Micron Technology (NASDAQ:MU) Trading Down 2% – Here’s What Happened

Micron Technology, Inc. (NASDAQ:MU)’s share price dropped 2% during mid-day trading on Thursday . The company traded as low as $251.55 and last traded at $258.46. Approximately 17,162,932 shares traded hands during mid-day trading, a decline of 27% from the average daily volume of 23,523,969 shares. The stock had previously closed at $263.71.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. TD Cowen increased their price objective on shares of Micron Technology from $200.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, November 19th. Cantor Fitzgerald increased their target price on Micron Technology from $185.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft lifted their price target on Micron Technology from $200.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday. Bank of America increased their price objective on Micron Technology from $140.00 to $180.00 and gave the company a “neutral” rating in a report on Wednesday, September 24th. Finally, Rosenblatt Securities raised their target price on Micron Technology from $250.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, November 17th. Five research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $236.59.

Micron Technology Trading Down 6.7%

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 company has a market cap of $271.07 billion, a price-to-earnings ratio of 31.77, a price-to-earnings-growth ratio of 0.44 and a beta of 1.54. The firm has a 50-day moving average price of $223.10 and a 200 day moving average price of $159.53.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $0.17. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The firm had revenue of $11.32 billion for the quarter, compared to analysts’ expectations of $11.05 billion. During the same period last year, the business posted $1.18 earnings per share. The firm’s revenue for the quarter 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, sell-side analysts forecast that Micron Technology, Inc. will post 6.08 EPS for the current 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. The ex-dividend date was Friday, October 3rd. This represents a $0.46 annualized dividend and a yield of 0.2%. Micron Technology’s dividend payout ratio is 6.06%.

Insider Buying and Selling at Micron Technology

In related news, EVP Scott J. Deboer sold 82,000 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $222.81, for a total value of $18,270,420.00. Following the sale, the executive vice president owned 154,145 shares of the company’s stock, valued at approximately $34,345,047.45. This trade represents a 34.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP April S. Arnzen sold 15,000 shares of the company’s stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $164.04, for a total value of $2,460,600.00. Following the transaction, the executive vice president owned 131,580 shares of the company’s stock, valued at approximately $21,584,383.20. The trade was a 10.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 392,352 shares of company stock worth $82,994,387. Insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Micron Technology

Several institutional investors have recently bought and sold shares of MU. REAP Financial Group LLC acquired a new stake in Micron Technology in the third quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Micron Technology in the 3rd quarter worth $27,000. Cullen Frost Bankers Inc. lifted its holdings in shares of Micron Technology by 79.3% in the third quarter. Cullen Frost Bankers Inc. now owns 199 shares of the semiconductor manufacturer’s stock valued at $33,000 after buying an additional 88 shares during the period. First Command Advisory Services Inc. boosted its stake in Micron Technology by 225.0% during the second quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock valued at $27,000 after buying an additional 153 shares in the last quarter. Finally, Osterweis Capital Management Inc. boosted its stake in Micron Technology by 205.5% during the third quarter. Osterweis Capital Management Inc. now owns 223 shares of the semiconductor manufacturer’s stock valued at $37,000 after buying an additional 150 shares in the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.

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.