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

Micron Technology (NASDAQ:MU) had its price objective increased by Wedbush from $165.00 to $200.00 in a research report sent to investors on Thursday morning, Marketbeat Ratings reports. Wedbush currently has an outperform rating on the semiconductor manufacturer’s stock.

A number of other equities analysts have also weighed in on MU. Piper Sandler boosted their price objective on shares of Micron Technology from $120.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, June 26th. KeyCorp boosted their price objective on shares of Micron Technology from $135.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, June 26th. Arete Research raised shares of Micron Technology to a “strong-buy” rating in a research report on Friday, July 18th. KGI Securities downgraded shares of Micron Technology from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 23rd. Finally, UBS Group lifted their target price on shares of Micron Technology from $155.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $161.00.

Micron Technology Price Performance

Shares of NASDAQ MU opened at $168.89 on Thursday. Micron Technology has a fifty-two week low of $61.54 and a fifty-two week high of $170.45. The company has a market capitalization of $189.01 billion, a price-to-earnings ratio of 30.43 and a beta of 1.47. The company has a 50 day simple moving average of $123.05 and a two-hundred day simple moving average of $105.09. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.89 and a current ratio of 2.75.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data 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. Micron Technology had a net margin of 18.41% and a return on equity of 13.60%. The company had revenue of $9.30 billion during the quarter, compared to analyst estimates of $8.83 billion. During the same period in the previous year, the business earned $0.62 EPS. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. Analysts expect that Micron Technology will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

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

Insider Activity

In other news, CEO Sanjay Mehrotra sold 7,319 shares of the business’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $158.29, for a total transaction 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 $53,842,026.92. The trade was a 2.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Steven J. Gomo sold 7,000 shares of the business’s stock in a transaction on Friday, June 27th. The shares were sold at an average price of $125.15, for a total transaction of $876,050.00. Following the sale, the director directly owned 22,762 shares of the company’s stock, valued at approximately $2,848,664.30. The trade was a 23.52% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 275,946 shares of company stock worth $34,242,567. Company insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Micron Technology by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 103,879,662 shares of the semiconductor manufacturer’s stock valued at $12,803,168,000 after buying an additional 1,973,294 shares in the last quarter. State Street Corp lifted its stake in shares of Micron Technology by 2.7% during the 2nd quarter. State Street Corp now owns 51,373,591 shares of the semiconductor manufacturer’s stock valued at $6,331,795,000 after buying an additional 1,349,713 shares in the last quarter. Geode Capital Management LLC lifted its stake in Micron Technology by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 25,690,491 shares of the semiconductor manufacturer’s stock worth $3,152,974,000 after purchasing an additional 314,489 shares in the last quarter. Norges Bank purchased a new stake in Micron Technology in the 2nd quarter worth $1,980,700,000. Finally, Goldman Sachs Group Inc. lifted its stake in 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 purchasing an additional 2,038,641 shares in the last quarter. 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.