Micron Technology (NASDAQ:MU) Given New $265.00 Price Target at Mizuho

Micron Technology (NASDAQ:MU) had its price target raised by Mizuho from $240.00 to $265.00 in a report issued on Tuesday,Benzinga reports. They currently have an outperform rating on the semiconductor manufacturer’s stock.

Other equities research analysts have also recently issued reports about the stock. KeyCorp boosted their price objective on shares of Micron Technology from $160.00 to $215.00 and gave the company an “overweight” rating in a research report on Wednesday, September 24th. JPMorgan Chase & Co. boosted their price objective on shares of Micron Technology from $185.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, September 24th. Wells Fargo & Company boosted their price objective on shares of Micron Technology from $170.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, September 24th. UBS Group boosted their price target on shares of Micron Technology from $225.00 to $245.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Finally, New Street Research reissued a “neutral” rating on shares of Micron Technology in a research report on Tuesday, October 14th. Five research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $202.79.

Micron Technology Trading Up 0.8%

MU opened at $221.91 on Tuesday. The stock has a market capitalization of $249.09 billion, a P/E ratio of 29.24, a P/E/G ratio of 0.50 and a beta of 1.56. Micron Technology has a 12 month low of $61.54 and a 12 month high of $224.98. The firm’s fifty day simple moving average is $163.36 and its 200 day simple moving average is $124.89. The company has a current ratio of 2.52, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 EPS for the quarter, meeting the consensus estimate of $2.86. The business had revenue of $11.32 billion for the quarter, compared to analysts’ expectations of $11.05 billion. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The firm’s revenue was up 46.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, research analysts anticipate that Micron Technology will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Friday, October 3rd were paid a $0.115 dividend. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $0.46 annualized dividend and a yield of 0.2%. Micron Technology’s dividend payout ratio is presently 6.06%.

Insider Activity at Micron Technology

In related news, EVP April S. Arnzen sold 15,000 shares of the stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $164.04, for a total value of $2,460,600.00. Following the completion of the transaction, the executive vice president owned 131,580 shares of the company’s stock, valued at $21,584,383.20. This represents a 10.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Scott R. Allen sold 8,800 shares of the stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $210.02, for a total transaction of $1,848,176.00. Following the completion of the transaction, the chief accounting officer directly owned 40,237 shares of the company’s stock, valued at approximately $8,450,574.74. The trade was a 17.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 144,256 shares of company stock valued at $25,564,625 in the last quarter. Insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Micron Technology

Large investors have recently modified their holdings of the business. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Micron Technology during the third quarter valued at $27,000. First Command Advisory Services Inc. increased its position in shares of Micron Technology by 225.0% during the second quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock worth $27,000 after buying an additional 153 shares during the period. Howard Hughes Medical Institute acquired a new stake in shares of Micron Technology during the second quarter worth $30,000. AlphaQuest LLC increased its position in shares of Micron Technology by 13,250.0% during the second quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock worth $33,000 after buying an additional 265 shares during the period. Finally, American Capital Advisory LLC increased its position in shares of Micron Technology by 20.4% during the third quarter. American Capital Advisory LLC now owns 272 shares of the semiconductor manufacturer’s stock worth $46,000 after buying an additional 46 shares during the period. 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.