In the latest trading session, 5.96 million Micron Technology Inc (NASDAQ:MU) shares changed hands as the company’s beta touched 1.23. With the company’s most recent per share price at $97.00 changing hands around $3.78 or 4.05% at last look, the market valuation stands at $108.07B. MU’s current price is a discount, trading about -62.41% off its 52-week high of $157.54. The share price had its 52-week low at $83.54, which suggests the last value was 13.88% up since then.

Analysts gave the Micron Technology Inc (MU) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.63. If we narrow down to specifics, the data shows that 0 out of 32 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 5 recommended MU as a Hold, 27 felt it is a Buy and 0 rated the stock as Underweight. Micron Technology Inc’s EPS for the current quarter is expected to be 1.44.

Micron Technology Inc (NASDAQ:MU) trade information

Instantly MU is in green as seen in intraday trades today. With action -7.06%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 15.25%, with the 5-day performance at -7.06% in the red. However, in the 30-day time frame, Micron Technology Inc (NASDAQ:MU) is 6.46% up.

The consensus price target for the stock as assigned by Wall Street analysts is 125, meaning bulls need an upside of 22.4% from its recent market value. According to analyst projections, MU’s forecast low is 57 with 165 as the target high. To hit the forecast high, the stock’s price needs a -70.1% plunge from its current level, while the stock would need to tank 41.24% for it to hit the projected low.

Micron Technology Inc (MU) estimates and forecasts

Year-over-year growth is forecast to reach 39.54% up from the last financial year.

Consensus estimates given by 23 financial analysts project the company’s revenue in the current quarter to hit an average of 7.93B. 9 analysts are of the opinion that Micron Technology Inc’s revenue for the current quarter will be 8.21B. The company’s revenue for the corresponding quarters a year ago was 5.82B and 6.81B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 36.21%. The estimates for the next quarter sales put growth at 20.57%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -33.89%. The 2025 estimates are for Micron Technology Inc earnings to increase by 440.62%, but the outlook for the next 5-year period is at 106.77% per year.

MU Dividends

Micron Technology Inc is expected to release its next quarterly earnings report in March. The 0.47% annual yield figure for the share gives it an annual dividend of 0.46. It is important to note, however, that the 0.47% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.

Micron Technology Inc (NASDAQ:MU)’s Major holders

BLACKROCK INC. holds the second largest percentage of outstanding shares, with 8.2943% or 91.82 million shares worth $12.08 billion as of 2024-06-30.

Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 35.17 shares estimated at $3.38 billion under it, the former controlled 3.16% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.61% of the shares, roughly 29.04 shares worth around $2.79 billion.