Micron Technology, Inc. (MU)

NASDAQ: MU · IEX Real-Time Price · USD
65.04
+2.72 (4.36%)
At close: Aug 12, 2022 4:00 PM
65.00
-0.04 (-0.06%)
After-hours: Aug 12, 2022 7:26 PM EDT
4.36%
Market Cap 71.75B
Revenue (ttm) 32.39B
Net Income (ttm) 9.92B
Shares Out 1.10B
EPS (ttm) 8.77
PE Ratio 7.42
Forward PE 9.16
Dividend $0.42 (0.64%)
Ex-Dividend Date Jul 8, 2022
Volume 16,059,864
Open 62.66
Previous Close 62.32
Day's Range 62.23 - 65.42
52-Week Range 51.40 - 98.45
Beta 1.28
Analysts Buy
Price Target 79.00 (+21.5%)
Earnings Date Sep 26, 2022

About MU

Micron Technology, Inc. designs, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded Business Unit. It provides memory and storage technologies comprises DRAM products, which are dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; NAND products that are non-volatile and re-writeable semiconductor storage devices; and NOR memory products, whi... [Read more...]

Industry Semiconductors & Semiconductor Equipment
Founded 1978
CEO Sanjay Mehrotra
Employees 45,000
Stock Exchange NASDAQ
Ticker Symbol MU
Full Company Profile

Financial Performance

In 2021, MU's revenue was $27.71 billion, an increase of 29.25% compared to the previous year's $21.44 billion. Earnings were $5.86 billion, an increase of 118.12%.

Financial Statements

Analyst Forecast

According to 45 analysts, the average rating for MU stock is "Buy." The 12-month stock price forecast is 79, which is an increase of 21.46% from the latest price.

Price Target
$79
(21.46% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Why GlobalFoundries, Micron Technology, and Applied Materials Soared Today

Electric vehicles will be getting big incentives and need lots of semiconductors, while a recent report on Apple put some market fears to rest.

Other symbols: AMATGFS

Stock Market Rally Rises On Inflation Data; Nvidia, Micron, Tesla, Disney In Focus: Weekly Review

The stock market rally continued to move higher, despite some intraday reversals and key warnings. Can the major indexes keep advancing?

Other symbols: DISNVDATSLA

Wolfe Research's Chris Senyek on buyback tax: Big companies may turn more domestic

Chris Senyek, Wolfe Research chief investment strategist, joins 'The Exchange' to discuss which companies will be hit the most from the Inflation Reduction Act tax on buybacks.

Other symbols: AMDAMZNNVDAZM

Better Buy: AMD vs. Micron Technology

Both semiconductor stocks have rallied of late, but which one should you be buying?

Other symbols: AMD

Semiconductor Stock Plunge: Buy, Sell or Hold?

This has been a bad week for semiconductor stocks so far, with NVDA and MU warning of significant demand destruction.

Other symbols: INTCNVDATSMTXN

Did Micron Technology and Nvidia Break the Semiconductor Market?

These semiconductor giants made a significant impact this week.

Other symbols: NVDA

Jim Cramer breaks down shares of Meta, Micron, Eli Lilly and more

'Mad Money' host Jim Cramer and the 'Squawk on the Street' team break down stocks to watch following the opening bell on Wednesday.

Other symbols: LLYMETA

Micron Warning Rattles Chip Stocks

It's been a tough week for chip stocks. On Monday, Nvidia had warned its revenues would be well below its guidance as gaming revenue slowed.

Micron Warning Adds to Evidence of Chip Demand Collapse

Semiconductors are under a lot of pressure as Micron Technology Inc.'s latest warning spooks the market. Su Keenan reports on Bloomberg Television.

Semi slump: Micron warns

Another warning from the chip sector, as Micron cuts its forecast 40 days after its last warning. With CNBC's Melissa Lee and the Fast Money traders, Guy Adami, Dan Nathan, Bonawyn Eison and Julie Biel.

Needham's Rajvindra Gill on semis: More downside before sector pops

Rajvindra Gill, Needham managing director, joins 'Closing Bell' to discuss to discuss Micron shares and the semiconductor sector.

Other symbols: NVDA

Can New Investments Help Micron (MU) Stock Turn Around?

Chip stocks have gotten a major boost in recent weeks thanks to Congress. Policymakers' big plan to bring chip manufacturing back to the U.S. will funnel billions into the market.

Why Micron, Applied Materials, and Skyworks Solutions Stocks Plunged Today

Another day, another chip company warns on cratering demand.

Other symbols: AMATSWKS

Micron to invest $40 billion in US memory manufacturing through end of decade

Micron's $40 billion investment is possible with the help of the CHIPS and Science Act, which includes $52.7 billion for American semiconductor financing.

Micron Rains on Government's Chip Parade

President Biden's signing of the Chips Act is greeted with a broad warning of demand slowdown by the memory-chip maker.

Micron Technology just made two big announcements

Micron Technology Inc (NASDAQ: MU) blamed “waning demand” and lowered its outlook for the current financial quarter on Tuesday. Shares are down 5.0% at the time of writing.

Watch for a retest of the bottom in semis, says Ritholtz's Josh Brown

CNBC's ‘Halftime Report' investment committee, Stephanie Link, Anastasia Amoroso, Josh Brown and Jim Lebenthal, discuss how to trade in semis as the sector slides.

Other symbols: AVGONVDASMH

Micron Warning Pulls Down Semiconductor Stocks

Memory-chip maker Micron Technology on Tuesday warned of weakening demand and lowered its sales target for the current quarter. The post Micron Warning Pulls Down Semiconductor Stocks appeared first on ...

Jim Cramer breaks down semiconductor stocks amid concerns over outlook

'Mad Money' host Jim Cramer and the 'Squawk on the Street' team break down shares of semiconductor companies like Nvidia, Micron, and more following the opening bell.

Other symbols: AMDAVGOINTCNVDAQCOM

We are very bullish on semiconductor stocks going into next year, says BofA's Vivek Arya

Vivek Arya, Bank of America analyst, joins 'TechCheck' to discuss how quickly chip-making companies can work through current headwinds, the technologies he is bullish on and his view of the CHIPS Act.

Other symbols: AMDINTCNVDAQCOM

The Chips and Science Act is 'leveling the playing field,' says Micron CEO

Micron CEO Sanjay Mehrotra joins CNBC's 'Squawk Box' to discuss the CHIPS Act, which President Joe Biden plans to sign on Tuesday. For access to live and exclusive video from CNBC subscribe to CNBC PRO:...

Lam Research, Applied Materials, KLA stocks drop after Micron says it will cut capital expenditures

Shares of chip-equipment companies Lam Research Corp. LRCX, -7.75% , Applied Materials Inc. AMAT, -6.93% and KLA Corp. KLAC, -6.59% are falling in Tuesday morning trading after Micron Technology Inc. MU...

Other symbols: AMATLRCX

Micron CEO on US Production Investment, Sales Forecast

Micron Technology CEO Sanjay Mehrotra discusses the semiconductor firm's plan to invest $40 billion in US-based memory chip manufacturing, fourth-quarter sales outlook, and managing product demand on "B...

Micron Technology, Inc. (MU) Is a Trending Stock: Facts to Know Before Betting on It

Micron (MU) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Micron reduces Q4 chip sales forecast, stock falls premarket

Yahoo Finance Live anchors Brad Smith, Julie Hyman and Brian Sozzi discuss Micron stock performance.