Micron Technology (NASDAQ:MU) Hits New 12-Month High – Time to Buy?

Micron Technology, Inc. (NASDAQ:MU) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $215.28 and last traded at $216.75, with a volume of 7762225 shares traded. The stock had previously closed at $206.71.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on MU shares. Zacks Research upgraded Micron Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 19th. Arete Research upgraded shares of Micron Technology to a “strong-buy” rating in a report on Friday, July 18th. Citigroup increased their price objective on shares of Micron Technology from $200.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. CLSA began coverage on shares of Micron Technology in a research note on Wednesday, August 27th. They issued an “outperform” rating and a $155.00 price objective for the company. Finally, KGI Securities upgraded Micron Technology from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 24th. Five research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Micron Technology has a consensus rating of “Buy” and a consensus target price of $200.64.

Micron Technology Trading Up 6.0%

The company’s 50 day simple moving average is $159.43 and its two-hundred day simple moving average is $122.53. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $245.84 billion, a price-to-earnings ratio of 28.86, a P/E/G ratio of 0.50 and a beta of 1.56.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 EPS for the quarter, meeting analysts’ consensus estimates of $2.86. 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 analysts’ expectations of $11.05 billion. During the same period last year, the business posted $1.18 earnings per share. The firm’s 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, research analysts anticipate that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

The business also recently announced 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 yield of 0.2%. The ex-dividend date of this dividend was Friday, October 3rd. Micron Technology’s payout ratio is currently 6.06%.

Insiders Place Their Bets

In related news, CEO Sanjay Mehrotra sold 21,563 shares of the company’s stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $188.47, for a total value of $4,063,978.61. Following the transaction, the chief executive officer directly owned 272,648 shares of the company’s stock, valued at $51,385,968.56. This represents a 7.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Scott R. Allen sold 8,800 shares of Micron Technology 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 directly owned 40,237 shares of the company’s stock, valued at approximately $8,450,574.74. This represents a 17.95% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 144,256 shares of company stock valued at $25,564,625. Insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MU. First Command Advisory Services Inc. increased its holdings in Micron Technology by 225.0% in the 2nd quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock worth $27,000 after buying an additional 153 shares during the period. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Micron Technology in the 3rd quarter valued at $27,000. Howard Hughes Medical Institute acquired a new stake in shares of Micron Technology in the second quarter worth $30,000. AlphaQuest LLC lifted its position in Micron Technology by 13,250.0% during 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 during the period. Finally, WealthCollab LLC lifted its position in Micron Technology by 4,500.0% during the second quarter. WealthCollab LLC now owns 276 shares of the semiconductor manufacturer’s stock valued at $34,000 after purchasing an additional 270 shares during the period. 80.84% of the stock is currently 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.