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NASDAQ:MU

Micron Technology Stock Forecast, Price & News

$73.34
+3.44 (+4.92 %)
(As of 12/4/2020 12:00 AM ET)
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Today's Range
$70.54
Now: $73.34
$74.38
50-Day Range
$49.71
MA: $57.08
$69.90
52-Week Range
$31.13
Now: $73.34
$74.38
Volume31.86 million shs
Average Volume23.38 million shs
Market Capitalization$81.91 billion
P/E Ratio30.95
Dividend YieldN/A
Beta1.27
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.
Micron Technology logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 3.5Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.01 out of 5 stars


Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustrySemiconductors
CUSIP59511210
Phone208-368-4000
Employees40,000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$21.44 billion
Cash Flow$8.93 per share
Book Value$35.10 per share

Profitability

Net Income$2.69 billion

Miscellaneous

Outstanding Shares1,116,909,000
Market Cap$81.91 billion
Next Earnings Date12/16/2020 (Estimated)
OptionableOptionable
$73.34
+3.44 (+4.92 %)
(As of 12/4/2020 12:00 AM 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 been impacted by Coronavirus?

Micron Technology's stock was trading at $43.72 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, MU shares have increased by 67.7% and is now trading at $73.34.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Micron Technology?

32 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Micron Technology in the last year. There are currently 1 sell rating, 8 hold ratings, 22 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
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 winning trading ideas this year 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.

When is Micron Technology's next earnings date?

Micron Technology is scheduled to release its next quarterly earnings announcement on Wednesday, December 16th 2020.
View our earnings forecast for Micron Technology
.

How were Micron Technology's earnings last quarter?

Micron Technology, Inc. (NASDAQ:MU) issued its quarterly earnings data on Tuesday, September, 29th. The semiconductor manufacturer reported $1.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.95 by $0.13. The semiconductor manufacturer had revenue of $6.06 billion for the quarter, compared to analyst estimates of $5.54 billion. Micron Technology had a net margin of 12.54% and a return on equity of 7.73%. The firm's quarterly revenue was up 24.4% compared to the same quarter last year. During the same period last year, the business earned $0.56 EPS.
View Micron Technology's earnings history
.

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

Micron Technology issued an update on its first quarter 2021 Pre-Market earnings guidance on Tuesday, December, 1st. The company provided EPS guidance of 0.69-0.73 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.48. The company issued revenue guidance of $5.7-5.75 billion, compared to the consensus revenue estimate of $5.25 billion.

What price target have analysts set for MU?

32 analysts have issued 12-month price objectives for Micron Technology's stock. Their forecasts range from $35.00 to $100.00. On average, they expect Micron Technology's share price to reach $64.97 in the next twelve months. This suggests that the stock has a possible downside of 11.4%.
View analysts' price targets for Micron Technology
.

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), Canopy Growth (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 61, Pay $4.94M)
  • Mr. David A. Zinsner, Sr. VP & CFO (Age 51, Pay $1.31M)
  • Mr. Manish H. Bhatia, Exec. VP of Global Operations (Age 48, Pay $2.83M)
  • Dr. Scott J. DeBoer, Exec. VP of Technology & Products (Age 54, Pay $1.35M)
  • Mr. Sumit Sadana, Exec. VP & Chief Bus. Officer (Age 51, Pay $1.82M)
  • Mr. Scott R. Allen, Corp. VP & Chief Accounting Officer (Age 52)
  • Mr. Trevor Stanley Schultz M.A. (ECON), Chief Information Officer & VP of Information Systems (Age 78)
  • Mr. Farhan Ahmad, Sr. Director of Investor Relations
  • Mr. Joel L. Poppen, Sr. VP of Legal Affairs, Gen. Counsel & Corp. Sec. (Age 56)
  • Mr. Michael W. Bokan, Sr. VP of Worldwide Sales (Age 59)

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 many different retail and institutional investors. Top institutional shareholders include State Street Corp (4.23%), Sanders Capital LLC (2.63%), Arrowstreet Capital Limited Partnership (1.62%), Himalaya Capital Management LLC (1.03%), UBS Asset Management Americas Inc. (0.90%) and Boston Partners (0.64%). Company insiders that own Micron Technology stock include April S Arnzen, Joel L Poppen, Michael W Bokan, Patrick J Byrne, Paul Marosvari and Scott J Deboer.
View institutional ownership trends for Micron Technology
.

Which institutional investors are selling Micron Technology stock?

MU stock was sold by a variety of institutional investors in the last quarter, including Allianz Asset Management GmbH, Assenagon Asset Management S.A., AQR Capital Management LLC, Lansdowne Partners UK LLP, State Street Corp, Menora Mivtachim Holdings LTD., Federated Hermes Inc., and DNB Asset Management AS. Company insiders that have sold Micron Technology company stock in the last year include April S Arnzen, Joel L Poppen, Paul Marosvari, and Scott J Deboer.
View insider buying and selling activity for Micron Technology
.

Which institutional investors are buying Micron Technology stock?

MU stock was acquired by a variety of institutional investors in the last quarter, including Baupost Group LLC MA, Arrowstreet Capital Limited Partnership, Sanders Capital LLC, Himalaya Capital Management LLC, Aspex Management HK Ltd, Point72 Asset Management L.P., AJO LP, and Bloom Tree Partners LLC.
View insider buying and selling activity for Micron Technology
.

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 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 $73.34.

How big of a company is Micron Technology?

Micron Technology has a market capitalization of $81.91 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 12/5/2020 by MarketBeat.com Staff

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