Brokerages Set Micron Technology, Inc. (NASDAQ:MU) Target Price at $215.64

Micron Technology, Inc. (NASDAQ:MU) has been assigned an average recommendation of “Buy” from the thirty-five brokerages that are covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and five have given a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $216.1071.

A number of analysts have issued reports on MU shares. Bank of America lifted their price target on Micron Technology from $140.00 to $180.00 and gave the stock a “neutral” rating in a report on Wednesday, September 24th. Citigroup boosted their target price on Micron Technology from $240.00 to $275.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. BNP Paribas Exane upgraded shares of Micron Technology from an “underperform” rating to an “outperform” rating and set a $270.00 price target on the stock in a research note on Monday, October 13th. Piper Sandler raised their price objective on shares of Micron Technology from $165.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, September 24th. Finally, Mizuho upped their target price on shares of Micron Technology from $240.00 to $265.00 and gave the company an “outperform” rating in a report on Tuesday, October 28th.

Insider Transactions at Micron Technology

In other news, CAO Scott R. Allen sold 8,800 shares of the business’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 completion of the sale, the chief accounting officer directly owned 40,237 shares of the company’s stock, valued at approximately $8,450,574.74. The trade was a 17.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Scott J. Deboer sold 82,000 shares of the company’s stock in a transaction dated 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 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 trade represents a 34.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 409,756 shares of company stock worth $85,308,033 over the last three months. 0.30% of the stock is currently owned by company insiders.

Institutional Trading of Micron Technology

Several institutional investors and hedge funds have recently bought and sold shares of MU. Brighton Jones LLC grew its position in Micron Technology by 18.3% during the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock worth $532,000 after purchasing an additional 976 shares during the last quarter. PFG Advisors boosted its stake in shares of Micron Technology by 6.8% during the first quarter. PFG Advisors now owns 3,466 shares of the semiconductor manufacturer’s stock worth $301,000 after buying an additional 222 shares during the period. Madison Asset Management LLC acquired a new stake in shares of Micron Technology during the first quarter worth about $261,000. Journey Strategic Wealth LLC grew its holdings in shares of Micron Technology by 8.2% during the first quarter. Journey Strategic Wealth LLC now owns 2,993 shares of the semiconductor manufacturer’s stock worth $260,000 after buying an additional 226 shares during the last quarter. Finally, Lifeworks Advisors LLC acquired a new position in Micron Technology in the 1st quarter valued at about $255,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Micron Technology Trading Up 2.6%

NASDAQ MU opened at $230.26 on Friday. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26. Micron Technology has a 52 week low of $61.54 and a 52 week high of $260.58. The stock has a market capitalization of $258.84 billion, a PE ratio of 30.34, a price-to-earnings-growth ratio of 0.51 and a beta of 1.62. The firm has a 50 day moving average of $205.41 and a two-hundred day moving average of $147.67.

Micron Technology (NASDAQ:MU) last released its quarterly earnings data 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 business had revenue of $11.32 billion during 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 company’s revenue for the quarter was up 46.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, research analysts expect that Micron Technology will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

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

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.