FY2025 EPS Estimate for Micron Technology Lifted by Analyst

Key Points

• Analysts at Cantor Fitzgerald have raised their FY2025 earnings estimate for Micron Technology to $7.36 per share, up from a previous forecast of $7.01, maintaining an "Overweight" rating with a price target of $155.00.
• Micron reported quarterly earnings of $1.91 per share, exceeding analyst expectations of $1.57 and showing significant revenue growth with $9.30 billion compared to projected estimates of $8.83 billion.
• Institutional investors hold 80.84% of Micron Technology's stock, highlighting strong interest and investment from hedge funds and other organizations, with recent modifications in their holdings.

Micron Technology, Inc. (NASDAQ:MU - Free Report) - Research analysts at Cantor Fitzgerald upped their FY2025 earnings estimates for Micron Technology in a report issued on Tuesday, August 12th. Cantor Fitzgerald analyst C. Muse now expects that the semiconductor manufacturer will post earnings of $7.36 per share for the year, up from their previous forecast of $7.01. 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 $12.98 EPS.

Micron Technology (NASDAQ:MU - Get Free Report) last released its quarterly earnings data on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share for the quarter, topping analysts' consensus estimates of $1.57 by $0.34. Micron Technology had a net margin of 18.41% and a return on equity of 13.60%. The company had revenue of $9.30 billion during the quarter, compared to analyst estimates of $8.83 billion. During the same period in the prior year, the firm earned $0.62 earnings per share.

Several other equities analysts also recently issued reports on the stock. Bank of America upped their price objective on shares of Micron Technology from $84.00 to $140.00 and gave the company a "neutral" rating in a report on Thursday, June 26th. Susquehanna increased their price target on shares of Micron Technology from $150.00 to $160.00 and gave the stock a "positive" rating in a report on Thursday, June 26th. Morgan Stanley increased their price target on shares of Micron Technology from $98.00 to $135.00 and gave the stock an "equal weight" rating in a report on Thursday, June 26th. KeyCorp raised their price objective on shares of Micron Technology from $135.00 to $160.00 and gave the stock an "overweight" rating in a research note on Thursday, June 26th. Finally, Piper Sandler raised their price objective on shares of Micron Technology from $120.00 to $165.00 and gave the stock an "overweight" rating in a research note on Thursday, June 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $147.24.

Micron Technology Stock Performance

MU stock opened at $127.75 on Wednesday. The firm has a market cap of $142.97 billion, a price-to-earnings ratio of 23.02 and a beta of 1.37. The firm has a 50-day simple moving average of $116.97 and a two-hundred day simple moving average of $98.42. Micron Technology has a one year low of $61.54 and a one year high of $129.85. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.89 and a current ratio of 2.75.

Institutional Investors Weigh In On Micron Technology

Hedge funds have recently modified their holdings of the stock. Sunbeam Capital Management LLC purchased a new stake in Micron Technology during the 4th quarter worth approximately $26,000. First Command Advisory Services Inc. increased its holdings in Micron Technology by 225.0% during the 2nd quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer's stock worth $27,000 after purchasing an additional 153 shares during the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of Micron Technology in the 1st quarter worth approximately $33,000. AlphaQuest LLC grew its position in shares of Micron Technology by 13,250.0% in the 2nd quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer's stock worth $33,000 after acquiring an additional 265 shares in the last quarter. Finally, AllSquare Wealth Management LLC grew its position in shares of Micron Technology by 100.0% in the 1st quarter. AllSquare Wealth Management LLC now owns 400 shares of the semiconductor manufacturer's stock worth $35,000 after acquiring an additional 200 shares in the last quarter. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Mark J. Murphy sold 34,000 shares of the company's stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $109.32, for a total value of $3,716,880.00. Following the sale, the chief financial officer directly owned 264,036 shares in the company, valued at $28,864,415.52. This represents a 11.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP April S. Arnzen sold 15,000 shares of the company's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $125.12, for a total value of $1,876,800.00. Following the completion of the sale, the executive vice president owned 148,167 shares in the company, valued at $18,538,655.04. This represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 286,042 shares of company stock valued at $34,679,277 over the last three months. 0.30% of the stock is currently owned by corporate insiders.

Micron Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Monday, July 7th were issued a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, July 7th. Micron Technology's dividend payout ratio is currently 8.29%.

Micron Technology Company Profile

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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