Micron Technology (NASDAQ:MU) Trading Up 4.9% – Still a Buy?

Micron Technology, Inc. (NASDAQ:MU) shares were up 4.9% during mid-day trading on Monday . The stock traded as high as $237.62 and last traded at $234.70. Approximately 21,084,213 shares were traded during mid-day trading, a decline of 9% from the average daily volume of 23,252,852 shares. The stock had previously closed at $223.77.

Analyst Ratings Changes

Several analysts recently issued reports on MU shares. Erste Group Bank assumed coverage on Micron Technology in a research note on Thursday, August 14th. They issued a “buy” rating for the company. Needham & Company LLC upped their target price on Micron Technology from $150.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Itau BBA Securities assumed coverage on Micron Technology in a research report on Tuesday, October 7th. They set an “outperform” rating and a $249.00 target price for the company. Bank of America upped their target price on Micron Technology from $140.00 to $180.00 and gave the company a “neutral” rating in a research report on Wednesday, September 24th. Finally, UBS Group upped their target price on Micron Technology from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. Five analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $202.79.

Micron Technology Price Performance

The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52. The company has a market cap of $263.44 billion, a price-to-earnings ratio of 30.92, a PEG ratio of 0.51 and a beta of 1.56. The business has a fifty day moving average price of $169.83 and a 200 day moving average price of $128.54.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 EPS for the quarter, hitting analysts’ consensus estimates of $2.86. 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 quarter in the previous year, the firm earned $1.18 EPS. Micron Technology’s revenue 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, research analysts anticipate that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Friday, October 3rd were issued 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 payout ratio is 6.06%.

Insider Transactions at Micron Technology

In other Micron Technology news, EVP Scott J. Deboer sold 82,000 shares of the company’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 completion of the transaction, the executive vice president owned 154,145 shares of the company’s stock, valued at $34,345,047.45. This represents a 34.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sanjay Mehrotra sold 22,500 shares of the company’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $220.72, for a total value of $4,966,200.00. Following the completion of the transaction, the chief executive officer directly owned 446,578 shares of the company’s stock, valued at approximately $98,568,696.16. The trade was a 4.80% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 271,256 shares of company stock valued at $53,931,979. Corporate insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Micron Technology

A number of institutional investors and hedge funds have recently bought and sold shares of MU. Kera Capital Partners Inc. bought a new stake in shares of Micron Technology during the 2nd quarter valued at about $211,000. Tcfg Wealth Management LLC bought a new stake in shares of Micron Technology during the 2nd quarter valued at about $208,000. Krilogy Financial LLC boosted its position in shares of Micron Technology by 21.5% during the 2nd quarter. Krilogy Financial LLC now owns 27,190 shares of the semiconductor manufacturer’s stock valued at $3,351,000 after purchasing an additional 4,812 shares in the last quarter. Quintet Private Bank Europe S.A. boosted its position in shares of Micron Technology by 12.1% during the 2nd quarter. Quintet Private Bank Europe S.A. now owns 17,325 shares of the semiconductor manufacturer’s stock valued at $2,135,000 after purchasing an additional 1,875 shares in the last quarter. Finally, Kercheville Advisors LLC boosted its position in shares of Micron Technology by 52.1% during the 2nd quarter. Kercheville Advisors LLC now owns 17,301 shares of the semiconductor manufacturer’s stock valued at $2,132,000 after purchasing an additional 5,926 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.