Micron Technology (NASDAQ:MU) Stock Price Up 3% After Analyst Upgrade

Micron Technology, Inc. (NASDAQ:MU)’s share price traded up 3% during mid-day trading on Friday after UBS Group raised their price target on the stock from $245.00 to $275.00. UBS Group currently has a buy rating on the stock. Micron Technology traded as high as $212.00 and last traded at $207.37. 36,003,670 shares were traded during trading, an increase of 52% from the average session volume of 23,742,006 shares. The stock had previously closed at $201.37.

Several other analysts have also weighed in on MU. CLSA started coverage on shares of Micron Technology in a report on Wednesday, August 27th. They set an “outperform” rating and a $155.00 price objective for the company. Itau BBA Securities started coverage on Micron Technology in a research report on Tuesday, October 7th. They set an “outperform” rating and a $249.00 price target on the stock. Erste Group Bank started coverage on Micron Technology in a report on Thursday, August 14th. They set a “buy” rating for the company. Stifel Nicolaus boosted their price objective on Micron Technology from $173.00 to $195.00 and gave the stock a “buy” rating in a research note on Monday, September 22nd. Finally, New Street Research restated a “neutral” rating on shares of Micron Technology in a report on Tuesday, October 14th. Five research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Micron Technology has a consensus rating of “Buy” and an average price target of $215.64.

Insider Buying and Selling at Micron Technology

In related news, EVP Scott J. Deboer sold 82,000 shares of the stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $222.81, for a total value of $18,270,420.00. Following the transaction, the executive vice president directly owned 154,145 shares in the company, valued at $34,345,047.45. This represents a 34.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP April S. Arnzen sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $164.04, for a total transaction of $2,460,600.00. Following the completion of the transaction, the executive vice president directly owned 131,580 shares in the company, valued at approximately $21,584,383.20. The trade was a 10.23% 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 worth $85,308,033 over the last quarter. Company insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Micron Technology by 0.7% in the third quarter. Vanguard Group Inc. now owns 104,653,450 shares of the semiconductor manufacturer’s stock valued at $17,510,615,000 after purchasing an additional 773,788 shares during the last quarter. State Street Corp grew its position in shares of Micron Technology by 0.6% during the 3rd quarter. State Street Corp now owns 51,659,173 shares of the semiconductor manufacturer’s stock worth $8,643,613,000 after buying an additional 285,582 shares during the period. Geode Capital Management LLC increased its stake in shares of Micron Technology by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 25,690,491 shares of the semiconductor manufacturer’s stock valued at $3,152,974,000 after acquiring an additional 314,489 shares during the last quarter. Capital International Investors raised its position in shares of Micron Technology by 0.7% in the 3rd quarter. Capital International Investors now owns 23,372,821 shares of the semiconductor manufacturer’s stock valued at $3,910,198,000 after acquiring an additional 155,860 shares during the period. Finally, Norges Bank acquired a new stake in shares of Micron Technology in the 2nd quarter valued at approximately $1,980,700,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Micron Technology Stock Up 3.0%

The firm has a market cap of $233.11 billion, a P/E ratio of 27.32, a price-to-earnings-growth ratio of 0.51 and a beta of 1.62. The firm’s 50 day moving average is $200.36 and its two-hundred day moving average is $143.37. The company has a current ratio of 2.52, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26.

Micron Technology (NASDAQ:MU) last issued its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 EPS for the quarter, beating the consensus estimate of $2.86 by $0.17. The firm had revenue of $11.32 billion during the quarter, compared to the consensus estimate of $11.05 billion. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The business’s quarterly revenue was up 46.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, research analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

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

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.