Important Facts About Micron Technology Stock

By Susan Ramirez • Thursday, January 12 12:02 • Permanent Link

Shares of Technology sector company Micron Technology moved -2.2% today, and are now trading at a price of $56.8. The large-cap stock's daily volume was 5,907,151 compared to its average volume of 16,779,025. The S&P 500 index returned a 0.2% performance.

Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products worldwide. The company is based in Boise and has 49,000 full time employees. Its market capitalization is $61,979,025,408. Micron Technology currently offers its equity investors a dividend that yields 0.8% per year.

31 analysts are following Micron Technology and have set target prices ranging from $45 to $100 per share. On average, they have given the company a rating of buy. At today's prices, MU is trading -11.49% away from its average analyst target price of $64.17 per share.

Over the last year, MU shares have gone down by -39.3%, which represents a difference of -24.5% when compared to the S&P 500. The stock's 52 week high is $98.11 per share and its 52 week low is $48.43. With average free cash flows of $2,261,000,000.0 that have been growing at an average rate of 922.5% over the last four years, Micron Technology declining stock performance may not be reflective of the quality of its underlying business.

Date Reported	Cash Flow from Operations ($ MM)	Capital expenditures ($ MM)	Free Cash Flow ($ MM)	YoY Growth (%)
2022-08-31	15,181	-12,067	3,114	27.73
2021-08-31	12,468	-10,030	2,438	2837.35
2020-08-31	8,306	-8,223	83	-97.57
2019-08-31	13,189	-9,780	3,409	n/a

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.