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

Micron Technology (NASDAQ:MU) had its price target hoisted by Wedbush from $220.00 to $300.00 in a research note released on Monday,Benzinga reports. The brokerage currently has an outperform rating on the semiconductor manufacturer’s stock.

A number of other analysts have also commented on MU. Needham & Company LLC upped their price objective on shares of Micron Technology from $150.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. Cantor Fitzgerald upped their price target on shares of Micron Technology from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, September 24th. Wall Street Zen raised shares of Micron Technology from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 23rd. Susquehanna boosted their target price on shares of Micron Technology from $200.00 to $300.00 and gave the company a “positive” rating in a research note on Monday, December 8th. Finally, Raymond James Financial increased their target price on Micron Technology from $150.00 to $190.00 and gave the company an “outperform” rating in a report on Wednesday, September 24th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $247.18.

Micron Technology Stock Performance

MU opened at $225.52 on Monday. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26. The firm has a market cap of $253.51 billion, a PE ratio of 29.71, a P/E/G ratio of 0.34 and a beta of 1.54. The business has a fifty day simple moving average of $225.54 and a 200-day simple moving average of $162.83. Micron Technology has a fifty-two week low of $61.54 and a fifty-two week high of $264.75.

Micron Technology (NASDAQ:MU) last announced its earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.77 by $1.01. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The company had revenue of $13.64 billion for the quarter, compared to analyst estimates of $12.62 billion. During the same period in the previous year, the firm earned $1.79 earnings per share. Micron Technology’s revenue for the quarter was up 56.7% compared to the same quarter last year. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. As a group, equities analysts predict that Micron Technology will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

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

Insider Activity at Micron Technology

In other Micron Technology news, EVP Scott J. Deboer sold 82,000 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president owned 154,145 shares in the company, valued at $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 is available through the SEC website. Also, CFO Mark J. Murphy sold 126,000 shares of the company’s stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $225.31, for a total value of $28,389,060.00. Following the completion of the transaction, the chief financial officer directly owned 219,693 shares in the company, valued at approximately $49,499,029.83. The trade was a 36.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 383,650 shares of company stock valued at $81,602,339. 0.24% of the stock is owned by insiders.

Institutional Investors Weigh In On Micron Technology

Several institutional investors have recently made changes to their positions in MU. REAP Financial Group LLC bought a new position in Micron Technology during the third quarter valued at approximately $25,000. First Command Advisory Services Inc. grew its position in Micron Technology by 225.0% in the second quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 153 shares in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Micron Technology during the 3rd quarter worth $27,000. Howard Hughes Medical Institute bought a new position in shares of Micron Technology during the 2nd quarter valued at $30,000. Finally, AlphaQuest LLC raised its holdings in shares of Micron Technology by 13,250.0% during the 2nd quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock valued at $33,000 after purchasing an additional 265 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

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.