FY2025 EPS Estimate for Micron Technology Lifted by Analyst

Micron Technology, Inc. (NASDAQ:MU - Free Report) - Equities researchers at Cantor Fitzgerald boosted their FY2025 earnings per share estimates for Micron Technology in a research report issued on Thursday, June 26th. Cantor Fitzgerald analyst C. Muse now anticipates that the semiconductor manufacturer will earn $7.01 per share for the year, up from their previous forecast of $6.26. Cantor Fitzgerald has a "Overweight" rating and a $155.00 price objective on the stock. The consensus estimate for Micron Technology's current full-year earnings is $6.08 per share. Cantor Fitzgerald also issued estimates for Micron Technology's FY2026 earnings at $12.44 EPS.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its quarterly earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.34. Micron Technology had a return on equity of 13.60% and a net margin of 18.41%. The business had revenue of $9.30 billion for the quarter, compared to analysts' expectations of $8.83 billion. During the same quarter last year, the business earned $0.62 earnings per share.

Other equities research analysts have also issued research reports about the company. UBS Group raised their price target on Micron Technology from $120.00 to $155.00 and gave the stock a "buy" rating in a research report on Thursday. Morgan Stanley raised their price target on Micron Technology from $98.00 to $135.00 and gave the stock an "equal weight" rating in a research report on Thursday. Wall Street Zen raised Micron Technology from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. China Renaissance lowered Micron Technology from a "buy" rating to a "hold" rating and set a $84.00 price target on the stock. in a research report on Wednesday, March 26th. Finally, Royal Bank Of Canada set a $125.00 price target on Micron Technology in a research report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Micron Technology has a consensus rating of "Moderate Buy" and an average target price of $146.21.

Micron Technology Price Performance

Shares of MU opened at $124.76 on Monday. The company has a current ratio of 2.75, a quick ratio of 1.89 and a debt-to-equity ratio of 0.30. Micron Technology has a 1 year low of $61.54 and a 1 year high of $137.13. The stock has a market cap of $139.62 billion, a P/E ratio of 22.48 and a beta of 1.28. The stock's 50-day moving average price is $98.71 and its two-hundred day moving average price is $94.15.

Institutional Trading of Micron Technology

Large investors have recently modified their holdings of the stock. E Fund Management Co. Ltd. grew its holdings in shares of Micron Technology by 31.8% during the 4th quarter. E Fund Management Co. Ltd. now owns 36,378 shares of the semiconductor manufacturer's stock worth $3,062,000 after purchasing an additional 8,780 shares in the last quarter. CIBC Private Wealth Group LLC grew its holdings in shares of Micron Technology by 43.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 14,178 shares of the semiconductor manufacturer's stock worth $1,193,000 after purchasing an additional 4,264 shares in the last quarter. Landscape Capital Management L.L.C. grew its holdings in shares of Micron Technology by 167.0% during the 4th quarter. Landscape Capital Management L.L.C. now owns 45,758 shares of the semiconductor manufacturer's stock worth $3,851,000 after purchasing an additional 28,621 shares in the last quarter. Duquesne Family Office LLC acquired a new stake in shares of Micron Technology during the 4th quarter worth $34,412,000. Finally, Janus Henderson Group PLC grew its holdings in shares of Micron Technology by 74.6% during the 4th quarter. Janus Henderson Group PLC now owns 2,646,936 shares of the semiconductor manufacturer's stock worth $222,779,000 after purchasing an additional 1,130,680 shares in the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Micron Technology news, EVP April S. Arnzen sold 15,000 shares of the company's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $125.12, for a total value of $1,876,800.00. Following the transaction, the executive vice president now directly owns 148,167 shares of the company's stock, valued at $18,538,655.04. This represents a 9.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Scott J. Deboer sold 20,000 shares of the company's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $110.00, for a total value of $2,200,000.00. Following the completion of the transaction, the executive vice president now directly owns 186,353 shares in the company, valued at approximately $20,498,830. This represents a 9.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 72,404 shares of company stock valued at $8,509,167. 0.30% of the stock is owned by insiders.

Micron Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Monday, July 7th will be issued a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date of this dividend is Monday, July 7th. Micron Technology's payout ratio is presently 11.03%.

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.

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