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Fintel Reports BMO Capital Maintains Outperform Recommendation for Micron Technology
On May 26, 2023, Fintel reported that BMO Capital maintained coverage of Micron Technology (NASDAQ:MU) with an Outperform recommendation. As of May 11, 2023, the average one-year price target for Micron Technology is $69.94, which represents an increase of 0.48% from its latest reported closing price of $69.61.
Analyst Price Forecast for Micron Technology
The forecasts for Micron Technology’s stock price range from a low of $45.45 to a high of $105.00.
Micron Technology’s Dividend
Micron Technology declared a regular quarterly dividend of $0.12 per share ($0.46 annualized) on March 28, 2023. At the current share price of $69.61/share, the stock’s dividend yield is 0.66%.
Looking back over five years and taking a sample every week, the average dividend yield for Micron Technology has been 0.83%, with the lowest at 0.42% and the highest at 1.59%. The current dividend yield is 0.69 standard deviations below the historical average. Additionally, the company’s dividend payout ratio is 0.31.
Fund Sentiment for Micron Technology
There are currently 2,271 funds or institutions reporting positions in Micron Technology, which represents an increase of 9 owners or 0.40% in the last quarter. The put/call ratio of MU is 1.48, indicating a bearish outlook.
Other Shareholders of Micron Technology
Capital Research Global Investors holds 71,456K shares representing 6.53% ownership of the company. Sanders Capital holds 38,981K shares representing 3.56% ownership of the company. Primecap Management holds 38,950K shares representing 3.56% ownership of the company. VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 33,045K shares representing 3.02% ownership of the company. VFINX – Vanguard 500 Index Fund Investor Shares holds 25,132K shares representing 2.30% ownership of the company.
Micron Technology’s Background Information
Micron Technology is an industry leader in innovative memory and storage solutions. Its broad portfolio of high-performance memory and storage technologies, including DRAM, NAND, 3D XPoint™ memory, and NOR, is transforming how the world uses information to enrich life for all.
Key filings for this company can be found on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
