Micron Technology (NASDAQ:MU) Given New $270.00 Price Target at Mizuho

Micron Technology (NASDAQ:MU) had its price target hoisted by Mizuho from $265.00 to $270.00 in a report released on Thursday,Benzinga reports. Mizuho currently has an outperform rating on the semiconductor manufacturer’s stock.

A number of other analysts have also weighed in on MU. Morgan Stanley upped their target price on shares of Micron Technology to $338.00 and gave the stock an “overweight” rating in a report on Monday, November 24th. Zacks Research raised shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 19th. Wells Fargo & Company increased their price objective on Micron Technology from $220.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Wall Street Zen upgraded Micron Technology from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 23rd. Finally, The Goldman Sachs Group upped their target price on Micron Technology from $180.00 to $205.00 and gave the stock a “buy” rating in a research note on Wednesday. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Micron Technology presently has a consensus rating of “Buy” and a consensus price target of $221.46.

Micron Technology Price Performance

Micron Technology stock opened at $226.65 on Thursday. The firm has a market capitalization of $254.78 billion, a P/E ratio of 29.86, a PEG ratio of 0.49 and a beta of 1.54. Micron Technology has a one year low of $61.54 and a one year high of $260.58. 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 business has a fifty day moving average price of $213.95 and a 200-day moving average price of $153.10.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.86 by $0.17. The business had revenue of $11.32 billion for the quarter, compared to analysts’ expectations of $11.05 billion. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The firm’s quarterly revenue was up 46.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, equities research analysts forecast that Micron Technology will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Friday, October 3rd were given 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 presently 6.06%.

Insider Transactions at Micron Technology

In other Micron Technology news, CAO Scott R. Allen sold 8,800 shares of Micron Technology 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 transaction, the chief accounting officer directly owned 40,237 shares of the company’s stock, valued at approximately $8,450,574.74. This trade represents a 17.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Scott J. Deboer sold 82,000 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $34,345,047.45. This trade represents a 34.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 399,852 shares of company stock worth $84,048,737 in the last three months. Corporate insiders own 0.30% of the company’s stock.

Institutional Trading of Micron Technology

Several large investors have recently modified their holdings of MU. Strategic Investment Solutions Inc. IL lifted its position in shares of Micron Technology by 77.3% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 484 shares of the semiconductor manufacturer’s stock worth $81,000 after purchasing an additional 211 shares during the period. Severin Investments LLC bought a new position in Micron Technology in the third quarter worth about $475,000. Allworth Financial LP raised its stake in Micron Technology by 19.9% in the third quarter. Allworth Financial LP now owns 31,079 shares of the semiconductor manufacturer’s stock worth $5,200,000 after buying an additional 5,155 shares in the last quarter. IFP Advisors Inc lifted its holdings in Micron Technology by 1.4% in the third quarter. IFP Advisors Inc now owns 16,159 shares of the semiconductor manufacturer’s stock worth $2,705,000 after buying an additional 223 shares during the period. Finally, Swiss Life Asset Management Ltd boosted its position in Micron Technology by 52.0% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 161,503 shares of the semiconductor manufacturer’s stock valued at $27,023,000 after acquiring an additional 55,257 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.