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Micron Technology - MU Stock Forecast, Price & News

$58.04
-3.41 (-5.55%)
(As of 08/9/2022 12:58 PM ET)
Add
Compare
Today's Range
$57.75
$60.54
50-Day Range
$53.65
$75.37
52-Week Range
$51.40
$98.45
Volume
1.38 million shs
Average Volume
14.76 million shs
Market Capitalization
$64.03 billion
P/E Ratio
6.62
Dividend Yield
0.74%
Price Target
$87.42

Micron Technology MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.78 Rating Score
Upside/​Downside
50.2% Upside
$87.15 Price Target
Short Interest
Healthy
3.09% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.42
Upright™ Environmental Score
News Sentiment
0.15mentions of Micron Technology in the last 14 days
Based on 19 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-27.22%
From $8.12 to $5.91 Per Share

Overall MarketRank

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

2.94 out of 5 stars

Computer And Technology Sector

89th out of 644 stocks

Semiconductors & Related Devices Industry

15th out of 99 stocks

MU stock logo

About Micron Technology (NASDAQ:MU) Stock

Micron Technology, Inc. designs, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded Business Unit. It provides memory and storage technologies comprises DRAM products, which are dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; NAND products that are non-volatile and re-writeable semiconductor storage devices; and NOR memory products, which are non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels. The company offers memory products for the cloud server, enterprise, client, graphics, and networking markets, as well as for smartphone and other mobile-device markets; SSDs and component-level solutions for the enterprise and cloud, client, and consumer storage markets; other discrete storage products in component and wafers; and memory and storage products for the automotive, industrial, and consumer markets. It markets its products through its direct sales force, independent sales representatives, distributors, and retailers; and web-based customer direct sales channel, as well as through channel and distribution partners. Micron Technology, Inc. was founded in 1978 and is headquartered in Boise, Idaho.

Micron Technology Trading Down 1.6 %

NASDAQ:MU opened at $61.45 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.24 and a quick ratio of 2.44. Micron Technology has a fifty-two week low of $51.40 and a fifty-two week high of $98.45. The stock's 50-day moving average is $61.22 and its two-hundred day moving average is $71.79. The stock has a market cap of $67.79 billion, a PE ratio of 7.01, a price-to-earnings-growth ratio of 0.57 and a beta of 1.28.

Micron Technology (NASDAQ:MU - Get Rating) last released its earnings results on Thursday, June 30th. The semiconductor manufacturer reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.33 by $0.17. The company had revenue of $8.64 billion for the quarter, compared to analysts' expectations of $8.66 billion. Micron Technology had a return on equity of 21.91% and a net margin of 30.61%. The business's revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.81 EPS. As a group, equities research analysts forecast that Micron Technology will post 8.12 earnings per share for the current fiscal year.

Micron Technology Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 26th. Investors of record on Monday, July 11th were paid a $0.115 dividend. This is a boost from Micron Technology's previous quarterly dividend of $0.10. The ex-dividend date was Friday, July 8th. This represents a $0.46 annualized dividend and a dividend yield of 0.75%. Micron Technology's payout ratio is presently 5.25%.

Wall Street Analyst Weigh In

A number of brokerages have commented on MU. The Goldman Sachs Group cut their price objective on shares of Micron Technology from $86.00 to $75.00 and set a "buy" rating for the company in a research report on Friday, July 1st. Bank of America downgraded shares of Micron Technology from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $70.00 to $62.00 in a research report on Friday, July 1st. UBS Group cut their price objective on shares of Micron Technology from $115.00 to $100.00 and set a "buy" rating for the company in a research report on Tuesday, June 28th. Rosenblatt Securities cut their price target on shares of Micron Technology from $165.00 to $100.00 and set a "buy" rating for the company in a report on Friday, July 1st. Finally, JPMorgan Chase & Co. cut their price target on shares of Micron Technology from $120.00 to $96.00 and set an "overweight" rating for the company in a report on Tuesday, June 28th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $87.42.

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MU Stock News Headlines

Diversified onsemi Is Outperforming The Semiconductor Index  (MU)
onsemi is outperforming the semiconductor industry and will continue to do so as its refocusing strategy gains momentum and drives results.
MarketBeat: Week in Review 7/25 – 7/29 (MU)
The markets are rallying as big tech earnings are lifting investors' spirits. Here are some of the stocks our analysts were looking at this week.
Copper Exploration Heating Up
Canada is already known as a miner's paradise. But British Columbia (BC) is quietly becoming the new copper hotspot. That's because copper is critical to the world's shift to renewable energy. Biden earmarked $226 billion in new infrastructure projects all requiring copper.
The One Question You Have to Ask Before Investing in INTC Stock (MU)
Intel had a disastrous earnings report but may have some fundamental strength. However, before diving into INTC stock, investors should ask one question.
Three (3) Undervalued Dividend-Paying Tech Stocks  (MU)
While Samsung’s results may not spark a major reversal in the chip industry they, and other signs within the market, suggest a bottom is in play and it’s one for dividend investors to take advantage of. The chip stocks are undervalued and pay safe, if not always large dividends.
Will Samsung Results Put A Bottom In Chip Stocks?
Samsung (OTC: SSNLF) reported a mixed quarter but details within the report are lifting the chip sector. While the news may have sparked a near-term bottom we’re not sure it will stick. The company reported a stronger-than-expected demand for memory chips which is good news but the demand was limited to cloud and server applications.
Potential Gold Rush For Investors Sparked By USA Vs. China Trade War
Right now, China has the US Military in a stranglehold. They hold a monopoly on one of our most CRITICAL defense elements. But thanks to executive orders from both Biden and Trump...
Micron Warns of Weakening Demand, Lower Sales
Nvidia stock drops on preliminary earnings warning
PC demand sees steepest decline in 9 years
4 Jim Cramer Stocks for ‘Mild’ Recession
See More Headlines
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MU Company Calendar

Last Earnings
6/30/2022
Ex-Dividend for 7/26 Dividend
7/08/2022
Dividend Payable
7/26/2022
Today
8/09/2022
Fiscal Year End
8/31/2022
Next Earnings (Estimated)
9/27/2022

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Semiconductors
CUSIP
59511210
Employees
43,000
Year Founded
1978

Price Target and Rating

Average Stock Price Forecast
$87.15
High Stock Price Forecast
$135.00
Low Stock Price Forecast
$50.00
Forecasted Upside/Downside
+50.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.78
Research Coverage
27 Analysts

Profitability

Net Income
$5.86 billion
Pretax Margin
33.82%

Debt

Sales & Book Value

Annual Sales
$27.71 billion
Cash Flow
$10.65 per share
Book Value
$39.03 per share

Miscellaneous

Outstanding Shares
1,103,150,000
Free Float
1,099,615,000
Market Cap
$64.03 billion
Optionable
Optionable
Beta
1.28

Social Links















MU Stock - Frequently Asked Questions

Should I buy or sell Micron Technology stock right now?

27 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Micron Technology in the last twelve months. There are currently 2 sell ratings, 3 hold ratings and 22 buy ratings for the stock. The consensus among Wall Street equities research 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 2022?

27 Wall Street research analysts have issued 12 month price targets for Micron Technology's shares. Their MU share price forecasts range from $50.00 to $135.00. On average, they anticipate the company's stock price to reach $87.15 in the next twelve months. This suggests a possible upside of 50.3% from the stock's current price.
View analysts price targets for MU
or view top-rated stocks among Wall Street analysts.

How has Micron Technology's stock 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 37.8% and is now trading at $57.97.
View the best growth stocks for 2022 here
.

Are investors shorting Micron Technology?

Micron Technology saw a increase in short interest during the month of July. As of July 15th, there was short interest totaling 34,040,000 shares, an increase of 16.9% from the June 30th total of 29,110,000 shares. Based on an average daily trading volume, of 18,500,000 shares, the days-to-cover ratio is presently 1.8 days. Approximately 3.1% of the company's stock are short sold.
View Micron Technology's Short Interest
.

When is Micron Technology's next earnings date?

Micron Technology is scheduled to release its next quarterly earnings announcement on Tuesday, September 27th 2022.
View our MU earnings forecast
.

How were Micron Technology's earnings last quarter?

Micron Technology, Inc. (NASDAQ:MU) announced its earnings results on Thursday, June, 30th. The semiconductor manufacturer reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.33 by $0.17. The semiconductor manufacturer had revenue of $8.64 billion for the quarter, compared to analyst estimates of $8.66 billion. Micron Technology had a trailing twelve-month return on equity of 21.91% and a net margin of 30.61%. Micron Technology's revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.81 earnings per share.
Read the conference call transcript
.

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

Micron Technology declared a quarterly dividend on Thursday, June 30th. Stockholders of record on Monday, July 11th will be given a dividend of $0.115 per share on Tuesday, July 26th. This represents a $0.46 annualized dividend and a yield of 0.79%. The ex-dividend date is Friday, July 8th. This is a boost from the stock's previous quarterly dividend of $0.10.
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 0.74%. 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 5.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MU will have a dividend payout ratio of 7.78% 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 issued an update on its fourth quarter 2022 earnings guidance on Tuesday, August, 9th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of -$6.80 billion, compared to the consensus revenue estimate of $7.23 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 variety of retail and institutional investors. Top institutional shareholders include Parnassus Investments LLC (0.70%), Van ECK Associates Corp (0.48%), Swiss National Bank (0.44%), Pictet Asset Management SA (0.40%), Sumitomo Mitsui Trust Holdings Inc. (0.32%) and Russell Investments Group Ltd. (0.31%). 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, Patrick J Byrne, 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 $57.97.

How much money does Micron Technology make?

Micron Technology (NASDAQ:MU) has a market capitalization of $63.95 billion and generates $27.71 billion in revenue each year. The semiconductor manufacturer earns $5.86 billion in net income (profit) each year or $8.77 on an earnings per share basis.

How many employees does Micron Technology have?

Micron Technology employs 43,000 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

When was Micron Technology founded?

Micron Technology was founded in 1978.

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 8/9/2022 by MarketBeat.com Staff

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