Wells Fargo & Company Issues Positive Forecast for Micron Technology (NASDAQ:MU) Stock Price

Micron Technology (NASDAQ:MU) had its price objective increased by Wells Fargo & Company from $220.00 to $300.00 in a research note published on Friday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the semiconductor manufacturer’s stock.

Other research analysts have also recently issued reports about the stock. 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 report on Monday, October 13th. Susquehanna upped their target price on shares of Micron Technology from $160.00 to $200.00 and gave the stock a “positive” rating in a research note on Wednesday, September 17th. Bank of America raised their target price on shares of Micron Technology from $140.00 to $180.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 24th. Weiss Ratings raised Micron Technology from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Saturday, November 1st. Finally, Morgan Stanley upgraded Micron Technology from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $160.00 to $220.00 in a report on Monday, October 6th. Five research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Micron Technology has a consensus rating of “Buy” and a consensus target price of $205.64.

Micron Technology Trading Down 0.2%

Shares of MU traded down $0.41 during mid-day trading on Friday, reaching $237.92. 30,544,515 shares of the company’s stock traded hands, compared to its average volume of 23,360,414. 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 stock’s 50-day moving average is $181.33 and its two-hundred day moving average is $133.44. Micron Technology has a 12 month low of $61.54 and a 12 month high of $246.41. The stock has a market cap of $267.06 billion, a P/E ratio of 31.35, a P/E/G ratio of 0.51 and a beta of 1.62.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share (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 quarter in the previous year, the business earned $1.18 EPS. Micron Technology’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. Research analysts forecast that Micron Technology will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

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

Insider Buying and Selling

In related news, CFO Mark J. Murphy sold 126,000 shares of Micron Technology stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $225.31, for a total value of $28,389,060.00. Following the completion of the transaction, the chief financial officer directly owned 219,693 shares in the company, valued at approximately $49,499,029.83. This trade represents a 36.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Sanjay Mehrotra sold 10,602 shares of the business’s stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $225.23, for a total value of $2,387,888.46. Following the transaction, the chief executive officer directly owned 409,078 shares of the company’s stock, valued at $92,136,637.94. The trade was a 2.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 397,256 shares of company stock valued at $82,321,039 in the last three months. 0.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Micron Technology

Several hedge funds have recently added to or reduced their stakes in the stock. L & S Advisors Inc purchased a new stake in shares of Micron Technology during the 3rd quarter worth approximately $9,060,000. Synovus Financial Corp grew its position in shares of Micron Technology by 12.3% in the 3rd quarter. Synovus Financial Corp now owns 12,096 shares of the semiconductor manufacturer’s stock valued at $2,024,000 after buying an additional 1,329 shares during the last quarter. CenterBook Partners LP acquired a new stake in Micron Technology during the 3rd quarter worth $2,362,000. MJP Associates Inc. ADV lifted its position in Micron Technology by 9.4% in the third quarter. MJP Associates Inc. ADV now owns 2,168 shares of the semiconductor manufacturer’s stock valued at $363,000 after acquiring an additional 187 shares during the last quarter. Finally, Essex Financial Services Inc. boosted its stake in Micron Technology by 32.1% in the third quarter. Essex Financial Services Inc. now owns 2,682 shares of the semiconductor manufacturer’s stock valued at $449,000 after acquiring an additional 652 shares in the last quarter. 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.