Micron Technology (MU) Stock Forecast, Price & News

31 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Micron Technology in the last twelve months. There are currently 2 sell ratings, 5 hold ratings and 24 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MU shares.
View MU analyst ratings or view top-rated stocks.

31 equities research analysts have issued 12-month price objectives for Micron Technology's shares. Their MU share price forecasts range from $45.00 to $100.00. On average, they anticipate the company's share price to reach $70.03 in the next twelve months. This suggests a possible upside of 2.8% from the stock's current price.
View analysts price targets for MU or view top-rated stocks among Wall Street analysts.

Micron Technology's stock was trading at $49.98 at the beginning of the year. Since then, MU shares have increased by 36.3% and is now trading at $68.10.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Thursday, June 29th 2023.
View our MU earnings forecast.

Micron Technology, Inc. (NASDAQ:MU) announced its quarterly earnings results on Tuesday, March, 28th. The semiconductor manufacturer reported ($1.91) EPS for the quarter, missing the consensus estimate of ($0.75) by $1.16. The semiconductor manufacturer had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.71 billion. Micron Technology had a trailing twelve-month return on equity of 3.98% and a net margin of 6.99%. Micron Technology's revenue for the quarter was down 52.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.05 EPS.
Read the conference call transcript.

Micron Technology announced a quarterly dividend on Tuesday, March 28th. Stockholders of record on Monday, April 10th will be given a dividend of $0.115 per share on Tuesday, April 25th. This represents a $0.46 annualized dividend and a yield of 0.68%. The ex-dividend date is Thursday, April 6th.
Read our dividend analysis for MU.

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

Micron Technology (NASDAQ:MU) pays an annual dividend of $0.46 per share and currently has a dividend yield of 0.62%. 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 33.09%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for MU.

Micron Technology issued an update on its third quarter 2023 earnings guidance on Wednesday, March, 29th. The company provided earnings per share guidance of -$1.65--$1.51 for the period, compared to the consensus earnings per share estimate of -$0.90. The company issued revenue guidance of $3.50 billion-$3.90 billion, compared to the consensus revenue estimate of $3.70 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 a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.82%), State Street Corp (4.21%), Sanders Capital LLC (3.56%), Geode Capital Management LLC (1.87%), Price T Rowe Associates Inc. MD (1.61%) and Bank of New York Mellon Corp (1.35%). 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, Richard M Beyer, Robert P Beard, Sanjay Mehrotra, Scott J Deboer and Sumit Sadana.
View institutional ownership trends.

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.
Compare Top Brokerages Here.

One share of MU stock can currently be purchased for approximately $68.10.

Micron Technology (NASDAQ:MU) has a market capitalization of $74.30 billion and generates $30.76 billion in revenue each year. The semiconductor manufacturer earns $8.69 billion in net income (profit) each year or $1.39 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.