Micron Technology, Inc. which can be found using ticker (MU) now have 32 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The range between the high target price and low target price is between 100 and 45 calculating the average target price we see $67.31. Given that the stocks previous close was at $63.54 and the analysts are correct then there would likely be a percentage uptick in value of 5.9%. Also worth taking note is the 50 day moving average now sits at $59.15 while the 200 day moving average is $57.08. The market cap for the company is $73,789m. Company Website: https://www.micron.com
The potential market cap would be $78,168m based on the market consensus.
Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides memory and storage technologies comprises DRAM products, which are dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; NAND products that are non-volatile and re-writeable semiconductor storage devices; and NOR memory products, which are non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels. The company offers memory products for the cloud server, enterprise, client, graphics, networking, industrial, and automotive markets, as well as for smartphone and other mobile-device markets; SSDs and component-level solutions for the enterprise and cloud, client, and consumer storage markets; discrete storage products in component and wafers; and memory and storage products for the automotive, industrial, and consumer markets. It markets its products through its direct sales force, independent sales representatives, distributors, and retailers; and web-based customer direct sales channel, as well as through channel and distribution partners. Micron Technology, Inc. was founded in 1978 and is headquartered in Boise, Idaho.
The company has a dividend yield of 0.72% with the ex dividend date set at 6-4-2023 (DMY).
