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Micron (MU)
NASDAQ:MU
Micron (MU) Stock Price & Analysis
26,792 Followers
MU Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$60.15 - $157.54
Previous Close$136.82
Volume29.34M
Average Volume (3M)21.41M
Market Cap
$151.71B
Enterprise Value$157.20B
Total Cash (Recent Filing)$8.38B
Total Debt (Recent Filing)$13.87B
Price to Earnings (P/E)―
Beta1.34
Next Earnings
Sep 26, 2024EPS Estimate
$1.11Next Dividend Ex-Date
Jul 08, 2024Dividend Yield0.34%
Share Statistics
EPS (TTM)-1.42
Shares Outstanding1,107,368,110
10 Day Avg. Volume24,550,113
30 Day Avg. Volume21,410,169
Standard Deviation0.11
R-Squared0.33
Alpha0.01
Financial Highlights & Ratios
Price to Book (P/B)3.65
Price to Sales (P/S)38.53
Price to Cash Flow (P/CF)31.70
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue7.36
Enterprise Value/Gross Profit-111.02
Enterprise Value/Ebitda24.47
Forecast
1Y Price Target
$161.38Price Target Upside22.63% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering27
Micron News
Bulls Say, Bears Say
Bulls Say
Government IncentivesMicron has a memorandum of terms with the US Department of Commerce for up to $6.1B in direct CHIPS Act funding and is eligible for up to $7.5B in federal loans.
Product DemandMicron is well-positioned to be a major beneficiary of multi-year AI-driven growth in memory and storage demand from data centers to the edge.
RevenueHBM3e revenue exceeded $100 million in the May quarter and is fully sold out for the next two years with most 2025 pricing contracted.
Bears Say
Capital ExpenditureFY25 capital expenditure is expected to be significantly above previous expectations, potentially exceeding $14 billion.
Financial PerformanceHigh volatility in product ASP and demand from consumer electronics.
Natural Disasters ImpactMicron's DRAM manufacturing in Taiwan is not yet at full production following an earthquake.
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Ownership Overview
1.46% Insiders
27.74% Mutual Funds
21.69% Other Institutional Investors
49.11% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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MU FAQ
What was Micron’s price range in the past 12 months?
Micron lowest stock price was $60.15 and its highest was $157.53 in the past 12 months.
What is Micron’s market cap?
Currently, no data Available
When is Micron’s upcoming earnings report date?
Micron’s upcoming earnings report date is Sep 26, 2024 which is in 83 days.
How were Micron’s earnings last quarter?
Micron released its earnings results on Jun 26, 2024. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.14.
Is Micron overvalued?
According to Wall Street analysts Micron’s price is currently Undervalued.
Does Micron pay dividends?
Micron pays a Quarterly dividend of $0.12 which represents an annual dividend yield of 0.34%. See more information on Micron dividends here
What is Micron’s EPS estimate?
Micron’s EPS estimate is $1.11.
How many shares outstanding does Micron have?
Micron has 1,108,841,300 shares outstanding.
What happened to Micron’s price movement after its last earnings report?
Micron reported an EPS of $0.62 in its last earnings report, beating expectations of $0.48. Following the earnings report the stock price went down -7.116%.
Which hedge fund is a major shareholder of Micron?
Among the largest hedge funds holding Micron’s share is PRIMECAP Management Co. It holds Micron’s shares valued at 4B.
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Micron Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$161.38 (22.63% Upside)
$161.38 (22.63% Upside)
Blogger Sentiment
Bullish
MU Sentiment 79%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 3.1M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $22.1M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 1.1%
Last 30 Days ▲ 20.7%
Last 30 Days ▲ 20.7%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
115.37%
12-Months-Change
Fundamentals
Return on Equity
-3.43%
Trailing 12-Months
Asset Growth
0.88%
Trailing 12-Months
Company Description
Micron
Founded in 1978 and based in Idaho, Micron Technology, Inc. is a leader in providing innovative memory and storage solutions worldwide. It produces computer memory and computer data storage including dynamic random-access memory, flash memory, and USB flash drives. The company operates through four segments: Compute and Networking Business Unit (CNBU); Mobile Business Unit (MBU); Storage Business Unit (SBU); and Embedded Business Unit (EBU).
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MU Company Deck
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MU Earnings Call
Q3 2024
0:00 / 0:00
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MU Revenue Breakdown
36.74% Compute and Networking Business Unit
23.40% Embedded Business Unit
23.36% Mobile Business Unit
16.43% Storage Business Unit
0.06% Other
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MU Stock 12 Month Forecast
Average Price Target
$161.38
▲(22.63% Upside)
Technical Analysis
Best Analysts Covering MU
1 Year
1 Year Success Rate
32/45 ratings generated profit
1 Year Average Return
+42.45%
reiterated a buy rating 9 days ago
Copying Timothy Arcuri's trades and holding each position for 1 Year would result in 71.11% of your transactions generating a profit, with an average return of +42.45% per trade.
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