NASDAQ:MU

Micron Technology - MU Stock Forecast, Price & News

$54.73

+0.77 (+1.43%)

(As of 10/5/2022 12:00 AM ET)

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Today's Range: $52.17
▼
$55.20
50-Day Range: $48.88
▼
$65.04
52-Week Range: $48.45
▼
$98.45

Volume: 20.37 million shs
Average Volume: 19.99 million shs
Market Capitalization: $60.38 billion

P/E Ratio: 7.08
Dividend Yield: 0.85%
Price Target: $71.61

Micron Technology MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.72 Rating Score
Upside/Downside: 30.8% Upside
$71.57 Price Target
Short Interest: Healthy
2.97% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -1.42
Upright™ Environmental Score
News Sentiment: -0.06
Based on 94 Articles This Week
Insider Trading: Selling Shares
$1.06 M Sold Last Quarter
Proj. Earnings Growth: 27.62%
From $2.86 to $3.65 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.08 out of 5 stars

Computer And Technology Sector

41st out of 631 stocks

Semiconductors & Related Devices Industry

9th out of 93 stocks

4.4

Analyst's Opinion

Consensus Rating
Micron Technology has received a consensus rating of Buy. The company's average rating score is 2.72, and is based on 23 buy ratings, 4 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $71.57, Micron Technology has a forecasted upside of 30.8% from its current price of $54.73.
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
2.97% 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 1.9, 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 2.10%, indicating that investor sentiment is decreasing.

1.7

Dividend Strength

Dividend Yield
Micron Technology has a dividend yield of 0.85%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Micron Technology has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of Micron Technology is 5.95%. 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 12.60% next year. This indicates that Micron Technology will be able to sustain or increase its dividend.

2.1

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.

2.2

News and Social Media Coverage

News Sentiment
Micron Technology has a news sentiment score of -0.06. 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 0.58 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 94 news articles for Micron Technology this week, compared to 15 articles on an average week.
Search Interest
217 people have searched for MU on MarketBeat in the last 30 days. This is an increase of 34% compared to the previous 30 days.
MarketBeat Follows
86 people have added Micron Technology to their MarketBeat watchlist in the last 30 days. This is an increase of 37% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Micron Technology insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,059,412.00 in company stock.
Percentage Held by Insiders
Only 0.32% of the stock of Micron Technology is held by insiders.
Percentage Held by Institutions
79.66% of the stock of Micron Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Micron Technology are expected to grow by 27.62% in the coming year, from $2.86 to $3.65 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Micron Technology is 7.08, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.03.
Price to Earnings Ratio vs. Sector
The P/E ratio of Micron Technology is 7.08, 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 384.21.
Price to Earnings Growth Ratio
Micron Technology has a PEG Ratio of 4.69. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Micron Technology has a P/B Ratio of 1.21. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Micron Technology (NASDAQ:MU) Stock

Micron Technology, Inc. was founded in 1978 by four friends in the basement of a dentist's office. The company was focused on making DRAM memory chips and began work on its first fabrication plant in 1981. Micron Technology came out with its first product a few years later and made history with the world's smallest DRAM microchip. By 1994 the company had earned a spot on the Fortune 500 and soon grew to be a leader in the microchip industry. Micron Technology went public in 1984 as well and is headquartered in Boise, Idaho.

Among Micron’s many achievements are the first 1-gigabyte DRAM product in 1987 and the shipping of the first 2-gigabyte NAND product in 2004. Among the latest innovations is the DDR5. The DDR5 is the next generation of DRAM chip for the server market and it can provide an 85% increase in the memory performance.

Today, Micron Technologies designs, manufactures, and sells memory and storage-focused microchip products worldwide. Its chips provide not only the power to store information but the foundation for new technologies like AI and 5G. Micron is the 4th largest semiconductor manufacturer in the world with revenue topping $27 billion in 2022. The company is ranked 127th on the Fortune 500 list and counts more than 50,000 patents and growing in the field of semiconductor manufacturing and storage solutions. The company operates in 17 countries with 11 manufacturing sites and employs more than 45,000 people.

The company operates through four segments that include Compute and Networking, Mobile, Storage, and Embedded. These solutions are marketed under the Micron and Crucial brands, as well as through private labels. In regard to the memory chip market, Micron Technologies is the only company offering all three types of memory storage products giving it the broadest portfolio and most experience and seamless interfaces.

The company manufactures memory and storage technologies including DRAM, NAND, and NOR microchips. The DRAM products are dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval. The NAND products are non-volatile and re-writeable semiconductor storage devices The NOR memory products are non-volatile re-writeable semiconductor memory devices that provide fast read speeds.

Micron Technologies memory products are in demand by industries ranging from the cloud server to enterprise, client, graphics, and networking markets, as well as for smartphone and other mobile-device markets including EVs and self-driving cars.

Among the more visible of Micron Technologies products are its line of SSDs and component-level solutions for the enterprise and cloud, client, and consumer storage markets. Often seen in movies and TV, these small-sized memory storage and transport devices can be as small as a key fob.

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MU Stock News Headlines

October 3, 2022 | marketbeat.com

This Is A Memorable Time To Buy Into Micron Technology

Micron Technologies reported a mixed quarter and gave terrible guidance but the weakness may already be priced into the market.

September 6, 2022 | marketbeat.com

3 High Margin Chipmakers Bound to Recover (MU)

These chipmakers with the highest margins could be in position to recover faster once demand and pricing start to improve.

September 6, 2022 | marketbeat.com

When Will the Hangover Finally Be Over for Seagate Technology? (MU)

Data storage solutions giant Seagate Technology (NYSE: STX) issued its second earnings guidance cut in five weeks as macroeconomic shifts struck fast and hard.

October 5, 2022 | bizjournals.com

Micron opts for New York over Texas for $100 billion factory

October 5, 2022 | nasdaq.com

Cash Dividend On The Way From Micron Technology

October 5, 2022 | seekingalpha.com

Micron slips as Morgan Stanley remains underweight, in-line on US semiconductors

October 5, 2022 | finance.yahoo.com

Gem of a Tuesday, JOLTS Jolt, OPEC+ Roils Oil, Dipping Into Chips

October 4, 2022 | benzinga.com

This Chipmaker Plans To Invest $100B In New York To Create Cutting Edge Memory Tech — And 50,000 Jobs

October 4, 2022 | bizjournals.com

Micron selects upstate New York as location for $100B semiconductor project

October 4, 2022 | finance.yahoo.com

Manufacturing and consumer-facing costs are 'a constant balancing act': NAM president

October 4, 2022 | bizjournals.com

Upstate New York lands $100 billion Micron semiconductor project

October 4, 2022 | msn.com

Midday Movers: Twitter, Micron, Norwegian Cruise and More

October 4, 2022 | investing.com

Micron Technology to Invest up to $100bn to Build New Semiconductor Factory

October 4, 2022 | msn.com

Thursday Is Your Last Chance To Buy Micron Technology Before The Dividend Payout

October 4, 2022 | reuters.com

Micron to invest up to $100 bln in semiconductor factory in New York

October 4, 2022 | finance.yahoo.com

Microsoft Could Miss Earnings, but Buy the Stock Anyway, Says Analyst

October 4, 2022 | finance.yahoo.com

Micron to Spend Up to $100 Billion on Chip Factory in New York State

October 4, 2022 | seekingalpha.com

Micron to invest up to $100B in massive New York chipmaking plant

October 4, 2022 | americanbankingnews.com

Micron Technology, Inc. (NASDAQ:MU) Receives $73.18 Average PT from Brokerages

October 4, 2022 | americanbankingnews.com

Micron Technology (NASDAQ:MU) Price Target Lowered to $45.00 at Piper Sandler

October 3, 2022 | seekingalpha.com

Micron 'probably close to bottoming,' but timing of recovery unclear, Baird says

October 3, 2022 | seekingalpha.com

Micron Technology: In The Midst Of A Macroeconomic Hurricane

October 3, 2022 | seekingalpha.com

Micron: Time To Be Greedy At These Levels - Buy Hand Over Fist

October 3, 2022 | americanbankingnews.com

Needham & Company LLC Lowers Micron Technology (NASDAQ:MU) Price Target to $60.00

October 3, 2022 | americanbankingnews.com

Micron Technology (NASDAQ:MU) Price Target Lowered to $70.00 at BMO Capital Markets

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MU Company Calendar

Ex-Dividend for 7/26 Dividend: 7/08/2022
Dividend Payable: 7/26/2022
Last Earnings: 9/29/2022
Today: 10/06/2022
Ex-Dividend for 10/26 Dividend: 10/07/2022
Dividend Payable: 10/26/2022
Next Earnings (Estimated): 12/19/2022
Fiscal Year End: 8/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Semiconductors & related devices
Sub-Industry: Semiconductors
Sector: Computer and Technology
Current Symbol: NASDAQ:MU
CUSIP: 59511210
CIK: 723125
Web: www.micron.com
Phone: (208) 368-4000
Fax: 208-368-4435
Employees: 43,000
Year Founded: 1978

Price Target and Rating

Average Stock Price Forecast: $71.57
High Stock Price Forecast: $135.00
Low Stock Price Forecast: $45.00
Forecasted Upside/Downside: +30.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.72
Research Coverage: 29 Analysts

Profitability

EPS (Most Recent Fiscal Year): $7.73
Trailing P/E Ratio: 7.08
Forward P/E Ratio: 19.14
P/E Growth: 4.69
Net Income: $8.69 billion
Net Margins: 28.24%
Pretax Margin: 31.12%
Return on Equity: 18.75%
Return on Assets: 14.10%

Debt

Debt-to-Equity Ratio: 0.14
Current Ratio: 2.89
Quick Ratio: 2.01

Sales & Book Value

Annual Sales: $30.76 billion
Price / Sales: 1.96
Cash Flow: $15.50 per share
Price / Cash Flow: 3.53
Book Value: $45.24 per share
Price / Book: 1.21

Miscellaneous

Outstanding Shares: 1,103,145,000
Free Float: 1,099,615,000
Market Cap: $60.38 billion
Optionable: Optionable
Beta: 1.29

Social Links

Key Executives

Mr. Sanjay Mehrotra (Age 63)
CEO, Pres & Director
Comp: $6.82M

Mr. Manish H. Bhatia (Age 50)
Exec. VP of Global Operations
Comp: $2.55M

Dr. Scott J. DeBoer (Age 56)
Exec. VP of Technology & Products
Comp: $1.67M

Mr. Sumit Sadana (Age 53)
Exec. VP & Chief Bus. Officer
Comp: $2.22M

Mr. Mark J. Murphy (Age 54)
Exec. VP & CFO

Mr. Scott R. Allen (Age 54)
Corp. VP & Chief Accounting Officer

Mr. Anand Bahl
Corp. VP & Chief Information Officer

Mr. Farhan Ahmad
VP of Investor Relations

Mr. Rob Beard
Sr. VP, Gen. Counsel & Corp. Sec.

Ms. Courtney C. Geduldig J.D. (Age 46)
Corp. VP of Public Affairs

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MU Stock - Frequently Asked Questions

Should I buy or sell Micron Technology stock right now?: 29 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Micron Technology in the last year. There are currently 2 sell ratings, 4 hold ratings and 23 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MU shares.
View MU analyst ratings or view top-rated stocks.
What is Micron Technology's stock price forecast for 2022?: 29 analysts have issued 12 month price objectives for Micron Technology's stock. Their MU share price forecasts range from $45.00 to $135.00. On average, they predict the company's stock price to reach $71.57 in the next year. This suggests a possible upside of 30.8% from the stock's current price.
View analysts price targets for MU or view top-rated stocks among Wall Street analysts.
How have MU shares performed in 2022?: Micron Technology's stock was trading at $93.15 on January 1st, 2022. Since then, MU stock has decreased by 41.2% and is now trading at $54.73.
View the best growth stocks for 2022 here.
When is Micron Technology's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, December 19th 2022.
View our MU earnings forecast.
How were Micron Technology's earnings last quarter?: Micron Technology, Inc. (NASDAQ:MU) released its quarterly earnings results on Thursday, September, 29th. The semiconductor manufacturer reported $1.45 EPS for the quarter, topping the consensus estimate of $1.41 by $0.04. The semiconductor manufacturer earned $6.64 billion during the quarter, compared to analysts' expectations of $6.78 billion. Micron Technology had a trailing twelve-month return on equity of 18.75% and a net margin of 28.24%. The firm's revenue for the quarter was down 19.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.37 EPS.
Read the conference call transcript.
How often does Micron Technology pay dividends? What is the dividend yield for Micron Technology?: Micron Technology declared a quarterly dividend on Thursday, September 29th. Investors of record on Tuesday, October 11th will be given a dividend of $0.115 per share on Wednesday, October 26th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Friday, October 7th.
Read our dividend analysis for MU.
Is Micron Technology a good dividend stock?: Micron Technology (NASDAQ:MU) pays an annual dividend of $0.46 per share and currently has a dividend yield of 0.85%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 5.95%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MU will have a dividend payout ratio of 12.60% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MU.
What guidance has Micron Technology issued on next quarter's earnings?: Micron Technology issued an update on its first quarter 2023 earnings guidance on Monday, October, 3rd. The company provided EPS guidance of -$0.06-$0.14 for the period, compared to the consensus EPS estimate of $0.64. The company issued revenue guidance of $4.00 billion-$4.50 billion, compared to the consensus revenue estimate of $5.62 billion.

What is Sanjay Mehrotra's approval rating as Micron Technology's CEO?: 669 employees have rated Micron Technology Chief Executive Officer Sanjay Mehrotra on Glassdoor.com. Sanjay Mehrotra has an approval rating of 79% among the company'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), 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 a number of institutional and retail investors. Top institutional investors include Private Asset Management Inc. (0.03%), Moody National Bank Trust Division (0.00%), Symmetry Partners LLC (0.00%), First Hawaiian Bank (0.00%), Fulton Bank N.A. (0.00%) and Wedmont Private Capital (0.00%). Insiders that own company stock include April S Arnzen, April S Arnzen, David Zinsner, Joel L Poppen, Joel L Poppen, Manish H Bhatia, Michael W Bokan, Patrick J Byrne, Paul Marosvari, Robert P Beard, Sanjay Mehrotra, Scott J Deboer and Sumit Sadana.
View institutional ownership trends.
How do I buy shares of Micron Technology?: Shares of MU stock 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 $54.73.
How much money does Micron Technology make?: Micron Technology (NASDAQ:MU) has a market capitalization of $60.38 billion and generates $30.76 billion in revenue each year. The semiconductor manufacturer earns $8.69 billion in net income (profit) each year or $7.73 on an earnings per share basis.
How many employees does Micron Technology have?: The company 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
How can I contact Micron Technology?: Micron Technology's mailing address is 8000 S FEDERAL WAY, BOISE ID, 83716. The official website for the company 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 10/6/2022 by MarketBeat.com Staff

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Micron Technology - MU Stock Forecast, Price & News

Micron Technology MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Micron Technology (NASDAQ:MU) Stock

MU Stock News Headlines

MU Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

MU Stock - Frequently Asked Questions

MarketBeat Resources

Premium Research Tools

Market Data and Calendars

Investing Education and Resources

Overall MarketRank^™