Micron Technology (NASDAQ:MU) Stock Price Up 6.2% on Analyst Upgrade

Shares of Micron Technology, Inc. (NASDAQ:MU) rose 6.2% on Monday after BNP Paribas Exane upgraded the stock from an underperform rating to an outperform rating. BNP Paribas Exane now has a $270.00 price target on the stock. Micron Technology traded as high as $193.40 and last traded at $192.77. Approximately 20,022,573 shares changed hands during trading, a decline of 14% from the average daily volume of 23,414,096 shares. The stock had previously closed at $181.60.

Other equities analysts have also recently issued research reports about the company. TD Cowen lifted their price target on Micron Technology from $150.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Wedbush lifted their price target on Micron Technology from $200.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, September 24th. JPMorgan Chase & Co. lifted their price target on Micron Technology from $185.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, September 24th. KGI Securities upgraded Micron Technology from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 24th. Finally, Cantor Fitzgerald lifted their price target on Micron Technology from $185.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, September 24th. Four analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $194.57.

Insider Activity at Micron Technology

In related news, EVP April S. Arnzen sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $164.04, for a total value of $2,460,600.00. Following the completion of the sale, the executive vice president directly owned 131,580 shares in the company, valued at approximately $21,584,383.20. The trade was a 10.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Richard M. Beyer sold 5,552 shares of the business’s stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $155.68, for a total value of $864,335.36. Following the completion of the sale, the director owned 96,031 shares of the company’s stock, valued at approximately $14,950,106.08. This trade represents a 5.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 146,956 shares of company stock worth $22,841,025. Company insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. CHICAGO TRUST Co NA acquired a new position in Micron Technology during the third quarter valued at approximately $847,000. Diversified Enterprises LLC increased its holdings in shares of Micron Technology by 22.0% during the third quarter. Diversified Enterprises LLC now owns 2,021 shares of the semiconductor manufacturer’s stock worth $338,000 after buying an additional 365 shares in the last quarter. CWC Advisors LLC. increased its holdings in shares of Micron Technology by 2.4% during the third quarter. CWC Advisors LLC. now owns 4,563 shares of the semiconductor manufacturer’s stock worth $763,000 after buying an additional 108 shares in the last quarter. Sound Income Strategies LLC increased its holdings in shares of Micron Technology by 10.9% during the third quarter. Sound Income Strategies LLC now owns 1,531 shares of the semiconductor manufacturer’s stock worth $256,000 after buying an additional 150 shares in the last quarter. Finally, BNC Wealth Management LLC acquired a new position in shares of Micron Technology during the third quarter worth $255,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology Stock Up 6.2%

The firm’s fifty day moving average price is $144.50 and its 200-day moving average price is $114.89. The company has a market capitalization of $216.38 billion, a price-to-earnings ratio of 25.40, a P/E/G ratio of 0.40 and a beta of 1.56. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.86. The company had revenue of $11.32 billion during the quarter, compared to the consensus estimate of $11.05 billion. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The company’s revenue for the quarter was up 46.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Sell-side analysts expect that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Friday, October 3rd will be issued a dividend of $0.115 per share. The ex-dividend date is Friday, October 3rd. This represents a $0.46 annualized dividend and a dividend yield of 0.2%. Micron Technology’s dividend payout ratio is 6.06%.

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.