Micron Technology (NASDAQ:MU) Cut to Buy at Wall Street Zen

Wall Street Zen lowered shares of Micron Technology (NASDAQ:MU) from a strong-buy rating to a buy rating in a research report released on Saturday.

Other research analysts have also issued research reports about the stock. KeyCorp upped their price objective on shares of Micron Technology from $160.00 to $215.00 and gave the company an “overweight” rating in a research report on Wednesday, September 24th. TD Cowen upped their price target on Micron Technology from $150.00 to $180.00 and gave the company a “buy” rating in a report on Friday, September 19th. Needham & Company LLC lifted their price objective on Micron Technology from $150.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Cantor Fitzgerald boosted their price objective on Micron Technology from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, September 24th. Finally, Citigroup raised their target price on Micron Technology from $240.00 to $275.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. Five equities research 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’s stock. Based on data from MarketBeat.com, Micron Technology presently has a consensus rating of “Buy” and an average price target of $211.18.

Micron Technology Stock Performance

MU opened at $241.95 on Friday. 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 stock’s 50 day moving average price is $195.76 and its two-hundred day moving average price is $141.34. The firm has a market capitalization of $271.58 billion, a P/E ratio of 31.88, a price-to-earnings-growth ratio of 0.51 and a beta of 1.62. Micron Technology has a 12-month low of $61.54 and a 12-month high of $260.58.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share for the quarter, beating 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 company had revenue of $11.32 billion during the quarter, compared to analysts’ expectations of $11.05 billion. During the same period in the prior year, the business earned $1.18 earnings per share. Micron Technology’s revenue for the quarter was up 46.1% compared to the same quarter last year. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. On average, equities analysts forecast that Micron Technology will post 6.08 earnings per share for the current year.

Micron Technology Announces Dividend

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

Insider Activity

In related news, EVP Scott J. Deboer sold 82,000 shares of Micron Technology stock in a transaction dated Monday, October 27th. The shares were 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 $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 available at this hyperlink. 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 transaction of $28,389,060.00. Following the sale, the chief financial officer directly owned 219,693 shares in the company, valued at $49,499,029.83. This represents 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 worth $85,308,033 in the last quarter. 0.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Micron Technology

Several institutional investors have recently bought and sold shares of the business. American Capital Advisory LLC raised its holdings in shares of Micron Technology by 20.4% in the third quarter. American Capital Advisory LLC now owns 272 shares of the semiconductor manufacturer’s stock valued at $46,000 after buying an additional 46 shares during the last quarter. Winthrop Capital Management LLC grew its holdings in Micron Technology by 4.0% during the 3rd quarter. Winthrop Capital Management LLC now owns 1,234 shares of the semiconductor manufacturer’s stock worth $206,000 after acquiring an additional 47 shares during the last quarter. Main Street Research LLC increased its position in Micron Technology by 0.8% in the 3rd quarter. Main Street Research LLC now owns 5,976 shares of the semiconductor manufacturer’s stock valued at $1,000,000 after acquiring an additional 47 shares in the last quarter. Vivaldi Capital Management LP raised its stake in shares of Micron Technology by 2.6% in the third quarter. Vivaldi Capital Management LP now owns 1,940 shares of the semiconductor manufacturer’s stock worth $325,000 after acquiring an additional 49 shares during the last quarter. Finally, Teamwork Financial Advisors LLC raised its stake in shares of Micron Technology by 0.4% in the third quarter. Teamwork Financial Advisors LLC now owns 14,974 shares of the semiconductor manufacturer’s stock worth $2,505,000 after acquiring an additional 53 shares during 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.