Large-cap Technology company Micron Technology has logged a -1.4% change today on a trading volume of 24,512,117. The average volume for the stock is 24,336,695.
Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products worldwide. Based in Boise, United States the company has 43,000 full time employees and a market cap of $114,044,182,528. Micron Technology currently offers its equity investors a dividend that yields 0.4% per year.
The company is now trading -33.42% away from its average analyst target price of $154.48 per share. The 30 analysts following the stock have set target prices ranging from $116.04 to $384.21, and on average give Micron Technology a rating of buy.
Over the last 52 weeks, MU stock has risen 57.5%, which amounts to a 30.4% difference compared to the S&P 500. The stock's 52 week high is $157.54 whereas its 52 week low is $63.83 per share. With its net margins declining an average -17.8% over the last 6 years, Micron Technology may not have a strong enough profitability trend to support its stock price.
| Date Reported | Total Revenue ($ k) | Net Profit ($ k) | Net Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2023 | 15,540,000 | -5,833,000 | -38 | -235.71 |
| 2022 | 30,758,000 | 8,687,000 | 28 | 33.33 |
| 2021 | 27,705,000 | 5,861,000 | 21 | 61.54 |
| 2020 | 21,435,000 | 2,687,000 | 13 | -51.85 |
| 2019 | 23,406,000 | 6,313,000 | 27 | -42.55 |
| 2018 | 30,391,000 | 14,135,000 | 47 |
