Micron Technology (NASDAQ:MU) Given New $185.00 Price Target at UBS Group

Micron Technology (NASDAQ:MU) had its target price raised by UBS Group from $155.00 to $185.00 in a report published on Monday morning,Benzinga reports. UBS Group currently has a buy rating on the semiconductor manufacturer’s stock.

Other equities analysts also recently issued reports about the company. Wedbush raised their price target on Micron Technology from $150.00 to $165.00 and gave the company an “outperform” rating in a report on Thursday, June 26th. TD Cowen increased their price objective on Micron Technology from $125.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, June 26th. Piper Sandler increased their price objective on Micron Technology from $120.00 to $165.00 and gave the company an “overweight” rating in a research report on Thursday, June 26th. The Goldman Sachs Group began coverage on Micron Technology in a research report on Thursday, July 10th. They set a “neutral” rating and a $130.00 price objective on the stock. Finally, Erste Group Bank began coverage on Micron Technology in a research report on Thursday, August 14th. They set a “buy” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $155.16.

Micron Technology Price Performance

Shares of NASDAQ:MU opened at $157.77 on Monday. Micron Technology has a 1-year low of $61.54 and a 1-year high of $160.34. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.75 and a quick ratio of 1.89. The business has a fifty day moving average price of $120.69 and a 200-day moving average price of $103.78. The company has a market capitalization of $176.56 billion, a PE ratio of 28.43 and a beta of 1.47.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.34. Micron Technology had a return on equity of 13.60% and a net margin of 18.41%.The firm had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $8.83 billion. During the same period last year, the company earned $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. As a group, equities analysts expect that Micron Technology will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Monday, July 7th were paid a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, July 7th. Micron Technology’s dividend payout ratio (DPR) is 8.29%.

Insider Activity at Micron Technology

In other news, Director Steven J. Gomo sold 7,000 shares of Micron Technology stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $125.15, for a total value of $876,050.00. Following the completion of the transaction, the director owned 22,762 shares in the company, valued at approximately $2,848,664.30. The trade was a 23.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark J. Murphy sold 34,000 shares of Micron Technology stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $109.32, for a total value of $3,716,880.00. Following the completion of the transaction, the chief financial officer owned 264,036 shares of the company’s stock, valued at approximately $28,864,415.52. This trade represents a 11.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 268,446 shares of company stock worth $33,055,075 in the last three months. Corporate insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Micron Technology

Institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank purchased a new position in Micron Technology during the 2nd quarter valued at $1,980,700,000. Nuveen LLC purchased a new position in Micron Technology during the 1st quarter valued at $369,191,000. Slate Path Capital LP purchased a new position in Micron Technology during the 2nd quarter valued at $317,751,000. Vanguard Group Inc. lifted its holdings in shares of Micron Technology by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer’s stock worth $8,854,644,000 after buying an additional 2,049,163 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Micron Technology by 23.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer’s stock worth $922,467,000 after buying an additional 2,038,641 shares during the period. Hedge funds and other 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.