How to buy Micron (MU) shares in Australia
Learn how to easily invest in Micron shares.
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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$67.51 – a decrease of 0.25% over the previous week. Here's how to invest if you're based in Australia.
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$72.77, 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
Micron stock price (NASDAQ:MU)Use our graph to track the performance of MU stocks over time.
Micron shares at a glance
|52-week range||US$49.2312 - US$96.8247|
|50-day moving average||US$71.2546|
|200-day moving average||US$78.2772|
|Dividend yield||US$0.1 (0.15%)|
|Earnings per share (TTM)||US$5.14|
Where to buy Micron stock
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
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.
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Micron price performance over time
|1 week (2021-10-14)||-0.43%|
|1 month (2021-09-24)||-8.83%|
|3 months (2021-07-23)||-11.10%|
|6 months (2021-04-23)||-21.53%|
|1 year (2020-10-23)||27.74%|
|2 years (2019-10-24)||43.33%|
|3 years (2018-10-24)||90.54%|
|5 years (2016-10-24)||295.72%|
Stocks similar to Micron
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 13x. In other words, Micron shares trade at around 13x 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 0.8066. 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$13 billion (£9.5 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$27.7 billion|
|Operating margin TTM||24.53%|
|Gross profit TTM||US$10.5 billion|
|Return on assets TTM||7.55%|
|Return on equity TTM||14.14%|
|Market capitalisation||US$76.8 billion|
TTM: trailing 12 months
Shorting Micron shares
There are currently 20.2 million Micron shares held short by investors – that's known as Micron's "short interest". This figure is 26% down from 27.3 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 17.1 million). Micron's SIR currently stands at 1.18. In other words for every 100,000 Micron shares traded daily on the market, roughly 1180 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 0.02% of the outstanding shares (for every 100,000 Micron shares in existence, roughly 20 shares are currently held short) or 0.0181% of the tradable shares (for every 100,000 tradable Micron shares, roughly 18 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: 32.71
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Micron's overall score of 32.71 (as at 12/31/2018) is pretty weak – landing it in it in the 64th 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: 6.15/100
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||32.71|
|Total ESG percentile||64.48|
|Environmental score percentile||1|
|Social score percentile||1|
|Governance score percentile||1|
|Level of controversy||2|
Micron share dividends
Dividend payout ratio: 1.65% of net profits
Recently Micron has paid out, on average, around 1.65% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0.15% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Micron shareholders could enjoy a 0.15% return on their shares, in the form of dividend payments. In Micron's case, that would currently equate to about $0.1 per share.
While Micron's payout ratio might seem low, this can signify that Micron is investing more in its future growth.
Micron's most recent dividend payout was on 17 October 2021. The latest dividend was paid out to all shareholders who bought their shares by 29 September 2021 (the "ex-dividend date").
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$49.2312 up to US$96.8247. 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 1.2677. 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. designs, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded Business Unit. It provides memory and storage technologies comprises DRAM products, which are dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; NAND products that are non-volatile and re-writeable semiconductor storage devices; and NOR memory products, which are non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels. The company offers memory products for the cloud server, enterprise, client, graphics, and networking markets, as well as 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 wafers; and memory and storage products for the automotive, industrial, and consumer markets. It markets its products through its direct sales force, independent sales representatives, distributors, and retailers; and web-based customer direct sales channel, as well as through channel and distribution partners. Micron Technology, Inc. was founded in 1978 and is headquartered in Boise, Idaho.
Micron in the news
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