Micron Technology (NASDAQ:MU) Shares Up 1.6% – Still a Buy?

Shares of Micron Technology, Inc. (NASDAQ:MU) were up 1.6% on Wednesday . The stock traded as high as $249.19 and last traded at $244.90. Approximately 17,032,903 shares traded hands during mid-day trading, a decline of 27% from the average daily volume of 23,336,176 shares. The stock had previously closed at $241.11.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on MU shares. Zacks Research raised Micron Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 19th. JPMorgan Chase & Co. boosted their target price on shares of Micron Technology from $185.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 24th. Barclays increased their price target on shares of Micron Technology from $195.00 to $240.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. New Street Research reaffirmed a “neutral” rating on shares of Micron Technology in a research note on Tuesday, October 14th. Finally, Morgan Stanley upgraded shares of Micron Technology from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $160.00 to $220.00 in a report on Monday, October 6th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $205.64.

Micron Technology Stock Up 1.6%

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 stock has a market cap of $274.89 billion, a P/E ratio of 32.27, a PEG ratio of 0.51 and a beta of 1.62. The firm has a 50-day simple moving average of $186.46 and a two-hundred day simple moving average of $136.69.

Micron Technology (NASDAQ:MU) last announced its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.86. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The company had revenue of $11.32 billion during the quarter, compared to analysts’ expectations of $11.05 billion. During the same quarter 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. Equities research analysts expect that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

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

Insider Buying and Selling at Micron Technology

In other Micron Technology news, CEO Sanjay Mehrotra sold 22,500 shares of the firm’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $220.72, for a total transaction of $4,966,200.00. Following the transaction, the chief executive officer owned 446,578 shares in the company, valued at $98,568,696.16. This trade represents a 4.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mark J. Murphy sold 126,000 shares of the company’s stock in a transaction 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 sale, the chief financial officer 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 409,756 shares of company stock valued at $85,308,033 over the last ninety days. Company insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Micron Technology

Several hedge funds and other institutional investors have recently modified their holdings of MU. REAP Financial Group LLC bought a new position in Micron Technology in the third quarter valued at about $25,000. First Command Advisory Services Inc. grew its holdings in shares of Micron Technology by 225.0% during the 2nd quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 153 shares during the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new position in Micron Technology during the 3rd quarter worth approximately $27,000. Howard Hughes Medical Institute bought a new position in Micron Technology in the 2nd quarter valued at approximately $30,000. Finally, AlphaQuest LLC boosted its position in Micron Technology by 13,250.0% in the second quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock valued at $33,000 after buying an additional 265 shares in the last quarter. 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.