Micron Technology Stock Forecast, Price & News

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 stock has increased by 13.2% and is now trading at $49.47.
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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."
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Micron Technology is scheduled to release its next quarterly earnings announcement on Tuesday, September 29th 2020.
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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.

Micron Technology, Inc. (NASDAQ:MU) issued its quarterly earnings results on Monday, June, 29th. The semiconductor manufacturer reported $0.82 EPS for the quarter, topping the Zacks' consensus estimate of $0.71 by $0.11. The semiconductor manufacturer had revenue of $5.44 billion for 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 firm's quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.05 earnings per share.
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Micron Technology updated 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 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 analysts have issued 12 month price objectives for Micron Technology's shares. Their forecasts range from $35.00 to $100.00. On average, they expect Micron Technology's stock price to reach $62.43 in the next twelve months. This suggests a possible upside of 26.2% from the stock's current price.
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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 daily trading volume, of 21,580,000 shares, the days-to-cover ratio is currently 1.7 days.
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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).
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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).

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

Micron Technology's stock is owned by a variety of 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.
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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.
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MU stock was acquired 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.

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 $49.47.

Micron Technology has a market capitalization of $54.96 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]