Micron Technology (NASDAQ:MU) Price Target Raised to $175.00 at Deutsche Bank Aktiengesellschaft

Micron Technology (NASDAQ:MU) had its price objective increased by Deutsche Bank Aktiengesellschaft from $150.00 to $175.00 in a report released on Monday,Benzinga reports. They currently have a buy rating on the semiconductor manufacturer’s stock.

A number of other brokerages also recently issued reports on MU. UBS Group raised their price target on shares of Micron Technology from $155.00 to $185.00 and gave the company a “buy” rating in a report on Monday. Wells Fargo & Company raised their target price on shares of Micron Technology from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, June 26th. JPMorgan Chase & Co. lifted their target price on shares of Micron Technology from $165.00 to $185.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 12th. Arete Research raised Micron Technology to a “strong-buy” rating in a report on Friday, July 18th. Finally, Needham & Company LLC restated a “buy” rating and issued a $150.00 price target on shares of Micron Technology in a research note on Monday, August 11th. Two equities research 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, Micron Technology has a consensus rating of “Moderate Buy” and a consensus target price of $155.16.

Micron Technology Stock Up 0.3%

Micron Technology stock opened at $157.77 on Monday. Micron Technology has a 12 month low of $61.54 and a 12 month high of $160.34. The stock has a fifty day simple moving average of $120.69 and a two-hundred day simple moving average of $103.78. The company has a current ratio of 2.75, a quick ratio of 1.89 and a debt-to-equity ratio of 0.30. The firm has a market cap of $176.56 billion, a price-to-earnings ratio of 28.43 and a beta of 1.47.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $8.83 billion. During the same period in the prior year, the company posted $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. Equities analysts predict that Micron Technology will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

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

Insider Transactions at Micron Technology

In related news, Director Mary Pat Mccarthy sold 2,404 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $115.67, for a total transaction of $278,070.68. Following the completion of the sale, the director directly owned 20,146 shares of the company’s stock, valued at approximately $2,330,287.82. This trade represents a 10.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Mark J. Murphy sold 34,000 shares of the firm’s stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $109.32, for a total transaction of $3,716,880.00. Following the completion of the transaction, the chief financial officer directly owned 264,036 shares in the company, valued at $28,864,415.52. This represents a 11.41% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 268,446 shares of company stock valued at $33,055,075. Company insiders own 0.30% of the company’s stock.

Institutional Trading of Micron Technology

A number of large investors have recently modified their holdings of the company. Sunbeam Capital Management LLC purchased a new position in Micron Technology during the 4th quarter worth $26,000. First Command Advisory Services Inc. grew its position in shares of Micron Technology by 225.0% during the 2nd quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock worth $27,000 after buying an additional 153 shares in the last quarter. Howard Hughes Medical Institute purchased a new position in shares of Micron Technology during the second quarter valued at $30,000. Opal Wealth Advisors LLC purchased a new stake in Micron Technology in the first quarter worth about $33,000. Finally, AlphaQuest LLC lifted its stake in Micron Technology by 13,250.0% in the second quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock worth $33,000 after acquiring an additional 265 shares during the period. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Micron Technology Company Profile

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.