Micron Technology (NASDAQ:MU) Stock Price Up 10.2% After Better-Than-Expected Earnings

Micron Technology, Inc. (NASDAQ:MU) shares traded up 10.2% during mid-day trading on Thursday following a stronger than expected earnings report. The stock traded as high as $263.65 and last traded at $248.55. 63,946,205 shares changed hands during trading, an increase of 169% from the average session volume of 23,804,475 shares. The stock had previously closed at $225.52.

The semiconductor manufacturer reported $4.78 EPS for the quarter, topping the consensus estimate of $3.77 by $1.01. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The firm had revenue of $13.64 billion for the quarter, compared to the consensus estimate of $12.62 billion. During the same quarter in the previous year, the business earned $1.79 earnings per share. The company’s quarterly 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.

Micron Technology Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on MU shares. JPMorgan Chase & Co. increased their price target on shares of Micron Technology from $220.00 to $350.00 and gave the company an “overweight” rating in a research report on Thursday. New Street Research reiterated a “neutral” rating on shares of Micron Technology in a report on Tuesday, October 14th. The Goldman Sachs Group raised their target price on Micron Technology from $205.00 to $235.00 and gave the stock a “neutral” rating in a research note on Thursday. Raymond James Financial upped their price target on Micron Technology from $190.00 to $310.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Cantor Fitzgerald increased their price objective on Micron Technology from $300.00 to $350.00 and gave the stock an “overweight” rating in a report on Thursday. 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $282.61.

Insider Activity

In other Micron Technology news, CFO Mark J. Murphy sold 126,000 shares of the company’s stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $225.31, for a total value of $28,389,060.00. Following the completion of the transaction, the chief financial officer owned 219,693 shares in the company, valued at approximately $49,499,029.83. This represents a 36.45% 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, EVP Scott J. Deboer sold 82,000 shares of the stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $222.81, for a total transaction of $18,270,420.00. Following the sale, the executive vice president directly owned 154,145 shares in the company, valued at approximately $34,345,047.45. The trade was a 34.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 383,650 shares of company stock worth $81,602,339 in the last ninety days. Corporate insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Micron Technology

Hedge funds have recently modified their holdings of the business. Orleans Capital Management Corp LA purchased a new position in Micron Technology during the second quarter worth about $256,000. Cary Street Partners Financial LLC grew its position in Micron Technology by 25.0% in the second quarter. Cary Street Partners Financial LLC now owns 26,132 shares of the semiconductor manufacturer’s stock worth $3,221,000 after acquiring an additional 5,233 shares during the period. Wealthspire Advisors LLC increased its stake in Micron Technology by 27.8% during the second quarter. Wealthspire Advisors LLC now owns 14,754 shares of the semiconductor manufacturer’s stock worth $1,818,000 after acquiring an additional 3,208 shares during the last quarter. KLP Kapitalforvaltning AS raised its position in Micron Technology by 6.2% in the second quarter. KLP Kapitalforvaltning AS now owns 403,105 shares of the semiconductor manufacturer’s stock valued at $49,683,000 after purchasing an additional 23,600 shares during the period. Finally, WealthBridge Capital Management LLC purchased a new stake in Micron Technology in the second quarter valued at $210,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology Trading Up 10.2%

The firm has a market cap of $279.40 billion, a price-to-earnings ratio of 32.75, a price-to-earnings-growth ratio of 0.34 and a beta of 1.54. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52. The company has a 50 day moving average price of $225.54 and a 200 day moving average price of $162.83.

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.