Micron Technology Corporation became a publicly held corporation in 1984. Since then, its shares have grown 35 times. So, having bought 10 shares in 1984 at a price of about $25 per share, one could have earned approximately $860.

However, it is unnecessary to wait for decades to make money on shares. Sometimes, you do not need to buy stocks at all. In this article, we will tell you how to get income quickly, safely, and without huge investments.

Micron Technology history

Micron Technology is a US-based corporation that manufactures semiconductors, including DRAM and NAND memory chips.

In the consumer market, the company sells its products under the brands - Micron and Crucial Technology. Its memory and storage technologies are widely popular among manufacturers of computers, set-top boxes for TVs, digital cameras, mobile devices, and in the industrial sector.

The company was founded in 1978 by the brothers - Wald and Joe Parkinson. They were always passionate about microelectronics. However, they did not have money to open their own business. Interestingly, Mr. J.R.Simplot, a billionaire potato baron, was the main investor in Micron Technology. The Parkinson brothers previously worked in his potato fields. Backed by Simplot’s money, they started the construction of a factory for the production of DRAM cards. Subsequently, those cards would become the company’s best-selling product, making Micron Technology well-known worldwide.

Important milestones in the history of Micron Technology:

  • 2006: Micron Technology and Intel started mass producing NAND flash memory chips.
  • 2008: it created Aptina Imaging, which represents a separate division and a new identity for its CMOS image business.
  • 2013: the corporation acquired Japanese chip-making rival Elpida Memory.
  • 2016: It spun off the Ballistix product line into a separate brand.
  • 2017: China-based company Longsys acquired the Lexar brand from Micron.
  • 2019: Micron Technology bought out Intel's share in IM Flash Technologies
  • 2020: Micron Technology presented World's First 176-Layer NAND,
  • 2021: DD5 DRAM modules with Micron chips were available for consumers. The company announced the start of mass production of its own modules for desktop PCs.

In the fall of 2021, Micron Technology said that it would invest $150 billion in the production of semiconductors. The company plans to build new chip manufacturing plants in the United States and expand existing ones within 10 years.

In 2019, Micron Technology entered the top 100 fastest-growing companies in the world.

Micron Technology’s net profit

Nowadays, the company is one of the top five global manufacturers of semiconductor products. Micron ended the fiscal year 2021 with sales standing at $27.7 billion, up by 30% compared to the same period in 2020. More than 70% of the annual turnover comes from the sale of RAM products.

Profit from the sales of some products in the fiscal year 2021:

  • solutions for mobile devices: $7.2 billion, up 26% by 2020.
  • chips for embedded systems: $4.3 billion, up 53%.
  • computing and networking equipment products: $12.3 billion: 26% more than in 2020.
  • storage devices: 3.9 billion, which is 6% more than in the 2020 fiscal year.

The net profit of Micron Technology for the fiscal year 2021 amounted to $5.86 billion, which was 2 times more than in 2020.

Factors impacting share price

The IPO took place in 1984 on the NASDAQ exchange. Although the nominal value of the company’s stock at that time was insignificant, it had no competitors in the American market. Thus, it quickly attracted investors.

Since 1984, Micron Technology shares (ticker MU) have soared to $97 from $2. Now, the price is worth around $86.

There are several factors that affect the share price:

  • the range of products and innovative solutions;
  • sentient on Wall Street and the state of the global economy;
  • buoyant demand for IT stock;
  • earnings per share;
  • the financial position of Micron Technology and its rivals;
  • demand for Micron’s products;
  • plans for the expansion of the company and changes in its structure;
  • the political situation in the world and trade partnerships with other countries.

The company experienced a real boom in the 1990s when the computer market began to grow rapidly. Its products were sold outside the US. Therefore, the company's profit grew to tens of millions of dollars. Its stocks showed the best performance on Wall Street in 2000, 2012-2014, 2016-2018, and 2020.

You can get acquainted with the latest developments in financial markets in the special Analysis Articles section on the InstaForex website.

How to earn on Micron shares

Judging by the dynamic of Micron Technology shares, they are quite popular among investors.

According to the forecasts, in 2022, Micron stock is likely to grow by 15.5% and reach an average of $99.5.

Given the high volatility in the stock market, CFD trading is the best way to generate income from Micron Technology shares. In this case, you can make a profit even if you do not have big capital by using leverage. Another advantage of CFDs is that you can open long and short positions, receiving gains on both declines and rises in price.

To open an account with InstaForex CFD broker, you only need to spend just a few minutes. You can calculate potential income by using the Forex calculator.

You can also make a profit from shares through dividend payments. In October 2021, Micron Technology shareholders received $0.1 per share.

Conclusion

Micron Technology has remained the market leader for quite a long time. This is why its shares are so attractive to investors. Like its rivals, the company regularly offers new innovative products. Taking into account high demand for semiconductors worldwide, analysts expect further growth in its shares in 2022.

If you want not only to watch how Micron Technology is developing but also to benefit from it by trading its stock, then go to the InstaForex website and register a trading account.