Micron Technology (NASDAQ:MU) Price Target Raised to $200.00 at Susquehanna

Micron Technology (NASDAQ:MU) had its price target increased by Susquehanna from $160.00 to $200.00 in a report published on Wednesday,Benzinga reports. The firm currently has a positive rating on the semiconductor manufacturer’s stock.

Other equities research analysts also recently issued reports about the company. Erste Group Bank assumed coverage on Micron Technology in a report on Thursday, August 14th. They issued a “buy” rating for the company. Piper Sandler increased their price objective on Micron Technology from $120.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, June 26th. Wall Street Zen downgraded Micron Technology from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 13th. Wolfe Research increased their price objective on Micron Technology from $160.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Mizuho increased their price objective on Micron Technology from $155.00 to $182.00 and gave the company an “outperform” rating in a report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Micron Technology has an average rating of “Moderate Buy” and a consensus target price of $159.65.

Micron Technology Stock Performance

Shares of Micron Technology stock opened at $159.99 on Wednesday. The firm has a market capitalization of $179.05 billion, a P/E ratio of 28.83 and a beta of 1.47. Micron Technology has a 52 week low of $61.54 and a 52 week high of $160.59. The company has a quick ratio of 1.89, a current ratio of 2.75 and a debt-to-equity ratio of 0.30. The firm’s 50 day moving average is $122.14 and its two-hundred day moving average is $104.54.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 EPS for the quarter, beating the consensus estimate of $1.57 by $0.34. The company had revenue of $9.30 billion for the quarter, compared to analyst estimates of $8.83 billion. Micron Technology had a net margin of 18.41% and a return on equity of 13.60%. During the same period in the prior year, the firm posted $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. Research analysts forecast 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. Shareholders of record on Monday, July 7th were issued a $0.115 dividend. The ex-dividend date of this dividend was Monday, July 7th. This represents a $0.46 dividend on an annualized basis and a yield of 0.3%. Micron Technology’s dividend payout ratio (DPR) is 8.29%.

Insider Buying and Selling

In other Micron Technology news, CEO Sanjay Mehrotra sold 7,319 shares of the firm’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $158.29, for a total value of $1,158,524.51. Following the completion of the sale, the chief executive officer owned 340,148 shares of the company’s stock, valued at approximately $53,842,026.92. This trade represents a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven J. Gomo sold 7,000 shares of the firm’s stock in a transaction on Friday, June 27th. The shares were sold at an average price of $125.15, for a total value of $876,050.00. Following the completion of the sale, the director directly owned 22,762 shares of the company’s stock, valued at approximately $2,848,664.30. This trade represents a 23.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 275,946 shares of company stock valued at $34,242,567 in the last quarter. Corporate insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Norges Bank acquired a new position in shares of Micron Technology during the 2nd quarter worth $1,980,700,000. Nuveen LLC acquired a new position in shares of Micron Technology during the 1st quarter worth $369,191,000. Slate Path Capital LP acquired a new position in shares of Micron Technology during the 2nd quarter worth $317,751,000. Vanguard Group Inc. raised its stake in shares of Micron Technology by 2.1% during 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 last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Micron Technology by 23.8% during 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 last quarter. 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.