NASDAQ:MU

Micron Technology Stock Forecast, Price & News

Followed 270 Times Most-Upgraded Stocks

$76.70

-2.81 (-3.53 %)

(As of 01/27/2021 01:46 PM ET)

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Today's Range

$75.34

Now: $76.70▼

$78.59

50-Day Range

$69.95

MA: $75.65▼

$85.50

52-Week Range

$31.13

Now: $76.70▼

$87.25

Volume1.39 million shs

Average Volume22.56 million shs

Market Capitalization$85.80 billion

P/E Ratio28.94

Dividend YieldN/A

Beta1.37

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 offers memory and storage technologies, including DRAM, NAND, NOR, and 3D XPoint memory under the Micron and Crucial brands, as well as through private labels. The company provides 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 wafer forms for the removable storage markets, as well as 3D XPoint memory products; 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.

MarketRank^™

Overall MarketRank^™

2.21 out of 5 stars

Computer And Technology Sector

70th out of 1,510 stocks

Semiconductors & Related Devices Industry

15th out of 147 stocks

3.4 Analyst's Opinion

Consensus Rating
Micron Technology has received a consensus rating of Buy. The company's average rating score is 2.79, and is based on 25 buy ratings, 6 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $84.74, Micron Technology has a forecasted upside of 11.0% from its current price of $76.35.
Amount of Analyst Coverage
Micron Technology has been the subject of 21 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.5 Community Rank

Outperform Votes
Micron Technology has received 3,412 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Micron Technology has received 1,512 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Micron Technology has received 69.29% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Micron Technology and other stocks. Vote “Outperform” if you believe MU will outperform the S&P 500 over the long term. Vote “Underperform” if you believe MU will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Micron Technology does not currently pay a dividend.
Dividend Growth
Micron Technology does not have a long track record of dividend growth.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Micron Technology insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $13,839,070.00 in company stock.
Percentage Held by Insiders
Only 0.18% of the stock of Micron Technology is held by insiders.
Percentage Held by Institutions
80.43% of the stock of Micron Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Micron Technology are expected to grow by 109.07% in the coming year, from $3.64 to $7.61 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Micron Technology is 28.81, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 24.38.
Price to Earnings Ratio vs. Sector
The P/E ratio of Micron Technology is 28.81, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 86.21.
Price to Earnings Growth Ratio
Micron Technology has a PEG Ratio of 1.73. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Micron Technology has a P/B Ratio of 2.14. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Semiconductors & related devices

Sub-IndustrySemiconductors

SectorComputer and Technology

Current SymbolNASDAQ:MU

Previous Symbol

CUSIP59511210

CIK723125

Webwww.micron.com

Phone208-368-4000

Employees40,000

Year FoundedN/A

Debt

Debt-to-Equity Ratio0.16

Current Ratio2.91

Quick Ratio1.94

Price-To-Earnings

Trailing P/E Ratio28.94

Forward P/E Ratio21.07

P/E Growth1.73

Sales & Book Value

Annual Sales$21.44 billion

Price / Sales4.00

Cash Flow$7.42 per share

Price / Cash Flow10.34

Book Value$35.67 per share

Price / Book2.15

Profitability

EPS (Most Recent Fiscal Year)$2.55

Net Income$2.69 billion

Net Margins13.59%

Return on Equity8.46%

Return on Assets6.22%

Miscellaneous

Outstanding Shares1,118,672,000

Market Cap$85.80 billion

Next Earnings Date3/24/2021 (Estimated)

OptionableOptionable

$76.70

-2.81 (-3.53 %)

(As of 01/27/2021 01:46 PM ET)

30 days | 90 days | 365 days | Advanced Chart

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Micron Technology (NASDAQ:MU) Frequently Asked Questions

How has Micron Technology's stock price 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 (WHO). Since then, MU shares have increased by 75.4% and is now trading at $76.69.
View which stocks have been most impacted by COVID-19.

Is Micron Technology a buy right now?

33 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Micron Technology in the last year. There are currently 1 sell rating, 6 hold ratings, 25 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 MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Micron Technology?

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

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.

When is Micron Technology's next earnings date?

Micron Technology is scheduled to release its next quarterly earnings announcement on Wednesday, March 24th 2021.
View our earnings forecast for Micron Technology.

How were Micron Technology's earnings last quarter?

Micron Technology, Inc. (NASDAQ:MU) announced its quarterly earnings results on Wednesday, January, 6th. The semiconductor manufacturer reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.71 by $0.07. The semiconductor manufacturer had revenue of $5.77 billion for the quarter, compared to the consensus estimate of $5.66 billion. Micron Technology had a trailing twelve-month return on equity of 8.46% and a net margin of 13.59%. The firm's quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.48 earnings per share.
View Micron Technology's earnings history.

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

Micron Technology updated its second quarter earnings guidance on Thursday, January, 7th. The company provided earnings per share (EPS) guidance of $0.68-$0.82 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.64. The company issued revenue guidance of $5.6-$6.0 billion, compared to the consensus revenue estimate of $5.52 billion.

What price target have analysts set for MU?

33 analysts have issued 12-month price targets for Micron Technology's stock. Their forecasts range from $35.00 to $121.00. On average, they anticipate Micron Technology's share price to reach $84.74 in the next year. This suggests a possible upside of 10.5% from the stock's current price.
View analysts' price targets for Micron Technology or view Wall Street analyst' top-rated stocks.

Who are some of Micron Technology's key competitors?

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), First Solar (FSLR), SunPower (SPWR) and Silicon Laboratories (SLAB).
View all of MU's 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).

Who are Micron Technology's key executives?

Micron Technology's management team includes the following people:

Mr. Sanjay Mehrotra, CEO, Pres & Director (Age 62, Pay $5M)
Mr. David A. Zinsner, Sr. VP & CFO (Age 52, Pay $1.57M)
Mr. Manish H. Bhatia, Exec. VP of Global Operations (Age 49, Pay $2.21M)
Dr. Scott J. DeBoer, Exec. VP of Technology & Products (Age 55, Pay $1.41M)
Mr. Sumit Sadana, Exec. VP & Chief Bus. Officer (Age 52, Pay $1.86M)
Mr. Scott R. Allen, Corp. VP & Chief Accounting Officer (Age 53)
Mr. Trevor Stanley Schultz M.A. (ECON), Chief Information Officer & VP of Information Systems (Age 79)
Mr. Farhan Ahmad, Sr. Director of Investor Relations
Mr. Joel L. Poppen, Sr. VP of Legal Affairs, Gen. Counsel & Corp. Sec. (Age 57)
Mr. Michael W. Bokan, Sr. VP of Worldwide Sales (Age 60)

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 institutional and retail investors. Top institutional investors include Manning & Napier Group LLC (0.22%), Strs Ohio (0.18%), Pendal Group Limited (0.15%), New York State Teachers Retirement System (0.13%), Wedge Capital Management L L P NC (0.09%) and Retirement Systems of Alabama (0.08%). Company insiders that own Micron Technology stock include April S Arnzen, David Zinsner, Joel L Poppen, Manish H Bhatia, Michael W Bokan, Patrick J Byrne, Paul Marosvari and Scott J Deboer.
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 Manning & Napier Group LLC, DNB Asset Management AS, Pendal Group Limited, State of Alaska Department of Revenue, Hexavest Inc., Deroy & Devereaux Private Investment Counsel Inc., New York State Teachers Retirement System, and Pacer Advisors Inc.. 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, and Scott J Deboer.
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 Strs Ohio, Wedge Capital Management L L P NC, Retirement Systems of Alabama, Ariose Capital Management Ltd, British Airways Pensions Investment Management Ltd, Zweig DiMenna Associates LLC, Artemis Investment Management LLP, and Louisiana State Employees Retirement System.
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.

What is Micron Technology's stock price today?

One share of MU stock can currently be purchased for approximately $76.69.

How big of a company is Micron Technology?

Micron Technology has a market capitalization of $85.79 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. Micron Technology employs 40,000 workers across the globe.

What is Micron Technology's official website?

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

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 1/27/2021 by MarketBeat.com Staff

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