Micron Technology - MU Stock Forecast, Price & News

30 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Micron Technology in the last year. There are currently 2 sell ratings, 6 hold ratings and 22 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MU shares.
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30 brokerages have issued 1-year price objectives for Micron Technology's shares. Their MU share price forecasts range from $45.00 to $100.00. On average, they predict the company's share price to reach $66.21 in the next twelve months. This suggests a possible upside of 6.1% from the stock's current price.
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Micron Technology's stock was trading at $49.98 at the beginning of the year. Since then, MU shares have increased by 24.9% and is now trading at $62.41.
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Micron Technology saw a increase in short interest in January. As of January 15th, there was short interest totaling 29,620,000 shares, an increase of 18.3% from the December 31st total of 25,040,000 shares. Based on an average daily trading volume, of 15,990,000 shares, the days-to-cover ratio is currently 1.9 days. Currently, 2.7% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 4th 2023.
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Micron Technology, Inc. (NASDAQ:MU) posted its quarterly earnings results on Wednesday, December, 21st. The semiconductor manufacturer reported ($0.15) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.13) by $0.02. The semiconductor manufacturer earned $4.09 billion during the quarter, compared to analysts' expectations of $4.14 billion. Micron Technology had a net margin of 22.78% and a trailing twelve-month return on equity of 13.26%. The firm's quarterly revenue was down 46.9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.07 EPS.
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Micron Technology declared a quarterly dividend on Wednesday, December 21st. Investors of record on Tuesday, January 3rd will be given a dividend of $0.115 per share on Thursday, January 19th. This represents a $0.46 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Friday, December 30th.
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 8.35%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MU will have a dividend payout ratio of 70.77% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MU.

Micron Technology updated its second quarter earnings guidance on Wednesday, December, 21st. The company provided earnings per share guidance of $(0.72)-(0.52) for the period, compared to the consensus EPS estimate of ($0.32). The company issued revenue guidance of $3.60-4.00 billion, compared to the consensus revenue estimate of $3.84 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 many different retail and institutional investors. Top institutional shareholders include Parnassus Investments LLC (0.72%), Sumitomo Mitsui Trust Holdings Inc. (0.38%), Maj Invest Holding A S (0.30%), Simplex Trading LLC (0.00%), New York State Common Retirement Fund (0.24%) and DekaBank Deutsche Girozentrale (0.16%). 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 $62.41.

Micron Technology (NASDAQ:MU) has a market capitalization of $68.10 billion and generates $30.76 billion in revenue each year. The semiconductor manufacturer earns $8.69 billion in net income (profit) each year or $5.51 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.