Micron Technology (NASDAQ:MU) Stock Price Up 2.1% on Analyst Upgrade

Micron Technology, Inc. (NASDAQ:MU)’s stock price rose 2.1% on Wednesday after Mizuho raised their price target on the stock from $240.00 to $265.00. Mizuho currently has an outperform rating on the stock. Micron Technology traded as high as $232.40 and last traded at $226.63. Approximately 23,115,899 shares traded hands during trading, a decline of 1% from the average daily volume of 23,334,488 shares. The stock had previously closed at $221.91.

Several other research analysts have also recently commented on MU. Rosenblatt Securities raised their target price on shares of Micron Technology from $200.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Summit Insights upgraded shares of Micron Technology to a “strong-buy” rating in a report on Tuesday, September 23rd. Cantor Fitzgerald raised their target price on shares of Micron Technology from $185.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, September 24th. UBS Group raised their target price on shares of Micron Technology from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Finally, Barclays raised their target price on shares of Micron Technology from $195.00 to $240.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Five analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $202.79.

Insider Activity at Micron Technology

In related news, EVP Scott J. Deboer sold 82,000 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $222.81, for a total transaction of $18,270,420.00. Following the completion of the sale, the executive vice president directly owned 154,145 shares in the company, valued at approximately $34,345,047.45. This trade represents a 34.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP April S. Arnzen sold 15,000 shares of the firm’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 transaction of $2,460,600.00. Following the sale, the executive vice president owned 131,580 shares of the company’s stock, valued at approximately $21,584,383.20. This represents a 10.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 248,756 shares of company stock valued at $48,801,245. 0.30% of the stock is owned by company insiders.

Institutional Trading of Micron Technology

Several institutional investors have recently made changes to their positions in the stock. McAdam LLC acquired a new stake in shares of Micron Technology during the third quarter worth approximately $254,000. Bank of Stockton lifted its stake in Micron Technology by 0.5% in the third quarter. Bank of Stockton now owns 18,386 shares of the semiconductor manufacturer’s stock valued at $3,076,000 after acquiring an additional 88 shares during the last quarter. Sage Mountain Advisors LLC lifted its stake in Micron Technology by 18.7% in the third quarter. Sage Mountain Advisors LLC now owns 7,506 shares of the semiconductor manufacturer’s stock valued at $1,256,000 after acquiring an additional 1,185 shares during the last quarter. Dynasty Wealth Management LLC lifted its stake in Micron Technology by 45.2% in the third quarter. Dynasty Wealth Management LLC now owns 15,784 shares of the semiconductor manufacturer’s stock valued at $2,641,000 after acquiring an additional 4,916 shares during the last quarter. Finally, Jackson Thornton Wealth Management LLC acquired a new stake in Micron Technology in the third quarter valued at approximately $753,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology Price Performance

The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79. The stock has a market capitalization of $254.39 billion, a price-to-earnings ratio of 29.86, a PEG ratio of 0.50 and a beta of 1.56. The stock’s 50 day simple moving average is $165.54 and its 200-day simple moving average is $125.99.

Micron Technology (NASDAQ:MU) last posted its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.86. The firm had revenue of $11.32 billion during 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 company’s revenue was up 46.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. On average, analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

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

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.