Micron Technology (NASDAQ:MU) Shares Down 1.1% – Should You Sell?

Micron Technology, Inc. (NASDAQ:MU)’s stock price fell 1.1% on Wednesday . The company traded as low as $216.36 and last traded at $225.92. 33,592,555 shares were traded during mid-day trading, an increase of 43% from the average session volume of 23,572,117 shares. The stock had previously closed at $228.50.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Susquehanna increased their price objective 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. Citigroup increased their price target on Micron Technology from $240.00 to $275.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Morgan Stanley lifted their price target on Micron Technology from $220.00 to $325.00 and gave the company an “overweight” rating in a research report on Thursday, November 13th. Wolfe Research upped their price objective on Micron Technology from $160.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday, September 17th. Finally, BNP Paribas Exane raised Micron Technology from an “underperform” rating to an “outperform” rating and set a $270.00 target price for the company in a research note on Monday, October 13th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $214.57.

Micron Technology Trading Down 1.1%

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 stock has a market cap of $253.59 billion, a price-to-earnings ratio of 29.77, a P/E/G ratio of 0.51 and a beta of 1.62. The company has a fifty day simple moving average of $197.63 and a 200-day simple moving average of $142.38.

Micron Technology (NASDAQ:MU) last released its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.86 by $0.17. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The business had revenue of $11.32 billion for the quarter, compared to the consensus estimate of $11.05 billion. During the same period last year, the firm posted $1.18 earnings per share. The firm’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. On average, research analysts forecast that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

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

Insiders Place Their Bets

In related news, EVP Scott J. Deboer sold 82,000 shares of the 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 sale, the executive vice president directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Scott R. Allen sold 8,800 shares of the firm’s stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $210.02, for a total value of $1,848,176.00. Following the sale, the chief accounting officer owned 40,237 shares of the company’s stock, valued at $8,450,574.74. The trade was a 17.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 409,756 shares of company stock worth $85,308,033 over the last three months. Company insiders own 0.30% of the company’s stock.

Institutional Trading of Micron Technology

Hedge funds have recently made changes to their positions in the stock. REAP Financial Group LLC purchased a new stake in Micron Technology in the 3rd quarter worth approximately $25,000. First Command Advisory Services Inc. increased its stake in shares of Micron Technology by 225.0% in the second quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 153 shares during the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Micron Technology during the third quarter worth $27,000. Howard Hughes Medical Institute purchased a new stake in shares of Micron Technology during the second quarter worth $30,000. Finally, AlphaQuest LLC grew its stake in Micron Technology by 13,250.0% in the second quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock valued at $33,000 after purchasing an additional 265 shares in the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

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.