Micron Technology (NASDAQ:MU) Stock Price Up 1.6% – Time to Buy?

Shares of Micron Technology, Inc. (NASDAQ:MU) shot up 1.6% on Wednesday . The company traded as high as $249.19 and last traded at $244.90. 17,032,903 shares traded hands during trading, a decline of 27% from the average session volume of 23,336,176 shares. The stock had previously closed at $241.11.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Wedbush increased their target price on Micron Technology from $200.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. Mizuho lifted their target price on shares of Micron Technology from $240.00 to $265.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 28th. CLSA initiated coverage on shares of Micron Technology in a research note on Wednesday, August 27th. They set an “outperform” rating and a $155.00 price target for the company. Stifel Nicolaus boosted their price objective on shares of Micron Technology from $173.00 to $195.00 and gave the stock a “buy” rating in a research note on Monday, September 22nd. Finally, Raymond James Financial raised their target price on Micron Technology from $150.00 to $190.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 24th. Five analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Micron Technology presently has a consensus rating of “Buy” and an average price target of $205.64.

Micron Technology Stock Performance

The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79. The stock has a fifty day simple moving average of $186.46 and a two-hundred day simple moving average of $136.69. The firm has a market capitalization of $274.89 billion, a P/E ratio of 32.27, a P/E/G ratio of 0.51 and a beta of 1.62.

Micron Technology (NASDAQ:MU) last released its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share for the quarter, meeting the consensus estimate of $2.86. The company had revenue of $11.32 billion during the quarter, compared to analyst estimates of $11.05 billion. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. Micron Technology’s revenue for the quarter was up 46.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. On average, research analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

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

Insider Transactions at Micron Technology

In related news, CFO Mark J. Murphy sold 126,000 shares of the business’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 sale, the chief financial officer directly owned 219,693 shares of the company’s stock, valued at $49,499,029.83. The trade was a 36.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Scott J. Deboer sold 82,000 shares of the company’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 transaction, the executive vice president directly owned 154,145 shares in the company, valued at approximately $34,345,047.45. This trade represents a 34.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 409,756 shares of company stock valued at $85,308,033. 0.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Micron Technology

Hedge funds have recently bought and sold shares of the business. Brighton Jones LLC boosted its stake in Micron Technology by 18.3% during the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock valued at $532,000 after purchasing an additional 976 shares during the last quarter. Cutter & CO Brokerage Inc. purchased a new stake in Micron Technology in the 1st quarter valued at about $237,000. Edgestream Partners L.P. lifted its holdings in Micron Technology by 84.0% during the first quarter. Edgestream Partners L.P. now owns 8,630 shares of the semiconductor manufacturer’s stock worth $750,000 after acquiring an additional 3,940 shares during the period. Signaturefd LLC boosted its position in Micron Technology by 4.0% in the first quarter. Signaturefd LLC now owns 23,248 shares of the semiconductor manufacturer’s stock worth $2,020,000 after purchasing an additional 891 shares during the last quarter. Finally, Catalyst Financial Partners LLC raised its stake in shares of Micron Technology by 2.9% during the 1st quarter. Catalyst Financial Partners LLC now owns 5,485 shares of the semiconductor manufacturer’s stock worth $477,000 after purchasing an additional 157 shares during the period. 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.