Micron Technology (NASDAQ:MU) Upgraded at Weiss Ratings

Weiss Ratings upgraded shares of Micron Technology (NASDAQ:MU) from a hold (c+) rating to a buy (b-) rating in a research report report published on Saturday morning,Weiss Ratings reports.

Several other brokerages have also recently weighed in on MU. Piper Sandler boosted their target price on Micron Technology from $165.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, September 24th. BNP Paribas Exane upgraded shares of Micron Technology from an “underperform” rating to an “outperform” rating and set a $270.00 price target on the stock in a research note on Monday, October 13th. KeyCorp upped their price target 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. Itau BBA Securities initiated coverage on shares of Micron Technology in a report on Tuesday, October 7th. They issued an “outperform” rating and a $249.00 target price on the stock. Finally, UBS Group increased their price target on shares of Micron Technology from $225.00 to $245.00 and gave the company a “buy” rating in a report on Thursday, October 16th. Five research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $202.79.

Micron Technology Price Performance

Shares of MU stock opened at $234.70 on Friday. The stock has a market capitalization of $263.44 billion, a price-to-earnings ratio of 30.92, a P/E/G ratio of 0.51 and a beta of 1.56. 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 has a twelve month low of $61.54 and a twelve month high of $237.62. The stock has a fifty day simple moving average of $172.20 and a two-hundred day simple moving average of $129.71.

Micron Technology (NASDAQ:MU) last released 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 business had revenue of $11.32 billion for the quarter, compared to analyst estimates of $11.05 billion. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The business’s revenue for the quarter was up 46.1% on a year-over-year basis. 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 predict that Micron Technology 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. Stockholders of record on Friday, October 3rd were given a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, October 3rd. Micron Technology’s dividend payout ratio (DPR) is 6.06%.

Insider Buying and Selling at Micron Technology

In other news, CEO Sanjay Mehrotra sold 22,500 shares of Micron Technology stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $220.72, for a total value of $4,966,200.00. Following the transaction, the chief executive officer owned 446,578 shares of the company’s stock, valued at $98,568,696.16. This trade represents a 4.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Scott J. Deboer sold 82,000 shares of the stock in a transaction dated 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 owned 154,145 shares of the company’s stock, valued at approximately $34,345,047.45. The trade was a 34.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 397,256 shares of company stock worth $82,321,039 in the last ninety days. Insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On Micron Technology

Several institutional investors have recently made changes to their positions in MU. Vanguard Group Inc. boosted its stake in shares of Micron Technology by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 103,879,662 shares of the semiconductor manufacturer’s stock valued at $12,803,168,000 after purchasing an additional 1,973,294 shares in the last quarter. State Street Corp grew its position in Micron Technology by 2.7% in the 2nd quarter. State Street Corp now owns 51,373,591 shares of the semiconductor manufacturer’s stock worth $6,331,795,000 after purchasing an additional 1,349,713 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Micron Technology by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 25,690,491 shares of the semiconductor manufacturer’s stock worth $3,152,974,000 after purchasing an additional 314,489 shares during the last quarter. Norges Bank bought a new position in Micron Technology in the 2nd quarter worth approximately $1,980,700,000. Finally, Goldman Sachs Group Inc. raised its position in shares of Micron Technology by 23.8% in the first quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer’s stock worth $922,467,000 after buying an additional 2,038,641 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors.

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.