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Micron Technology - MU Stock Forecast, Price & News

$50.40
-0.18 (-0.36%)
(As of 09/28/2022 11:29 AM ET)
Add
Compare
Today's Range
$49.47
$51.08
50-Day Range
$48.88
$65.04
52-Week Range
$48.45
$98.45
Volume
479,120 shs
Average Volume
17.37 million shs
Market Capitalization
$55.60 billion
P/E Ratio
5.75
Dividend Yield
0.94%
Price Target
$75.18

Micron Technology MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.69 Rating Score
Upside/​Downside
45.4% Upside
$73.18 Price Target
Short Interest
Healthy
2.97% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.42
Upright™ Environmental Score
News Sentiment
-0.18mentions of Micron Technology in the last 14 days
Based on 45 Articles This Week
Insider Trading
Selling Shares
$1.06 M Sold Last Quarter
Proj. Earnings Growth
-49.30%
From $7.91 to $4.01 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.58 out of 5 stars

Computer And Technology Sector

171st out of 636 stocks

Semiconductors & Related Devices Industry

27th out of 97 stocks

MU stock logo

About Micron Technology (NASDAQ:MU) Stock

Micron Technology, Inc. was founded in 1978 by four friends in the basement of a dentist's office. The company was focused on making DRAM memory chips and began work on its first fabrication plant in 1981. Micron Technology came out with its first product a few years later and made history with the world's smallest DRAM microchip. By 1994 the company had earned a spot on the Fortune 500 and soon grew to be a leader in the microchip industry. Micron Technology went public in 1984 as well and is headquartered in Boise, Idaho.

Among Micron’s many achievements are the first 1-gigabyte DRAM product in 1987 and the shipping of the first 2-gigabyte NAND product in 2004. Among the latest innovations is the DDR5. The DDR5 is the next generation of DRAM chip for the server market and it can provide an 85% increase in the memory performance.

Today, Micron Technologies designs, manufactures, and sells memory and storage-focused microchip products worldwide. Its chips provide not only the power to store information but the foundation for new technologies like AI and 5G. Micron is the 4th largest semiconductor manufacturer in the world with revenue topping $27 billion in 2022. The company is ranked 127th on the Fortune 500 list and counts more than 50,000 patents and growing in the field of semiconductor manufacturing and storage solutions. The company operates in 17 countries with 11 manufacturing sites and employs more than 45,000 people.

The company operates through four segments that include Compute and Networking, Mobile, Storage, and Embedded. These solutions are marketed under the Micron and Crucial brands, as well as through private labels. In regard to the memory chip market, Micron Technologies is the only company offering all three types of memory storage products giving it the broadest portfolio and most experience and seamless interfaces.

The company manufactures memory and storage technologies including DRAM, NAND, and NOR microchips. The DRAM products are dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval. The NAND products are non-volatile and re-writeable semiconductor storage devices The NOR memory products are non-volatile re-writeable semiconductor memory devices that provide fast read speeds.

Micron Technologies memory products are in demand by industries ranging from the cloud server to enterprise, client, graphics, and networking markets, as well as for smartphone and other mobile-device markets including EVs and self-driving cars.

Among the more visible of Micron Technologies products are its line of SSDs and component-level solutions for the enterprise and cloud, client, and consumer storage markets. Often seen in movies and TV, these small-sized memory storage and transport devices can be as small as a key fob.

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MU Stock News Headlines

3 High Margin Chipmakers Bound to Recover (MU)
These chipmakers with the highest margins could be in position to recover faster once demand and pricing start to improve.
When Will the Hangover Finally Be Over for Seagate Technology? (MU)
Data storage solutions giant Seagate Technology (NYSE: STX) issued its second earnings guidance cut in five weeks as macroeconomic shifts struck fast and hard.
MarketBeat: Week in Review 8/29 – 9/2 (MU)
The August jobs show there’s still a lot of uncertainty in the market. As you recharge this weekend, here are some of the top MarketBeat stories to focus on
Does Micron's Dividend Increase Mean It's Time To Buy?
Micron is trading below key moving averages, and recently issued warnings about earnings. But it also boosted its dividend. Does that mean it's buyable now?
Micron Technology (NASDAQ:MU) Stock Rating Lowered by TheStreet
Micron Technology (NASDAQ:MU) Downgraded to C+ at TheStreet
These 2 Stocks Will Make or Break the Market Rally
Micron Technology (MU) Q4 Earnings to be Hurt by Weak Demand
Micron Is a Chip Stock to Buy on the Dip, J.P. Morgan Says
Notable Monday Option Activity: CI, MU, OLED
These 10 Stocks are Getting Crushed on Monday
Nike, Bed Bath & Beyond, Micron to report earnings this week
Micron Technology (NASDAQ:MU) Price Target Cut to $63.00
See More Headlines
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MU Company Calendar

Last Earnings
6/30/2022
Ex-Dividend for 7/26 Dividend
7/08/2022
Dividend Payable
7/26/2022
Today
9/28/2022
Next Earnings (Confirmed)
9/29/2022
Fiscal Year End
8/31/2023

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Semiconductors
CUSIP
59511210
Employees
43,000
Year Founded
1978

Price Target and Rating

Average Stock Price Forecast
$73.18
High Stock Price Forecast
$135.00
Low Stock Price Forecast
$50.00
Forecasted Upside/Downside
+49.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.69
Research Coverage
29 Analysts

Profitability

Net Income
$5.86 billion
Pretax Margin
33.82%

Debt

Sales & Book Value

Annual Sales
$27.71 billion
Cash Flow
$11.83 per share
Book Value
$39.03 per share

Miscellaneous

Outstanding Shares
1,103,150,000
Free Float
1,099,615,000
Market Cap
$55.60 billion
Optionable
Optionable
Beta
1.30

Social Links


Key Executives

  • Mr. Sanjay MehrotraMr. Sanjay Mehrotra (Age 63)
    CEO, Pres & Director
    Comp: $6.82M
  • Mr. Manish H. BhatiaMr. Manish H. Bhatia (Age 50)
    Exec. VP of Global Operations
    Comp: $2.55M
  • Dr. Scott J. DeBoerDr. Scott J. DeBoer (Age 56)
    Exec. VP of Technology & Products
    Comp: $1.67M
  • Mr. Sumit SadanaMr. Sumit Sadana (Age 53)
    Exec. VP & Chief Bus. Officer
    Comp: $2.22M
  • Mr. Mark J. MurphyMr. Mark J. Murphy (Age 54)
    Exec. VP & CFO
  • Mr. Scott R. Allen (Age 54)
    Corp. VP & Chief Accounting Officer
  • Mr. Anand Bahl
    Corp. VP & Chief Information Officer
  • Mr. Farhan Ahmad
    VP of Investor Relations
  • Mr. Rob Beard
    Sr. VP, Gen. Counsel & Corp. Sec.
  • Ms. Courtney C. Geduldig J.D. (Age 46)
    Corp. VP of Public Affairs













MU Stock - Frequently Asked Questions

Should I buy or sell Micron Technology stock right now?

29 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Micron Technology in the last year. There are currently 2 sell ratings, 5 hold ratings and 22 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MU shares.
View MU analyst ratings
or view top-rated stocks.

What is Micron Technology's stock price forecast for 2022?

29 Wall Street research analysts have issued 1 year price objectives for Micron Technology's shares. Their MU share price forecasts range from $50.00 to $135.00. On average, they predict the company's share price to reach $73.18 in the next year. This suggests a possible upside of 45.2% from the stock's current price.
View analysts price targets for MU
or view top-rated stocks among Wall Street analysts.

How have MU shares performed in 2022?

Micron Technology's stock was trading at $93.15 on January 1st, 2022. Since then, MU shares have decreased by 45.9% and is now trading at $50.41.
View the best growth stocks for 2022 here
.

When is Micron Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, September 29th 2022.
View our MU earnings forecast
.

How can I listen to Micron Technology's earnings call?

Micron Technology will be holding an earnings conference call on Thursday, September 29th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Micron Technology's earnings last quarter?

Micron Technology, Inc. (NASDAQ:MU) released its quarterly earnings data on Thursday, June, 30th. The semiconductor manufacturer reported $2.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.33 by $0.17. The semiconductor manufacturer earned $8.64 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.81 EPS.
Read the conference call transcript
.

How often does Micron Technology pay dividends? What is the dividend yield for Micron Technology?

Micron Technology announced a quarterly dividend on Thursday, June 30th. Shareholders 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 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date is Friday, July 8th. This is an increase from the stock's previous quarterly dividend of $0.10.
Read our dividend analysis for MU
.

Is Micron Technology a good dividend stock?

Micron Technology (NASDAQ:MU) pays an annual dividend of $0.46 per share and currently has a dividend yield of 0.94%. 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 11.47% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MU.

What guidance has Micron Technology issued on next quarter's earnings?

Micron Technology updated its fourth quarter 2022 earnings guidance on Tuesday, September, 13th. The company provided EPS guidance of for the period. The company issued revenue guidance of -$6.80 billion, compared to the consensus revenue estimate of $7.23 billion.

What is Sanjay Mehrotra's approval rating as Micron Technology's CEO?

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.

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), Advanced Micro Devices (AMD), CA (CA), Intel (INTC), Endologix (ELGX), Tesla (TSLA) and Bank of America (BAC).

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 retail and institutional investors. Top institutional shareholders include State Street Corp (4.11%), Primecap Management Co. CA (3.66%), Northern Trust Corp (1.03%), FMR LLC (0.98%), UBS Asset Management Americas Inc. (0.80%) and Parnassus Investments LLC (0.70%). 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.
View institutional ownership trends
.

How do I buy shares of Micron Technology?

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.
Compare Top Brokerages Here.

What is Micron Technology's stock price today?

One share of MU stock can currently be purchased for approximately $50.41.

How much money does Micron Technology make?

Micron Technology (NASDAQ:MU) has a market capitalization of $55.61 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.

How many employees does Micron Technology have?

The company employs 43,000 workers across the globe.

Does Micron Technology have any subsidiaries?
The following companies are subsidiares of Micron Technology: Convey Computer, DisplayTech, Elpida Memory, Fwdnxt, IM Flash, Inotera, Lexar, Micron Asia Pacific LLC, Micron Europe Limited, Micron International LLC, Micron Japan Ltd., Micron Memory Japan G.K., Micron Memory Malaysia SD, Micron Memory Taiwan Co. Ltd., Micron Semiconductor (Xi’an) Co. Ltd., Micron Semiconductor Asia LLC, Micron Semiconductor Asia Operations Pte. Ltd., Micron Semiconductor Asia Pte. Ltd., Micron Semiconductor Products Inc., Micron Semiconductor Taiwan Co. Ltd., Micron Technology B.V., Micron Technology Taiwan Inc., Micron Technology Utah LLC, NetFRAME Systems, Numonyx, Photobit Corp., Pico Computing, Rendition Inc., Rexchip Electronics, TiDAL Systems, and VirtenSys.
Read More
How can I contact Micron Technology?

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.

This page (NASDAQ:MU) was last updated on 9/28/2022 by MarketBeat.com Staff

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