Micron Technology Stock Forecast, Price & 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 stock has increased by 95.6% and is now trading at $85.50.
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33 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Micron Technology in the last twelve months. There are currently 1 sell rating, 6 hold ratings, 25 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.
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Micron Technology is scheduled to release its next quarterly earnings announcement on Wednesday, March 24th 2021.
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Micron Technology, Inc. (NASDAQ:MU) released its quarterly earnings data on Wednesday, January, 6th. The semiconductor manufacturer reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.71 by $0.07. The semiconductor manufacturer had revenue of $5.77 billion for the quarter, compared to analyst estimates of $5.66 billion. Micron Technology had a net margin of 13.59% and a return on equity of 8.46%. Micron Technology's revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.48 earnings per share.
View Micron Technology's earnings history.

Micron Technology updated its second quarter earnings guidance on Thursday, January, 7th. The company provided earnings per share guidance of $0.68-$0.82 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.64. The company issued revenue guidance of $5.6-$6.0 billion, compared to the consensus revenue estimate of $5.52 billion.

33 brokerages have issued 1-year price targets for Micron Technology's stock. Their forecasts range from $35.00 to $121.00. On average, they expect Micron Technology's share price to reach $84.74 in the next twelve months. This suggests that the stock has a possible downside of 0.9%.
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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 Group (MRVL), Xilinx (XLNX), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), Cree (CREE), First Solar (FSLR), SunPower (SPWR) 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 Wedge Capital Management L L P NC (0.09%), Atalanta Sosnoff Capital LLC (0.05%), Gateway Investment Advisers LLC (0.04%), DNB Asset Management AS (0.04%), Private Asset Management Inc. (0.03%) and Hexavest Inc. (0.02%). 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 DNB Asset Management AS, State of Alaska Department of Revenue, Hexavest Inc., Crossmark Global Holdings Inc., Gateway Investment Advisers LLC, Traynor Capital Management Inc., OLD National Bancorp IN, and Fulton Bank N.A.. 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 bought by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, Louisiana State Employees Retirement System, Grassi Investment Management, Abner Herrman & Brock LLC, IFM Investors Pty Ltd, FNY Investment Advisers LLC, Exchange Traded Concepts LLC, and Atalanta Sosnoff Capital 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.

One share of MU stock can currently be purchased for approximately $85.50.

Micron Technology has a market capitalization of $95.65 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 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]