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Micron Technology (MU) Stock Price, News & Analysis

$92.16
-1.62 (-1.73%)
(As of 09:40 AM ET)
Today's Range
$92.02
$93.29
50-Day Range
$79.50
$98.98
52-Week Range
$56.01
$101.85
Volume
1.85 million shs
Average Volume
15.18 million shs
Market Capitalization
$101.74 billion
P/E Ratio
N/A
Dividend Yield
0.50%
Price Target
$105.67

Micron Technology MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.88 Rating Score
Upside/​Downside
15.7% Upside
$105.67 Price Target
Short Interest
Healthy
2.01% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-2.35
Upright™ Environmental Score
News Sentiment
0.80mentions of Micron Technology in the last 14 days
Based on 79 Articles This Week
Insider Trading
Selling Shares
$18.85 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.86) to $6.88 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.25 out of 5 stars

Computer And Technology Sector

222nd out of 608 stocks

Semiconductors & Related Devices Industry

30th out of 91 stocks

MU stock logo

About Micron Technology Stock (NASDAQ:MU)

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.

MU Stock Price History

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See More Headlines
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Company Calendar

Last Earnings
12/20/2023
Ex-Dividend for 1/18 Dividend
12/29/2023
Dividend Payable
1/18/2024
Today
3/19/2024
Next Earnings (Confirmed)
3/20/2024
Fiscal Year End
8/31/2024

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 Target
$105.67
High Stock Price Target
$150.00
Low Stock Price Target
$74.75
Potential Upside/Downside
+14.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.88
Research Coverage
25 Analysts

Profitability

Net Income
$-5,833,000,000.00
Pretax Margin
-41.02%

Debt

Sales & Book Value

Annual Sales
$15.54 billion
Cash Flow
$2.19 per share
Book Value
$40.18 per share

Miscellaneous

Outstanding Shares
1,103,910,000
Free Float
1,100,376,000
Market Cap
$101.74 billion
Optionable
Optionable
Beta
1.24

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Should I Buy Micron Technology Stock? MU Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Micron Technology was last updated on Monday, March 18, 2024 at 12:01 AM.

Pros

Here are some ways that investors could benefit from investing in Micron Technology, Inc.:

  • Micron Technology has shown consistent growth in its stock value over recent quarters, indicating a positive trend for investors.
  • The company operates through various segments, providing diversification and exposure to different markets within the technology industry.
  • Micron Technology offers innovative memory and storage products, catering to the increasing demand for high-speed data retrieval and storage solutions.
  • Recent stake increases by institutional investors and hedge funds suggest confidence in the company's future performance and potential for growth.
  • Despite market fluctuations, Micron Technology has maintained a competitive edge in the semiconductor industry, positioning itself as a key player in the market.

Cons

Investors should be bearish about investing in Micron Technology, Inc. for these reasons:

  • The semiconductor industry is highly competitive and subject to rapid technological advancements, posing risks to Micron Technology's market position.
  • Fluctuations in memory and storage product demand can impact the company's revenue and profitability, leading to potential investment risks.
  • Market volatility and macroeconomic factors may influence Micron Technology's stock price, requiring investors to closely monitor market conditions.
  • Dependency on specific market segments for revenue generation could expose the company to sector-specific risks and challenges.
  • Investors need to consider the cyclical nature of the semiconductor industry, which can affect Micron Technology's financial performance in different economic environments.

MU Stock Analysis - Frequently Asked Questions

Should I buy or sell Micron Technology stock right now?

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Micron Technology in the last twelve months. There are currently 1 sell rating, 1 hold rating and 23 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" MU shares.
View MU analyst ratings
or view top-rated stocks.

What is Micron Technology's stock price target for 2024?

25 Wall Street analysts have issued 1 year price targets for Micron Technology's shares. Their MU share price targets range from $74.75 to $150.00. On average, they expect the company's share price to reach $105.67 in the next twelve months. This suggests a possible upside of 15.7% 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 2024?

Micron Technology's stock was trading at $85.34 on January 1st, 2024. Since then, MU stock has increased by 7.1% and is now trading at $91.37.
View the best growth stocks for 2024 here
.

When is Micron Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 20th 2024.
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, March 20th 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) issued its quarterly earnings data on Wednesday, December, 20th. The semiconductor manufacturer reported ($0.95) EPS for the quarter, beating analysts' consensus estimates of ($1.01) by $0.06. The semiconductor manufacturer had revenue of $4.73 billion for the quarter, compared to analysts' expectations of $4.58 billion. Micron Technology had a negative trailing twelve-month return on equity of 14.44% and a negative net margin of 42.47%. The firm's revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period last year, the firm earned ($0.15) 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 Wednesday, December 20th. Shareholders of record on Tuesday, January 2nd will be paid a dividend of $0.115 per share on Thursday, January 18th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date is Friday, December 29th.
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 0.49%.
Read our dividend analysis for MU.

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

Micron Technology issued an update on its second quarter 2024 earnings guidance on Wednesday, December, 20th. The company provided EPS guidance of -0.350--0.210 for the period, compared to the consensus estimate of -0.620. The company issued revenue guidance of $5.1 billion-$5.5 billion, compared to the consensus revenue estimate of $5.0 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), Xtrackers California Municipal Bond ETF (CA), Intel (INTC), Endologix (ELGX), Tesla (TSLA) and Bank of America (BAC).

Who are Micron Technology's major shareholders?

Micron Technology's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.60%), Vanguard Group Inc. (8.60%), Primecap Management Co. CA (3.40%), Capital Research Global Investors (2.61%), Sanders Capital LLC (2.05%) and Capital World Investors (1.93%). 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, Richard M Beyer, Robert P Beard, Sanjay Mehrotra, Scott J Deboer, Scott R Allen 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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.
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This page (NASDAQ:MU) was last updated on 3/19/2024 by MarketBeat.com Staff

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