How to Buy Micron Technology Stock
Micron Technology Inc
Micron Technology, Inc. designs, manufactures, and sells memory and storage products worldwide.
Micron Technology stock last closed at $127.81, up 2.4% from the previous day, and has increased 97.73% in one year. It has overperformed other stocks in the Semiconductors industry by 0.48 percentage points. Micron Technology stock is currently +111.26% from its 52-week low of $60.50, and -2.09% from its 52-week high of $130.54.
At the moment, there are 1.11B shares of MU outstanding. The market cap of MU is $141.53B. In the last 24 hours, 13.81M MU shares were traded.
How to Buy Micron Technology Stock
Wondering how to invest in Micron Technology stock? Here's how.
- Decide where to buy Micron Technology stock: You need to choose an online brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you figure out where to buy Micron Technology stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit funds into your investment account: Select your payment method and add your information.
- Research Micron Technology stock: The Micron Technology ticker symbol is MU. Is Micron Technology stock a good investment? Should you buy shares of MU? How do MU's underlying business fundamentals look? Do top analysts think Micron Technology is a good buy? Why has MU's stock price moved recently? (Hint: Our stock market analysis tools can help you evaluate if MU is a good stock to buy).
- Make your MU purchase: Decide if you will purchase MU shares at the current market price or use a limit order to buy MU shares at a particular price.
- Get key alerts regarding your investment in MU: Create a watchlist to get the latest news on your investment in Micron Technology shares.
Step 1: Decide where to buy Micron Technology stock
You will need a brokerage account to access the NASDAQ market and buy MU stock.
Our preferred brokerage: eToro
Based on our analysis, eToro is the best stock brokerage. eToro gives you:
- You can invest in stocks with zero commissions: Invest without commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still purchase the stock.
- Access to world markets: From Technology to Energy, New York to Tokyo — you can fill your portfolio with stocks from the world's leading stock exchanges.
- Social investing: eToro has a community with more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of shares by opening an account with eToro today.
Open eToro AccountStep 2: Create your brokerage account
Now that you've chosen the best brokerage, you need to fill out some personal information so you can buy MU today.
How to Set Up a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to open your new brokerage account.
- Send your information by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you've finished signing up on one of the best stock apps, you can securely and quickly fund your account:
Check out the video below if you need help depositing funds into your new investment account.
Step 4: Research Micron Technology stock
Once you have figured out the best place to buy Micron Technology stock, it's absolutely critical to research their stock prior to investing, so you actually wrap your head around the risk and upside.
Micron Technology shares data
MU Due Diligence Checks
WallStreetZen was designed to help everyday investors do more in-depth fundamental analysis.
You can see all of the due diligence checks on MU's stock page.
Is MU stock properly valued?
You can use many financial metrics, analyses, models, and charts to gauge MU's intrinsic value.
Using relative valuations measures:
- MU could be undervalued based on its P/B ratio of 3.23x, relative to Semiconductors industry P/B ratio of 8.53x
You can access additional valuation research on MU's stock here.
MU Financial Summary
Positive Financial Indicators:
- There are more short-term assets than short-term liabilities on the MU balance sheet.
- There are more short-term assets than long-term liabilities on the MU balance sheet.
- MU has cash burn of 3309000000. It has sufficient cash and short-term investments to cover this for at least one year.
- MU has $9.01B in cash and short term investments. This is sufficient to cover its annual cash burn of $3.31B.
Negative Financial Indicators:
- Total MU debt is higher than 5 years ago, relative to shareholder equity.
- MU has a relatively high debt to equity ratio of 0.5.
- MU profit margin has gone down from 7% to -20.6% in the past year.
Do Wall Street analysts think it's a good time to buy Micron Technology stock
Out of 22 Wall Street analysts who monitor MU, the consensus analyst rating on MU is a Strong Buy
Please note that analyst ratings are not recommendations, nor are they financial advice.
Latest MU Analyst Recommendations
Christopher Danely, a top 6% analyst from Citigroup maintains MU with a strong buy rating and maintains their MU price target from $150.00 to $150.00, on Apr 4, 2024.
Citigroup's Christopher Danely maintained their Strong Buy rating on Micron Technology (NASDAQ: MU). The analyst also maintained a $150 price target.
Danely issued their research note to discuss the impact of the recent earthquake in Taiwan on Micron Technology.
"With 60% of its DRAM manufacturing in Taiwan, the magnitude 7.4 earthquake could be a positive for the company because there will likely be some DRAM inventory scrappage, leading to less supply [and higher prices," the analyst said.
A shutdown could result in lower revenue, Danely acknowledged, "but that would only be temporary."
Vivek Arya, a top 2% analyst from Bank of America maintains MU with a strong buy rating and raises their MU price target from $120.00 to $144.00, on Apr 1, 2024.
Vijay Rakesh, a top 1% analyst from Mizuho reiterates MU with a strong buy rating and raises their MU price target from $124.00 to $130.00, on Mar 26, 2024.
Harsh Kumar, a top 1% analyst from Piper Sandler maintains MU with a strong buy rating and raises their MU price target from $95.00 to $130.00, on Mar 21, 2024.
Joseph Moore, a top 6% analyst from Morgan Stanley maintains MU with a strong sell rating and raises their MU price target from $78.00 to $98.00, on Mar 21, 2024.
You can dive deeper into what analysts are forecasting on the Micron Technology stock forecast page.
MU Technical Indicators
MU Growth Numbers
Last year, MU revenue was $18.31B. During the past five year, MU's revenue has gone up by -9.39% per year. This was slower than the Semiconductors industry average of 25.45%.
Dive into MU's earnings and revenue performance here.
Are MU executives and large shareholders buying or selling the stock?
In the last year, executives and large shareholders at MU have sold more shares than they have bought.
Sumit Sadana, EVP and Chief Business Officer of MU, was the latest MU insider to sell. They sold $1,476,120.00 worth of MU stock on May 13, 2024.
Learn more about who owns MU shares here.
Can I get consistent income from MU stock?
Micron Technology pays a dividend of 0.36%, compared to the Semiconductors industry's average dividend yield of 9.29%. If you owned $1,000 worth of MU stock, you would have received $3.60 last year.
Find more data about Micron Technology dividend yield and history here.
What others are saying about MU
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Make your MU purchase
You have two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually fine for most investors. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a given price, place a limit order.
Press the Open button and your broker will place the order.
If you require additional assistance investing in stocks on eToro, watch the how to video below:
Step 6: Get key alerts regarding your investment in MU
Now that you own some shares in MU, you'll want to keep up with your investment.
Make a watchlist to track the latest developments regarding your MU stock.
MU Feed
How to Buy Stock in Micron Technology
To summarize, here are the 6 steps you need to take to buy Micron Technology stock right now:
- Decide where to buy Micron Technology stock
- Create your brokerage account
- Deposit funds into your investment account
- Research Micron Technology stock
- Make your MU purchase
- Get key alerts regarding your investment in MU
If you are looking for a place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to keep track of your investment in Micron Technology, click below.
Trending "How To" Guides
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.