How to Buy Micron Technology Shares Online in the UK

Micron Technology is a US-based producer and manufacturer of computer data storage units. This covers everything from USB flash drives to dynamic-random memory.

This heavyweight stock has been listed on the NASDAQ exchange for several decades, meaning that you can buy shares with ease. All you need to do is find a suitable UK broker that gives you access to US-listed firms.

In this guide, we show you how to buy Micron Technology shares online in the UK. On top of guiding you through the process step-by-step, we also discuss the best UK brokers to buy the shares from.

Step 1: Find a UK Stock Broker to Buy Micron Technology Shares 

The best UK stock brokers active in the online space will give you access to US-listed shares. This means that you can buy Micron Technology stocks in a safe and convenient manner.

With that said, knowing which platform to sign up can be challenging – as there are simply so many providers to choose from.

To save you countless hours of research, below you will find a small selection of UK stock trading sites that allow you to buy Micron Technology shares.

Step 2: Research Micron Technology Shares

Whether you’re investing in Micron or other tech companies like Snowflake, it’s best to research your chosen stock before making a commitment. After all, not all share investments will return a financial gain. On the contrary, there is every chance that your investment will return less than you had hoped for.

With this in mind, the sections below will discuss some of the key points surrounding Micron Technology shares.

What is Micron Technology?

Micron Technology is a major US company involved in designing, manufacturing, and distributing cutting-edge storage and memory solutions. This covers everything from flash memory, USD flash drives, and random-access memory tools. The firm is now active in 17 different nations and fully supported by over 40,000 employees.

Micron Technology Share Price History

Micron Technology first went public in 1984 – where it opted for the technology-focused NASDAQ exchange. Since then, the company has executed three stock splits. This consisted of a 5-for-2 split in 1994, a 2-for-1 just one year later, and then an additional 2-for-1 in 2000.

Taking this trio of stock splits into account, you would have paid just over $1.40 for a Micron Technology share in 1984. Although the stocks are worth considerably more than they initially were, it has been somewhat of a rollercoaster ride for Micron Technology shareholders. For example, the shares actually peaked in 2000 – hitting all-time highs of over $90 per stock. This represents an IPO increase of over 6,300%.

Then – fully in-line with the wider dot.com bubble, Micron Technology shares capitulated. Just two years later, the stocks hit lows of just under $8 per share. This translates into a rapid decline of 91%. The good news is that MIcron Technology stocks have since recovered from their dot.com woes, albeit, at $46 per stock they are still worth less than half of 2001 levels.

In more recent times, Micron Technology shares started 2020 at a price of just over $55. Much like the rest of the wider US stock markets, the shares were negatively impacted by the coronavirus pandemic. However, a good proportion of these losses have since been recovered – subsequently ensuring that the stocks are once again moving in the right direction.

Micron Technology Shares Dividend Information

Although Micron Technologies has historically been a good, consistent dividend-payer, it recently announced that it would be temporarily suspending distributions. It goes without saying that this was a result of the coronavirus pandemic – which dented its operating revenues.

Management at Micron Technology is yet to give any indication when its dividend policy will resume, so at the time you will be focused exclusively on capital gains. If dividend stocks are what you are after, there are plenty of other tech companies that are still paying an attractive yield.

Should I Buy Micron Technology Shares?

Micron Technology has been through several bull and bear markets since it went public in 1984. At the forefront of this was the dot.com bubble – where the stocks lost over 90% in value in the space of just three years. Although recovery of the stocks has since been realised, they are still worth less than half of their 2001 all-time highs.

Nevertheless, this doesn’t necessarily mean that you should avoid Micron Technology, as you should be more concerned about what the future holds as opposed to focusing purely on historical Micron Technology share price action. As such, below we discuss some fo the key points surrounding Micron Technology from an investment perspective.

Major Client Huawei is Still Blacklisted

Huawei has been at the forefront of US-China disputes for several years – with the former accusing the latter of severe national security breaches. In turn, the US processed to blacklist Huawei in 2019. This was and still is, bad news for Micron Technology stockholders – as Huawei accounted for just over 12% of the firm’s order book.

Micron Technology Shares Were Booming Before COV-19

It is important to recognise that Micron Technology stock was performing extremely well before the realisations of COV-19 came to fruition. For example, in the 12 months prior to writing this page, the shares were listed on the NASDAQ at $44 each. Fast forward to February 2020 and the Micron Technology share price was just over $61.

This translates in a 38% increase in the space of just four months. Crucially, it remains to be seen just how long this upward trajectory would have listed had the pandemic not put a dent on things.

Wall Street is Bullish on 2021 Earnings

On the one hand, Wall Street analysts expect Micron Technology to see a 9% decline in revenues by the end of 2020, and earnings to decrease by 56%. On the other hand, analysts predict a much brighter outlook for 2021.

For example, revenues are expected to jump 11% next year, with earnings following suit at 50%. Crucially, Micron Technology must ensure that it is able to weather the short-term COVID-19 storm to ensure that it is able to meet these expectations.

Mobile DRAM and 5G

The mobile DRAM sector provides a huge segment of Micron Technology’s order book. This is fundamental, as it’s technology is a core requirement for 5g mobile devices. As the world inches closer and closer to a wider rollout of 5g data – this could be highly beneficial for Micron.

Micron Technology Shares Buy or Sell?

Although 2020 hasn’t been a fantastic year for Micron Technology – this is the case for the vast majority of the US markets. If you are able to see past the wider impact of the coronavirus pandemic, Micon Technology shares were booming prior to February 2020. As such, if you think that this trend will eventually return, you still stand the chance of obtaining the shares at a slight discount.

The Verdict?

Analysts on Wall Street are somewhat split in the case of Micron Technologies. Whether or not you decide to invest should, however, be based on independent research.

This FCA regulated broker allows you to buy Micron Technology shares in a 100% commission-free manner with no ongoing fees charged. You can also invest from just $50 – meaning that you can diversify with ease.

Simply click the link below to get started!

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