Micron Technology (NASDAQ:MU) Lowered to “Buy” Rating by Wall Street Zen

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

A number of other analysts also recently commented on MU. KeyCorp boosted their price objective on shares of Micron Technology from $160.00 to $215.00 and gave the stock an “overweight” rating in a report on Wednesday, September 24th. Wedbush boosted their price target on Micron Technology from $200.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 24th. New Street Research reaffirmed a “neutral” rating on shares of Micron Technology in a research note on Tuesday, October 14th. BNP Paribas Exane raised Micron Technology from an “underperform” rating to an “outperform” rating and set a $270.00 price objective for the company in a report on Monday, October 13th. 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 report on Thursday, October 16th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Micron Technology currently has an average rating of “Buy” and a consensus target price of $209.39.

Micron Technology Price Performance

MU stock traded up $9.88 on Friday, reaching $246.83. 36,084,592 shares of the company’s stock were exchanged, compared to its average volume of 23,449,125. The stock has a fifty day moving average of $193.55 and a 200-day moving average of $139.74. Micron Technology has a twelve month low of $61.54 and a twelve month high of $257.07. The firm has a market cap of $277.06 billion, a PE ratio of 32.52, a P/E/G ratio of 0.51 and a beta of 1.62. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26.

Micron Technology (NASDAQ:MU) last released its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $11.05 billion. During the same quarter last year, the company earned $1.18 earnings per share. Micron Technology’s quarterly revenue 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. As a group, equities analysts predict that Micron Technology will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

The business also recently disclosed 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. This represents a $0.46 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Friday, October 3rd. Micron Technology’s dividend payout ratio (DPR) is currently 6.06%.

Insider Activity

In other Micron Technology news, CEO Sanjay Mehrotra sold 22,500 shares of the firm’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $220.72, for a total transaction of $4,966,200.00. Following the sale, the chief executive officer directly owned 446,578 shares of the company’s stock, valued at $98,568,696.16. This trade represents a 4.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Mark J. Murphy sold 126,000 shares of Micron Technology 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 owned 219,693 shares of the company’s stock, valued at approximately $49,499,029.83. This trade represents a 36.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 409,756 shares of company stock worth $85,308,033. Company insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Micron Technology

Hedge funds and other institutional investors have recently modified their holdings of the company. REAP Financial Group LLC acquired a new position in Micron Technology during the third quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Micron Technology during the 3rd quarter valued at $27,000. Cullen Frost Bankers Inc. boosted its position in Micron Technology by 79.3% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 199 shares of the semiconductor manufacturer’s stock worth $33,000 after purchasing an additional 88 shares during the period. First Command Advisory Services Inc. boosted its position in Micron Technology by 225.0% during the 2nd quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 153 shares during the period. Finally, Osterweis Capital Management Inc. increased its holdings in Micron Technology by 205.5% in the 3rd quarter. Osterweis Capital Management Inc. now owns 223 shares of the semiconductor manufacturer’s stock valued at $37,000 after purchasing an additional 150 shares in the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

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.