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T   19.02 (-0.89%)
MU   54.68 (-1.46%)
CGC   4.29 (+9.16%)
F   13.86 (-1.56%)
GE   86.88 (+1.90%)
DIS   99.43 (+0.85%)
AMC   8.17 (+0.00%)
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Most-Downgraded Stocks  
NASDAQ:MU

Micron Technology - MU Stock Forecast, Price & News

$54.68
-0.81 (-1.46%)
(As of 12/2/2022 04:30 PM ET)
Add
Compare
Today's Range
$53.38
▼
$55.42
50-Day Range
$48.88
▼
$63.10
52-Week Range
$48.45
▼
$98.45
Volume
15.92 million shs
Average Volume
19.56 million shs
Market Capitalization
$59.45 billion
P/E Ratio
7.07
Dividend Yield
0.83%
Price Target
$69.90

Micron Technology MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.73 Rating Score
Upside/​Downside
30.4% Upside
$69.90 Price Target
Short Interest
Healthy
3.03% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.61
Upright™ Environmental Score
News Sentiment
0.55mentions of Micron Technology in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.56) to $2.68 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.62 out of 5 stars

Computer And Technology Sector

127th out of 640 stocks

Semiconductors & Related Devices Industry

19th out of 95 stocks

See Top Rated MarketRank™ Stocks Here
MU stock logo

About Micron Technology (NASDAQ:MU) Stock

Micron Technology, Inc. was founded in 1978 by four friends in the basement of a dentist's office. The company was focused on making DRAM memory chips and began work on its first fabrication plant in 1981. Micron Technology came out with its first product a few years later and made history with the world's smallest DRAM microchip. By 1994 the company had earned a spot on the Fortune 500 and soon grew to be a leader in the microchip industry. Micron Technology went public in 1984 as well and is headquartered in Boise, Idaho.

Among Micron’s many achievements are the first 1-gigabyte DRAM product in 1987 and the shipping of the first 2-gigabyte NAND product in 2004. Among the latest innovations is the DDR5. The DDR5 is the next generation of DRAM chip for the server market and it can provide an 85% increase in the memory performance.

Today, Micron Technologies designs, manufactures, and sells memory and storage-focused microchip products worldwide. Its chips provide not only the power to store information but the foundation for new technologies like AI and 5G. Micron is the 4th largest semiconductor manufacturer in the world with revenue topping $27 billion in 2022. The company is ranked 127th on the Fortune 500 list and counts more than 50,000 patents and growing in the field of semiconductor manufacturing and storage solutions. The company operates in 17 countries with 11 manufacturing sites and employs more than 45,000 people.

The company operates through four segments that include Compute and Networking, Mobile, Storage, and Embedded. These solutions are marketed under the Micron and Crucial brands, as well as through private labels. In regard to the memory chip market, Micron Technologies is the only company offering all three types of memory storage products giving it the broadest portfolio and most experience and seamless interfaces.

The company manufactures memory and storage technologies including DRAM, NAND, and NOR microchips. The DRAM products are dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval. The NAND products are non-volatile and re-writeable semiconductor storage devices The NOR memory products are non-volatile re-writeable semiconductor memory devices that provide fast read speeds.

Micron Technologies memory products are in demand by industries ranging from the cloud server to enterprise, client, graphics, and networking markets, as well as for smartphone and other mobile-device markets including EVs and self-driving cars.

Among the more visible of Micron Technologies products are its line of SSDs and component-level solutions for the enterprise and cloud, client, and consumer storage markets. Often seen in movies and TV, these small-sized memory storage and transport devices can be as small as a key fob.

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MU Stock News Headlines

December 1, 2022 | finance.yahoo.com
Investors in Micron Technology (NASDAQ:MU) have made a notable return of 40% over the past five years
December 1, 2022 | americanbankingnews.com
Micron Technology (NASDAQ:MU) PT Lowered to $50.00
November 30, 2022 | finance.yahoo.com
Analyst Shaves Price Target For Micron And Western Digital To Reflect Industry Weakness
November 30, 2022 | finance.yahoo.com
Is Micron Stock a Buy for 2023?
November 30, 2022 | benzinga.com
Trader Is Betting On Micron Technology Declining On Earnings
November 29, 2022 | finance.yahoo.com
Memory Chip Stocks Are in a Downturn -- Are They a Buy Now?
November 28, 2022 | seekingalpha.com
Micron leads semiconductors lower as research firm expects chip revenue to drop in 2023
November 28, 2022 | finance.yahoo.com
Retirement Stock Portfolio: 11 Safe Tech Stocks to Consider
November 23, 2022 | americanbankingnews.com
Equities Analysts Offer Predictions for Micron Technology, Inc.'s Q1 2024 Earnings (NASDAQ:MU)
November 22, 2022 | msn.com
Here's How Much $100 Invested In Micron Technology 15 Years Ago Would Be Worth Today
November 22, 2022 | finance.yahoo.com
Earnings growth of 50% over 1 year hasn't been enough to translate into positive returns for Micron Technology (NASDAQ:MU) shareholders
November 22, 2022 | americanbankingnews.com
Micron Technology, Inc. to Post Q1 2023 Earnings of ($0.14) Per Share, KeyCorp Forecasts (NASDAQ:MU)
November 22, 2022 | seekingalpha.com
Micron Vs. Nvidia - One Is Clearly Better
November 18, 2022 | seekingalpha.com
Micron's Bad News Means A Longer Bottom But A More Intense Recovery
November 18, 2022 | msn.com
Micron Slashes Production as Demand Tumbles
November 17, 2022 | finance.yahoo.com
Micron (MU) Drops 7% on Memory Chip Production Cut Announcement
November 17, 2022 | markets.businessinsider.com
Analysts Offer Insights on Technology Companies: Micron (MU) and Nvidia (NVDA)
November 16, 2022 | msn.com
Why Micron Technology Stock Crashed Today
November 16, 2022 | msn.com
Micron Stock Is Tumbling Today: What's Going On?
November 16, 2022 | seekingalpha.com
Micron leads semiconductors lower as new capex cuts set to come next year
November 16, 2022 | barrons.com
Micron Offers a Gloomy Outlook for Chip Industry. Its Stock Is Falling.
November 16, 2022 | msn.com
Micron to supply fewer memory chips in 2023, plans fresh capex cuts
November 15, 2022 | seekingalpha.com
Micron: Even The Best Technology Won't Help Until 2024
November 10, 2022 | finance.yahoo.com
Micron DDR5 Memory Now Available for 4th Gen AMD EPYC Processors
November 8, 2022 | msn.com
Here's How Much $100 Invested In Micron Technology 10 Years Ago Would Be Worth Today
See More Headlines
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MU Company Calendar

Last Earnings
9/29/2022
Ex-Dividend for 10/26 Dividend
10/07/2022
Dividend Payable
10/26/2022
Today
12/02/2022
Next Earnings (Confirmed)
12/21/2022
Fiscal Year End
8/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Semiconductors & related devices
Sub-Industry
Semiconductors
Sector
Computer and Technology
Current Symbol
NASDAQ:MU
CUSIP
59511210
CIK
723125
Web
www.micron.com
Phone
(208) 368-4000
Fax
208-368-4435
Employees
48,000
Year Founded
1978

Price Target and Rating

Average Stock Price Forecast
$69.90
High Stock Price Forecast
$135.00
Low Stock Price Forecast
$45.00
Forecasted Upside/Downside
+27.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.73
Research Coverage
30 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$7.73
Trailing P/E Ratio
7.07
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$8.69 billion
Net Margins
28.24%
Pretax Margin
31.12%
Return on Equity
18.75%
Return on Assets
14.10%

Debt

Debt-to-Equity Ratio
0.14
Current Ratio
2.89
Quick Ratio
2.01

Sales & Book Value

Annual Sales
$30.76 billion
Price / Sales
1.93
Cash Flow
$13.88 per share
Price / Cash Flow
3.94
Book Value
$45.24 per share
Price / Book
1.21

Miscellaneous

Outstanding Shares
1,087,169,000
Free Float
1,083,690,000
Market Cap
$59.45 billion
Optionable
Optionable
Beta
1.28

Social Links


Key Executives

  • Mr. Sanjay MehrotraMr. Sanjay Mehrotra (Age 63)
    CEO, Pres & Director
    Comp: $6.82M
  • Mr. Manish H. BhatiaMr. Manish H. Bhatia (Age 50)
    Exec. VP of Global Operations
    Comp: $2.55M
  • Dr. Scott J. DeBoerDr. Scott J. DeBoer (Age 56)
    Exec. VP of Technology & Products
    Comp: $1.67M
  • Mr. Sumit SadanaMr. Sumit Sadana (Age 53)
    Exec. VP & Chief Bus. Officer
    Comp: $2.22M
  • Mr. Mark J. MurphyMr. Mark J. Murphy (Age 54)
    Exec. VP & CFO
  • Mr. Scott R. Allen (Age 54)
    Corp. VP & Chief Accounting Officer
  • Mr. Anand Bahl
    Corp. VP & Chief Information Officer
  • Mr. Farhan Ahmad
    VP of Investor Relations
  • Mr. Rob Beard
    Sr. VP, Gen. Counsel & Corp. Sec.
  • Ms. Courtney C. Geduldig J.D. (Age 46)
    Corp. VP of Public Affairs

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













MU Stock - Frequently Asked Questions

Should I buy or sell Micron Technology stock right now?

30 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Micron Technology in the last year. There are currently 2 sell ratings, 4 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.

What is Micron Technology's stock price forecast for 2023?

30 analysts have issued 12 month price objectives for Micron Technology's stock. Their MU share price forecasts range from $45.00 to $135.00. On average, they predict the company's share price to reach $69.90 in the next twelve months. This suggests a possible upside of 30.1% from the stock's current price.
View analysts price targets for MU or view top-rated stocks among Wall Street analysts.

How have MU shares performed in 2022?

Micron Technology's stock was trading at $93.15 at the start of the year. Since then, MU shares have decreased by 42.3% and is now trading at $53.73.
View the best growth stocks for 2022 here.

When is Micron Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 21st 2022.
View our MU earnings forecast.

How can I listen to Micron Technology's earnings call?

Micron Technology will be holding an earnings conference call on Wednesday, December 21st at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Micron Technology's earnings last quarter?

Micron Technology, Inc. (NASDAQ:MU) posted its quarterly earnings data on Thursday, September, 29th. The semiconductor manufacturer reported $1.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.29 by $0.07. The semiconductor manufacturer earned $6.64 billion during the quarter, compared to analysts' expectations of $6.78 billion. Micron Technology had a net margin of 28.24% and a trailing twelve-month return on equity of 18.75%. Micron Technology's revenue was down 19.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.37 EPS.
Read the conference call transcript.

How often does Micron Technology pay dividends? What is the dividend yield for Micron Technology?

Micron Technology announced a quarterly dividend on Thursday, September 29th. Investors of record on Tuesday, October 11th will be paid a dividend of $0.115 per share on Wednesday, October 26th. This represents a $0.46 annualized dividend and a yield of 0.86%. The ex-dividend date is Friday, October 7th.
Read our dividend analysis for MU.

Is Micron Technology a good dividend stock?

Micron Technology (NASDAQ:MU) pays an annual dividend of $0.46 per share and currently has a dividend yield of 0.80%. 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 5.95%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MU will have a dividend payout ratio of 17.16% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MU.

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

Micron Technology updated its first quarter 2023 earnings guidance on Monday, October, 24th. The company provided earnings per share (EPS) guidance of -$0.06-$0.14 for the period, compared to the consensus estimate of $0.64. The company issued revenue guidance of $4.00 billion-$4.50 billion, compared to the consensus revenue estimate of $5.62 billion.

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

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.

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), 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 number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.43%), BlackRock Inc. (7.66%), State Street Corp (4.18%), Sanders Capital LLC (3.88%), Primecap Management Co. CA (3.72%) and Bank of New York Mellon Corp (1.16%). 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.
View institutional ownership trends.

How do I buy shares of Micron Technology?

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.

What is Micron Technology's stock price today?

One share of MU stock can currently be purchased for approximately $53.73.

How much money does Micron Technology make?

Micron Technology (NASDAQ:MU) has a market capitalization of $58.41 billion and generates $30.76 billion in revenue each year. The semiconductor manufacturer earns $8.69 billion in net income (profit) each year or $7.73 on an earnings per share basis.

How many employees does Micron Technology have?

The company employs 48,000 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 Europe Limited, Micron International LLC, Micron Japan Ltd., Micron Memory Japan G.K., Micron Memory Malaysia SD, 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 Taiwan Inc., Micron Technology Utah LLC, NetFRAME Systems, Numonyx, Photobit Corp., Pico Computing, Rendition Inc., Rexchip Electronics, TiDAL Systems, and VirtenSys.
Read More
How can I contact Micron Technology?

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.

This page (NASDAQ:MU) was last updated on 12/2/2022 by MarketBeat.com Staff