MU Stock Summary and Trading Ideas (Micron Technology | NASDAQ:MU)

Micron is one of the largest semiconductor companies in the world, specializing in memory and storage chips. Its primary revenue stream comes from dynamic random access memory, or DRAM, and it also has minority exposure to not-and or NAND, flash chips. Micron serves a global customer base, selling chips into data centers, mobile phones, consumer electronics, and industrial and automotive applications. The firm is vertically integrated.

Micron Technology trades on the NASDAQ stock market under the symbol MU.

As of February 21, 2025, MU stock price declined to $98.84 with 15,434,283 million shares trading.

MU has a market cap of $110.11 billion. This is considered a Large Cap stock.

Last quarter Micron Technology reported $9 billion in Revenue and $1.79 earnings per share. This fell short of revenue expectation by $-11 million and exceeded earnings estimates by $.03.

In the last 3 years, MU traded as high as $157.54 and as low as $48.43.

The top ETF exchange traded funds that MU belongs to (by Net Assets): VTI, VOO, QQQ, SPY, IVV.

MU has underperformed the market in the last year with a return of +21.9%, while the SPY ETF gained +22.1%. In the last 3 month period, MU fell short of the market, returning -3.7%, while SPY returned +1.4%. However, in the most recent 2 weeks MU has outperformed the stock market by returning +7.1%, while SPY returned -0.1%.

MU support price is $99.48 and resistance is $106.88 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MU shares will trade within this expected range on the day.