Micron Technology (NASDAQ:MU) Trading 4.1% Higher Following Analyst Upgrade

Micron Technology, Inc. (NASDAQ:MU) was up 4.1% during mid-day trading on Monday after Susquehanna raised their price target on the stock from $200.00 to $300.00. Susquehanna currently has a positive rating on the stock. Micron Technology traded as high as $249.23 and last traded at $246.92. Approximately 20,194,909 shares were traded during trading, a decline of 14% from the average daily volume of 23,591,922 shares. The stock had previously closed at $237.22.

Several other research analysts have also weighed in on the company. UBS Group lifted their price objective on Micron Technology from $245.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. Bank of America lifted their target price on Micron Technology from $140.00 to $180.00 and gave the stock a “neutral” rating in a report on Wednesday, September 24th. Wedbush increased their price target on Micron Technology from $200.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, September 24th. Stifel Nicolaus lifted their price objective on shares of Micron Technology from $173.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, September 22nd. Finally, Piper Sandler boosted their target price on shares of Micron Technology from $165.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, September 24th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $225.04.

Insiders Place Their Bets

In other news, EVP April S. Arnzen sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $164.04, for a total transaction of $2,460,600.00. Following the completion of the sale, the executive vice president owned 131,580 shares in the company, valued at $21,584,383.20. This represents a 10.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 directly owned 219,693 shares in the company, valued at approximately $49,499,029.83. This trade represents a 36.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 399,852 shares of company stock worth $84,048,737. Insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Micron Technology

Hedge funds and other institutional investors have recently bought and sold shares of the business. Strategic Investment Solutions Inc. IL grew its holdings 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 acquiring an additional 211 shares during the last quarter. Severin Investments LLC purchased a new position in Micron Technology in the 3rd quarter worth about $475,000. Allworth Financial LP raised its holdings in Micron Technology by 19.9% during the 3rd 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 during the period. IFP Advisors Inc raised its holdings in Micron Technology by 1.4% during the 3rd 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 lifted its stake in Micron Technology by 52.0% during the third quarter. Swiss Life Asset Management Ltd now owns 161,503 shares of the semiconductor manufacturer’s stock valued at $27,023,000 after buying an additional 55,257 shares in the last quarter. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Micron Technology Stock Performance

The firm’s fifty day simple moving average is $215.54 and its 200 day simple moving average is $154.87. The company has a market capitalization of $277.57 billion, a price-to-earnings ratio of 32.53, a PEG ratio of 0.50 and a beta of 1.54. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79.

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

Micron Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd were paid a dividend of $0.115 per share. 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 currently 6.06%.

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.