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NASDAQ:MU

Micron Technology Stock Forecast, Price & News

$47.56
+0.60 (+1.28 %)
(As of 10/1/2020 12:16 PM ET)
Add
Compare
Today's Range
$47.05
Now: $47.56
$48.18
50-Day Range
$42.66
MA: $46.88
$50.98
52-Week Range
$31.13
Now: $47.56
$61.19
Volume910,354 shs
Average Volume24.90 million shs
Market Capitalization$52.84 billion
P/E Ratio23.90
Dividend YieldN/A
Beta1.35
Micron Technology, Inc. engages in the provision of innovative memory and storage solutions. It operates through the following segments: Compute and Networking Business Unit (CNBU); Mobile Business Unit (MBU); Storage Business Unit (SBU); and Embedded Business Unit (EBU). The Compute and Networking Business Unit segment includes memory products sold into cloud server, enterprise, client, graphics, and networking markets. The Mobile Business Unit segment offers memory products sold into smartphone, and other mobile-device markets. The Storage Business Unit segment comprises of SSDs and component-level solutions sold into enterprise and cloud, client, and consumer solid-state drive (SSD) markets, other discrete storage products sold in component and wafer forms to the removable storage markets, and sales of 3D XPoint memory. The Embedded Business Unit segment consists of memory and storage products sold into automotive, industrial, and consumer markets. The company was founded by Ward D. Parkinson, Joseph L. Parkinson, Dennis Wilson, and Doug Pitman in October 1978 and is headquartered in Boise, ID.
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Micron Technology logo

Beat the Market (BTM) Rank

Analyst Opinion: 4.3Community Rank: 3.5Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.14 out of 5 stars


Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustrySemiconductors
CUSIP59511210
Phone208-368-4000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$23.41 billion
Cash Flow$11.03 per share
Book Value$33.31 per share

Profitability

Net Income$6.31 billion

Miscellaneous

Employees37,000
Outstanding Shares1,110,999,000
Market Cap$52.84 billion
Next Earnings Date12/16/2020 (Estimated)
OptionableOptionable
$47.56
+0.60 (+1.28 %)
(As of 10/1/2020 12:16 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Micron Technology (NASDAQ:MU) Frequently Asked Questions

How has Micron Technology's stock price been impacted by Coronavirus (COVID-19)?

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. Since then, MU shares have increased by 9.0% and is now trading at $47.66.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Micron Technology?

31 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Micron Technology in the last year. There are currently 1 sell rating, 9 hold ratings, 20 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Micron Technology
.

When is Micron Technology's next earnings date?

Micron Technology is scheduled to release its next quarterly earnings announcement on Wednesday, December 16th 2020.
View our earnings forecast for Micron Technology
.

How were Micron Technology's earnings last quarter?

Micron Technology, Inc. (NASDAQ:MU) released its earnings results on Tuesday, September, 29th. The semiconductor manufacturer reported $1.08 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.95 by $0.13. The semiconductor manufacturer earned $6.06 billion during the quarter, compared to analysts' expectations of $5.54 billion. Micron Technology had a return on equity of 6.31% and a net margin of 11.16%. Micron Technology's quarterly revenue was up 24.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.56 EPS.
View Micron Technology's earnings history
.

What guidance has Micron Technology issued on next quarter's earnings?

Micron Technology updated its first quarter earnings guidance on Tuesday, September, 29th. The company provided earnings per share (EPS) guidance of $0.40-0.54 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.68. The company issued revenue guidance of $5.00-5.40 billion, compared to the consensus revenue estimate of $5.33 billion.

What price target have analysts set for MU?

31 equities research analysts have issued 12-month price objectives for Micron Technology's shares. Their forecasts range from $35.00 to $100.00. On average, they anticipate Micron Technology's stock price to reach $61.73 in the next year. This suggests a possible upside of 29.5% from the stock's current price.
View analysts' price targets for Micron Technology
.

Are investors shorting Micron Technology?

Micron Technology saw a increase in short interest in the month of August. As of August 14th, there was short interest totaling 35,800,000 shares, an increase of 13.1% from the July 30th total of 31,640,000 shares. Based on an average trading volume of 21,580,000 shares, the short-interest ratio is currently 1.7 days.
View Micron Technology's Short Interest
.

Who are some of Micron Technology's key competitors?

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), Canopy Growth (CGC), Advanced Micro Devices (AMD), CA (CA), Intel (INTC), Endologix (ELGX), Tesla (TSLA) and Bank of America (BAC).

Who are Micron Technology's key executives?

Micron Technology's management team includes the following people:
  • Sanjay Mehrotra, President, Chief Executive Officer & Director
  • Manish Bhatia, Executive Vice President-Global Operations
  • David A. Zinsner, Chief Financial Officer & Senior Vice President
  • Scott J. DeBoer, Executive Vice President-Technology Development
  • Trevor Schulze, Chief Information Officer & Vice President-IT

What is Micron Technology's stock symbol?

Micron Technology trades on the NASDAQ under the ticker symbol "MU."

How do I buy shares of 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.

What is Micron Technology's stock price today?

One share of MU stock can currently be purchased for approximately $47.66.

How big of a company is Micron Technology?

Micron Technology has a market capitalization of $52.95 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.

What is Micron Technology's official website?

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

How can I contact Micron Technology?

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]

This page was last updated on 10/1/2020 by MarketBeat.com Staff

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