Micron Technology (NASDAQ:MU) Trading Down 2.1% – Should You Sell?

Micron Technology, Inc. (NASDAQ:MU)’s stock price was down 2.1% on Tuesday . The company traded as low as $230.58 and last traded at $232.51. Approximately 22,075,264 shares traded hands during trading, a decline of 6% from the average daily volume of 23,559,709 shares. The stock had previously closed at $237.50.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MU. KeyCorp increased their target price on Micron Technology from $160.00 to $215.00 and gave the stock an “overweight” rating in a report on Wednesday, September 24th. Weiss Ratings raised shares of Micron Technology from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Saturday, November 1st. Barclays lifted their price objective on shares of Micron Technology from $195.00 to $240.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Needham & Company LLC upped their target price on shares of Micron Technology from $200.00 to $300.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, The Goldman Sachs Group lifted their price target on Micron Technology from $180.00 to $205.00 and gave the company a “buy” rating in a research note on Wednesday, December 3rd. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $242.79.

Micron Technology Stock Down 2.1%

The company has a current ratio of 2.52, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $261.37 billion, a P/E ratio of 30.63, a P/E/G ratio of 0.40 and a beta of 1.54. The stock’s 50-day simple moving average is $224.03 and its 200-day simple moving average is $161.41.

Micron Technology (NASDAQ:MU) last announced its earnings results 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. The firm had revenue of $11.32 billion for the quarter, compared to the consensus estimate of $11.05 billion. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The company’s revenue was up 46.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, research analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

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

Insiders Place Their Bets

In other Micron Technology news, CAO Scott R. Allen sold 8,800 shares of Micron Technology stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $210.02, for a total value of $1,848,176.00. Following the sale, the chief accounting officer owned 40,237 shares of the company’s stock, valued at approximately $8,450,574.74. The trade was a 17.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sanjay Mehrotra sold 3,743 shares of the stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $233.39, for a total transaction of $873,578.77. Following the transaction, the chief executive officer directly owned 396,578 shares of the company’s stock, valued at $92,557,339.42. This represents a 0.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 384,852 shares of company stock valued at $81,806,895. 0.24% of the stock is owned by company insiders.

Institutional Investors Weigh In On Micron Technology

A number of hedge funds have recently modified their holdings of the stock. Brighton Jones LLC raised its stake in shares of Micron Technology by 18.3% in the fourth quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock valued at $532,000 after buying an additional 976 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Micron Technology by 36.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,818 shares of the semiconductor manufacturer’s stock worth $505,000 after acquiring an additional 1,566 shares during the period. American Century Companies Inc. increased its holdings in Micron Technology by 7.8% in the 1st quarter. American Century Companies Inc. now owns 232,579 shares of the semiconductor manufacturer’s stock worth $20,209,000 after acquiring an additional 16,925 shares during the last quarter. Cresset Asset Management LLC raised its stake in Micron Technology by 67.4% in the 1st quarter. Cresset Asset Management LLC now owns 34,960 shares of the semiconductor manufacturer’s stock valued at $3,042,000 after acquiring an additional 14,071 shares during the period. Finally, Raymond James Financial Inc. raised its stake in Micron Technology by 3.1% in the 1st quarter. Raymond James Financial Inc. now owns 1,664,080 shares of the semiconductor manufacturer’s stock valued at $144,592,000 after acquiring an additional 49,720 shares during the period. Institutional investors 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.