Micron Technology (NASDAQ:MU) Now Covered by HSBC

HSBC assumed coverage on shares of Micron Technology (NASDAQ:MU) in a report released on Tuesday, MarketBeat reports. The brokerage issued a buy rating and a $330.00 price target on the semiconductor manufacturer’s stock.

A number of other research analysts have also commented on the stock. Piper Sandler upped their price target on shares of Micron Technology from $165.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, September 24th. Weiss Ratings upgraded Micron Technology from a “hold (c+)” rating to a “buy (b-)” rating in a report on Saturday, November 1st. Itau BBA Securities assumed coverage on Micron Technology in a research report on Tuesday, October 7th. They issued an “outperform” rating and a $249.00 target price on the stock. Needham & Company LLC increased their target price on Micron Technology from $150.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Finally, New Street Research restated a “neutral” rating on shares of Micron Technology in a research note on Tuesday, October 14th. Five research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Micron Technology currently has a consensus rating of “Buy” and a consensus price target of $231.41.

Micron Technology Stock Up 2.2%

Shares of MU stock opened at $252.42 on Tuesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52. The firm’s 50-day moving average is $218.91 and its 200-day moving average is $157.06. The stock has a market cap of $283.75 billion, a price-to-earnings ratio of 33.26, a PEG ratio of 0.52 and a beta of 1.54. Micron Technology has a 52-week low of $61.54 and a 52-week high of $260.58.

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

Micron Technology Dividend Announcement

The firm 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 (DPR) is 6.06%.

Insider Activity at Micron Technology

In related news, CAO Scott R. Allen sold 8,800 shares of the company’s 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 in the company, valued at $8,450,574.74. This represents a 17.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mark J. Murphy sold 126,000 shares of the company’s stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $225.31, for a total transaction of $28,389,060.00. Following the transaction, the chief financial officer owned 219,693 shares of the company’s stock, valued at $49,499,029.83. This trade represents a 36.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 392,352 shares of company stock valued at $82,994,387. Company insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Painted Porch Advisors LLC bought a new stake in Micron Technology during the 3rd quarter valued at $77,000. Strategic Investment Solutions Inc. IL boosted its holdings in Micron Technology by 77.3% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 484 shares of the semiconductor manufacturer’s stock worth $81,000 after acquiring an additional 211 shares during the last quarter. Severin Investments LLC bought a new stake in shares of Micron Technology in the 3rd quarter worth $475,000. Allworth Financial LP increased its stake in Micron Technology by 19.9% in the 3rd quarter. Allworth Financial LP now owns 31,079 shares of the semiconductor manufacturer’s stock valued at $5,200,000 after buying an additional 5,155 shares during the last quarter. Finally, IFP Advisors Inc increased its position in shares of Micron Technology by 1.4% during the third quarter. IFP Advisors Inc now owns 16,159 shares of the semiconductor manufacturer’s stock valued at $2,705,000 after acquiring an additional 223 shares during the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

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.