Micron Technology (NASDAQ:MU) Price Target Raised to $240.00 at Mizuho

Micron Technology (NASDAQ:MU) had its price target lifted by Mizuho from $195.00 to $240.00 in a research note published on Friday morning,Benzinga reports. Mizuho currently has an outperform rating on the semiconductor manufacturer’s stock.

MU has been the subject of several other research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Micron Technology in a research report on Tuesday. Stifel Nicolaus lifted their price target on shares of Micron Technology from $173.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, September 22nd. Raymond James Financial lifted their price target on shares of Micron Technology from $150.00 to $190.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. Cantor Fitzgerald lifted 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. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Micron Technology from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Five research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Micron Technology presently has an average rating of “Buy” and an average target price of $198.32.

Micron Technology Stock Performance

Shares of MU stock opened at $202.38 on Friday. The company has a market cap of $227.17 billion, a price-to-earnings ratio of 26.66, a price-to-earnings-growth ratio of 0.45 and a beta of 1.56. Micron Technology has a 52 week low of $61.54 and a 52 week high of $206.34. 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 50 day moving average of $151.20 and a 200-day moving average of $117.50.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 EPS for the quarter, hitting the consensus estimate of $2.86. The company 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 company’s quarterly revenue was up 46.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.18 EPS. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd will be issued a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Friday, October 3rd. Micron Technology’s payout ratio is currently 6.06%.

Insider Activity at Micron Technology

In related news, Director Richard M. Beyer sold 5,552 shares of the business’s stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $155.68, for a total value of $864,335.36. Following the transaction, the director directly owned 96,031 shares of the company’s stock, valued at approximately $14,950,106.08. The trade was a 5.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP April S. Arnzen sold 15,000 shares of the stock in a transaction dated 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 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 position. The disclosure for this sale can be found here. Insiders sold a total of 146,956 shares of company stock valued at $22,841,025 over the last quarter. Corporate insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Micron Technology

Several institutional investors have recently added to or reduced their stakes in MU. First Command Advisory Services Inc. grew its position 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 during the period. Howard Hughes Medical Institute bought a new position in Micron Technology during the second quarter valued at about $30,000. AlphaQuest LLC raised its stake in Micron Technology by 13,250.0% in the 2nd quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock valued at $33,000 after acquiring an additional 265 shares during the period. WealthCollab LLC raised its stake in Micron Technology by 4,500.0% in the 2nd quarter. WealthCollab LLC now owns 276 shares of the semiconductor manufacturer’s stock valued at $34,000 after acquiring an additional 270 shares during the period. Finally, AllSquare Wealth Management LLC raised its stake in Micron Technology by 100.0% in the 1st quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer’s stock valued at $35,000 after acquiring an additional 200 shares during the period. 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.