Cantor Fitzgerald Has Positive Outlook of MU FY2026 Earnings

Micron Technology, Inc. (NASDAQ:MU) – Stock analysts at Cantor Fitzgerald increased their FY2026 earnings estimates for Micron Technology in a research note issued to investors on Wednesday, September 24th. Cantor Fitzgerald analyst C. Muse now forecasts that the semiconductor manufacturer will post earnings of $15.63 per share for the year, up from their prior forecast of $12.98. Cantor Fitzgerald currently has a “Overweight” rating and a $200.00 target price on the stock. The consensus estimate for Micron Technology’s current full-year earnings is $6.08 per share.

Micron Technology (NASDAQ:MU) last released its earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.34. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The business had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $8.83 billion. During the same quarter last year, the firm earned $0.62 earnings per share.

A number of other analysts also recently issued reports on MU. Needham & Company LLC lifted their target price on Micron Technology from $150.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday. TD Cowen raised their price target on Micron Technology from $150.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Wells Fargo & Company upped their price objective on Micron Technology from $170.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday. Morgan Stanley increased their price objective on Micron Technology from $135.00 to $160.00 and gave the company an “equal weight” rating in a report on Monday, September 22nd. Finally, The Goldman Sachs Group raised their target price on shares of Micron Technology from $130.00 to $145.00 and gave the company a “neutral” rating in a research note on Wednesday. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $184.77.

Micron Technology Trading Up 0.3%

Shares of NASDAQ:MU opened at $157.27 on Friday. The company’s 50-day moving average price is $128.30 and its two-hundred day moving average price is $108.02. Micron Technology has a one year low of $61.54 and a one year high of $170.45. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.89. The stock has a market capitalization of $176.00 billion, a PE ratio of 20.72, a price-to-earnings-growth ratio of 0.40 and a beta of 1.47.

Micron Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd will be issued a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, October 3rd. Micron Technology’s payout ratio is currently 6.06%.

Insider Activity at Micron Technology

In other news, CEO Sanjay Mehrotra sold 13,798 shares of the firm’s stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $162.20, for a total transaction of $2,238,035.60. Following the completion of the sale, the chief executive officer owned 325,148 shares in the company, valued at approximately $52,739,005.60. This trade represents a 4.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Manish H. Bhatia sold 80,000 shares of Micron Technology stock in a transaction dated 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 sale, the executive vice president directly owned 275,067 shares of the company’s stock, valued at $33,877,251.72. The trade was a 22.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold 156,308 shares of company stock valued at $19,804,967 over the last three months. Company insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Micron Technology

A number of hedge funds have recently bought and sold shares of MU. 180 Wealth Advisors LLC boosted its holdings in Micron Technology by 1.9% in the 2nd quarter. 180 Wealth Advisors LLC now owns 5,235 shares of the semiconductor manufacturer’s stock valued at $645,000 after purchasing an additional 99 shares during the period. SilverOak Wealth Management LLC raised its position in shares of Micron Technology by 3.5% in the second quarter. SilverOak Wealth Management LLC now owns 2,955 shares of the semiconductor manufacturer’s stock valued at $364,000 after buying an additional 100 shares in the last quarter. Beta Wealth Group Inc. raised its position in shares of Micron Technology by 1.5% in the second quarter. Beta Wealth Group Inc. now owns 6,805 shares of the semiconductor manufacturer’s stock valued at $839,000 after buying an additional 102 shares in the last quarter. HMS Capital Management LLC boosted its stake in shares of Micron Technology by 0.6% in the second quarter. HMS Capital Management LLC now owns 19,271 shares of the semiconductor manufacturer’s stock valued at $2,375,000 after buying an additional 107 shares during the period. Finally, D.B. Root & Company LLC grew its position in Micron Technology by 3.7% during the first quarter. D.B. Root & Company LLC now owns 3,018 shares of the semiconductor manufacturer’s stock worth $262,000 after buying an additional 108 shares in the last quarter. 80.84% of the stock is owned by institutional investors.

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.