Shares of Micron Technology have moved -0.9% today, and are now trading at a price of $58.98. In contrast, the S&P 500 index saw a -0.0% change. Today's trading volume is 637,158 compared to the stock's average volume of 16,442,767.
Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products worldwide. Based in Boise, United States the company has 48,000 full time employees and a market cap of $64,547,123,200. Micron Technology currently offers its equity investors a dividend that yields 0.8% per year.
The company is now trading -13.92% away from its average analyst target price of $68.52 per share. The 31 analysts following the stock have set target prices ranging from $45.0 to $100.0, and on average give Micron Technology a rating of buy.
Over the last year, MU shares have gone down by -11.3%, which represents a difference of -10.0% when compared to the S&P 500. The stock's 52 week high is $75.41 per share and its 52 week low is $48.43. With its gross margins declining an average -0.3% over the last 4 years, Micron Technology may not have a strong enough business to reverse this trend.
| Date Reported | Revenue ($ k) | Cost of Revenue ($ k) | Gross Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2022-08-31 | 30,758,000 | 16,860,000 | 45.18 | 20.1 |
| 2021-08-31 | 27,705,000 | 17,282,000 | 37.62 | 23.06 |
| 2020-08-31 | 21,435,000 | 14,883,000 | 30.57 | -33.14 |
| 2019-08-31 | 23,406,000 | 12,704,000 | 45.72 | n/a |
