Micron Technology - MU Stock Forecast, Price & News

27 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Micron Technology in the last twelve months. There are currently 2 sell ratings, 3 hold ratings and 22 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MU shares.
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27 Wall Street research analysts have issued 12 month price targets for Micron Technology's shares. Their MU share price forecasts range from $50.00 to $135.00. On average, they anticipate the company's stock price to reach $87.15 in the next twelve months. This suggests a possible upside of 50.3% from the stock's current price.
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Micron Technology's stock was trading at $93.15 at the start of the year. Since then, MU shares have decreased by 37.8% and is now trading at $57.97.
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Micron Technology saw a increase in short interest during the month of July. As of July 15th, there was short interest totaling 34,040,000 shares, an increase of 16.9% from the June 30th total of 29,110,000 shares. Based on an average daily trading volume, of 18,500,000 shares, the days-to-cover ratio is presently 1.8 days. Approximately 3.1% of the company's stock are short sold.
View Micron Technology's Short Interest.

Micron Technology is scheduled to release its next quarterly earnings announcement on Tuesday, September 27th 2022.
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Micron Technology, Inc. (NASDAQ:MU) announced its earnings results on Thursday, June, 30th. The semiconductor manufacturer reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.33 by $0.17. The semiconductor manufacturer had revenue of $8.64 billion for the quarter, compared to analyst estimates of $8.66 billion. Micron Technology had a trailing twelve-month return on equity of 21.91% and a net margin of 30.61%. Micron Technology's revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.81 earnings per share.
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Micron Technology declared a quarterly dividend on Thursday, June 30th. Stockholders of record on Monday, July 11th will be given a dividend of $0.115 per share on Tuesday, July 26th. This represents a $0.46 annualized dividend and a yield of 0.79%. The ex-dividend date is Friday, July 8th. This is a boost from the stock's previous quarterly dividend of $0.10.
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 0.74%. 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 5.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MU will have a dividend payout ratio of 7.78% 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 fourth quarter 2022 earnings guidance on Tuesday, August, 9th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of -$6.80 billion, compared to the consensus revenue estimate of $7.23 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 shareholders include Parnassus Investments LLC (0.70%), Van ECK Associates Corp (0.48%), Swiss National Bank (0.44%), Pictet Asset Management SA (0.40%), Sumitomo Mitsui Trust Holdings Inc. (0.32%) and Russell Investments Group Ltd. (0.31%). 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, Patrick J Byrne, 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 $57.97.

Micron Technology (NASDAQ:MU) has a market capitalization of $63.95 billion and generates $27.71 billion in revenue each year. The semiconductor manufacturer earns $5.86 billion in net income (profit) each year or $8.77 on an earnings per share basis.

Micron Technology employs 43,000 workers across the globe.

Micron Technology was founded in 1978.

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.