Micron Technology Inc (NASDAQ:MU)’s traded shares stood at 3.34 million during the latest session, with the company’s beta value hitting 1.16. At the last check today, the stock’s price was $88.11, to imply a decrease of -1.91% or -$1.71 in intraday trading. The MU share’s 52-week high remains $157.54, putting it -78.8% down since that peak but still an impressive 10.17% since price per share fell to its 52-week low of $79.15. The company has a valuation of $98.16B, with an average of 37.93 million shares in intraday trading volume over the past 10 days and average of 21.64 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Micron Technology Inc (MU), translating to a mean rating of 1.58. Of 32 analyst(s) looking at the stock, 0 analyst(s) give MU a Sell rating. 0 of those analysts rate the stock as Overweight while 5 advise Hold as 27 recommend it as a Buy.
Micron Technology Inc (NASDAQ:MU) trade information
After registering a -1.91% downside in the latest session, Micron Technology Inc (MU) has traded red over the past five days. The 5-day price performance for the stock is 1.17%, and -13.45% over 30 days. With these gigs, the year-to-date price performance is 3.24%. Short interest in Micron Technology Inc (NASDAQ:MU) saw shorts transact 33.9 million shares and set a 2.09 days time to cover.
The extremes give us $57 and $170 for target low and target high price respectively. As such, MU has been trading -92.94% off suggested target high and 35.31% from its likely low.
Micron Technology Inc (MU) estimates and forecasts
Looking at statistics comparing Micron Technology Inc share performance against respective industry, we note that the company has outperformed competitors. Micron Technology Inc (MU) shares are -33.02% down over the last 6 months, with its year-to-date growth rate higher than industry average at 427.69% against 17.60%.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -33.89% for the past 5-year period. While 2024 is set for a 477.67% return in earnings, projections for the next 5 years are at 15.05% annually.
MU Dividends
Micron Technology Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Micron Technology Inc has a forward dividend ratio of 0.46, with the share yield ticking at 0.52% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.33%.
Micron Technology Inc (NASDAQ:MU)’s Major holders
Micron Technology Inc insiders hold 0.29% of total outstanding shares, with institutional holders owning 80.88% of the shares at 81.11% float percentage. In total, 80.88% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 97.69 million shares (or 8.8246% of shares), all amounting to roughly $12.85 billion.
The next major institution holding the largest number of shares is BLACKROCK INC. with 91.82 million shares, or about 8.2943% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $12.08 billion.
We also have Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund as the top two Mutual Funds with the largest holdings of the Micron Technology Inc (MU) shares. Going by data provided on Sep 30, 2024 , Vanguard Total Stock Market Index Fund holds roughly 35.17 shares. This is just over 3.16% of the total shares, with a market valuation of $3.1 billion. Data from the same date shows that the other fund manager holds a little less at 29.04, or 2.61% of the shares, all valued at about 2.56 billion.
