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Micron Technology (MU) Stock Price, News & Analysis

-1.29 (-1.02%)
(As of 05/31/2024 08:51 PM ET)
Today's Range
50-Day Range
52-Week Range
24.15 million shs
Average Volume
19.35 million shs
Market Capitalization
$138.42 billion
P/E Ratio
Dividend Yield
Price Target

Micron Technology MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.96 Rating Score
1.7% Upside
$127.12 Price Target
Short Interest
2.33% of Float Sold Short
Dividend Strength
Based on Four Factors
Upright™ Environmental Score
News Sentiment
0.73mentions of Micron Technology in the last 14 days
Based on 34 Articles This Week
Insider Trading
Selling Shares
$48.48 M Sold Last Quarter
Proj. Earnings Growth
From $0.29 to $6.98 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.

4.03 out of 5 stars

Computer And Technology Sector

146th out of 596 stocks

Semiconductors & Related Devices Industry

26th out of 89 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

AI Is Booming, But Not For These Stocks …Yet (MU)
AI is booming for a few key players like NVIDIA, Microsoft, Oracle, and Micron; the big gains will come later for MongoDB, UiPath, and Dell Technologies.
The Rate Cut Party is Postponed, Not for These Stocks
Over the past five months, the stock market may have gotten away from itself. The Federal Reserve has kept stock market indexes at historically high levels through its interest rate cuts narrative.
The Rate Cut Party is Postponed, Not for These Stocks (MU)
With uncertain rate cuts this year, analysts land on three stocks to potentially deliver above average EPS growth for investors looking to beat high inflation
The 4 Horsemen of the Generative AI Revolution (MU)
These four stocks are the strongest players in the AI revolution and are in a position to drive increasing shareholder value for years.
MarketBeat Week in Review – 5/20 - 5/24 (MU)
The market sold off sharply despite a strong earnings report from Nvidia; a short trading week will include economic reports that could bring more volatility
Micron is the NVIDIA of Memory: That's Why it Set a New High
Micron Technology's NASDAQ: MU stock price is surging and will hit new highs this year. The reason is simple.
Micron is the NVIDIA of Memory: That’s Why it Set a New High
Micron is on the cusp of new highs and another $75 rally driven by its growing importance to AI. Micron HBM3 chips are where it's at regarding AI memory.
Micron Stock: Even With A 150% Gain, Analysts Want More
Shares of Micron Technology NASDAQ: MU have been enjoying a remarkable rally, with its stock effectively doubling over the past 12 months alone. Since the start of 2023, its shares have jumped 150%.
Micron Technology (NASDAQ:MU) Trading Up 1.5%
See More Headlines
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Company Calendar

Last Earnings
Ex-Dividend for 4/16 Dividend
Dividend Payable
Next Earnings (Confirmed)
Fiscal Year End

Industry, Sector and Symbol

Semiconductors & related devices
Year Founded

Price Target and Rating

Average Stock Price Target
High Stock Price Target
Low Stock Price Target
Potential Upside/Downside
Consensus Rating
Moderate Buy
Rating Score (0-4)
Research Coverage
26 Analysts


Net Income
Pretax Margin


Sales & Book Value

Annual Sales
$15.54 billion
Cash Flow
$2.21 per share
Book Value
$40.18 per share


Outstanding Shares
Free Float
Market Cap
$138.42 billion

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MU Stock Analysis - Frequently Asked Questions

Should I buy or sell Micron Technology stock right now?

26 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Micron Technology in the last year. There are currently 1 hold rating and 25 buy ratings for the stock. The consensus among Wall Street equities 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 equities research analysts have issued 1-year target prices for Micron Technology's shares. Their MU share price targets range from $80.00 to $155.00. On average, they expect the company's share price to reach $127.12 in the next twelve months. This suggests a possible upside of 1.7% 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 46.5% and is now trading at $125.00.
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 can I listen to Micron Technology's earnings call?

Micron Technology will be holding an earnings conference call on Wednesday, June 26th 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 earnings results on Wednesday, March, 20th. The semiconductor manufacturer reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of ($0.27) by $0.69. The semiconductor manufacturer had revenue of $5.82 billion for 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 business's revenue for the quarter was up 57.7% compared to the same quarter last year. During the same period in the prior year, the business earned ($2.03) 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, 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 annualized dividend and a dividend yield of 0.37%. 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 0.37%.
Read our dividend analysis for MU.

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

Micron Technology updated its third quarter 2024 earnings guidance on Wednesday, March, 20th. The company provided earnings per share 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 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 many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.76%), Capital Research Global Investors (2.49%), Capital World Investors (2.05%), Capital International Investors (1.65%), Price T Rowe Associates Inc. MD (1.65%) and Van ECK Associates Corp (0.68%). 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.
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This page (NASDAQ:MU) was last updated on 6/3/2024 by Staff

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