Wedbush Issues Positive Forecast for Micron Technology (NASDAQ:MU) Stock Price

Micron Technology (NASDAQ:MU) had its target price raised by Wedbush from $150.00 to $165.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have an outperform rating on the semiconductor manufacturer’s stock. Wedbush also issued estimates for Micron Technology’s Q3 2025 earnings at $1.53 EPS, FY2025 earnings at $6.55 EPS and Q4 2026 earnings at $4.48 EPS.

Several other analysts have also recently issued reports on MU. Bank of America upped their target price on shares of Micron Technology from $84.00 to $140.00 and gave the company a “neutral” rating in a research report on Thursday. China Renaissance lowered Micron Technology from a “buy” rating to a “hold” rating and set a $84.00 price objective for the company. in a research note on Wednesday, March 26th. TD Cowen boosted their target price on Micron Technology from $125.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday. Cantor Fitzgerald increased their price target on Micron Technology from $145.00 to $155.00 and gave the company an “overweight” rating in a report on Thursday. Finally, KeyCorp lifted their price objective on shares of Micron Technology from $135.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Micron Technology has a consensus rating of “Moderate Buy” and a consensus target price of $144.67.

Micron Technology Price Performance

Shares of Micron Technology stock opened at $126.00 on Thursday. The company has a current ratio of 3.13, a quick ratio of 1.99 and a debt-to-equity ratio of 0.28. Micron Technology has a 12 month low of $61.54 and a 12 month high of $137.39. The stock has a 50 day moving average of $97.59 and a 200 day moving average of $94.05. The firm has a market cap of $140.81 billion, a PE ratio of 22.70 and a beta of 1.28.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.34. The company had revenue of $9.30 billion for the quarter, compared to analysts’ expectations of $8.83 billion. Micron Technology had a net margin of 18.41% and a return on equity of 13.88%. During the same quarter in the previous year, the business posted $0.62 earnings per share. On average, research analysts expect that Micron Technology will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Monday, July 7th will be issued a $0.115 dividend. The ex-dividend date of this dividend is Monday, July 7th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.37%. Micron Technology’s payout ratio is 11.03%.

Insider Buying and Selling

In other news, Director Mary Pat Mccarthy sold 2,404 shares of the business’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $80.00, for a total value of $192,320.00. Following the completion of the sale, the director now owns 24,954 shares in the company, valued at approximately $1,996,320. The trade was a 8.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sanjay Mehrotra sold 3,562 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $110.46, for a total transaction of $393,458.52. Following the transaction, the chief executive officer now owns 391,113 shares in the company, valued at approximately $43,202,341.98. This represents a 0.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 72,404 shares of company stock valued at $8,509,167 over the last quarter. 0.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Micron Technology

A number of large investors have recently bought and sold shares of MU. Sunbeam Capital Management LLC purchased a new position in shares of Micron Technology in the 4th quarter valued at $26,000. Opal Wealth Advisors LLC bought a new stake in Micron Technology during the first quarter valued at about $33,000. Curio Wealth LLC purchased a new position in Micron Technology in the fourth quarter valued at about $34,000. AllSquare Wealth Management LLC lifted its position in shares of Micron Technology by 100.0% during the first quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer’s stock valued at $35,000 after buying an additional 200 shares during the last quarter. Finally, MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Micron Technology in the 1st quarter valued at about $36,000. Institutional investors own 80.84% of the company’s stock.

About Micron Technology

Micron Technology, Inc designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides memory and storage technologies comprising dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; non-volatile and re-writeable semiconductor storage devices; and non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels.