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Micron Technology Inc MU Stock Quote

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Last close prices updated as of Jan 27, 2023, 4:00 PM EST | USD | BATS BZX Real-Time Price
  • Last Close 63.87
  • Sector Technology
  • Industry Semiconductors
  • Investment Style Large Value
  • Day Range 61.96  –  64.34
  • Year Range 48.43  –  96.50
  • Market Cap 69.6934 Bil
  • Volume / Avg 15.9 Mil /  16.0 Mil
  • Price / Sales 2.62
  • Price / Book 1.41
  • Forward Div Yield 0.82%
  • Trailing Div Yield 0.70%

Morningstar‘s Stock Analysis MU

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Micron Battening Down Hatches as Downturn Set to Intensify in Coming Quarters; No Change to $70 FVE

Analyst Note

| Abhinav Davuluri |

Micron reported fiscal first-quarter results that were slightly below our expectations while providing a grim outlook for 2023. The no-moat memory supplier and its peers are facing an industry downturn as demand softens and inventory levels at customers remain high. While we are positive on long-term memory demand growth from key trends such as artificial intelligence, 5G, electric/autonomous vehicles, and cloud computing, we expect Micron’s fiscal 2023 revenue to be down sharply (at least 40%) before rebounding in fiscal 2024 and beyond. We like that Micron is cutting its capital expenditure budget for fiscal 2023 to $7 billion to $7.5 billion (versus $12 billion in fiscal 2022), lowering its headcount by 10%, and reducing its utilization and output. Quarterly operating expenses are expected to decline to $850 million by the fourth quarter (from about $1 billion this quarter).

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Key Statistics MU

Company Profile MU

Business Description

Micron historically focused on designing and manufacturing DRAM for PCs. The firm then expanded into the NAND flash memory market. It increased its DRAM scale with the purchase of Elpida (completed in mid-2013) and Inotera (completed in December 2016). The firm's DRAM and NAND products tailored to PCs, data centers, smartphones, game consoles, automotives, and other computing devices.

8000 South Federal Way, Post Office Box 6
Boise, ID, 83716-9632
Industry Semiconductors
Employees 48,000

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FAQs for Micron Technology Inc Stock

Yes. MU has a forward dividend yield of 0.82%. See MU’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

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MU’s market cap is 69.69 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

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MU’s stock style is Large Value.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

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MU’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare MU’s historical performance against its industry peers and the overall market.