Micron Technology (NASDAQ:MU) Trading Down 3.2% – Time to Sell?

Micron Technology, Inc. (NASDAQ:MU) traded down 3.2% on Thursday . The company traded as low as $223.33 and last traded at $226.65. 23,333,646 shares traded hands during trading, a decline of 1% from the average session volume of 23,616,309 shares. The stock had previously closed at $234.16.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Rosenblatt Securities lifted their price target on shares of Micron Technology from $250.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, November 17th. Itau BBA Securities assumed coverage on shares of Micron Technology in a report on Tuesday, October 7th. They set an “outperform” rating and a $249.00 price objective for the company. Wolfe Research upped their target price on shares of Micron Technology from $200.00 to $300.00 and gave the company an “outperform” rating in a research note on Tuesday. Stifel Nicolaus increased their price target on shares of Micron Technology from $173.00 to $195.00 and gave the stock a “buy” rating in a research report on Monday, September 22nd. Finally, Wedbush lifted 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. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $221.46.

Micron Technology Price Performance

The company has a market capitalization of $254.78 billion, a PE ratio of 29.86, a P/E/G ratio of 0.50 and a beta of 1.54. The firm has a fifty day simple moving average of $212.55 and a 200 day simple moving average of $152.59. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52.

Micron Technology (NASDAQ:MU) last issued its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $0.17. The company had revenue of $11.32 billion for the quarter, compared to analysts’ expectations of $11.05 billion. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The firm’s quarterly revenue was up 46.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Equities analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd were given a dividend of $0.115 per share. This represents a $0.46 annualized dividend 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 presently 6.06%.

Insider Activity

In other Micron Technology news, CEO Sanjay Mehrotra sold 3,743 shares of Micron Technology stock in a transaction on Friday, November 7th. The shares were sold at an average price of $233.39, for a total value of $873,578.77. Following the transaction, the chief executive officer directly owned 396,578 shares of the company’s stock, valued at approximately $92,557,339.42. The trade was a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Scott J. Deboer sold 82,000 shares of the stock in a transaction on Monday, October 27th. The shares were sold at an average price of $222.81, for a total value of $18,270,420.00. Following the sale, the executive vice president owned 154,145 shares of the company’s stock, valued at approximately $34,345,047.45. This represents a 34.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 407,352 shares of company stock worth $85,029,962. 0.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Orleans Capital Management Corp LA purchased a new stake in shares of Micron Technology during the 2nd quarter valued at approximately $256,000. Wealthspire Advisors LLC raised its holdings in Micron Technology by 27.8% in the 2nd quarter. Wealthspire Advisors LLC now owns 14,754 shares of the semiconductor manufacturer’s stock valued at $1,818,000 after buying an additional 3,208 shares during the period. KLP Kapitalforvaltning AS boosted its stake in Micron Technology by 6.2% during the second quarter. KLP Kapitalforvaltning AS now owns 403,105 shares of the semiconductor manufacturer’s stock worth $49,683,000 after buying an additional 23,600 shares during the period. WealthBridge Capital Management LLC purchased a new stake in shares of Micron Technology in the 2nd quarter valued at approximately $210,000. Finally, Achmea Investment Management B.V. acquired a new position in shares of Micron Technology in the 2nd quarter worth approximately $3,759,000. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

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.