Micron Technology Inc (NASDAQ:MU)’s traded shares stood at 6.5 million during the latest session, with the company’s beta value hitting 1.26. At the last check today, the stock’s price was $67.76, to imply a decrease of -3.27% or -$2.29 in intraday trading. The MU share’s 52-week high remains $157.54, putting it -132.5% down since that peak but still an impressive 9.18% since price per share fell to its 52-week low of $61.54. The company has a valuation of $75.73B, with an average of 36.26 million shares in intraday trading volume over the past 10 days and average of 24.31 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 1.51. 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. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 1.58.
Micron Technology Inc (NASDAQ:MU) trade information
After registering a -3.27% 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 4.70%, and -28.58% over 30 days. With these gigs, the year-to-date price performance is -19.49%. Short interest in Micron Technology Inc (NASDAQ:MU) saw shorts transact 30.82 million shares and set a 1.51 days time to cover.
The extremes give us $112 and $140 for target low and target high price respectively. As such, MU has been trading -106.61% off suggested target high and -65.29% from its likely low.
Micron Technology Inc (MU) estimates and forecasts
The rating firms project that company’s revenue will grow 41.04% compared to the previous financial year.
Revenue forecast for the current quarter as set by 25 analysts is 8.81B. Meanwhile, for the current quarter, a total of 24 analyst(s) estimate revenue growth to 9.84B.Earnings reports from the last fiscal year show that sales brought in 6.81B and 7.75B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 29.28% before jumping 26.98% in the following quarter.
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 2025 is set for a 435.95% return in earnings, projections for the next 5 years are at 106.47% annually.
MU Dividends
Micron Technology Inc has its next earnings report out on 2025-Mar-19. 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 0.68% 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 0.27% of total outstanding shares, with institutional holders owning 82.96% of the shares at 83.19% float percentage. In total, 82.96% 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 INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-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 Dec 31, 2024 , VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund holds roughly 34.79 shares. This is just over 3.11% of the total shares, with a market valuation of $2.35 billion. Data from the same date shows that the other fund manager holds a little less at 30.01, or 2.69% of the shares, all valued at about 2.03 billion.
