Micron Technology, Inc. (NASDAQ:MU) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Micron Technology, Inc. (NASDAQ:MU) have been assigned an average rating of “Moderate Buy” from the twenty-seven research firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $147.24.

Several analysts recently issued reports on the stock. Mizuho boosted their target price on shares of Micron Technology from $124.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, June 5th. KGI Securities lowered shares of Micron Technology from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft started coverage on shares of Micron Technology in a research report on Thursday, July 10th. They set a “buy” rating and a $150.00 target price for the company. Needham & Company LLC restated a “buy” rating and set a $150.00 target price on shares of Micron Technology in a research note on Monday, August 11th. Finally, Susquehanna raised their target price on shares of Micron Technology from $150.00 to $160.00 and gave the stock a “positive” rating in a research note on Thursday, June 26th.

Insider Activity at Micron Technology

In other Micron Technology news, CFO Mark J. Murphy sold 34,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $109.32, for a total transaction of $3,716,880.00. Following the sale, the chief financial officer owned 264,036 shares in the company, valued at approximately $28,864,415.52. This trade represents a 11.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven J. Gomo sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $125.15, for a total transaction of $876,050.00. Following the sale, the director owned 22,762 shares in the company, valued at approximately $2,848,664.30. The trade was a 23.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 286,042 shares of company stock worth $34,679,277 in the last 90 days. Insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Duquesne Family Office LLC bought a new position in Micron Technology in the 4th quarter worth approximately $34,412,000. Janus Henderson Group PLC increased its stake in Micron Technology by 74.6% in the 4th quarter. Janus Henderson Group PLC now owns 2,646,936 shares of the semiconductor manufacturer’s stock worth $222,779,000 after acquiring an additional 1,130,680 shares during the last quarter. Mission Wealth Management LP increased its stake in Micron Technology by 195.2% in the 1st quarter. Mission Wealth Management LP now owns 15,650 shares of the semiconductor manufacturer’s stock worth $1,360,000 after acquiring an additional 10,348 shares during the last quarter. Centre Asset Management LLC bought a new stake in Micron Technology in the 1st quarter worth approximately $7,720,000. Finally, ProShare Advisors LLC increased its stake in Micron Technology by 16.9% in the 4th quarter. ProShare Advisors LLC now owns 1,650,957 shares of the semiconductor manufacturer’s stock worth $138,945,000 after acquiring an additional 238,687 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors.

Micron Technology Stock Performance

Shares of NASDAQ MU opened at $117.21 on Thursday. The firm has a 50 day moving average of $118.45 and a 200 day moving average of $99.68. The company has a current ratio of 2.75, a quick ratio of 1.89 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $131.17 billion, a price-to-earnings ratio of 21.12 and a beta of 1.37. Micron Technology has a 12-month low of $61.54 and a 12-month high of $129.85.

Micron Technology (NASDAQ:MU) last announced its earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.34. The company had revenue of $9.30 billion during the quarter, compared to analyst estimates of $8.83 billion. Micron Technology had a net margin of 18.41% and a return on equity of 13.60%. During the same period in the previous year, the business posted $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. On average, research analysts anticipate that Micron Technology will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 22nd. Shareholders of record on Monday, July 7th were paid a dividend of $0.115 per share. The ex-dividend date was Monday, July 7th. This represents a $0.46 dividend on an annualized basis and a yield of 0.4%. Micron Technology’s dividend payout ratio (DPR) is presently 8.29%.

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.