Should I buy or sell Micron Technology stock right now?

25 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Micron Technology in the last year. There are currently 1 sell rating, 2 hold ratings and 22 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?

25 brokers have issued 12 month price targets for Micron Technology's shares. Their MU share price targets range from $65.00 to $115.00. On average, they predict the company's stock price to reach $94.95 in the next year. This suggests a possible upside of 11.9% 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 start of the year. Since then, MU stock has decreased by 0.5% and is now trading at $84.88. 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 Tuesday, March 26th 2024. View our MU earnings forecast .

How were Micron Technology's earnings last quarter?

Micron Technology, Inc. (NASDAQ:MU) released its quarterly earnings results on Wednesday, December, 20th. The semiconductor manufacturer reported ($0.95) EPS for the quarter, beating the consensus estimate 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 net margin of 42.47% and a negative trailing twelve-month return on equity of 14.44%. The business's revenue was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.15) 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, 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 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend 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 0.54%. Read our dividend analysis for MU .

What ETFs hold Micron Technology's stock?

ETFs with the largest weight of Micron Technology (NASDAQ:MU) stock in their portfolio include First Trust Nasdaq Semiconductor ETF (FTXL) , TCW Transform Supply Chain ETF (SUPP) , Qraft AI-Enhanced Next Value ETF (NVQ) , Invesco Semiconductors ETF (PSI) , Strive U.S. Semiconductor ETF (SHOC) , iShares Semiconductor ETF (SOXX) , Invesco PHLX Semiconductor ETF (SOXQ) and VanEck Semiconductor ETF (SMH) .

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

Micron Technology updated its second quarter 2024 earnings guidance on Wednesday, December, 20th. The company provided earnings per share 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 number of retail and institutional investors. Top institutional investors include Charles Schwab Investment Management Inc. (0.58%), Dimensional Fund Advisors LP (0.56%), Van ECK Associates Corp (0.53%), California Public Employees Retirement System (0.41%), Boston Partners (0.41%) and Jennison Associates LLC (0.37%). 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. Read More

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NASDAQ:MU

Micron Technology (MU) Stock Price, News & Analysis

$84.88

-0.29 (-0.34%)

(As of 02/8/2024 ET)

Compare

Today's Range: $84.53
▼
$86.03
50-Day Range: $73.13
▼
$89.24
52-Week Range: $52.76
▼
$90.04

Volume: 12.52 million shs
Average Volume: 13.62 million shs
Market Capitalization: $93.70 billion

P/E Ratio: N/A
Dividend Yield: 0.54%
Price Target: $94.95

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Micron Technology MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.84 Rating Score
Upside/Downside: 11.9% Upside
$94.95 Price Target
Short Interest: Healthy
1.82% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -2.35
Upright™ Environmental Score
News Sentiment: 0.54
Based on 11 Articles This Week
Insider Trading: Selling Shares
$24.08 M Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.99) to $6.51 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.

4.10 out of 5 stars

Computer And Technology Sector

132nd out of 578 stocks

Semiconductors & Related Devices Industry

24th out of 88 stocks

3.4

Analyst's Opinion

Consensus Rating
Micron Technology has received a consensus rating of Moderate Buy. The company's average rating score is 2.84, and is based on 22 buy ratings, 2 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $94.95, Micron Technology has a forecasted upside of 11.9% from its current price of $84.88.
Amount of Analyst Coverage
Micron Technology has been the subject of 22 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.0

Short Interest

Percentage of Shares Shorted
1.82% of the float of Micron Technology has been sold short.
Short Interest Ratio / Days to Cover
Micron Technology has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Micron Technology has recently decreased by 1.04%, indicating that investor sentiment is improving.

0.8

Dividend Strength

Dividend Yield
Micron Technology has a dividend yield of 0.54%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Micron Technology does not have a long track record of dividend growth.
Dividend Sustainability
Based on earnings estimates, Micron Technology will have a dividend payout ratio of 7.07% next year. This indicates that Micron Technology will be able to sustain or increase its dividend.

1.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Micron Technology has received a -11.11% net impact score from Upright. The largest negative impact of Micron Technology in category "GHG emissions" seems to be driven mostly by its "Non-volatile memory chips", "DRAM memory", and "Data center accelerator cards" products. See details.
Environmental Sustainability
The Environmental Impact score for Micron Technology is -2.35.

2.0

News and Social Media Coverage

News Sentiment
Micron Technology has a news sentiment score of 0.54. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 11 news articles for Micron Technology this week, compared to 18 articles on an average week.
Search Interest
187 people have searched for MU on MarketBeat in the last 30 days. This is an increase of 9% compared to the previous 30 days.
MarketBeat Follows
Only 71 people have added Micron Technology to their MarketBeat watchlist in the last 30 days. This is a decrease of -23% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Micron Technology insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $24,084,651.00 in company stock.
Percentage Held by Insiders
Only 0.32% of the stock of Micron Technology is held by insiders.
Percentage Held by Institutions
79.25% of the stock of Micron Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Micron Technology are expected to grow in the coming year, from ($0.99) to $6.51 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Micron Technology is -13.52, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Micron Technology is -13.52, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Micron Technology has a P/B Ratio of 2.11. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

MU Stock News Headlines

January 26, 2024 | marketbeat.com

AI growth propels semiconductor stocks to new highs (MU)

AI-driven demand catapults semiconductor stocks, propelled by Taiwan Semiconductor's stellar earnings, robust AI-related revenue, and upbeat forecast

January 23, 2024 | marketbeat.com

Taiwan back into gear, can ASML follow suit this quarter? (MU)

ASML could be the next stock in line to rally after the semiconductor industry shows signs of recovery in its price action as well as its fundamentals

February 8, 2024 | Behind the Markets (Ad)

Laser breakthrough could send stock soaring 2,467%

Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...

January 12, 2024 | marketbeat.com

Semiconductor sales grow; acceleration is in the forecast

Semiconductor sales returned to growth in Q4 2023 and are on track to grow by double-digits in 2024, led by AI and data center demand.

February 7, 2024 | msn.com

Micron (MU) Advances But Underperforms Market: Key Facts

February 6, 2024 | seekingalpha.com

Micron: HBM Technology Breakthrough But Fairly Valued

February 5, 2024 | msn.com

Semiconductors in spotlight as Citi ups 2024 sales estimates after strong December

February 3, 2024 | americanbankingnews.com

Micron Technology's (MU) Overweight Rating Reiterated at KeyCorp

February 8, 2024 | Chaikin Analytics (Ad)

This is the #1 Stock to Buy for the AI Tidal Wave

Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.

February 1, 2024 | americanbankingnews.com

Micron Technology (NASDAQ:MU) Receives "Overweight" Rating from KeyCorp

January 31, 2024 | seekingalpha.com

Micron: Immense Bullish Support Embedded Here - Minimal Margin Of Safety

January 31, 2024 | americanbankingnews.com

Sanjay Mehrotra Sells 45,000 Shares of Micron Technology, Inc. (NASDAQ:MU) Stock

January 29, 2024 | finance.yahoo.com

Heard on the Street Friday Recap: Intel Blues

January 26, 2024 | za.investing.com

Pro Research: Wall Street dives into Micron's market prospects

January 26, 2024 | bizjournals.com

Samsung picked Folsom for depth of local microchip hardware, software talent, executive says

January 25, 2024 | bizjournals.com

Samsung opens microchip research and development office in Folsom

January 24, 2024 | fool.com

Missed Out on Nvidia? 2 Incredibly Cheap Artificial Intelligence (AI) Stocks to Buy Before They Jump 47% to 95%

January 23, 2024 | markets.businessinsider.com

A Glimpse Into The Expert Outlook On Micron Technology Through 33 Analysts

January 20, 2024 | seekingalpha.com

Micron Is A Buy Going Into 2024

January 18, 2024 | benzinga.com

A Closer Look at Micron Technology's Options Market Dynamics

January 16, 2024 | finance.yahoo.com

AMD Stock Soars After KeyBanc’s Optimistic Outlook on AI Demand. Here’s Why.

January 16, 2024 | fool.com

2 Super Semiconductor Stocks (Besides Nvidia) to Buy Hand Over Fist in 2024