Micron Technology (NASDAQ:MU) Price Target Raised to $300.00

Micron Technology (NASDAQ:MU) had its target price lifted by Susquehanna from $200.00 to $300.00 in a report released on Monday morning,Benzinga reports. Susquehanna currently has a positive rating on the semiconductor manufacturer’s stock.

A number of other equities analysts also recently weighed in on MU. Cantor Fitzgerald upped their price target on shares of Micron Technology from $185.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 24th. Citigroup boosted their target price on Micron Technology from $240.00 to $275.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Weiss Ratings raised Micron Technology from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Saturday, November 1st. Mizuho lifted their price target on Micron Technology from $265.00 to $270.00 and gave the company an “outperform” rating in a report on Thursday, December 4th. Finally, The Goldman Sachs Group increased their price objective on Micron Technology from $180.00 to $205.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. Five research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $232.28.

Micron Technology Price Performance

Shares of MU opened at $263.71 on Monday. The business’s 50-day moving average is $220.54 and its 200-day moving average is $157.80. 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 $296.44 billion, a price-to-earnings ratio of 34.74, a P/E/G ratio of 0.43 and a beta of 1.54. Micron Technology has a fifty-two week low of $61.54 and a fifty-two week high of $264.75.

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

Micron Technology Announces Dividend

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

Insider Activity

In other Micron Technology news, CFO Mark J. Murphy sold 126,000 shares of the business’s stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $225.31, for a total transaction of $28,389,060.00. Following the completion of the transaction, the chief financial officer owned 219,693 shares of the company’s stock, valued at $49,499,029.83. The trade was a 36.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP April S. Arnzen sold 15,000 shares of the company’s stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $164.04, for a total transaction of $2,460,600.00. Following the sale, the executive vice president owned 131,580 shares of the company’s stock, valued at $21,584,383.20. This trade represents a 10.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 392,352 shares of company stock worth $82,994,387. 0.24% of the stock is owned by company insiders.

Hedge Funds Weigh In On Micron Technology

Several large investors have recently made changes to their positions in the business. REAP Financial Group LLC bought a new position in Micron Technology in the 3rd quarter worth approximately $25,000. First Command Advisory Services Inc. boosted its position in shares of Micron Technology by 225.0% in the second quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock valued at $27,000 after acquiring an additional 153 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Micron Technology in the third quarter worth $27,000. Howard Hughes Medical Institute bought a new position in Micron Technology during the second quarter worth $30,000. Finally, AlphaQuest LLC raised its stake in Micron Technology by 13,250.0% during the 2nd quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock valued at $33,000 after purchasing an additional 265 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.

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.