In today’s recent session, 9.07 million shares of the Micron Technology Inc (NASDAQ:MU) have been traded, and its beta is 1.17. Most recently the company’s share price was $94.77, and it changed around $0.59 or 0.62% from the last close, which brings the market valuation of the company to $105.91B. MU at last check was trading at a discount to its 52-week high of $157.54, offering almost -66.23% off that amount. The share price’s 52-week low was $83.54, which indicates that the recent value has risen by an impressive 11.85% since then. We note from Micron Technology Inc’s average daily trading volume that its 10-day average is 26.92 million shares, with the 3-month average coming to 22.72 million.
Micron Technology Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.52. If we narrow it down even further, the data shows that 0 out of 40 analysts rate the stock as a Sell; another 7 rate it as Overweight. Among the rest, 5 recommended MU as a Hold, whereas 27 deemed it a Buy, and 1 rated it as Underweight. Micron Technology Inc is expected to report earnings per share of 1.58 for the current quarter.
Micron Technology Inc (NASDAQ:MU) trade information
Instantly MU has been showing a green trend so far today with a performance of 0.62% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 104.69 on recent trading dayincreased the stock’s daily price by 9.48%. The company’s shares are currently up 12.60% year-to-date, but still down -7.15% over the last five days. On the other hand, Micron Technology Inc (NASDAQ:MU) is 1.66% up in the 30-day period. We can see from the shorts that 30.82 million shares have been sold at a short interest cover period of 1.51 day(s).
The consensus price target as assigned by Wall Street analysts is $125, which translates to bulls needing to increase their stock price by 24.18% from its current value. Analyst projections state that MU is forecast to be at a low of $57 and a high of $140.
Micron Technology Inc (MU) estimates and forecasts
The year-over-year growth rate is expected to be 40.93%, up from the previous year.
Consensus estimates provided by 25 financial analysts predict the company will bring in an average of 8.81B in revenue for the current quarter. 24 analysts expect Micron Technology Inc to make 9.84B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 6.81B and 7.75B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 29.28%. Forecasts for the next quarter put sales growth at 26.93%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -33.89%. Micron Technology Inc earnings are expected to increase by 435.61% in 2025, but the outlook is positive 108.53% per year for the next five years.
MU Dividends
Micron Technology Inc’s next quarterly earnings report is expected to be released on 2025-Mar-19. The annual dividend yield of the stock is 0.49 percent and its annual dividend per share was 0.46. It is important to note, however, that the 0.49% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 0.33 per year.
Micron Technology Inc (NASDAQ:MU)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.27% of Micron Technology Inc shares, and 82.96% of them are in the hands of institutional investors. The stock currently has a share float of 83.19%. Micron Technology Inc stock is held by 2405.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 8.8246% of the shares, which is about 97.69 million shares worth $12.85 billion.
BLACKROCK INC., with 8.2943% or 91.82 million shares worth $12.08 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Dec 31, 2024. The former held 34.79 shares worth $3.3 billion, making up 3.11% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 30.01 shares worth around $2.84 billion, which represents about 2.69% of the total shares outstanding.
