Micron Technology - MU Stock Forecast, Price & News

30 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Micron Technology in the last twelve months. There are currently 2 sell ratings, 4 hold ratings and 24 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MU shares.
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30 Wall Street analysts have issued 12-month target prices for Micron Technology's stock. Their MU share price forecasts range from $45.00 to $135.00. On average, they expect the company's share price to reach $69.72 in the next year. This suggests a possible upside of 27.1% from the stock's current price.
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Micron Technology's stock was trading at $93.15 at the beginning of the year. Since then, MU stock has decreased by 41.1% and is now trading at $54.87.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 21st 2022.
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Micron Technology will be holding an earnings conference call on Wednesday, December 21st at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

Micron Technology, Inc. (NASDAQ:MU) released its quarterly earnings data on Thursday, September, 29th. The semiconductor manufacturer reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.07. 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 business's revenue for the quarter was down 19.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.37 EPS.
Read the conference call transcript.

Micron Technology declared a quarterly dividend on Thursday, September 29th. Investors of record on Tuesday, October 11th will be paid a dividend of $0.115 per share on Wednesday, October 26th. This represents a $0.46 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Friday, October 7th.
Read our dividend analysis for MU.

Micron Technology (NASDAQ:MU) pays an annual dividend of $0.46 per share and currently has a dividend yield of 0.83%. 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 17.56% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MU.

Micron Technology issued an update on its first quarter 2023 earnings guidance on Monday, October, 24th. The company provided earnings per share guidance of -$0.06-$0.14 for the period, compared to the consensus 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.

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.

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).

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

Micron Technology's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.43%), BlackRock Inc. (7.66%), State Street Corp (4.18%), Sanders Capital LLC (3.88%), Primecap Management Co. CA (3.72%) and Bank of New York Mellon Corp (1.16%). 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, Paul Marosvari, Robert P Beard, Sanjay Mehrotra, Scott J Deboer and Sumit Sadana.
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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.
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One share of MU stock can currently be purchased for approximately $54.87.

Micron Technology (NASDAQ:MU) has a market capitalization of $59.86 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.

The company employs 48,000 workers across the globe.

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.