Micron Technology (NASDAQ:MU) Issues Earnings Results, Beats Estimates By $0.13 EPS

Micron Technology (NASDAQ:MU) issued its quarterly earnings results on Thursday. The semiconductor manufacturer reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.13, Briefing.com reports. Micron Technology had a net margin of 13.34% and a return on equity of 8.32%. The firm had revenue of $8.05 billion for the quarter, compared to analyst estimates of $7.93 billion. During the same period in the previous year, the business earned $0.42 EPS. The company’s revenue was up 38.2% compared to the same quarter last year. Micron Technology updated its Q3 guidance to 1.47-1.67 EPS and its Q3 2025 guidance to 1.470-1.670 EPS.

Micron Technology Price Performance

Shares of Micron Technology stock traded down $7.63 during trading on Friday, hitting $95.37. 13,741,522 shares of the stock traded hands, compared to its average volume of 22,658,023. The stock has a market cap of $106.26 billion, a price-to-earnings ratio of 27.39 and a beta of 1.23. Micron Technology has a 52 week low of $83.54 and a 52 week high of $157.54. The firm’s fifty day moving average is $96.92 and its 200-day moving average is $98.22. The company has a quick ratio of 1.75, a current ratio of 2.72 and a debt-to-equity ratio of 0.28.

Insider Transactions at Micron Technology

In related news, Director Mary Pat Mccarthy sold 2,404 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $92.93, for a total transaction of $223,403.72. Following the completion of the sale, the director now directly owns 27,358 shares in the company, valued at $2,542,378.94. This represents a 8.08 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Micron Technology stock. Brighton Jones LLC grew its position in shares of Micron Technology, Inc. (NASDAQ:MU) by 18.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 6,318 shares of the semiconductor manufacturer’s stock after acquiring an additional 976 shares during the period. Brighton Jones LLC’s holdings in Micron Technology were worth $532,000 at the end of the most recent quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MU has been the subject of a number of analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Micron Technology from $180.00 to $145.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. UBS Group raised their price target on Micron Technology from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday. KGI Securities raised Micron Technology to a “strong-buy” rating in a research note on Friday, February 21st. Wedbush reiterated an “outperform” rating and set a $125.00 price target on shares of Micron Technology in a report on Monday. Finally, Sanford C. Bernstein dropped their price objective on shares of Micron Technology from $140.00 to $120.00 and set an “outperform” rating for the company in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.32.

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.