Micron Technology Stock Forecast, Price & News

35 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, 5 hold ratings, 28 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" Micron Technology stock.
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Micron Technology saw a increase in short interest in the month of April. As of April 15th, there was short interest totaling 31,780,000 shares, an increase of 38.8% from the March 31st total of 22,900,000 shares. Based on an average trading volume of 19,940,000 shares, the days-to-cover ratio is currently 1.6 days.
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Micron Technology is scheduled to release its next quarterly earnings announcement on Monday, July 5th 2021.
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Micron Technology, Inc. (NASDAQ:MU) announced its quarterly earnings results on Tuesday, March, 30th. The semiconductor manufacturer reported $0.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.95 by $0.03. The semiconductor manufacturer earned $6.24 billion during the quarter, compared to analyst estimates of $6.23 billion. Micron Technology had a trailing twelve-month return on equity of 8.46% and a net margin of 13.59%. During the same quarter in the previous year, the company earned $0.45 EPS.
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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 82.3% and is now trading at $79.70.
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Micron Technology issued an update on its third quarter 2021 earnings guidance on Tuesday, April, 27th. The company provided EPS guidance of 1.550-1.690 for the period, compared to the Thomson Reuters consensus estimate of $1.320. The company issued revenue guidance of $6.90 billion-$7.30 billion, compared to the consensus revenue estimate of $6.79 billion.

35 equities research analysts have issued 12 month price targets for Micron Technology's stock. Their forecasts range from $51.00 to $150.00. On average, they expect Micron Technology's stock price to reach $107.88 in the next year. This suggests a possible upside of 35.4% from the stock's current price.
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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.

Some companies that are related to Micron Technology include NVIDIA (NVDA), Intel (INTC), Broadcom (AVGO), Texas Instruments (TXN), Analog Devices (ADI), Microchip Technology (MCHP), Marvell Technology (MRVL), Xilinx (XLNX), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), Cree (CREE), First Solar (FSLR), Lattice Semiconductor (LSCC) and Silicon Laboratories (SLAB).
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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).

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 (4.05%), Sanders Capital LLC (3.00%), Capital International Investors (1.71%), Geode Capital Management LLC (1.60%), Arrowstreet Capital Limited Partnership (1.31%) and Bank of New York Mellon Corp (1.17%). Company insiders that own Micron Technology stock include April S Arnzen, David Zinsner, Joel L Poppen, Manish H Bhatia, Michael W Bokan, Patrick J Byrne, Paul Marosvari and Scott J Deboer.
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MU stock was sold by a variety of institutional investors in the last quarter, including Primecap Management Co. CA, Arrowstreet Capital Limited Partnership, Parnassus Investments CA, Manning & Napier Group LLC, Russell Investments Group Ltd., Theleme Partners LLP, Capital International Investors, and Platinum Investment Management Ltd.. 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, Paul Marosvari, and Scott J Deboer.
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MU stock was acquired by a variety of institutional investors in the last quarter, including DnB Asset Management AS, UBS Asset Management Americas Inc., Aspex Management HK Ltd, Crake Asset Management LLP, DekaBank Deutsche Girozentrale, Federated Hermes Inc., Menora Mivtachim Holdings LTD., and Rafferty Asset Management LLC.
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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.
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One share of MU stock can currently be purchased for approximately $79.70.

Micron Technology has a market capitalization of $89.38 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.

Micron Technology employs 40,000 workers across the globe.

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.

Micron Technology was founded in 1978.

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

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

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]