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

Micron Technology (NASDAQ:MU) had its price objective hoisted by Mizuho from $155.00 to $182.00 in a research report report published on Tuesday, Marketbeat Ratings reports. They currently have an outperform rating on the semiconductor manufacturer’s stock.

MU has been the topic of a number of other reports. Stifel Nicolaus upped their price objective on Micron Technology from $130.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, June 26th. JPMorgan Chase & Co. upped their price objective on Micron Technology from $165.00 to $185.00 and gave the company an “overweight” rating in a report on Tuesday, August 12th. KGI Securities lowered Micron Technology from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 23rd. Robert W. Baird upped their price objective on Micron Technology from $163.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, June 27th. Finally, TD Cowen upped their price objective on Micron Technology from $125.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, June 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $157.24.

Micron Technology Stock Up 0.7%

MU stock opened at $158.82 on Tuesday. 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 capitalization of $177.74 billion, a PE ratio of 28.62 and a beta of 1.47. Micron Technology has a 1-year low of $61.54 and a 1-year high of $160.34. The business’s 50 day simple moving average is $121.38 and its 200 day simple moving average is $104.16.

Micron Technology (NASDAQ:MU) last posted its earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.34. The business had revenue of $9.30 billion for the quarter, compared to analyst estimates of $8.83 billion. Micron Technology had a return on equity of 13.60% and a net margin of 18.41%.During the same period in the previous year, the firm earned $0.62 EPS. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. As a group, research analysts anticipate that Micron Technology will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Monday, July 7th were given a dividend of $0.115 per share. 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 is currently 8.29%.

Insider Buying and Selling at Micron Technology

In related news, EVP Manish H. Bhatia sold 80,000 shares of the company’s stock in a transaction on Monday, June 30th. The stock was sold at an average price of $123.16, for a total transaction of $9,852,800.00. Following the completion of the sale, the executive vice president directly owned 275,067 shares in the company, valued at $33,877,251.72. This represents a 22.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mary Pat Mccarthy sold 2,404 shares of the company’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $115.67, for a total value of $278,070.68. Following the sale, the director owned 20,146 shares of the company’s stock, valued at approximately $2,330,287.82. This represents a 10.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 268,446 shares of company stock worth $33,055,075 over the last quarter. 0.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Micron Technology

Large investors have recently bought and sold shares of the company. First Command Advisory Services Inc. raised its position in Micron Technology by 225.0% in the second quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 153 shares during the last quarter. Howard Hughes Medical Institute bought a new position in Micron Technology in the second quarter valued at about $30,000. AlphaQuest LLC raised its position in Micron Technology by 13,250.0% in the second quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock valued at $33,000 after purchasing an additional 265 shares during the last quarter. WealthCollab LLC raised its position in Micron Technology by 4,500.0% in the second quarter. WealthCollab LLC now owns 276 shares of the semiconductor manufacturer’s stock valued at $34,000 after purchasing an additional 270 shares during the last quarter. Finally, Hilltop National Bank bought a new position in Micron Technology in the second quarter valued at about $37,000. 80.84% of the stock is currently owned by institutional investors.

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.