S&P 500   5,051.41
DOW   37,798.97
QQQ   431.10
Stock market today: Most of Wall Street slips as expectations rise for rates to stay high
Kinder Morgan Stock Bid Up In An Oil Breakout
ASML’s Earnings Could Bring The Stock to New Highs
Undervalued UnitedHealth Group Won’t Be For Long
3 Computer Vision Stocks for Long-Term Gains From AI
Closing prices for crude oil, gold and other commodities
DocuSign and The Case for 66% Upside 
S&P 500   5,051.41
DOW   37,798.97
QQQ   431.10
Stock market today: Most of Wall Street slips as expectations rise for rates to stay high
Kinder Morgan Stock Bid Up In An Oil Breakout
ASML’s Earnings Could Bring The Stock to New Highs
Undervalued UnitedHealth Group Won’t Be For Long
3 Computer Vision Stocks for Long-Term Gains From AI
Closing prices for crude oil, gold and other commodities
DocuSign and The Case for 66% Upside 
S&P 500   5,051.41
DOW   37,798.97
QQQ   431.10
Stock market today: Most of Wall Street slips as expectations rise for rates to stay high
Kinder Morgan Stock Bid Up In An Oil Breakout
ASML’s Earnings Could Bring The Stock to New Highs
Undervalued UnitedHealth Group Won’t Be For Long
3 Computer Vision Stocks for Long-Term Gains From AI
Closing prices for crude oil, gold and other commodities
DocuSign and The Case for 66% Upside 
S&P 500   5,051.41
DOW   37,798.97
QQQ   431.10
Stock market today: Most of Wall Street slips as expectations rise for rates to stay high
Kinder Morgan Stock Bid Up In An Oil Breakout
ASML’s Earnings Could Bring The Stock to New Highs
Undervalued UnitedHealth Group Won’t Be For Long
3 Computer Vision Stocks for Long-Term Gains From AI
Closing prices for crude oil, gold and other commodities
DocuSign and The Case for 66% Upside 

Micron Technology (MU) Stock Price, News & Analysis

$121.77
+0.40 (+0.33%)
(As of 04/16/2024 ET)
Today's Range
$118.37
$122.55
50-Day Range
$79.50
$128.01
52-Week Range
$58.03
$130.54
Volume
17.43 million shs
Average Volume
20.23 million shs
Market Capitalization
$134.84 billion
P/E Ratio
N/A
Dividend Yield
0.38%
Price Target
$122.20

Micron Technology MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.88 Rating Score
Upside/​Downside
0.4% Upside
$122.20 Price Target
Short Interest
Healthy
2.07% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-2.35
Upright™ Environmental Score
News Sentiment
0.55mentions of Micron Technology in the last 14 days
Based on 47 Articles This Week
Insider Trading
Selling Shares
$33.35 M Sold Last Quarter
Proj. Earnings Growth
2,562.50%
From $0.24 to $6.39 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.

3.88 out of 5 stars

Computer And Technology Sector

183rd out of 590 stocks

Semiconductors & Related Devices Industry

28th out of 88 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

MU Stock News Headlines

Silicon Motion Proves That AI in Motion Stays in Motion (MU)
Silicon Motion Technology Co. (NASDAQ: SIMO) is a fabless semiconductor company in the computer and technology sector specializing in designing and developing
MarketBeat Week in Review – 4/8 - 4/12 (MU)
The latest inflation readings moved stocks lower as investors reconsidered what higher-for-longer interest rates mean for corporate earnings and stock valuation
Can't believe it's happening again
One of the single most unique and powerful events in the markets is coming in the next two months. It’s scheduled for April 22, 2024. But investors are moving now to get ahead of what’s coming… driving up prices of one asset dramatically. And you should do the same.
Heat Alert: Micron Just Got Named A Must-Own Stock for Q2
As far as first quarters go, Q1 has got to be one of the greatest ever for Micron Technology, Inc. NASDAQ: MU. The semiconductor stock had already logged a solid 2023, gaining close to 70%, but from the middle of February through the middle of last week, it went on to gain just as much again.
Heat Alert: Micron Just Got Named A Must-Own Stock for Q2
After experiencing its longest winning streak, you might think that Micron stock could take a break, but it looks like there's still more upside to uncover.
Can't believe it's happening again
One of the single most unique and powerful events in the markets is coming in the next two months. It’s scheduled for April 22, 2024. But investors are moving now to get ahead of what’s coming… driving up prices of one asset dramatically. And you should do the same.
2 Data Storage Device Stocks Thriving From the AI Boom
The artificial intelligence (AI) boom has accelerated revenues for various companies in the computer and technology sector. The obvious benefactor and leader of the AI wave is Nvidia Co. NASDAQ: NVDA, with its 90% market share of GPUs.
2 Data Storage Device Stocks Thriving From the AI Boom (MU)
The artificial intelligence (AI) boom has accelerated revenues for various companies in the computer and technology sector.
Micron Technology, Inc. (MU) Stock Forecasts
Micron: Sell Cyclical Stock Near Cyclical High
3 Stocks to Turn $10,000 Into $1 Million: April 2024
See More Headlines
Receive MU Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Micron Technology and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Ex-Dividend for 1/18 Dividend
12/29/2023
Dividend Payable
1/18/2024
Last Earnings
3/20/2024
Ex-Dividend for 4/16 Dividend
3/28/2024
Today
4/16/2024
Dividend Payable
4/16/2024
Next Earnings (Estimated)
6/26/2024
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
$122.20
High Stock Price Target
$150.00
Low Stock Price Target
$80.00
Potential Upside/Downside
+1.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.88
Research Coverage
26 Analysts

Profitability

Net Income
$-5,833,000,000.00
Pretax Margin
-22.91%

Debt

Sales & Book Value

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

Miscellaneous

Outstanding Shares
1,107,370,000
Free Float
1,103,824,000
Market Cap
$133.95 billion
Optionable
Optionable
Beta
1.27

Social Links

7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed Investors Cover

As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.

Get This Free Report

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

Pros

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

  • Micron Technology, Inc. designs, develops, and sells memory and storage products worldwide, catering to various markets including cloud server, enterprise, client, graphics, networking, industrial, automotive, and consumer markets.
  • The company offers SSDs and component-level solutions for enterprise and cloud, client, and consumer storage markets, staying competitive in the fast-growing storage industry.
  • Micron provides memory and storage products for the automotive, industrial, and consumer markets, diversifying its revenue streams and reducing dependency on specific sectors.
  • The stock price of Micron Technology, Inc. has shown resilience and growth potential in recent periods, indicating a positive outlook for investors.
  • Micron's focus on developing cutting-edge memory and storage technologies, such as dynamic random access memory semiconductor devices and non-volatile storage solutions, positions it well for future technological advancements.

Cons

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

  • Market volatility and cyclical nature of the semiconductor industry can impact Micron's financial performance, leading to fluctuations in stock prices.
  • Competition in the memory and storage market is intense, with other major players constantly innovating and introducing new products, posing a challenge to Micron's market share.
  • Global economic conditions and trade tensions can affect Micron's international operations and revenue streams, adding a level of uncertainty to the investment outlook.
  • Changes in technology trends and consumer preferences may require Micron to adapt quickly, potentially leading to R&D expenses and operational adjustments that could impact profitability.
  • Regulatory changes and geopolitical factors can influence Micron's business operations and supply chain, introducing risks that investors need to consider when evaluating the investment opportunity.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, April 11, 2024. Please send any questions or comments about these Micron Technology pros and cons to contact@marketbeat.com.

MU Stock Analysis - Frequently Asked Questions

Should I buy or sell Micron Technology stock right now?

26 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Micron Technology in the last year. There are currently 1 sell rating, 1 hold rating and 24 buy ratings for the stock. The consensus among Wall Street research 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?

26 analysts have issued 12 month target prices for Micron Technology's shares. Their MU share price targets range from $80.00 to $150.00. On average, they predict the company's share price to reach $122.20 in the next year. This suggests a possible upside of 0.4% 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 at the beginning of 2024. Since then, MU stock has increased by 42.7% and is now trading at $121.77.
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, June 26th 2024.
View our MU earnings forecast
.

How were Micron Technology's earnings last quarter?

Micron Technology, Inc. (NASDAQ:MU) issued its quarterly earnings results on Wednesday, March, 20th. The semiconductor manufacturer reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.27) by $0.69. The semiconductor manufacturer earned $5.82 billion during the quarter, compared to analyst estimates of $5.35 billion. Micron Technology had a negative trailing twelve-month return on equity of 8.98% and a negative net margin of 20.57%. The firm's quarterly revenue was up 57.7% on a year-over-year basis. During the same period in the prior year, the firm posted ($2.03) 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 announced a quarterly dividend on Wednesday, March 20th. Stockholders of record on Monday, April 1st will be given a dividend of $0.115 per share on Tuesday, April 16th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date is Thursday, March 28th.
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 0.38%.
Read our dividend analysis for MU.

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

Micron Technology issued an update on its third quarter 2024 earnings guidance on Wednesday, March, 20th. The company provided EPS guidance of 0.380-0.520 for the period, compared to the consensus estimate of 0.200. The company issued revenue guidance of $6.4 billion-$6.8 billion, compared to the consensus revenue estimate of $6.0 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 shareholders include IMC Chicago LLC (0.00%), Artemis Investment Management LLP (0.04%), Los Angeles Capital Management LLC (0.04%), Portman Square Capital LLP (0.00%), Salem Investment Counselors Inc. (0.03%) and Global Assets Advisory LLC (0.02%). Insiders that own company stock include 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.
Read More
This page (NASDAQ:MU) was last updated on 4/16/2024 by MarketBeat.com Staff

From Our Partners