NASDAQ:MUMicron Technology Stock Price, Forecast & News

Micron Technology's stock was trading at $43.72 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, MU stock has increased by 12.3% and is now trading at $49.09. View which stocks have been most impacted by Coronavirus.

31 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Micron Technology in the last year. There are currently 1 sell rating, 10 hold ratings, 19 buy ratings and 1 strong buy rating 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 Thursday, September 24th 2020. View our earnings forecast for Micron Technology.

Micron Technology, Inc. (NASDAQ:MU) posted its quarterly earnings results on Monday, June, 29th. The semiconductor manufacturer reported $0.82 EPS for the quarter, topping the consensus estimate of $0.71 by $0.11. The semiconductor manufacturer earned $5.44 billion during the quarter, compared to analysts' expectations of $5.05 billion. Micron Technology had a return on equity of 6.31% and a net margin of 11.16%. The business's revenue was up 13.6% compared to the same quarter last year. During the same period last year, the company posted $1.05 earnings per share. View Micron Technology's earnings history.

Micron Technology updated its fourth quarter earnings guidance on Monday, June, 29th. The company provided earnings per share (EPS) guidance of $0.95-1.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.80. The company issued revenue guidance of $5.75-6.25 billion, compared to the consensus revenue estimate of $5.51 billion.

31 brokerages have issued 12-month price objectives for Micron Technology's stock. Their forecasts range from $35.00 to $100.00. On average, they expect Micron Technology's stock price to reach $63.93 in the next twelve months. This suggests a possible upside of 30.2% from the stock's current price. View analysts' price targets for Micron Technology.

News coverage about MU stock has been trending negative recently, according to InfoTrie. InfoTrie identifies negative and positive press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Micron Technology earned a daily sentiment score of -2.1 on InfoTrie's scale. They also assigned press coverage about the semiconductor manufacturer a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news about Micron Technology.

Some companies that are related to Micron Technology include Intel (INTC), NVIDIA (NVDA), Broadcom (AVGO), Texas Instruments (TXN), Analog Devices (ADI), Microchip Technology (MCHP), Xilinx (XLNX), Marvell Technology Group (MRVL), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), Cree (CREE), Inphi (IPHI), First Solar (FSLR) and Silicon Laboratories (SLAB). 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 State of Alaska Department of Revenue (0.03%), Municipal Employees Retirement System of Michigan (0.00%), Fulton Bank N. A. (0.00%), Nelson Van Denburg & Campbell Wealth Management Group LLC (0.00%), Stonebridge Capital Management Inc. (0.00%) and Wiley BROS. Aintree Capital LLC (0.00%). 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 State of Alaska Department of Revenue, Municipal Employees Retirement System of Michigan, and Wiley BROS. Aintree Capital LLC. 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 Cullinan Associates Inc., Fulton Bank N. A., Stonebridge Capital Management Inc., and Nelson Van Denburg & Campbell Wealth Management Group LLC. 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 $49.09.

Micron Technology has a market capitalization of $54.54 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]