Micron Technology (NASDAQ:MU) Price Target Raised to $300.00

Micron Technology (NASDAQ:MU) had its price objective raised by Wolfe Research from $200.00 to $300.00 in a research report report published on Tuesday morning, MarketBeat Ratings reports. The brokerage currently has an outperform rating on the semiconductor manufacturer’s stock.

Other equities research analysts have also recently issued reports about the stock. The Goldman Sachs Group increased their target price on shares of Micron Technology from $145.00 to $180.00 and gave the company a “neutral” rating in a research report on Thursday, October 9th. Zacks Research raised shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 19th. Citigroup increased their price objective on shares of Micron Technology from $240.00 to $275.00 and gave the company a “buy” rating in a report on Monday, October 27th. KeyCorp boosted their target price on Micron Technology from $160.00 to $215.00 and gave the stock an “overweight” rating in a report on Wednesday, September 24th. Finally, Rosenblatt Securities upped their price target on Micron Technology from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, November 17th. Five analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $221.46.

Micron Technology Stock Performance

NASDAQ MU opened at $226.65 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79. The stock’s 50 day simple moving average is $213.95 and its 200-day simple moving average is $153.10. The company has a market cap of $254.78 billion, a PE ratio of 29.86, a price-to-earnings-growth ratio of 0.49 and a beta of 1.54. Micron Technology has a 1-year low of $61.54 and a 1-year high of $260.58.

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

Micron Technology Dividend Announcement

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

Insider Activity at Micron Technology

In related news, EVP Scott J. Deboer sold 82,000 shares of Micron Technology stock in a transaction on Monday, October 27th. The stock was sold at an average price of $222.81, for a total transaction of $18,270,420.00. Following the completion of the transaction, the executive vice president directly owned 154,145 shares of the company’s stock, valued at approximately $34,345,047.45. The trade was a 34.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP April S. Arnzen sold 15,000 shares of the business’s stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $164.04, for a total transaction of $2,460,600.00. Following the completion of the sale, the executive vice president owned 131,580 shares in the company, valued at $21,584,383.20. This represents a 10.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 399,852 shares of company stock valued at $84,048,737. 0.30% of the stock is owned by corporate insiders.

Institutional Trading of Micron Technology

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Brighton Jones LLC boosted its stake in shares of Micron Technology by 18.3% during the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock worth $532,000 after purchasing an additional 976 shares during the last quarter. IFG Advisory LLC increased its stake in Micron Technology by 13.3% in the first quarter. IFG Advisory LLC now owns 4,551 shares of the semiconductor manufacturer’s stock valued at $395,000 after purchasing an additional 536 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in Micron Technology by 20.7% during the first quarter. Commonwealth Equity Services LLC now owns 382,240 shares of the semiconductor manufacturer’s stock worth $33,213,000 after buying an additional 65,635 shares during the period. Probity Advisors Inc. purchased a new stake in Micron Technology in the 1st quarter valued at about $234,000. Finally, Sfmg LLC acquired a new stake in shares of Micron Technology in the first quarter worth approximately $252,000. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

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.