Micron Technology (NASDAQ:MU) Trading Down 6.7% – What’s Next?

Micron Technology, Inc. (NASDAQ:MU) shares were down 6.7% on Friday . The company traded as low as $239.32 and last traded at $241.14. Approximately 25,316,107 shares changed hands during mid-day trading, an increase of 8% from the average daily volume of 23,529,789 shares. The stock had previously closed at $258.46.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Stifel Nicolaus boosted their price target on shares of Micron Technology from $195.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday. Needham & Company LLC lifted their price target on Micron Technology from $150.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Bank of America increased their price objective on Micron Technology from $140.00 to $180.00 and gave the company a “neutral” rating in a research report on Wednesday, September 24th. Summit Insights upgraded shares of Micron Technology to a “strong-buy” rating in a research report on Tuesday, September 23rd. Finally, Citigroup boosted their price objective on shares of Micron Technology from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $236.59.

Micron Technology Trading Down 6.7%

The firm’s 50 day moving average is $223.10 and its 200 day moving average is $159.97. 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 $271.07 billion, a PE ratio of 31.77, a P/E/G ratio of 0.41 and a beta of 1.54.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.86 by $0.17. The business had revenue of $11.32 billion for the quarter, compared to analyst estimates 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 was up 46.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, equities analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Friday, October 3rd were paid a dividend of $0.115 per share. The ex-dividend date of this dividend 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%.

Insiders Place Their Bets

In other news, CEO Sanjay Mehrotra sold 3,743 shares of Micron Technology stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $233.39, for a total transaction of $873,578.77. Following the sale, the chief executive officer owned 396,578 shares of the company’s stock, valued at approximately $92,557,339.42. The trade was a 0.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Scott J. Deboer sold 82,000 shares of the business’s stock in a transaction dated Monday, October 27th. The shares were 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 $34,345,047.45. This represents a 34.72% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 392,352 shares of company stock worth $82,994,387. Insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in MU. American Capital Advisory LLC boosted its position in shares of Micron Technology by 20.4% during the third quarter. American Capital Advisory LLC now owns 272 shares of the semiconductor manufacturer’s stock valued at $46,000 after purchasing an additional 46 shares in the last quarter. Winthrop Capital Management LLC boosted its holdings in shares of Micron Technology by 4.0% during the 3rd quarter. Winthrop Capital Management LLC now owns 1,234 shares of the semiconductor manufacturer’s stock valued at $206,000 after buying an additional 47 shares in the last quarter. Main Street Research LLC boosted its holdings in shares of Micron Technology by 0.8% during the 3rd quarter. Main Street Research LLC now owns 5,976 shares of the semiconductor manufacturer’s stock valued at $1,000,000 after buying an additional 47 shares in the last quarter. Vivaldi Capital Management LP grew its position in shares of Micron Technology by 2.6% in the 3rd quarter. Vivaldi Capital Management LP now owns 1,940 shares of the semiconductor manufacturer’s stock worth $325,000 after buying an additional 49 shares during the period. Finally, Teamwork Financial Advisors LLC increased its stake in shares of Micron Technology by 0.4% in the 3rd quarter. Teamwork Financial Advisors LLC now owns 14,974 shares of the semiconductor manufacturer’s stock worth $2,505,000 after acquiring an additional 53 shares in the last quarter. 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.