In the last trading session, 16.82 million Micron Technology Inc (NASDAQ:MU) shares changed hands as the company’s beta touched 1.21. With the company’s per share price at $78.56 changed hands at -$1.22 or -1.53% during last session, the market valuation stood at $87.80B. MU’s last price was a discount, traded about -100.53% off its 52-week high of $157.54. The share price had its 52-week low at $61.54, which suggests the last value was 21.66% up since then. When we look at Micron Technology Inc’s average trading volume, we note the 10-day average is 22.8 million shares, with the 3-month average coming to 24.75 million.
Analysts gave the Micron Technology Inc (MU) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.51. 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 1.59.
Micron Technology Inc (NASDAQ:MU) trade information
Instantly MU was in red as seen at the end of in last trading. With action 17.71%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -6.65%, with the 5-day performance at 17.71% in the green. However, in the 30-day time frame, Micron Technology Inc (NASDAQ:MU) is -13.82% down. Looking at the short shares, we see there were 31.27 million shares sold at short interest cover period of 1.0 days.
The consensus price target for the stock as assigned by Wall Street analysts is 125, meaning bulls need an upside of 37.15% from its current market value. According to analyst projections, MU’s forecast low is 112 with 140 as the target high. To hit the forecast high, the stock’s price needs a -78.21% plunge from its current level, while the stock would need to soar -42.57% for it to hit the projected low.
Micron Technology Inc (MU) estimates and forecasts
Year-over-year growth is forecast to reach 41.15% up from the last financial year.
Consensus estimates given by 25 financial analysts project the company’s revenue in the current quarter to hit an average of 8.83B. 25 analysts are of the opinion that Micron Technology Inc’s revenue for the current quarter will be 9.85B. The company’s revenue for the corresponding quarters a year ago was 6.81B and 7.75B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 29.60%. The estimates for the next quarter sales put growth at 27.16%.
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 438.00%, but the outlook for the next 5-year period is at 105.11% per year.
MU Dividends
Micron Technology Inc is expected to release its next quarterly earnings report on 2025-Mar-19. The 0.59% annual yield figure for the share gives it an annual dividend of 0.46. It is important to note, however, that the 0.59% 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. During the past 5 years, the average dividend yield was 0.33 per year.
Micron Technology Inc (NASDAQ:MU)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.26% of Micron Technology Inc shares while 83.01% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 83.23%. There are 83.01% institutions holding the Micron Technology Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 8.8246% of the shares, roughly 97.69 million MU shares worth $12.85 billion.
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 Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard 500 Index Fund . With 34.79 shares estimated at $2.73 billion under it, the former controlled 3.11% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard 500 Index Fund held about 2.69% of the shares, roughly 30.01 shares worth around $2.36 billion.
