Micron Technology (NASDAQ:MU) Stock Price Up 4.7% After Analyst Upgrade

Micron Technology, Inc. (NASDAQ:MU) shares shot up 4.7% during trading on Friday after Mizuho raised their price target on the stock from $265.00 to $270.00. Mizuho currently has an outperform rating on the stock. Micron Technology traded as high as $240.57 and last traded at $237.22. 21,023,824 shares were traded during trading, a decline of 11% from the average session volume of 23,605,832 shares. The stock had previously closed at $226.65.

Other research analysts have also issued reports about the company. Wells Fargo & Company increased their price objective on Micron Technology from $220.00 to $300.00 and gave the company an “overweight” rating in a report on Friday, November 7th. KGI Securities upgraded shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 24th. BNP Paribas upgraded shares of Micron Technology from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, October 13th. Citigroup boosted their target price on shares of Micron Technology from $240.00 to $275.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Finally, Wedbush upped their price target on shares of Micron Technology from $200.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, September 24th. Five research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $221.46.

Insiders Place Their Bets

In related news, CEO Sanjay Mehrotra sold 3,743 shares of Micron Technology stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $233.39, for a total value of $873,578.77. Following the completion of the transaction, the chief executive officer owned 396,578 shares in the company, valued at $92,557,339.42. The trade was a 0.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mark J. Murphy sold 126,000 shares of the stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $225.31, for a total value of $28,389,060.00. Following the transaction, the chief financial officer owned 219,693 shares in the company, valued at $49,499,029.83. This represents a 36.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 399,852 shares of company stock valued at $84,048,737 over the last quarter. Insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Micron Technology

A number of hedge funds have recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL lifted its position in shares of Micron Technology by 77.3% in the third quarter. Strategic Investment Solutions Inc. IL now owns 484 shares of the semiconductor manufacturer’s stock valued at $81,000 after acquiring an additional 211 shares in the last quarter. Severin Investments LLC acquired a new position in Micron Technology in the 3rd quarter valued at $475,000. Allworth Financial LP lifted its holdings in Micron Technology by 19.9% in the 3rd quarter. Allworth Financial LP now owns 31,079 shares of the semiconductor manufacturer’s stock valued at $5,200,000 after purchasing an additional 5,155 shares in the last quarter. IFP Advisors Inc lifted its holdings in Micron Technology by 1.4% in the 3rd quarter. IFP Advisors Inc now owns 16,159 shares of the semiconductor manufacturer’s stock valued at $2,705,000 after purchasing an additional 223 shares in the last quarter. Finally, Swiss Life Asset Management Ltd boosted its stake in Micron Technology by 52.0% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 161,503 shares of the semiconductor manufacturer’s stock worth $27,023,000 after purchasing an additional 55,257 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.

Micron Technology Price Performance

The stock’s fifty day moving average price is $215.54 and its 200-day moving average price is $154.46. The firm has a market cap of $266.67 billion, a PE ratio of 31.25, a price-to-earnings-growth 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 posted its quarterly 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. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The firm had revenue of $11.32 billion for the quarter, compared to analyst estimates of $11.05 billion. During the same period in the previous year, the business posted $1.18 earnings per share. Micron Technology’s quarterly revenue was up 46.1% on a year-over-year basis. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, equities analysts expect that Micron Technology, Inc. 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. Stockholders of record on Friday, October 3rd were given a $0.115 dividend. The ex-dividend date 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%.

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.