Micron Technology (NASDAQ:MU) Trading Up 4.2% Following Analyst Upgrade

Micron Technology, Inc. (NASDAQ:MU) shares traded up 4.2% during mid-day trading on Friday after Morgan Stanley raised their price target on the stock from $220.00 to $325.00. Morgan Stanley currently has an overweight rating on the stock. Micron Technology traded as high as $255.17 and last traded at $246.83. 36,018,535 shares changed hands during trading, an increase of 54% from the average session volume of 23,448,646 shares. The stock had previously closed at $236.95.

Several other equities research analysts have also recently weighed in on MU. KeyCorp upped their price target on Micron Technology from $160.00 to $215.00 and gave the company an “overweight” rating in a research report on Wednesday, September 24th. Raymond James Financial upped their target price on shares of Micron Technology from $150.00 to $190.00 and gave the stock an “outperform” rating in a report on Wednesday, September 24th. Susquehanna raised their price target on shares of Micron Technology from $160.00 to $200.00 and gave the company a “positive” rating in a report on Wednesday, September 17th. TD Cowen boosted their price target on shares of Micron Technology from $150.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Finally, Needham & Company LLC increased their price objective on Micron Technology from $150.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Five research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $209.39.

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 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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark J. Murphy sold 126,000 shares of Micron Technology stock in a transaction that occurred on 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 transaction, the chief financial officer directly owned 219,693 shares in the company, valued at $49,499,029.83. This trade represents a 36.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 409,756 shares of company stock worth $85,308,033. 0.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Micron Technology

A number of large investors have recently added to or reduced their stakes in MU. California State Teachers Retirement System grew its holdings in Micron Technology by 0.7% in the 3rd quarter. California State Teachers Retirement System now owns 1,760,022 shares of the semiconductor manufacturer’s stock worth $294,487,000 after acquiring an additional 11,818 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Micron Technology by 17.6% during the third quarter. Daiwa Securities Group Inc. now owns 348,289 shares of the semiconductor manufacturer’s stock worth $58,276,000 after purchasing an additional 52,044 shares during the period. Osterweis Capital Management Inc. grew its stake in shares of Micron Technology by 205.5% in the third quarter. Osterweis Capital Management Inc. now owns 223 shares of the semiconductor manufacturer’s stock worth $37,000 after purchasing an additional 150 shares during the last quarter. One Capital Management LLC purchased a new position in shares of Micron Technology during the third quarter valued at approximately $231,000. Finally, Horizon Investments LLC raised its holdings in Micron Technology by 36.2% in the 3rd quarter. Horizon Investments LLC now owns 167,407 shares of the semiconductor manufacturer’s stock worth $27,994,000 after purchasing an additional 44,510 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Micron Technology Price Performance

The company has a current ratio of 2.52, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. The business’s 50 day moving average price is $191.24 and its two-hundred day moving average price is $138.13. The stock has a market cap of $277.06 billion, a P/E ratio of 32.52, a price-to-earnings-growth ratio of 0.51 and a beta of 1.62.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.86 by $0.17. 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%. Micron Technology’s revenue was up 46.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, sell-side analysts expect that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

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

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.