Micron Technology, Inc. (NASDAQ:MU – Get Free Report) traded up 11.9% during mid-day trading on Wednesday. The stock traded as high as $827.58 and last traded at $811.30. 35,270,807 shares traded hands during mid-day trading, a decline of 12% from the average session volume of 40,296,109 shares. The stock had previously closed at $725.11.
More Micron Technology News
Here’s some of the latest news about MU:
- Neutral Sentiment: Micron plans to participate in upcoming investor events focused on technology and AI. The appearances may give executives a platform to discuss its role in AI memory, but no new business or financial guidance was announced. AI Chips Update – Micron Highlights AI Leadership At Investor Events
- Negative Sentiment: Reports attribute the latest weakness in memory and chip stocks to continued Nvidia declines and uncertainty following news about its leadership. Investors are questioning whether AI infrastructure spending—and the resulting demand for memory chips—can be sustained. Why are Micron, SK Hynix, and SanDisk stocks falling on Friday?
- Negative Sentiment: Micron’s memory business is cyclical and volatile. Commentary that some investors avoid the stock because of that boom-and-bust profile may reinforce caution, particularly after its large swings in recent weeks. Micron Stock Has Moved 5% or More on a Third of Its Trading Days Since October
Analyst Ratings Changes
Several equities research analysts recently weighed in on MU shares. Raymond James Financial reiterated an “outperform” rating on shares of Micron Technology in a research note on Thursday, October 1st. Citigroup upped their price target on Micron Technology from $1,150.00 to $1,300.00 and gave the company a “buy” rating in a report on Wednesday, September 23rd. CLSA reissued an “outperform” rating and set a $1,700.00 price objective on shares of Micron Technology in a report on Friday, October 2nd. Cantor Fitzgerald restated an “overweight” rating and set a $2,000.00 price objective on shares of Micron Technology in a research report on Thursday, October 1st. Finally, Arete Research upped their target price on Micron Technology from $852.00 to $1,500.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Micron Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,407.88.
Micron Technology Price Performance
The company has a quick ratio of 2.94, a current ratio of 3.31 and a debt-to-equity ratio of 0.03. The stock has a market cap of $874.01 billion, a price-to-earnings ratio of 10.34, a price-to-earnings-growth ratio of 0.14 and a beta of 2.36. The company’s 50-day moving average is $947.33 and its 200-day moving average is $762.45.
Micron Technology (NASDAQ:MU – Get Free Report) last released its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, beating analysts’ consensus estimates of $31.77 by $1.65. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The company had revenue of $54.23 billion for the quarter, compared to the consensus estimate of $51.33 billion. During the same period in the previous year, the business earned $3.03 earnings per share. The company’s quarterly revenue was up 379.1% on a year-over-year basis. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Equities research analysts expect that Micron Technology, Inc. will post 174.19 earnings per share for the current fiscal year.
Micron Technology Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 29th. Stockholders of record on Wednesday, October 14th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, October 14th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is presently 0.81%.
Insider Activity
In related news, EVP Sumit Sadana sold 15,000 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the completion of the sale, the executive vice president directly owned 191,021 shares of the company’s stock, valued at $178,469,010.09. This trade represents a 7.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology stock in a transaction on Friday, August 21st. The shares were sold at an average price of $968.90, for a total value of $38,756,000.00. Following the completion of the transaction, the chief executive officer owned 264,503 shares of the company’s stock, valued at approximately $256,276,956.70. The trade was a 13.14% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 83,545 shares of company stock worth $78,460,850. Insiders own 0.24% of the company’s stock.
Institutional Trading of Micron Technology
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Gibbs Wealth Management increased its stake in Micron Technology by 52.7% during the 3rd quarter. Gibbs Wealth Management now owns 6,041 shares of the semiconductor manufacturer’s stock worth $6,435,000 after purchasing an additional 2,085 shares in the last quarter. Denali Advisors LLC bought a new stake in Micron Technology in the 2nd quarter valued at $7,364,000. Castleark Management LLC bought a new position in shares of Micron Technology during the first quarter worth about $3,709,000. Oppenheimer & Co. Inc. boosted its holdings in Micron Technology by 16.0% during the second quarter. Oppenheimer & Co. Inc. now owns 48,520 shares of the semiconductor manufacturer’s stock worth $56,006,000 after purchasing an additional 6,702 shares during the last quarter. Finally, Legacy Wealth Management LLC MS grew its stake in shares of Micron Technology by 73.3% in the second quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer’s stock valued at $4,091,000 after buying an additional 1,499 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.
About Micron Technology
Micron Technology is a semiconductor company that designs and manufactures memory and storage products. Its portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, and other memory solutions used in computing and electronic devices. Micron’s products serve a range of markets, including data centers, personal computers, smartphones, automotive systems, and industrial applications. The company sells its products and solutions to customers around the world.
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