In last trading session, Micron Technology Inc (NASDAQ:MU) saw 26.3 million shares changing hands with its beta currently measuring 1.26. Company’s recent per share price level of $72.93 trading at $2.72 or 3.87% at ring of the bell on the day assigns it a market valuation of $81.50B. That closing price of MU’s stock is at a discount of -116.02% from its 52-week high price of $157.54 and is indicating a premium of 15.62% from its 52-week low price of $61.54. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 32.07 million shares which gives us an average trading volume of 24.71 million if we extend that period to 3-months.
For Micron Technology Inc (MU), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.51. Splitting up the data highlights that, out of 32 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 5 suggested the stock as a Hold whereas 27 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 1.58 in the current quarter.
Micron Technology Inc (NASDAQ:MU) trade information
Upright in the green during last session for gaining 3.87%, in the last five days MU remained trading in the green while hitting it’s week-highest on Wednesday, 04/23/25 when the stock touched $72.93 price level, adding 3.28% to its value on the day. Micron Technology Inc’s shares saw a change of -13.34% in year-to-date performance and have moved 2.66% in past 5-day. Micron Technology Inc (NASDAQ:MU) showed a performance of -24.77% in past 30-days. Number of shares sold short was 28.55 million shares which calculate 1.22 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 125 to the stock, which implies a rise of 41.66% to its current value. Analysts have been projecting 112 as a low price target for the stock while placing it at a high target of 140. It follows that stock’s current price would drop -53.57% in reaching the projected high whereas dropping to the targeted low would mean a loss of -53.57% for stock’s current value.
Micron Technology Inc (MU) estimates and forecasts
This year revenue growth is estimated to rise 41.12% from the last financial year’s standing.
25 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 8.81B for the same. And 25 analysts are in estimates of company making revenue of 9.85B in the next quarter. Company posted 6.81B and 7.75B of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -33.89% during past 5 years. In 2025, company’s earnings growth rate is likely to be around 437.39% while estimates for its earnings growth in next 5 years are of 106.47%.
MU Dividends
Micron Technology Inc is more likely to be releasing its next quarterly report on 2025-Mar-19 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 0.63%, the share has a forward dividend of 0.46 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 0.33%.
Micron Technology Inc (NASDAQ:MU)’s Major holders
Insiders are in possession of 0.26% of company’s total shares while institution are holding 83.01 percent of that, with stock having share float percentage of 83.23%. Investors also watch the number of corporate investors in a company very closely, which is 83.01% institutions for Micron Technology Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at MU for having 97.69 million shares of worth $12.85 billion. And as of 2024-06-30, it was holding 8.8246 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 91.82 million shares on 2024-06-30. The number of shares represents firm’s hold over 8.2943 of outstanding shares, having a total worth of $12.08 billion.
On the other hand, VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard 500 Index Fund are the top two Mutual Funds which own company’s shares. As of Dec 31, 2024 , the former fund manager was holding 34.79 shares of worth $2.54 billion or 3.11% of the total outstanding shares. The later fund manager was in possession of 30.01 shares on Dec 31, 2024 , making its stake of worth around $2.19 billion in the company or a holder of 2.69% of company’s stock.