Micron Technology, Inc. designs, manufactures, and sells memory and storage products worldwide.
Micron Technology stock last closed at $125.29, down 2.03% from the previous day, and has increased 92.99% in one year. It has overperformed other stocks in the Semiconductors industry by 0.48 percentage points. Micron Technology stock is currently +107.09% from its 52-week low of $60.50, and -4.02% from its 52-week high of $130.54.
At the moment, there are 1.11B shares of MU outstanding. The market cap of MU is $138.74B. In the last 24 hours, 12.75M MU shares were traded.
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You can see all of the due diligence checks on MU's stock page.
You can use many financial metrics, analyses, models, and charts to gauge MU's intrinsic value.
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You can access additional valuation research on MU's stock here.
Out of 22 Wall Street analysts who monitor MU, the consensus analyst rating on MU is a Strong Buy
Please note that analyst ratings are not recommendations, nor are they financial advice.
John Vinh, a top 1% analyst from KeyBanc maintains MU with a strong buy rating and raises their MU price target from $135.00 to $150.00, on Apr 8, 2024.
KeyBanc's John Vinh raised their price target on Micron Technology (NASDAQ: MU) by 11.1% from $135 to $150 on 2024/04/08. The analyst maintained their Strong Buy rating on the stock.
Vinh's price target hike on Micron Technology followed an analysis of KeyBanc's quarterly supply chain channel checks.
The data suggests the company offering has far better HBM3E (High Bandwidth Memory) thermal/power performance than the SK Hynix, which bodes well for Micron Technology, the analyst told investors.
Given Samsung's lack of competitiveness, Vinh sees Micron Technology as the clear "frontrunner" going into the B100/B200 ramp.
The analyst also predicted that the company will generate more than $1B in HBM sales in CY 2024 and significantly surpass its FY 2024 projection of several hundred million.
The stock is expected to be re-rated and acknowledged as an "AI" bet as investors realize how strong Micron Technology's position is in HBM, Vinh noted.
SK Hynix was the first memory vendor to announce that it had finished the development of HBM3 memory devices.
B100 and B200 are part of NVIDIA’s next-generation Blackwell architecture, designed to power AI accelerators and enhance performance in data centers and HPS (High-Performance Computing) scenarios
Christopher Danely, a top 6% analyst from Citigroup maintains MU with a strong buy rating and maintains their MU price target from $150.00 to $150.00, on Apr 4, 2024.
Vivek Arya, a top 2% analyst from Bank of America maintains MU with a strong buy rating and raises their MU price target from $120.00 to $144.00, on Apr 1, 2024.
Harsh Kumar, a top 1% analyst from Piper Sandler maintains MU with a strong buy rating and raises their MU price target from $95.00 to $130.00, on Mar 21, 2024.
Joseph Moore, a top 6% analyst from Morgan Stanley maintains MU with a strong sell rating and raises their MU price target from $78.00 to $98.00, on Mar 21, 2024.
You can dive deeper into what analysts are forecasting on the Micron Technology stock forecast page.
Last year, MU revenue was $18.31B. During the past five year, MU's revenue has gone up by -9.39% per year. This was slower than the Semiconductors industry average of 25.38%.
Dive into MU's earnings and revenue performance here.
In the last year, executives and large shareholders at MU have sold more shares than they have bought.
Michael W. Bokan, SVP Worldwide Sales of MU, was the latest MU insider to sell. They sold $1,851,300.00 worth of MU stock on May 14, 2024.
Learn more about who owns MU shares here.
Micron Technology pays a dividend of 0.37%, compared to the Semiconductors industry's average dividend yield of 9.16%. If you owned $1,000 worth of MU stock, you would have received $3.67 last year.
Find more data about Micron Technology dividend yield and history here.
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