Wolfe Research Issues Positive Forecast for Micron Technology (NASDAQ:MU) Stock Price

Micron Technology (NASDAQ:MU) had its price objective increased by Wolfe Research from $300.00 to $350.00 in a research report report published on Thursday morning,Benzinga reports. The firm currently has an outperform rating on the semiconductor manufacturer’s stock.

Several other equities research analysts also recently issued reports on the company. Bank of America upgraded Micron Technology from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $250.00 to $300.00 in a report on Thursday. Cantor Fitzgerald lifted their price target on shares of Micron Technology from $300.00 to $350.00 and gave the stock an “overweight” rating in a research note on Thursday. The Goldman Sachs Group upped their price target on shares of Micron Technology from $205.00 to $235.00 and gave the company a “neutral” rating in a report on Thursday. HSBC started coverage on shares of Micron Technology in a report on Tuesday, December 9th. They set a “buy” rating and a $330.00 price objective for the company. Finally, Citigroup upped their target price on shares of Micron Technology from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Micron Technology has an average rating of “Buy” and an average target price of $282.61.

Micron Technology Stock Performance

Micron Technology stock opened at $248.55 on Thursday. Micron Technology has a 12-month low of $61.54 and a 12-month high of $264.75. 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 company has a market capitalization of $279.40 billion, a price-to-earnings ratio of 23.63, a price-to-earnings-growth ratio of 0.33 and a beta of 1.54. The firm’s fifty day moving average price is $226.67 and its 200 day moving average price is $163.42.

Micron Technology (NASDAQ:MU) last announced its earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share for the quarter, beating the consensus estimate of $3.77 by $1.01. Micron Technology had a return on equity of 23.56% and a net margin of 28.15%.The company had revenue of $13.64 billion during the quarter, compared to the consensus estimate of $12.62 billion. During the same period last year, the firm earned $1.79 earnings per share. The company’s revenue was up 56.7% on a year-over-year basis. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. On average, research analysts forecast that Micron Technology will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Monday, December 29th will be given a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Monday, December 29th. Micron Technology’s dividend payout ratio is currently 6.06%.

Insider Buying and Selling 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 stock was sold at an average price of $222.81, for a total value of $18,270,420.00. Following the sale, the executive vice president owned 154,145 shares of the company’s stock, valued at approximately $34,345,047.45. This trade represents a 34.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP April S. Arnzen sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $164.04, for a total value of $2,460,600.00. Following the transaction, the executive vice president owned 131,580 shares of the company’s stock, valued at $21,584,383.20. This represents a 10.23% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 369,852 shares of company stock worth $79,364,303. Insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Micron Technology

Hedge funds have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of Micron Technology in the 2nd quarter worth about $1,980,700,000. AQR Capital Management LLC boosted its stake in Micron Technology by 411.9% during the 3rd quarter. AQR Capital Management LLC now owns 3,627,022 shares of the semiconductor manufacturer’s stock valued at $606,873,000 after purchasing an additional 2,918,535 shares during the period. Slate Path Capital LP bought a new position in Micron Technology in the 2nd quarter worth about $317,751,000. Vanguard Group Inc. increased its stake in shares of Micron Technology by 1.9% in the second 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 during the period. Finally, State Street Corp increased its stake in shares of Micron Technology by 2.7% in the second quarter. State Street Corp now owns 51,373,591 shares of the semiconductor manufacturer’s stock valued at $6,331,795,000 after purchasing an additional 1,349,713 shares during the period. 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.