysts' expectations of $4.69 billion. Micron Technology had a return on equity of 7.16% and a net margin of 11.72%. The firm's revenue for the quarter was down 17.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.71 EPS. View Micron Technology's earnings history.

Micron Technology updated its third quarter earnings guidance on Wednesday, March, 25th. The company provided earnings per share (EPS) guidance of $0.40-$0.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.54. The company issued revenue guidance of $4.6-$5.2 billion, compared to the consensus revenue estimate of $4.88 billion.

28 brokerages have issued 12 month price targets for Micron Technology's shares. Their forecasts range from $35.00 to $100.00. On average, they expect Micron Technology's share price to reach $61.13 in the next year. This suggests a possible upside of 38.5% from the stock's current price. View analysts' price targets for Micron Technology.

News coverage about MU stock has been trending somewhat negative on Wednesday, according to InfoTrie. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Micron Technology earned a news sentiment score of -1.0 on InfoTrie's scale. They also gave news articles about the semiconductor manufacturer a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the next few 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), Xilinx (XLNX), Microchip Technology (MCHP), 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 number of retail and institutional investors. Top institutional shareholders include Primecap Management Co. CA (4.81%), State Street Corp (4.30%), Wellington Management Group LLP (1.67%), Geode Capital Management LLC (1.52%), Capital International Investors (1.43%) and Bank of New York Mellon Corp (1.16%). 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 purchased by a variety of institutional investors in the last quarter, including Viking Global Investors LP, Capital International Investors, Assenagon Asset Management S.A., Menora Mivtachim Holdings LTD., Janus Henderson Group PLC, Himalaya Capital Management LLC, Pendal Group Ltd, and Matrix Capital Management Company LP. 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 $44.13.

Micron Technology has a market capitalization of $49.08 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]