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

Micron Technology (NASDAQ:MU) had its target price increased by Stifel Nicolaus from $145.00 to $173.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a buy rating on the semiconductor manufacturer’s stock.

Other equities research analysts have also recently issued research reports about the stock. Erste Group Bank assumed coverage on shares of Micron Technology in a report on Thursday, August 14th. They issued a “buy” rating on the stock. Zacks Research raised shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 19th. Barclays lifted their price target on shares of Micron Technology from $140.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday. Bank of America lifted their price target on shares of Micron Technology from $84.00 to $140.00 and gave the stock a “neutral” rating in a report on Thursday, June 26th. Finally, Wells Fargo & Company boosted their target price on shares of Micron Technology from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Thursday, June 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Micron Technology presently has an average rating of “Moderate Buy” and an average target price of $165.54.

Micron Technology Price Performance

Shares of NASDAQ MU opened at $164.62 on Monday. Micron Technology has a twelve month low of $61.54 and a twelve month high of $170.45. The stock’s 50 day moving average price is $124.74 and its 200-day moving average price is $106.27. The company has a market capitalization of $184.23 billion, a PE ratio of 29.66 and a beta of 1.47. The company has a quick ratio of 1.89, a current ratio of 2.75 and a debt-to-equity ratio of 0.30.

Micron Technology (NASDAQ:MU) last announced 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 firm had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $8.83 billion. Micron Technology had a return on equity of 13.60% and a net margin of 18.41%.During the same quarter in the previous year, the business earned $0.62 EPS. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. On average, equities analysts anticipate that Micron Technology will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

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

Insider Activity at Micron Technology

In other news, CFO Mark J. Murphy sold 34,000 shares of Micron Technology stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $109.32, for a total transaction of $3,716,880.00. Following the transaction, the chief financial officer owned 264,036 shares in the company, valued at $28,864,415.52. This trade represents a 11.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Mary Pat Mccarthy sold 2,404 shares of Micron Technology stock in a transaction 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 transaction, the director owned 20,146 shares in the company, valued at $2,330,287.82. This represents a 10.66% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 255,946 shares of company stock valued at $32,306,159 in the last quarter. 0.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. First Command Advisory Services Inc. lifted its stake 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 valued at $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 2nd quarter valued at $30,000. Opal Wealth Advisors LLC purchased a new position in shares of Micron Technology during the 1st quarter valued at $33,000. AlphaQuest LLC lifted its stake in shares of Micron Technology by 13,250.0% during the 2nd quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock valued at $33,000 after buying an additional 265 shares in the last quarter. Finally, WealthCollab LLC lifted its stake in shares of Micron Technology by 4,500.0% during the 2nd quarter. WealthCollab LLC now owns 276 shares of the semiconductor manufacturer’s stock valued at $34,000 after buying an additional 270 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.