Micron Technology (NASDAQ:MU) Stock Price Down 1.5% – Here’s Why

Micron Technology, Inc. (NASDAQ:MU)’s stock price was down 1.5% during trading on Monday . The stock traded as low as $236.00 and last traded at $237.50. Approximately 25,573,700 shares traded hands during mid-day trading, an increase of 9% from the average daily volume of 23,557,750 shares. The stock had previously closed at $241.14.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Barclays boosted their price objective on Micron Technology from $195.00 to $240.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Mizuho upped their price target on Micron Technology from $265.00 to $270.00 and gave the stock an “outperform” rating in a report on Thursday, December 4th. Summit Insights raised shares of Micron Technology to a “strong-buy” rating in a research report on Tuesday, September 23rd. Cantor Fitzgerald boosted their target price on shares of Micron Technology from $185.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 24th. Finally, Zacks Research upgraded shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 19th. Five research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Micron Technology currently has an average rating of “Buy” and an average price target of $239.34.

Micron Technology Stock Performance

The company has a market cap of $266.98 billion, a price-to-earnings ratio of 31.29, a P/E/G ratio of 0.40 and a beta of 1.54. 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 firm has a fifty day simple moving average of $223.10 and a 200 day simple moving average of $160.42.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share for the quarter, topping analysts’ consensus estimates 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%. Micron Technology’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 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. On average, sell-side analysts expect that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.

Micron Technology Announces Dividend

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

Insiders Place Their Bets

In other Micron Technology news, EVP Scott J. Deboer sold 82,000 shares of Micron Technology stock in a transaction that occurred 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 transaction, the executive vice president directly owned 154,145 shares of the company’s stock, valued at $34,345,047.45. The trade was a 34.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Scott R. Allen sold 8,800 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief accounting officer owned 40,237 shares of the company’s stock, valued at approximately $8,450,574.74. This trade represents a 17.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 392,171 shares of company stock valued at $82,965,420. 0.24% of the stock is owned by company insiders.

Institutional Trading of Micron Technology

A number of hedge funds have recently modified their holdings of the company. REAP Financial Group LLC bought a new position in Micron Technology in the third quarter worth $25,000. First Command Advisory Services Inc. increased its stake in Micron Technology by 225.0% in the second quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock valued at $27,000 after acquiring an additional 153 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new position in Micron Technology in the third quarter worth about $27,000. Howard Hughes Medical Institute acquired a new position in Micron Technology in the second quarter worth about $30,000. Finally, AlphaQuest LLC lifted its stake in Micron Technology by 13,250.0% during the second quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock worth $33,000 after purchasing an additional 265 shares during the period. 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.