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 (WHO). Since then, MU shares have increased by 16.0% and is now trading at $50.70. 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 data on Monday, June, 29th. The semiconductor manufacturer reported $0.82 EPS for the quarter, topping analysts' consensus estimates of $0.71 by $0.11. The semiconductor manufacturer had revenue of $5.44 billion for 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%. The business's quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter last year, the business earned $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 earnings per share 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 brokers have issued 1-year price objectives for Micron Technology's stock. Their forecasts range from $35.00 to $100.00. On average, they anticipate Micron Technology's share price to reach $63.93 in the next year. This suggests a possible upside of 26.1% from the stock's current price. View analysts' price targets for Micron Technology.

Media stories about MU stock have been trending somewhat negative on Saturday, InfoTrie Sentiment reports. The research firm ranks the sentiment of media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Micron Technology earned a news sentiment score of -1.2 on InfoTrie's scale. They also gave headlines about the semiconductor manufacturer a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next several days. 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), Inphi (IPHI), First Solar (FSLR) 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 retail and institutional investors. Top institutional shareholders include Manning & Napier Group LLC (0.35%), DNB Asset Management AS (0.21%), Envestnet Asset Management Inc. (0.05%), Hexavest Inc. (0.04%), State of Alaska Department of Revenue (0.03%) and Moody National Bank Trust Division (0.01%). Company insiders that own Micron Technology stock include April S Arnzen, Joel L Poppen, Michael W Bokan, Patrick J Byrne, Robert E Switz, 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., State of Alaska Department of Revenue, Patton Fund Management Inc., Municipal Employees Retirement System of Michigan, Eidelman Virant Capital, Wiley BROS. Aintree Capital LLC, Mountain Pacific Investment Advisers Inc. ID, and Carroll Financial Associates Inc.. 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, Envestnet Asset Management Inc., Contravisory Investment Management Inc., Manning & Napier Group LLC, Livforsakringsbolaget Skandia Omsesidigt, Mount Yale Investment Advisors LLC, Old Port Advisors, and Cullinan Associates 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 $50.70.

Micron Technology has a market capitalization of $56.33 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]