Micron Technology - MU Stock Forecast, Price & News

29 Wall Street equities research 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 equities research analysts is that investors should "buy" MU shares.
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29 equities research analysts have issued 1-year target prices for Micron Technology's shares. Their MU share price forecasts range from $45.00 to $100.00. On average, they expect the company's stock price to reach $66.26 in the next twelve months. This suggests a possible upside of 8.3% 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 22.4% and is now trading at $61.16.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 28th 2023.
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Micron Technology will be holding an earnings conference call on Tuesday, March 28th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

Micron Technology, Inc. (NASDAQ:MU) posted its quarterly earnings data on Monday, December, 20th. The semiconductor manufacturer reported $2.16 earnings per share for the quarter, beating analysts' consensus estimates of $2.11 by $0.05. The semiconductor manufacturer earned $7.69 billion during the quarter, compared to analysts' expectations of $7.68 billion. Micron Technology had a trailing twelve-month return on equity of 13.26% and a net margin of 22.78%. The firm's revenue for the quarter was up 33.2% compared to the same quarter last year. During the same period last year, the firm posted $0.71 earnings per share.
Read the conference call transcript.

Micron Technology announced a quarterly dividend on Wednesday, December 21st. Stockholders of record on Tuesday, January 3rd will be paid a dividend of $0.115 per share on Thursday, January 19th. This represents a $0.46 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Friday, December 30th.
Read our dividend analysis for MU.

ETFs with the largest weight of Micron Technology (NASDAQ:MU) stock in their portfolio include Invesco Dynamic Semiconductors ETF (PSI), VanEck Semiconductor ETF (SMH), Strive U.S. Semiconductor ETF (SHOC), iShares Semiconductor ETF (SOXX), Invesco PHLX Semiconductor ETF (SOXQ), First Trust Nasdaq Semiconductor ETF (FTXL), The Acquirers Fund (ZIG) and Subversive Metaverse ETF (PUNK).

Micron Technology (NASDAQ:MU) pays an annual dividend of $0.46 per share and currently has a dividend yield of 0.78%. 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 EPS estimates, MU will have a dividend payout ratio of 153.33% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for MU.

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 a number of institutional and retail investors. Top institutional shareholders include Sanders Capital LLC (3.76%), Geode Capital Management LLC (1.84%), Price T Rowe Associates Inc. MD (1.40%), Morgan Stanley (1.30%), Norges Bank (1.07%) and Dimensional Fund Advisors LP (0.87%). 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 $61.16.

Micron Technology (NASDAQ:MU) has a market capitalization of $66.74 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.