Summit Insights cut shares of Micron Technology (NASDAQ:MU – Free Report) from a buy rating to a hold rating in a research note released on Thursday morning, Marketbeat.com reports.
Several other research analysts have also issued reports on the company. Morgan Stanley increased their price objective on Micron Technology from $350.00 to $450.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 11th. HSBC boosted their target price on shares of Micron Technology from $350.00 to $500.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. William Blair initiated coverage on shares of Micron Technology in a report on Thursday, January 22nd. They issued an “outperform” rating on the stock. UBS Group increased their target price on shares of Micron Technology to $475.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Finally, Wall Street Zen raised shares of Micron Technology from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 23rd. Five analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $453.55.
Read Our Latest Analysis on MU
Micron Technology Stock Down 3.8%
Micron Technology (NASDAQ:MU – Get Free Report) last issued its earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.50 by $3.70. The business had revenue of $23.86 billion during the quarter, compared to analysts’ expectations of $18.90 billion. Micron Technology had a return on equity of 44.53% and a net margin of 41.49%.Micron Technology’s quarterly revenue was up 196.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.56 EPS. Equities analysts forecast that Micron Technology will post 6.08 earnings per share for the current fiscal year.
Micron Technology Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Monday, March 30th will be issued a $0.15 dividend. This is a positive change from Micron Technology’s previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Monday, March 30th. Micron Technology’s dividend payout ratio (DPR) is presently 2.17%.
Insider Buying and Selling at Micron Technology
In other Micron Technology news, EVP April S. Arnzen sold 15,000 shares of the stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $277.09, for a total transaction of $4,156,350.00. Following the sale, the executive vice president owned 165,618 shares of the company’s stock, valued at $45,891,091.62. This represents a 8.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Teyin M. Liu acquired 11,600 shares of the stock in a transaction on Tuesday, January 13th. The stock was bought at an average price of $337.07 per share, with a total value of $3,910,012.00. Following the transaction, the director directly owned 14,310 shares in the company, valued at approximately $4,823,471.70. This represents a 428.04% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have acquired 23,200 shares of company stock worth $7,821,723 and have sold 68,623 shares worth $25,989,258. Corporate insiders own 0.24% of the company’s stock.
Institutional Trading of Micron Technology
Hedge funds and other institutional investors have recently modified their holdings of the stock. Manning & Napier Advisors LLC lifted its stake in shares of Micron Technology by 2.4% in the 4th quarter. Manning & Napier Advisors LLC now owns 1,030 shares of the semiconductor manufacturer’s stock valued at $301,000 after purchasing an additional 24 shares during the period. SWAN Capital LLC boosted its position in shares of Micron Technology by 9.7% in the 4th quarter. SWAN Capital LLC now owns 271 shares of the semiconductor manufacturer’s stock worth $77,000 after purchasing an additional 24 shares during the last quarter. Vivaldi Capital Management LP grew its stake in shares of Micron Technology by 1.2% during the fourth quarter. Vivaldi Capital Management LP now owns 1,964 shares of the semiconductor manufacturer’s stock worth $561,000 after purchasing an additional 24 shares during the period. Round Rock Advisors LLC grew its stake in shares of Micron Technology by 0.6% during the fourth quarter. Round Rock Advisors LLC now owns 4,333 shares of the semiconductor manufacturer’s stock worth $1,237,000 after purchasing an additional 25 shares during the period. Finally, Arlington Trust Co LLC increased its holdings in Micron Technology by 26.3% in the fourth quarter. Arlington Trust Co LLC now owns 120 shares of the semiconductor manufacturer’s stock valued at $34,000 after purchasing an additional 25 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.
Key Headlines Impacting Micron Technology
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: Q2 blowout: record revenue, huge margin expansion and aggressive Q3 guidance that highlights ongoing AI/HBM demand — underpins multi‑year growth thesis. Micron’s Mic-Drop Quarter: AI Memory Demand Supercharged Earnings
- Positive Sentiment: Wall Street is raising targets: numerous firms bumped price targets (several into the $500s–$700s) and reiterated buys, reflecting confidence in pricing power and tight supply. Micron Stock Forecast Soars as Analysts See ‘No Indication of Slowing Momentum’
- Positive Sentiment: Capital returns: Micron raised its quarterly dividend ~30% to $0.15, signaling confidence in cash flow generation. (Company release)
- Neutral Sentiment: Product/capacity updates: Micron is ramping HBM4 and PCIe Gen6 SSDs and says much of near‑term capacity is sold out — positive for pricing but tied to execution risk. Micron’s New HBM4 And PCIe Gen6 SSDs Test Lofty AI Valuation
- Negative Sentiment: Higher capex and spending plans worried investors: management flagged a meaningful spending ramp to expand capacity/quality, which investors fear could pressure free cash flow and cap current margin momentum. Micron shares slip as hefty spending plans eclipse strong AI-fueled earnings
- Negative Sentiment: Sell‑the‑news / downgrade pressure: despite the beat, some investors trimmed positions and at least one bearish note flagged increasing HBM competition (Samsung entering NVIDIA supply chain) and cyclical risk, prompting a pullback. Micron: Entering The Danger Zone (Rating Downgrade)
About Micron Technology
Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.
Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.
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