Beginner's Guide to Trading Micron Technology Stocks: Step-by-Step Instructions
Micron Technology Company Overview
Micron Technology, Inc. engages in the provision of innovative memory and storage solutions. It operates through the following segments: Compute and Networking Business Unit (CNBU), Mobile Business Unit (MBU), Embedded Business Unit (EBU), and Storage Business Unit (SBU). The CNBU segment includes memory products and solutions sold into client, cloud server, enterprise, graphics, and networking markets. The MBU segment is involved in memory and storage products sold into smartphone and other mobile-device markets. The EBU segment focuses on memory and storage products sold into automotive, industrial, and consumer Markets. The SBU segment consists of SSDs and component-level solutions sold into enterprise and cloud, client, and consumer storage markets. The company was founded by Ward D. Parkinson, Joseph Leon Parkinson, Dennis Wilson, and Doug Pitman on October 5, 1978 and is headquartered in Boise, ID.
How To Buy Micron Technology Stocks & Shares
Step 1: Opening a Brokerage Account
To start trading stocks, the initial step is to acquire a brokerage account. When choosing an online stock brokerage, there are two critical factors to consider: brokerage offerings and a user-friendly platform. Futubull app would be helpful.
Step 2: Deciding how many shares to buy
To gain initial experience, it's wise to paper trade using a stock market simulator. Alternatively, start with a small investment amount.
Step 3: Buying stocks using the right order type
To master stock buying, it's essential to understand three critical order types: market orders, limit orders, and stop orders.
Step 4: Placing the stock order with your brokerage
Micron Technology's Stock Price Performance
Data as of: Aug 2, 2024
- Last 1 Month: -8.14%
- Last 6 Months: +16.43%
- Last 1 Year: +48.14%
- YTD: +17.99%
Institutional holdings of Micron Technology stock?
Holder | Shares Held | Shares Held (%) | Change (Shares) | Change (%) |
|---|---|---|---|---|
| The Vanguard | 96,666,590 | 8.72% | 1,681,815 | +0.15% |
| BlackRock | 90,303,765 | 8.14% | 5,318,168 | +0.48% |
| Capital Research | 69,121,300 | 6.23% | 2,501,469 | +0.23% |
| State Street Global Advisors | 46,177,952 | 4.16% | 714,104 | +0.06% |
| PRIMECAP Management Company | 37,609,462 | 3.39% | 117,951 | +0.01% |
| FMR | 35,929,663 | 3.24% | 11,763,901 | +1.06% |
| Geode Capital Management, LLC | 22,309,378 | 2.01% | 771,464 | +0.07% |
| T. Rowe Price Group, Inc. | 18,243,633 | 1.65% | 3,315,988 | +0.30% |
| UBS Asset Management | 14,714,736 | 1.33% | 2,565,943 | +0.23% |
| Wellington Management Group | 14,281,083 | 1.29% | -2,482,524 | -0.22% |
The institutional holding data suggests that Micron Technology has recently garnered positive attention from institutional investors. Most major holders have increased their stakes, indicating confidence in the future prospects of Micron Technology. Notably, large investment firms such as The Vanguard, BlackRock, and Capital Research have raised their holdings, which may signal a more optimistic overall market sentiment towards Micron Technology. However, there are exceptions like Wellington Management Group, which reduced its stake, indicating some divergence in views. Overall, the behavior of institutional investors suggests that Micron Technology holds appeal, but investors should be mindful of broader market dynamics and potential risks.
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty. Read More
