How to buy Micron shares | $49.47
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Micron Technology, Inc is a semiconductors business with stocks listed in the US. Micron shares (MU) are listed on the NASDAQ and all prices are listed in US Dollars. Its last market close was US$49.47 – a decrease of 2.5% over the previous week.
How to buy shares in Micron
- Compare share trading platforms. To buy shares in a US company from Australia you'll need to find a trading platform that offers access to US stock markets. If you're just starting out, look for a platform with low brokerage and foreign exchange fees.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, credit card or debit card.
- Search for Micron. Find the share by name or ticker symbol: MU. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Micron reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At last close price of US$49.47, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs. You may be able to buy a fractional share of Micron, depending on your broker.
- Check in on your investment. Congratulations, you own a part of Micron. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
What's in this guide?
- Micron key stats
- Compare share trading platforms
- Is Micron stock a buy or sell?
- Micron performance over time
- Can I short Micron shares?
- Is Micron suitable for ethical investing?
- Are Micron shares over-valued?
- Micron's financials
- How volatile are Micron shares?
- Does Micron pay a dividend?
- Have Micron shares ever split?
- Other common questions
How has coronavirus impacted Micron's share price?
Since the stock market crash in March caused by coronavirus, Micron's share price has had significant negative movement.
Its last market close was US$49.47, which is 13.20% down on its pre-crash value of US$56.99 and 58.91% up on the lowest point reached during the March crash when the shares fell as low as US$31.13.
If you had bought US$1,000 worth of Micron shares at the start of February 2020, those shares would have been worth US$711.07 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth US$919.65.
Micron share priceUse our graph to track the performance of MU stocks over time.
Micron shares at a glance
|Latest market close||USD$49.47|
|52-week range||USD$31.13 - USD$61.19|
|50-day moving average||USD$46.8774|
|200-day moving average||USD$46.9863|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||USD$1.991|
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Is it a good time to buy Micron stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Micron price performance over time
|1 week (2020-09-14)||0.90%|
|1 month (2020-08-25)||9.69%|
|3 months (2020-06-25)||0.57%|
|6 months (2020-03-25)||16.40%|
|1 year (2019-09-21)||N/A|
|2 years (2018-09-21)||10.57%|
|3 years (2017-09-21)||37.76%|
|5 years (2015-09-21)||214.10%|
Is Micron under- or over-valued?
Valuing Micron stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Micron's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Micron's P/E ratio
Micron's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 25x. In other words, Micron shares trade at around 25x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Micron's PEG ratio
Micron's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 7.2179. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Micron's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Micron's EBITDA (earnings before interest, taxes, depreciation and amortisation) is US$7.9 billion (£6.2 billion).
The EBITDA is a measure of a Micron's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||US$20.2 billion|
|Operating margin TTM||11.99%|
|Gross profit TTM||US$10.7 billion|
|Return on assets TTM||3.09%|
|Return on equity TTM||6.22%|
|Market capitalisation||US$56.4 billion|
TTM: trailing 12 months
Shorting Micron shares
There are currently 27.8 million Micron shares held short by investors – that's known as Micron's "short interest". This figure is 3.9% down from 29.0 million last month.
There are a few different ways that this level of interest in shorting Micron shares can be evaluated.
Micron's "short interest ratio" (SIR)
Micron's "short interest ratio" (SIR) is the quantity of Micron shares currently shorted divided by the average quantity of Micron shares traded daily (recently around 15.7 million). Micron's SIR currently stands at 1.77. In other words for every 100,000 Micron shares traded daily on the market, roughly 1770 shares are currently held short.
However Micron's short interest can also be evaluated against the total number of Micron shares, or, against the total number of tradable Micron shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Micron's short interest could be expressed as 0.03% of the outstanding shares (for every 100,000 Micron shares in existence, roughly 30 shares are currently held short) or 0.0297% of the tradable shares (for every 100,000 tradable Micron shares, roughly 30 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Micron.
Find out more about how you can short Micron stock.
Micron's environmental, social and governance track record
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Micron.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Micron's total ESG risk score
Total ESG risk: 28.69
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Micron's overall score of 28.69 (as at 07/31/2020) is pretty weak – landing it in it in the 63rd percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like Micron is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
Micron's environmental score
Environmental score: 12.48/100
Micron's environmental score of 12.48 puts it squarely in the 1st percentile of companies rated in the same sector. This could suggest that Micron is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
Micron's social score
Social score: 6.08/100
Micron's social score of 6.08 puts it squarely in the 1st percentile of companies rated in the same sector. This could suggest that Micron is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
Micron's governance score
Governance score: 7.62/100
Micron's governance score puts it squarely in the 1st percentile of companies rated in the same sector. That could suggest that Micron is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
Micron's controversy score
Controversy score: 2/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. Micron scored a 2 out of 5 for controversy – the second-highest score possible, reflecting that Micron has, for the most part, managed to keep its nose clean.
Environmental, social, and governance (ESG) summary
|Total ESG score||28.69|
|Total ESG percentile||63.24|
|Environmental score percentile||1|
|Social score percentile||1|
|Governance score percentile||1|
|Level of controversy||2|
Micron share dividends
We're not expecting Micron to pay a dividend over the next 12 months.
Have Micron's shares ever split?
Micron's shares were split on a 2:1 basis on 1 May 2000. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Micron shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Micron shares which in turn could have impacted Micron's share price.
Micron share price volatility
Over the last 12 months, Micron's shares have ranged in value from as little as US$31.13 up to US$61.19. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Micron's is 1.3439. This would suggest that Micron's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
Micron Technology, Inc. manufactures and sells memory and storage solutions worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded Business Unit. It offers memory and storage technologies, including DRAM, NAND, NOR Flash, and 3D XPoint memory under the Micron, Crucial, and Ballistix brands, as well as private labels. The company provides memory products for the cloud server, enterprise, client, graphics, and networking markets; memory products for smartphone and other mobile-device markets; SSDs and component-level solutions for the enterprise and cloud, client, and consumer storage markets; other discrete storage products in component and wafer forms for the removable storage markets, as well as 3D XPoint memory products; and memory and storage products for the automotive, industrial, and consumer markets. It markets its products through its internal sales force, independent sales representatives, distributors, and e-tailers; and Web-based customer direct sales channel, as well as through channel and distribution partners primarily to original equipment manufacturers and retailers. The company has strategic collaboration with BMW Group. Micron Technology, Inc. was founded in 1978 and is headquartered in Boise, Idaho.
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