How to Buy Micron Technology Stock
Micron Technology Inc
Micron Technology, Inc. designs, manufactures, and sells memory and storage products worldwide.
Micron Technology stock last closed at $102.25, up 0.42% from the previous day, and has increased 50.12% in one year. It has overperformed other stocks in the Semiconductors industry by 0.19 percentage points. Micron Technology stock is currently +60.08% from its 52-week low of $63.88, and -35.09% from its 52-week high of $157.54.
There are currently 1.11B MU shares outstanding. The market capitalization of MU is $113.37B. In the last 24 hours, 21.87M MU shares were traded.
How to Buy Micron Technology Stock
Wondering how to invest in Micron Technology stock? Here's how.
- Decide where to buy Micron Technology stock: You need to pick an online brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you determine where to buy Micron Technology stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit funds into your investment account: Choose your payment method and add your details.
- Research Micron Technology stock: The Micron Technology ticker symbol is MU. Is Micron Technology stock a good investment? Should you buy shares of MU? How do MU's underlying business fundamentals look? Do top analysts think Micron Technology is a good buy? Why has MU's stock price moved recently? (Hint: Our stock analysis website can help you understand if MU is a good stock to buy).
- Make your MU purchase: Decide if you will purchase MU shares at the current market price or use a limit order to buy MU shares at a given price.
- Get key alerts regarding your investment in MU: Create a watchlist to important notifications about your investment in Micron Technology shares.
Step 1: Decide where to buy Micron Technology stock
You will need an online brokerage account to access the NASDAQ market and buy MU stock.
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Open eToro AccountStep 2: Create your brokerage account
Now that you've chosen your brokerage, you'll need to fill out some personal details so you can buy MU today.
How to Open a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to start a new brokerage account.
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Step 3: Deposit funds into your investment account
Now that you have created your account on the best investment app, you can securely and quickly fund your account:
Watch the walkthrough below if you need help depositing money into your new brokerage account.
Step 4: Research Micron Technology stock
After you have identified the best place to buy Micron Technology stock, it's very important to evaluate their stock before you invest, so you truly comprehend the risk as well as the upside.
Micron Technology stock quick numbers
MU Overview
WallStreetZen was built to help everyday investors do better fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on MU's stock page.
Is MU stock overvalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge MU's fair value.
Using relative valuations ratios:
- MU may be overvalued based on its P/E ratio of 146.07x, relative to Semiconductors industry P/E ratio of 76.24x
- MU could be undervalued based on its P/B ratio of 2.51x, relative to Semiconductors industry P/B ratio of 9.57x
- MU could be undervalued based on its PEG ratio of 0.77x
You can access more valuation analysis on MU's stock here.
Is MU a healthy company?
Positive Financial Indicators:
- There are more short-term assets than short-term liabilities on the MU balance sheet.
- There are more short-term assets than long-term liabilities on the MU balance sheet.
- MU profit margin has gone up from -37.5% to 3.1% in the past year.
- MU's operating cash flow of $8.51B allows it to safely service it's debt of $14.01B.
Negative Financial Indicators:
- Total MU debt is higher than 5 years ago, relative to shareholder equity.
- MU has a relatively high debt to equity ratio of 0.54.
- MU earnings of $1.79B is not sufficient to cover its interest payments.
Is it a good time to buy MU stock, according to Wall Street analysts?
Out of 21 Wall Street analysts who research MU, the consensus analyst rating on MU is a Strong Buy
Please keep in mind that analyst ratings are not recommendations, nor are they investment advice.
Most Recent MU Analyst Recommendations
Karl Ackerman, a top 26% analyst from TD Cowen maintains MU with a strong buy rating and raises their MU price target from $115.00 to $135.00, on Sep 26, 2024.
Joseph Moore, a top 4% analyst from Morgan Stanley maintains MU with a hold rating and raises their MU price target from $100.00 to $114.00, on Sep 26, 2024.
Matt Bryson, a top 2% analyst from Wedbush reiterates MU with a buy rating and maintains their MU price target from $140.00 to $140.00, on Sep 26, 2024.
Mehdi Hosseini, a top 15% analyst from Susquehanna maintains MU with a strong buy rating and lowers their MU price target from $175.00 to $165.00, on Sep 26, 2024.
Susquehanna's Mehdi Hosseini lowered their price target on Micron Technology (NASDAQ: MU) by 5.7% from $175 to $165 on 2024/09/26. The analyst maintained their Strong Buy rating on the stock.
Micron Technology reported its Q4 and FY 2024 earnings on 2024/09/25.
Looking ahead, Hosseini told readers that Susquehanna updated its estimates post-print and "is using this time to introduce FY/CY 2026 EPS estimates."
All in all, the analyst said, "with management's guidance and commentary much better than feared and the earnings opportunity reset at 'a base' of $10, the stock's current valuation is attractive."
Earnings Report
Micron Technology reported:
For Q1 2024:
- EPS of $1.18, which beat the Zacks Consensus Estimate of $1.10 and Q4 2023's loss per share of $1.07.
- Revenue of $7.75B, which beat the Zacks Consensus Estimate of $7.64B and, by 93%, Q4 2023's $4.01B.
For FY 2024:
- EPS of $1.30, up from FY 2023's loss per share of $4.45.
- Revenue of $25.11B, up from FY 2023's $15.54B.
For Q1 2025, management guided:
- EPS of $1.66 to $1.82.
- Revenue of $8.5B to $8.9B.
President & CEO Sanjay Mehrotra commented: “Micron delivered 93% Y/Y revenue growth in fiscal Q4, as robust AI demand drove a strong ramp of our data center DRAM products and our industry-leading high bandwidth memory.
"Our NAND revenue record was led by data center SSD sales, which exceeded $1B in quarterly revenue for the first time.
“We are entering FY 2025 with the best competitive positioning in Micron's history.
"We forecast record revenue in Q1 2025 and a substantial revenue record with significantly improved profitability in FY 2025.”
Quinn Bolton, a top 1% analyst from Needham reiterates MU with a buy rating and maintains their MU price target from $140.00 to $140.00, on Sep 26, 2024.
You can dig deeper into what analysts are projecting on the Micron Technology stock forecast page.
MU Momentum
MU Performance Numbers
Last year, MU earnings were $778.00M. In the last five year, MU's earnings have gone up by -34.19% per year. This was slower than the Semiconductors industry average of 45.04%.
Last year, MU revenue was $25.11B. During the last 5 year, MU's revenue has grown by 1.42% per year. This was slower than the Semiconductors industry average of 35.34%.
You can analyze MU's earnings and revenue performance here.
What are MU executives and large shareholders up to?
In the past 12 months, executives and large shareholders at MU have sold more shares than they have bought.
April S. Arnzen, EVP and Chief People Officer of MU, was the latest MU insider to sell. They sold $552,570.00 worth of MU stock on Sep 26, 2024.
Learn more about who owns MU shares here.
Does MU provide a stable income stream?
Micron Technology pays a dividend of 0.34%, compared to the Semiconductors industry's average dividend yield of 2.34%. If you owned $1,000 of MU stock, you would have been paid $3.37 last year.
Get more info about Micron Technology dividend yield and history here.
What others are saying about MU
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Step 5: Make your MU purchase
You have two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly sufficient. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a specific price limit, place a limit order.
Hit the Open button and your broker will place the order.
If you require more info about investing in stocks on eToro, watch the how to video below:
Step 6: Get key alerts regarding your investment in MU
Now that you own some MU shares, you'll want to keep up with your new stock purchase.
Put MU on a watchlist to see the latest developments about your MU stock.
MU Feed
How to Buy Stock in Micron Technology
To summarize, here are the 6 steps to buy stock in Micron Technology:
- Decide where to buy Micron Technology stock
- Create your brokerage account
- Deposit funds into your investment account
- Research Micron Technology stock
- Make your MU purchase
- Get key alerts regarding your investment in MU
If you are looking for a online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to keep an eye on your new investment in Micron Technology, get started below.
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