NASDAQ:MU Micron Technology Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Micron Technology, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $50.74 -0.24 (-0.47 %) (As of 09/18/2020 09:05 PM ET) Add Compare Share Today's Range$49.97Now: $50.74▼$52.1750-Day Range$42.66MA: $46.87▼$51.3052-Week Range$31.13Now: $50.74▼$61.19Volume25.55 million shsAverage Volume24.94 million shsMarket Capitalization$56.37 billionP/E Ratio25.50Dividend YieldN/ABeta1.35 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media 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.Read More Beat the Market (BTM) Rank™ 3.3 Analyst's Opinion Consensus RatingMicron Technology has received a consensus rating of Buy. The company's average rating score is 2.65, and is based on 19 buy ratings, 10 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $62.43, Micron Technology has a forecasted upside of 23.0% from its current price of $50.74.Amount of Analyst CoverageMicron Technology has been the subject of 20 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.5 Community Rank Outperform VotesMicron Technology has received 3,366 “outperform” votes. (Add your “outperform” vote.)Underperform VotesMicron Technology has received 1,500 “underperform” votes. (Add your “underperform” vote.)Community SentimentMicron Technology has received 69.17% “outperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about Micron Technology and other stocks. Vote “Outperform” if you believe MU will outperform the S&P 500 over the long term. Vote “Underperform” if you believe MU will underperform the S&P 500 over the long term. You may vote once every thirty days. Previous Next 0.0 Dividend Strength Dividend YieldMicron Technology does not currently pay a dividend.Dividend GrowthMicron Technology does not have a long track record of dividend growth. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Micron Technology insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,195,427.00 in company stock.Percentage Held by InsidersOnly 0.18% of the stock of Micron Technology is held by insiders.Percentage Held by Institutions79.66% of the stock of Micron Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Micron Technology are expected to grow by 37.60% in the coming year, from $2.50 to $3.44 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Micron Technology is 25.50, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 17.70.Price to Earnings Ratio vs. SectorThe P/E ratio of Micron Technology is 25.50, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 57.01.Price to Earnings Growth RatioMicron Technology has a PEG Ratio of 1.39. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioMicron Technology has a P/B Ratio of 1.52. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.3Community Rank: 3.5Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.94 out of 5 stars Industry, Sector and Symbol Stock Exchange NASDAQ Industry Semiconductors & related devices Sub-IndustrySemiconductors SectorComputer and Technology Current SymbolNASDAQ:MU Previous Symbol CUSIP59511210 CIK723125 Webwww.micron.com Phone208-368-4000Debt Debt-to-Equity Ratio0.17 Current Ratio2.89 Quick Ratio2.02Price-To-Earnings Trailing P/E Ratio25.50 Forward P/E Ratio20.30 P/E Growth1.39 Sales & Book Value Annual Sales$23.41 billion Price / Sales2.41 Cash Flow$11.77 per share Price / Cash Flow4.31 Book Value$33.31 per share Price / Book1.52Profitability EPS (Most Recent Fiscal Year)$6.15 Net Income$6.31 billion Net Margins11.16% Return on Equity6.31% Return on Assets4.67%Miscellaneous Employees37,000 Outstanding Shares1,110,999,000Market Cap$56.37 billion Next Earnings Date9/29/2020 (Confirmed) OptionableOptionable $50.74 -0.24 (-0.47 %) (As of 09/18/2020 09:05 PM ET) 30 days | 90 days | 365 days | Advanced Chart Receive MU News and Ratings via Email Sign-up to receive the latest news and ratings for MU and its competitors with MarketBeat's FREE daily newsletter. 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 (WHO). Since then, MU stock has increased by 16.1% and is now trading at $50.74. 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, 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. When is Micron Technology's next earnings date? Micron Technology is scheduled to release its next quarterly earnings announcement on Tuesday, September 29th 2020. View our earnings forecast for Micron Technology. How can I listen to Micron Technology's earnings call? Micron Technology will be holding an earnings conference call on Tuesday, September 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available. How were Micron Technology's earnings last quarter? Micron Technology, Inc. (NASDAQ:MU) released its quarterly earnings results on Monday, June, 29th. The semiconductor manufacturer reported $0.82 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.11. The semiconductor manufacturer had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $5.05 billion. Micron Technology had a net margin of 11.16% and a return on equity of 6.31%. The business's revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.05 EPS. View Micron Technology's earnings history. What guidance has Micron Technology issued on next quarter's earnings? Micron Technology issued an update on its fourth quarter earnings guidance on Monday, June, 29th. The company provided EPS guidance of $0.95-1.15 for the period, compared to the Thomson Reuters consensus earnings per share 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. What price target have analysts set for MU? 31 Wall Street analysts have issued 1 year price objectives for Micron Technology's stock. Their forecasts range from $35.00 to $100.00. On average, they anticipate Micron Technology's stock price to reach $62.43 in the next year. This suggests a possible upside of 23.0% 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 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 days-to-cover ratio is presently 1.7 days. View Micron Technology's Short Interest. Who are some of Micron Technology's key competitors? Some companies that are related to Micron Technology include NVIDIA (NVDA), Intel (INTC), Broadcom (AVGO), Texas Instruments (TXN), Analog Devices (ADI), Marvell Technology Group (MRVL), Microchip Technology (MCHP), Xilinx (XLNX), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), First Solar (FSLR), Cree (CREE), Inphi (IPHI) and Silicon Laboratories (SLAB). View all 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), Bank of America (BAC) and Tesla (TSLA). Who are Micron Technology's key executives? Micron Technology's management team includes the following people: Sanjay Mehrotra, President, Chief Executive Officer & DirectorManish Bhatia, Executive Vice President-Global OperationsDavid A. Zinsner, Chief Financial Officer & Senior Vice PresidentScott J. DeBoer, Executive Vice President-Technology DevelopmentTrevor 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." Who are Micron Technology's major shareholders? Micron Technology's stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.12%), Sanders Capital LLC (2.41%), Bank of New York Mellon Corp (1.22%), Nuveen Asset Management LLC (0.56%), AQR Capital Management LLC (0.51%) and Assenagon Asset Management S.A. (0.48%). Company insiders that own Micron Technology stock include April S Arnzen, Joel L Poppen, Michael W Bokan, Patrick J Byrne, Paul Marosvari and Scott J Deboer. View institutional ownership trends for Micron Technology. Which major investors are selling Micron Technology stock? MU stock was sold by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Viking Global Investors LP, Prudential Financial Inc., Palisade Capital Management LLC NJ, Nuveen Asset Management LLC, Banco Santander S.A., Toronto Dominion Bank, and FIL Ltd. Company insiders that have sold Micron Technology company stock in the last year include April S Arnzen, Joel L Poppen, Patrick J Byrne, Paul Marosvari, and Scott J Deboer. View insider buying and selling activity for Micron Technology. Which major investors are buying Micron Technology stock? MU stock was purchased by a variety of institutional investors in the last quarter, including Sanders Capital LLC, Mn Services Vermogensbeheer B.V., Bank of Nova Scotia, Coatue Management LLC, DNB Asset Management AS, Two Sigma Advisers LP, ANTIPODES PARTNERS Ltd, and Bank of New York Mellon Corp. View insider buying and selling activity for Micron Technology. 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 $50.74. How big of a company is Micron Technology? Micron Technology has a market capitalization of $56.37 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 9/21/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your Risk-Free Trial Subscription Here Questions? Get Started with MarketBeat — Read Your Daily NewsletterCheck Out My MarketBeatWatch Our Tutorial VideosAdd a Stock to Your WatchlistSet Up an Instant AlertView a Company's Profile PageView Our Financial CalendarsView Today's Analyst Ratings
