Micron Technology (NASDAQ:MU) Price Target Raised to $275.00

Micron Technology (NASDAQ:MU) had its target price increased by Citigroup from $240.00 to $275.00 in a research report sent to investors on Monday,Benzinga reports. They currently have a buy rating on the semiconductor manufacturer’s stock.

Other analysts also recently issued research reports about the company. JPMorgan Chase & Co. boosted their price objective on Micron Technology from $185.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 24th. TD Cowen boosted their price objective on Micron Technology from $150.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. Erste Group Bank started coverage on Micron Technology in a research note on Thursday, August 14th. They issued a “buy” rating on the stock. Mizuho boosted their price objective on Micron Technology from $195.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Finally, Raymond James Financial boosted their price objective on Micron Technology from $150.00 to $190.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 24th. Five analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $202.79.

Micron Technology Stock Up 2.1%

Shares of Micron Technology stock opened at $226.63 on Monday. The business’s fifty day moving average price is $165.54 and its two-hundred day moving average price is $125.99. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79. The company has a market capitalization of $254.39 billion, a P/E ratio of 29.86, a PEG ratio of 0.50 and a beta of 1.56. Micron Technology has a 1-year low of $61.54 and a 1-year high of $232.40.

Micron Technology (NASDAQ:MU) last announced its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share for the quarter, meeting the consensus estimate of $2.86. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The firm had revenue of $11.32 billion for the quarter, compared to the consensus estimate of $11.05 billion. During the same quarter in the previous year, the business earned $1.18 EPS. The firm’s revenue for the quarter was up 46.1% on a year-over-year basis. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, research analysts forecast that Micron Technology will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

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

Insiders Place Their Bets

In other news, EVP Scott J. Deboer sold 82,000 shares of Micron Technology stock in a transaction on Monday, October 27th. The stock was sold at an average price of $222.81, for a total transaction of $18,270,420.00. Following the transaction, the executive vice president owned 154,145 shares in the company, valued at approximately $34,345,047.45. The trade was a 34.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Sanjay Mehrotra sold 22,500 shares of Micron Technology stock in a transaction on Monday, October 27th. The shares were sold at an average price of $220.72, for a total value of $4,966,200.00. Following the transaction, the chief executive officer owned 446,578 shares in the company, valued at $98,568,696.16. This represents a 4.80% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 248,756 shares of company stock worth $48,801,245. 0.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. McAdam LLC purchased a new position in Micron Technology in the third quarter valued at about $254,000. Bank of Stockton grew its stake in Micron Technology by 0.5% in the third quarter. Bank of Stockton now owns 18,386 shares of the semiconductor manufacturer’s stock valued at $3,076,000 after purchasing an additional 88 shares in the last quarter. Sage Mountain Advisors LLC grew its stake in Micron Technology by 18.7% in the third quarter. Sage Mountain Advisors LLC now owns 7,506 shares of the semiconductor manufacturer’s stock valued at $1,256,000 after purchasing an additional 1,185 shares in the last quarter. Dynasty Wealth Management LLC grew its stake in Micron Technology by 45.2% in the third quarter. Dynasty Wealth Management LLC now owns 15,784 shares of the semiconductor manufacturer’s stock valued at $2,641,000 after purchasing an additional 4,916 shares in the last quarter. Finally, Jackson Thornton Wealth Management LLC purchased a new position in Micron Technology in the third quarter valued at about $753,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

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.