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NASDAQ:MU

Micron Technology Stock Forecast, Price & News

$52.85
-1.53 (-2.81 %)
(As of 10/23/2020 12:00 AM ET)
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Today's Range
$52.38
Now: $52.85
$54.12
50-Day Range
$44.87
MA: $49.11
$54.38
52-Week Range
$31.13
Now: $52.85
$61.19
Volume16.18 million shs
Average Volume24.24 million shs
Market Capitalization$58.83 billion
P/E Ratio22.30
Dividend YieldN/A
Beta1.29
Micron Technology, Inc. designs, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded Business Unit. It offers memory and storage technologies, including DRAM, NAND, NOR, and 3D XPoint memory under the Micron and Crucial brands, as well as through private labels. The company provides memory products for the cloud server, enterprise, client, graphics, and networking markets, as well as for smartphone and other mobile-device markets; SSDs and component-level solutions for the enterprise and cloud, client, and consumer storage markets; other discrete storage products in component and wafer forms for the removable storage markets, as well as 3D XPoint memory products; and memory and storage products for the automotive, industrial, and consumer markets. It markets its products through its direct sales force, independent sales representatives, distributors, and retailers; and web-based customer direct sales channel, as well as through channel and distribution partners. Micron Technology, Inc. was founded in 1978 and is headquartered in Boise, Idaho.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.4Community Rank: 3.5Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.82 out of 5 stars

Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustrySemiconductors
CUSIP59511210
Phone208-368-4000
Employees37,000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$21.44 billion
Cash Flow$7.76 per share
Book Value$35.10 per share

Profitability

Net Income$2.69 billion

Miscellaneous

Outstanding Shares1,113,222,000
Market Cap$58.83 billion
Next Earnings Date12/16/2020 (Estimated)
OptionableOptionable
$52.85
-1.53 (-2.81 %)
(As of 10/23/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Micron Technology (NASDAQ:MU) Frequently Asked Questions

How has Micron Technology's stock been impacted by COVID-19?

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 20.9% and is now trading at $52.85.
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, 8 hold ratings, 21 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 Wednesday, December 16th 2020.
View our earnings forecast for Micron Technology
.

How were Micron Technology's earnings last quarter?

Micron Technology, Inc. (NASDAQ:MU) posted its earnings results on Tuesday, September, 29th. The semiconductor manufacturer reported $1.08 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.95 by $0.13. The semiconductor manufacturer earned $6.06 billion during the quarter, compared to analysts' expectations of $5.54 billion. Micron Technology had a return on equity of 7.73% and a net margin of 12.54%. The firm's quarterly revenue was up 24.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.56 earnings per share.
View Micron Technology's earnings history
.

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

Micron Technology issued an update on its first quarter earnings guidance on Tuesday, September, 29th. The company provided EPS guidance of $0.40-0.54 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.68. The company issued revenue guidance of $5.00-5.40 billion, compared to the consensus revenue estimate of $5.33 billion.

What price target have analysts set for MU?

31 brokerages have issued twelve-month price targets for Micron Technology's shares. Their forecasts range from $35.00 to $100.00. On average, they expect Micron Technology's share price to reach $62.20 in the next year. This suggests a possible upside of 17.7% from the stock's current price.
View analysts' price targets for Micron Technology
.

Are investors shorting Micron Technology?

Micron Technology saw a drop in short interest in September. As of September 30th, there was short interest totaling 28,160,000 shares, a drop of 13.5% from the September 15th total of 32,560,000 shares. Based on an average daily volume of 19,340,000 shares, the days-to-cover ratio is currently 1.5 days.
View Micron Technology's Short Interest
.

Who are some of Micron Technology's key 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), Tesla (TSLA) and Bank of America (BAC).

Who are Micron Technology's key executives?

Micron Technology's management team includes the following people:
  • Mr. Sanjay Mehrotra, CEO, Pres & Director (Age 61, Pay $4.94M)
  • Mr. David A. Zinsner, Sr. VP & CFO (Age 51, Pay $1.31M)
  • Mr. Manish H. Bhatia, Exec. VP of Global Operations (Age 48, Pay $2.83M)
  • Mr. Scott J. DeBoer, Exec. VP of Technology & Products (Age 54, Pay $1.35M)
  • Mr. Sumit Sadana, Exec. VP & Chief Bus. Officer (Age 51, Pay $1.82M)
  • Mr. Paul Marosvari, VP & Chief Accounting Officer
  • Mr. Trevor Stanley Schultz M.A. (ECON), Chief Information Officer & VP of Information Systems (Age 78)
  • Mr. Farhan Ahmad, Sr. Director of Investor Relations
  • Mr. Joel L. Poppen, Sr. VP of Legal Affairs, Gen. Counsel & Corp. Sec. (Age 56)
  • Mr. Michael W. Bokan, Sr. VP of Worldwide Sales (Age 59)

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 a variety of retail and institutional investors. Top institutional investors include DNB Asset Management AS (0.15%), Assenagon Asset Management S.A. (0.09%), LSV Asset Management (0.08%), Atalanta Sosnoff Capital LLC (0.05%), Envestnet Asset Management Inc. (0.05%) and Gateway Investment Advisers LLC (0.04%). 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 institutional investors are selling Micron Technology stock?

MU stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., DNB Asset Management AS, Atalanta Sosnoff Capital LLC, James Investment Research Inc., Standard Life Aberdeen plc, Hexavest Inc., Jackson Wealth Management LLC, and Redpoint Investment Management Pty Ltd. Company insiders that have sold Micron Technology company stock in the last year include April S Arnzen, Joel L Poppen, Paul Marosvari, and Scott J Deboer.
View insider buying and selling activity for Micron Technology
.

Which institutional investors are buying Micron Technology stock?

MU stock was purchased by a variety of institutional investors in the last quarter, including Gateway Investment Advisers LLC, Sycomore Asset Management, F&V Capital Management LLC, Avantax Advisory Services Inc., Grassi Investment Management, State of Alaska Department of Revenue, Candriam Luxembourg S.C.A., and IFM Investors Pty Ltd.
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 $52.85.

How big of a company is Micron Technology?

Micron Technology has a market capitalization of $58.83 billion and generates $21.44 billion in revenue each year. The semiconductor manufacturer earns $2.69 billion in net income (profit) each year or $2.55 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 10/25/2020 by MarketBeat.com Staff

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