Micron Technology, Inc. (NASDAQ:MU) Given Average Recommendation of “Buy” by Analysts

Shares of Micron Technology, Inc. (NASDAQ:MU) have earned an average recommendation of “Buy” from the thirty-seven research firms that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and five have given a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $242.7931.

A number of brokerages recently weighed in on MU. Wolfe Research increased their price objective on shares of Micron Technology from $200.00 to $300.00 and gave the company an “outperform” rating in a research report on Tuesday, December 2nd. Stifel Nicolaus increased their price target on Micron Technology from $195.00 to $300.00 and gave the company a “buy” rating in a report on Friday, December 12th. Mizuho lifted their price objective on Micron Technology from $265.00 to $270.00 and gave the stock an “outperform” rating in a report on Thursday, December 4th. Piper Sandler increased their target price on Micron Technology from $165.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, September 24th. Finally, KGI Securities raised Micron Technology from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 24th.

Insider Buying and Selling

In other Micron Technology news, EVP Scott J. Deboer sold 82,000 shares of the business’s stock in a transaction dated Monday, October 27th. The stock was 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP April S. Arnzen sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, September 30th. The stock was 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 directly owned 131,580 shares in the company, valued at $21,584,383.20. This trade represents a 10.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 384,852 shares of company stock valued at $81,806,895 over the last three months. 0.24% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. REAP Financial Group LLC purchased a new position in shares of Micron Technology in the third quarter worth $25,000. First Command Advisory Services Inc. lifted its stake in Micron Technology by 225.0% in the 2nd quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 153 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Micron Technology during the 3rd quarter valued at about $27,000. Howard Hughes Medical Institute bought a new position in shares of Micron Technology during the 2nd quarter valued at about $30,000. Finally, AlphaQuest LLC grew 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 valued at $33,000 after purchasing an additional 265 shares in the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Micron Technology Stock Performance

NASDAQ:MU opened at $232.51 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52. Micron Technology has a fifty-two week low of $61.54 and a fifty-two week high of $264.75. The firm has a market cap of $261.37 billion, a PE ratio of 30.63, a price-to-earnings-growth ratio of 0.38 and a beta of 1.54. The business has a 50 day moving average price of $224.96 and a 200-day moving average price of $162.38.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data 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 analyst estimates of $11.05 billion. During the same period last year, the company earned $1.18 EPS. The business’s quarterly 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. Equities research analysts predict that Micron Technology will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

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

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.