Micron Technology Stock Forecast, Price & News

$77.08
+1.53 (+2.03 %)
(As of 07/29/2021 12:00 AM ET)
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Today's Range
$75.95
$77.12
50-Day Range
$74.22
$84.98
52-Week Range
$42.25
$96.96
Volume14.47 million shs
Average Volume19.81 million shs
Market Capitalization$86.77 billion
P/E Ratio21.23
Dividend YieldN/A
Beta1.26
30 days | 90 days | 365 days | Advanced Chart
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About Micron Technology

Micron Technology, Inc. engages in the provision of innovative memory and storage solutions. It operates through the following segments: Compute and Networking Business Unit (CNBU); Mobile Business Unit (MBU); Storage Business Unit (SBU); and Embedded Business Unit (EBU). The Compute and Networking Business Unit segment includes memory products sold into cloud server, enterprise, client, graphics, and networking markets. The Mobile Business Unit segment offers memory products sold into smartphone, and other mobile-device markets. The Storage Business Unit segment comprises of SSDs and component-level solutions sold into enterprise and cloud, client, and consumer solid-state drive (SSD) markets, other discrete storage products sold in component and wafer forms to the removable storage markets, and sales of 3D XPoint memory. The Embedded Business Unit segment consists of memory and storage products sold into automotive, industrial, and consumer markets. The company was founded by Ward D. Parkinson, Joseph L. Parkinson, Dennis Wilson, and Doug Pitman 0n October 5, 1978 and is headquartered in Boise, ID.

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MarketRank

Overall MarketRank

2.67 out of 5 stars

Computer And Technology Sector

21st out of 1,650 stocks

Semiconductors & Related Devices Industry

3rd out of 151 stocks

Analyst Opinion: 4.4Community Rank: 4.1Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 3.1 5 -4 -3 -2 -1 -
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Micron Technology (NASDAQ:MU) Frequently Asked Questions

Is Micron Technology a buy right now?

30 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Micron Technology in the last year. There are currently 5 hold ratings, 24 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" Micron Technology stock.
View analyst ratings for Micron Technology
or view top-rated stocks.

What stocks does MarketBeat like better than Micron Technology?

Wall Street analysts have given Micron Technology a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Micron Technology wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Micron Technology's next earnings date?

Micron Technology is scheduled to release its next quarterly earnings announcement on Tuesday, October 5th 2021.
View our earnings forecast for Micron Technology
.

How were Micron Technology's earnings last quarter?

Micron Technology, Inc. (NASDAQ:MU) issued its earnings results on Tuesday, June, 29th. The semiconductor manufacturer reported $1.88 EPS for the quarter, beating the Zacks' consensus estimate of $1.71 by $0.17. The semiconductor manufacturer had revenue of $7.42 billion for the quarter, compared to analysts' expectations of $7.26 billion. Micron Technology had a net margin of 16.20% and a trailing twelve-month return on equity of 12.60%. Micron Technology's revenue was up 36.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.82 earnings per share.
View Micron Technology's earnings history
.

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

Micron Technology's stock was trading at $43.72 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, MU stock has increased by 76.3% and is now trading at $77.08.
View which stocks have been most impacted by COVID-19
.

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

Micron Technology issued an update on its fourth quarter 2021 earnings guidance on Wednesday, July, 28th. The company provided earnings per share guidance of $2.200-$2.400 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.180. The company issued revenue guidance of $8 billion-$8.40 billion, compared to the consensus revenue estimate of $7.86 billion.

What price target have analysts set for MU?

30 Wall Street analysts have issued 12 month price objectives for Micron Technology's shares. Their forecasts range from $67.00 to $150.00. On average, they anticipate Micron Technology's stock price to reach $114.31 in the next year. This suggests a possible upside of 48.3% from the stock's current price.
View analysts' price targets for Micron Technology
or view top-rated stocks among Wall Street analysts.

Who are Micron Technology's key executives?

Micron Technology's management team includes the following people:

What is Sanjay Mehrotra's approval rating as Micron Technology's CEO?

669 employees have rated Micron Technology CEO Sanjay Mehrotra on Glassdoor.com. Sanjay Mehrotra has an approval rating of 79% among Micron Technology's employees.

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), (CGC), Advanced Micro Devices (AMD), CA (CA), Intel (INTC), Endologix (ELGX), Tesla (TSLA) and Bank of America (BAC).

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 institutional and retail investors. Top institutional shareholders include Manning & Napier Group LLC (0.12%), Oregon Public Employees Retirement Fund (0.07%), TCW Group Inc. (0.04%), State of Alaska Department of Revenue (0.03%), Deroy & Devereaux Private Investment Counsel Inc. (0.02%) and Mizuho Markets Cayman LP (0.00%). Company insiders that own Micron Technology stock include April S Arnzen, April S Arnzen, David Zinsner, Joel L Poppen, Joel L Poppen, Manish H Bhatia, Michael W Bokan, Patrick J Byrne, Paul Marosvari, Scott J Deboer and Sumit Sadana.
View institutional ownership trends for Micron Technology
.

Which major investors are selling Micron Technology stock?

MU stock was sold by a variety of institutional investors in the last quarter, including Aptus Capital Advisors LLC, Oregon Public Employees Retirement Fund, DAVENPORT & Co LLC, Deroy & Devereaux Private Investment Counsel Inc., Focused Wealth Management Inc, Vanguard Capital Wealth Advisors, Harel Insurance Investments & Financial Services Ltd., and Compagnie Lombard Odier SCmA. Company insiders that have sold Micron Technology company stock in the last year include April S Arnzen, David Zinsner, Joel L Poppen, Manish H Bhatia, Paul Marosvari, Scott J Deboer, and Sumit Sadana.
View insider buying and selling activity for Micron Technology
or view top insider-selling stocks.

Which major investors are buying Micron Technology stock?

MU stock was bought by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Mizuho Markets Cayman LP, Transform Wealth LLC, IFM Investors Pty Ltd, Symmetry Investments LP, TCW Group Inc., Brookstone Capital Management, and Violich Capital Management Inc..
View insider buying and selling activity for Micron Technology
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Micron Technology's stock price today?

One share of MU stock can currently be purchased for approximately $77.08.

How much money does Micron Technology make?

Micron Technology has a market capitalization of $86.77 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.

How many employees does Micron Technology have?

Micron Technology employs 40,000 workers across the globe.

Does Micron Technology have any subsidiaries?

The following companies are subsidiares of Micron Technology: Convey Computer, DisplayTech, Elpida Memory, Fwdnxt, IM Flash, Inotera, Lexar, Micron Asia Pacific LLC, Micron International LLC, Micron Memory Japan G.K., Micron Memory Taiwan Co. Ltd., Micron Semiconductor (Xi’an) Co. Ltd., Micron Semiconductor Asia LLC, Micron Semiconductor Asia Operations Pte. Ltd., Micron Semiconductor Asia Pte. Ltd., Micron Semiconductor Products Inc., Micron Semiconductor Taiwan Co. Ltd., Micron Technology B.V., Micron Technology Finance LLC, Micron Technology Taiwan Inc., Micron Technology Utah LLC, NetFRAME Systems, Numonyx, Photobit Corp., Pico Computing, Rendition Inc., Rexchip Electronics, TiDAL Systems, and VirtenSys.

When was Micron Technology founded?

Micron Technology was founded in 1978.

What is Micron Technology's official website?

The official website for Micron Technology is www.micron.com.

Where are Micron Technology's headquarters?

Micron Technology is headquartered at 8000 S FEDERAL WAY, BOISE ID, 83716.

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 7/30/2021 by MarketBeat.com Staff
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