Micron Technology (NASDAQ:MU) Stock Price Up 3.4% – Time to Buy?

Micron Technology, Inc. (NASDAQ:MU) shares shot up 3.4% during trading on Monday . The company traded as high as $294.50 and last traded at $294.37. 25,924,953 shares were traded during mid-day trading, an increase of 8% from the average session volume of 23,944,094 shares. The stock had previously closed at $284.79.

Wall Street Analysts Forecast Growth

MU has been the subject of several research reports. Citigroup raised their price objective on shares of Micron Technology from $300.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, December 18th. BNP Paribas upgraded Micron Technology from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, October 13th. Wall Street Zen upgraded Micron Technology from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 23rd. Summit Insights raised Micron Technology to a “strong-buy” rating in a report on Tuesday, September 23rd. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Micron Technology from $200.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. Five analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $282.61.

Micron Technology Stock Up 3.4%

The company has a market cap of $331.32 billion, a P/E ratio of 27.98, a PEG ratio of 0.18 and a beta of 1.54. The stock has a 50-day moving average of $237.05 and a 200 day moving average of $171.48. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.46 and a quick ratio of 1.78.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.77 by $1.01. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. The firm had revenue of $13.64 billion for the quarter, compared to the consensus estimate of $12.62 billion. During the same period in the prior year, the company posted $1.79 earnings per share. The business’s revenue for the quarter was up 56.7% on a year-over-year basis. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. Research analysts anticipate that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Monday, December 29th will be paid a dividend of $0.115 per share. The ex-dividend date is Monday, December 29th. This represents a $0.46 annualized dividend and a yield of 0.2%. Micron Technology’s dividend payout ratio is presently 4.37%.

Insiders Place Their Bets

In other news, EVP Scott J. Deboer sold 82,000 shares of the stock in a transaction on 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 transaction, the executive vice president directly owned 154,145 shares in the company, 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, CEO Sanjay Mehrotra sold 3,743 shares of the business’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $233.39, for a total value of $873,578.77. Following the sale, the chief executive officer owned 396,578 shares in the company, valued at $92,557,339.42. This represents a 0.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 384,300 shares of company stock valued at $83,974,468 over the last ninety days. 0.24% of the stock is owned by insiders.

Institutional Trading of Micron Technology

Several hedge funds and other institutional investors have recently made changes to their positions in MU. Triumph Capital Management raised its stake in Micron Technology by 21.4% during the third quarter. Triumph Capital Management now owns 3,267 shares of the semiconductor manufacturer’s stock worth $547,000 after buying an additional 576 shares during the last quarter. AIA Group Ltd raised its position in shares of Micron Technology by 82.9% during the third quarter. AIA Group Ltd now owns 113,646 shares of the semiconductor manufacturer’s stock worth $19,015,000 after purchasing an additional 51,494 shares during the period. Painted Porch Advisors LLC bought a new position in shares of Micron Technology in the third quarter valued at $77,000. Strategic Investment Solutions Inc. IL lifted its position in Micron Technology by 77.3% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 484 shares of the semiconductor manufacturer’s stock valued at $81,000 after acquiring an additional 211 shares in the last quarter. Finally, Severin Investments LLC purchased a new position in shares of Micron Technology during the third quarter valued at approximately $475,000. 80.84% of the stock is currently owned by institutional investors.

About Micron Technology

Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.