Micron Technology (MU) Stock Forecast, Price & News

30 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 and 23 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" MU shares.
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30 Wall Street analysts have issued 12 month price targets for Micron Technology's stock. Their MU share price forecasts range from $46.00 to $100.00. On average, they predict the company's stock price to reach $73.43 in the next year. This suggests a possible upside of 14.1% from the stock's current price.
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Micron Technology's stock was trading at $49.98 on January 1st, 2023. Since then, MU stock has increased by 28.8% and is now trading at $64.37.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 5th 2023.
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Micron Technology, Inc. (NASDAQ:MU) posted its earnings results on Wednesday, June, 28th. The semiconductor manufacturer reported ($1.43) earnings per share for the quarter, beating the consensus estimate of ($1.61) by $0.18. The semiconductor manufacturer earned $3.75 billion during the quarter, compared to analyst estimates of $3.65 billion. Micron Technology had a negative trailing twelve-month return on equity of 5.40% and a negative net margin of 16.02%. The firm's quarterly revenue was down 56.6% compared to the same quarter last year. During the same period last year, the firm posted $2.50 earnings per share.
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Micron Technology announced a quarterly dividend on Wednesday, June 28th. Investors of record on Monday, July 10th will be paid a dividend of $0.115 per share on Tuesday, July 25th. This represents a $0.46 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Friday, July 7th.
Read our dividend analysis for MU.

ETFs with the largest weight of Micron Technology (NASDAQ:MU) stock in their portfolio include First Trust Nasdaq Semiconductor ETF (FTXL), Engine No. 1 Transform Supply Chain ETF (SUPP), Qraft AI-Enhanced Next Value ETF (NVQ), Invesco Dynamic Semiconductors ETF (PSI), Strive U.S. Semiconductor ETF (SHOC), iShares Semiconductor ETF (SOXX), Invesco PHLX Semiconductor ETF (SOXQ) and VanEck Semiconductor ETF (SMH).

Micron Technology (NASDAQ:MU) pays an annual dividend of $0.46 per share and currently has a dividend yield of 0.71%.
Read our dividend analysis for MU.

Micron Technology updated its fourth quarter 2023 earnings guidance on Thursday, June, 29th. The company provided earnings per share guidance of -$1.26--$1.12 for the period, compared to the consensus earnings per share estimate of -$1.06. The company issued revenue guidance of $3.70 billion-$4.10 billion, compared to the consensus revenue estimate of $3.89 billion.

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.

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).

Micron Technology trades on the NASDAQ under the ticker symbol "MU."

Micron Technology's stock is owned by many different institutional and retail investors. Top institutional shareholders include Capital Research Global Investors (4.76%), Capital World Investors (1.95%), Geode Capital Management LLC (1.90%), Capital International Investors (1.41%), Bank of New York Mellon Corp (1.14%) and Northern Trust Corp (0.98%). 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.
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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.
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One share of MU stock can currently be purchased for approximately $64.37.

Micron Technology (NASDAQ:MU) has a market capitalization of $70.50 billion and generates $30.76 billion in revenue each year. The semiconductor manufacturer earns $8.69 billion in net income (profit) each year or ($2.68) on an earnings per share basis.

The company employs 48,000 workers across the globe.

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.