NASDAQ:MUMicron Technology Stock Price, Forecast & News

Micron Technology's stock was trading at $43.72 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MU shares have increased by 15.5% and is now trading at $50.51. View which stocks have been most impacted by Coronavirus.

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.

Micron Technology is scheduled to release its next quarterly earnings announcement on Thursday, September 24th 2020. View our earnings forecast for Micron Technology.

Micron Technology, Inc. (NASDAQ:MU) released 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 earned $5.44 billion during the quarter, compared to the consensus estimate of $5.05 billion. Micron Technology had a return on equity of 6.31% and a net margin of 11.16%. Micron Technology's revenue for the quarter was up 13.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.05 earnings per share. View Micron Technology's earnings history.

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.

31 equities research analysts have issued 1-year price targets 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 $63.93 in the next year. This suggests a possible upside of 26.6% from the stock's current price. View analysts' price targets for Micron Technology.

Media coverage about MU stock has trended extremely negative recently, according to InfoTrie Sentiment. The research group ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Micron Technology earned a news sentiment score of -4.3 on InfoTrie's scale. They also assigned media headlines about the semiconductor manufacturer a news buzz of 3.0 out of 10, indicating that recent news coverage is unlikely to have an impact on the stock's share price in the near term. View the latest news about Micron Technology.

Some companies that are related to Micron Technology include NVIDIA (NVDA), Intel (INTC), Broadcom (AVGO), Texas Instruments (TXN), Analog Devices (ADI), Microchip Technology (MCHP), Marvell Technology Group (MRVL), Xilinx (XLNX), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), Cree (CREE), First Solar (FSLR), Inphi (IPHI) and Silicon Laboratories (SLAB). View all competitors.

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), CA (CA), Advanced Micro Devices (AMD), Endologix (ELGX), BlackRock (BLK), Intel (INTC) and Chipotle Mexican Grill (CMG).

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 investors include Manning & Napier Group LLC (0.35%), DNB Asset Management AS (0.21%), Envestnet Asset Management Inc. (0.05%), Hexavest Inc. (0.04%), Gateway Investment Advisers LLC (0.04%) and State of Alaska Department of Revenue (0.03%). Company insiders that own Micron Technology stock include April S Arnzen, Joel L Poppen, Michael W Bokan, Patrick J Byrne, Scott J Deboer and Steven L Thorsen Jr. View institutional ownership trends for Micron Technology.

MU stock was sold by a variety of institutional investors in the last quarter, including Hexavest Inc., Gateway Investment Advisers LLC, State of Alaska Department of Revenue, IFM Investors Pty Ltd, Patton Fund Management Inc., Municipal Employees Retirement System of Michigan, Eidelman Virant Capital, and Alpha Windward LLC. Company insiders that have sold Micron Technology company stock in the last year include April S Arnzen, Joel L Poppen, Michael W Bokan, Patrick J Byrne, and Scott J Deboer. View insider buying and selling activity for Micron Technology.

MU stock was purchased by a variety of institutional investors in the last quarter, including DNB Asset Management AS, Veracity Capital LLC, Envestnet Asset Management Inc., Contravisory Investment Management Inc., F&V Capital Management LLC, Exchange Traded Concepts LLC, Manning & Napier Group LLC, and Pacifica Partners Inc.. 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 $50.51.

Micron Technology has a market capitalization of $56.12 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]