MU stock: About, what they Do, Stock Price, Founders, CEO, CFO, Revenue, Founded, President, Analyst Forecast, what’s New, Updates And Everything To Know
About Micron Technology Inc.
- Company Overview: Micron Technology is an American semiconductor company specializing in memory and storage solutions. They design, manufacture, and sell memory chips used in various electronic devices, including smartphones, computers, servers, and data centers.
What They Do
- Memory Solutions: Micron produces dynamic random-access memory (DRAM), NAND flash memory, and other memory technologies. These components are essential for data storage, processing, and retrieval.
Stock Price
- As of the most recent data, Micron’s stock price is approximately $142.36 per share .
Founders
- Micron Technology was founded in 1978 by Ward Parkinson, Joe Parkinson, Doug Pitman, and Dennis Wilson.
Leadership
- CEO: Sanjay Mehrotra has been the CEO since 2017.
- CFO: The Chief Financial Officer is David Zinsner.
Financials
- Revenue: Micron’s annual revenue is in the billions of dollars, driven by global demand for memory products.
- Market Cap: The company’s market capitalization is substantial, also reflecting its position in the industry.
History
- Micron has a rich history of innovation and growth. It has weathered industry cycles and adapted to changing technology landscapes.
Recent Updates
- Q3 Earnings: Analysts are closely watching Micron’s Q3 earnings, expecting positive results due to the growing demand for memory chips .
- Guidance: Micron’s recent guidance disappointed some investors, also impacting its stock price .
Financial Overview
- Current Price: $142.36 USD.
- Previous Close: $141.12 USD.
- Also 52-Week High: $157.54 USD.
- 52-Week Low: $60.50 USD.
- Also Market Cap: $157.64 billion USD.
Key Points
- Outlook in 2024:
- The stock has seen significant growth this year, with a YTD increase of 65.36%.
- The recent outbreak of dengue fever has impacted global markets, also including MU stock.
- Keep an eye on market trends and news for potential shifts.
- Investment Considerations:
- Micron Technology is a leading semiconductor company.
- Factors like chip demand, supply chain disruptions, and also global economic recovery influence its stock performance.
- Risk Factors:
- Volatility: Tech stocks can be volatile due to industry dynamics.
- Also Market Sentiment: Investor sentiment affects stock prices.
- Industry Trends: Monitor developments in the semiconductor sector.
Recent Developments:
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- Micron Technology recently announced an increase in its capital expenditure budget for the current fiscal year. This move is also aimed at meeting the booming demand for AI-related memory chips.
- The company predicts significant revenue growth also from sales of high-bandwidth memory (HBM) in the coming fiscal year.
AI as a Growth Driver:
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- AI is more than just hype for chipmakers like Micron. Their products play a crucial role in building the infrastructure needed for AI proliferation.
- AI is expected to remain a top growth driver for Micron, contributing to robust growth in both revenue and profits .
Stock Performance:
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- Over the past five years, Micron stock has surged by an impressive 258%, also outpacing broader market indices.
- The acceleration in earnings growth suggests that investors can also expect this stock to continue heading higher over the next five years.
Analyst Forecasts:
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- Analysts’ predictions vary, but the average twelve-month stock price forecast for Micron Technology is around $153.00, with a high forecast of $225.00 and a low forecast of $90.00 .
- Other forecasts indicate an average price target of approximately $106.43 for 2024.
