During the last session, Micron Technology Inc (NASDAQ:MU)’s traded shares were 22.35 million, with the beta value of the company hitting 1.21. At the end of the trading day, the stock’s price was $104.84, reflecting an intraday loss of -4.02% or -$4.39. The 52-week high for the MU share is $157.54, that puts it down -50.27 from that peak though still a striking 24.5% gain since the share price plummeted to a 52-week low of $79.15. The company’s market capitalization is $116.81B, and the average intraday trading volume over the past 10 days was 25.52 million shares, and the average trade volume was 21.87 million shares over the past three months.
Micron Technology Inc (MU) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.60. MU has a Sell rating from 0 analyst(s) out of 32 analysts who have looked at this stock. 5 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 27 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 1.97.
Micron Technology Inc (NASDAQ:MU) trade information
Micron Technology Inc (MU) registered a -4.02% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -4.02% in intraday trading to $104.84, hitting a weekly high. The stock’s 5-day price performance is 1.60%, and it has moved by 20.38% in 30 days. Based on these gigs, the overall price performance for the year is 17.48%. The short interest in Micron Technology Inc (NASDAQ:MU) is 33.9 million shares and it means that shorts have 2.09 day(s) to cover.
The consensus price target of analysts on Wall Street is $130, which implies an increase of 19.35% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $57 and $165 respectively. As a result, MU is trading at a discount of -57.38% off the target high and 45.63% off the low.
Micron Technology Inc (MU) estimates and forecasts
Statistics show that Micron Technology Inc has outperformed its competitors in share price, compared to the industry in which it operates. Micron Technology Inc (MU) shares have gone down -8.24% during the last six months, with a year-to-date growth rate more than the industry average at 430.77% against 17.10. In the rating firms’ projections, revenue will increase 39.24% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 7.93B as predicted by 25 analyst(s). Meanwhile, a consensus of 25 analyst(s) estimates revenue growth to 8.59B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 5.82B and 6.81B respectively. In this case, analysts expect current quarter sales to grow by 36.24% and then jump by 26.15% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -33.89%. While earnings are projected to return 443.52% in 2025, the next five years will return 15.05% per annum.
MU Dividends
Micron Technology Inc is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Micron Technology Inc is 0.46, with the dividend yield indicating at 0.44 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 0.33%.
Micron Technology Inc (NASDAQ:MU)’s Major holders
Micron Technology Inc insiders own 0.29% of total outstanding shares while institutional holders control 80.88%, with the float percentage being 81.11%. VANGUARD GROUP INC is the largest shareholder of the company, while 2392.0 institutions own stock in it. As of 2024-06-30, the company held over 97.69 million shares (or 8.8246% of all shares), a total value of $12.85 billion in shares.
The next largest institutional holding, with 91.82 million shares, is of BLACKROCK INC.’s that is approximately 8.2943% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $12.08 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Micron Technology Inc (MU) shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund . Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 35.17 shares. This amounts to just over 3.16 percent of the company’s overall shares, with a $3.69 billion market value. The same data shows that the other fund manager holds slightly less at 29.04, or about 2.61% of the stock, which is worth about $3.04 billion.
