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Micron Technology (MU) Stock Price, News & Analysis

+5.62 (+3.80%)
(As of 06/18/2024 ET)
Today's Range
50-Day Range
52-Week Range
41.69 million shs
Average Volume
19.25 million shs
Market Capitalization
$169.93 billion
P/E Ratio
Dividend Yield
Price Target

Micron Technology MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.96 Rating Score
10.1% Downside
$137.92 Price Target
Short Interest
2.41% of Float Sold Short
Dividend Strength
Based on Four Factors
Upright™ Environmental Score
News Sentiment
0.79mentions of Micron Technology in the last 14 days
Based on 46 Articles This Week
Insider Trading
Selling Shares
$44.48 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.

3.84 out of 5 stars

Computer And Technology Sector

172nd out of 585 stocks

Semiconductors & Related Devices Industry

29th out of 86 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

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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.
Micron Technology logo on the screen of an exchange
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.
Micron Technology logo on the screen of an exchange
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
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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.
Historic NVIDIA partnership could send this tiny AI stock soaring...
After striking partnerships with trillion-dollar chipmaker NVIDIA... ARM surged over 60% in a week... Who's next?
Financial markets news icon
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 Technology logo displayed on mobile phone screen
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 Technology logo displayed on mobile phone screen
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.
ARM, Micron poised to benefit from Edge AI trends: analysts
3 Stocks to Supercharge Your Portfolio for 2024's Second Act
Micron Technology (NASDAQ:MU) Shares Gap Up After Analyst Upgrade
Micron Technology (NASDAQ:MU) Shares Up 1.2% on Analyst Upgrade
Micron Technology (NASDAQ:MU) Price Target Raised to $180.00
Micron Technology (NASDAQ:MU) Price Target Raised to $185.00
Micron Technology Is Positioned For AI Factory Growth
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
$2.40 per share
Book Value
$40.18 per share


Outstanding Shares
Free Float
Market Cap
$169.93 billion

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


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

  • Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products worldwide, positioning itself in a growing market with high demand for such products.
  • The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit, diversifying its revenue streams and reducing risk.
  • Micron provides memory and storage solutions for a wide range of applications, including data centers, smartphones, automotive, and more, showcasing its versatility and adaptability to changing market trends.
  • Recent developments in technology have increased the demand for memory and storage products, benefiting companies like Micron Technology, Inc. with a positive outlook for future growth.
  • Despite fluctuations in the stock market, Micron Technology, Inc. has shown resilience and potential for long-term growth, making it an attractive investment option.


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

  • While Micron Technology, Inc. operates in a growing market, it also faces stiff competition from other major players in the memory and storage industry, which could impact its market share and profitability.
  • The company's financial performance is subject to fluctuations in demand for memory and storage products, which can be influenced by macroeconomic factors and technological advancements, leading to potential revenue volatility.
  • Investing in Micron Technology, Inc. involves exposure to risks associated with the semiconductor industry, including supply chain disruptions, regulatory changes, and geopolitical tensions that could impact the company's operations and financial performance.
  • Market conditions and consumer preferences can change rapidly, affecting the demand for Micron's products and potentially leading to inventory management challenges and pricing pressures that may impact the company's profitability.
  • Considering the current stock price of Micron Technology, Inc. and its valuation metrics, investors should carefully assess the company's financial health and growth prospects before making investment decisions to ensure a balanced portfolio.
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 Tuesday, June 11, 2024. Please send any questions or comments about these Micron Technology pros and cons to

MU Stock Analysis - Frequently Asked Questions

Should I buy or sell Micron Technology stock right now?

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Micron Technology in the last twelve months. There are currently 1 hold rating and 25 buy ratings for the stock. The consensus among Wall Street 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 Wall Street research analysts have issued 12 month price targets for Micron Technology's shares. Their MU share price targets range from $80.00 to $185.00. On average, they expect the company's stock price to reach $137.92 in the next year. This suggests that the stock has a possible downside of 10.1%.
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 shares have increased by 79.8% and is now trading at $153.45.
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 quarterly earnings results on Wednesday, March, 20th. The semiconductor manufacturer reported $0.42 earnings per share for the quarter, beating the consensus estimate of ($0.27) by $0.69. The semiconductor manufacturer earned $5.82 billion during the quarter, compared to analysts' expectations 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 company's revenue for the quarter was up 57.7% compared to the same quarter last year. During the same period in the previous year, the company 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 declared a quarterly dividend on Wednesday, March 20th. Stockholders of record on Monday, April 1st will be paid a dividend of $0.115 per share on Tuesday, April 16th. This represents a $0.46 dividend on an annualized basis and a yield of 0.30%. 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 0.33%.
Read our dividend analysis for MU.

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 a variety of retail and institutional investors. Top institutional shareholders 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 6/19/2024 by Staff

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