Micron Technology (NASDAQ:MU) Price Target Raised to $270.00

Micron Technology (NASDAQ:MU) had its price objective upped by Mizuho from $265.00 to $270.00 in a research note issued to investors on Thursday morning,Benzinga reports. The brokerage currently has an outperform rating on the semiconductor manufacturer’s stock.

A number of other equities analysts have also recently weighed in on the company. Wall Street Zen raised Micron Technology from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 23rd. Susquehanna raised their target price on shares of Micron Technology from $160.00 to $200.00 and gave the stock a “positive” rating in a report on Wednesday, September 17th. Wolfe Research boosted their price target on shares of Micron Technology from $200.00 to $300.00 and gave the company an “outperform” rating in a report on Tuesday, December 2nd. Bank of America upped their price target on shares of Micron Technology from $140.00 to $180.00 and gave the company a “neutral” rating in a research report on Wednesday, September 24th. Finally, Zacks Research upgraded shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 19th. Five analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $221.46.

Micron Technology Trading Up 4.7%

Micron Technology stock opened at $237.22 on Thursday. The firm has a market cap of $266.67 billion, a price-to-earnings ratio of 31.25, a price-to-earnings-growth ratio of 0.50 and a beta of 1.54. Micron Technology has a 1 year low of $61.54 and a 1 year high of $260.58. The firm’s 50 day moving average price is $215.54 and its two-hundred day moving average price is $154.46. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52.

Micron Technology (NASDAQ:MU) last released its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.86 by $0.17. The business had revenue of $11.32 billion during the quarter, compared to analyst estimates 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 period last year, the company posted $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. On average, research analysts predict that Micron Technology will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

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

Insider Transactions at Micron Technology

In other news, CAO Scott R. Allen sold 8,800 shares of the firm’s stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $210.02, for a total transaction of $1,848,176.00. Following the completion of the sale, the chief accounting officer directly owned 40,237 shares of the company’s stock, valued at $8,450,574.74. This trade represents a 17.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Mark J. Murphy sold 126,000 shares of the business’s stock in a transaction that occurred on 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 sale, the chief financial officer directly owned 219,693 shares of the company’s stock, valued at approximately $49,499,029.83. The trade was a 36.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 399,852 shares of company stock valued at $84,048,737 in the last three months. 0.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MU. Orleans Capital Management Corp LA bought a new stake in Micron Technology in the 2nd quarter valued at $256,000. Wealthspire Advisors LLC boosted its position in shares of Micron Technology by 27.8% during the 2nd quarter. Wealthspire Advisors LLC now owns 14,754 shares of the semiconductor manufacturer’s stock valued at $1,818,000 after acquiring an additional 3,208 shares in the last quarter. KLP Kapitalforvaltning AS boosted its position in shares of Micron Technology by 6.2% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 403,105 shares of the semiconductor manufacturer’s stock valued at $49,683,000 after acquiring an additional 23,600 shares in the last quarter. WealthBridge Capital Management LLC bought a new stake in Micron Technology in the second quarter valued at about $210,000. Finally, Achmea Investment Management B.V. acquired a new position in Micron Technology in the second quarter worth about $3,759,000. 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.