FY2026 Earnings Estimate for MU Issued By Cantor Fitzgerald

Micron Technology, Inc. (NASDAQ:MU - Free Report) - Stock analysts at Cantor Fitzgerald issued their FY2026 earnings per share (EPS) estimates for shares of Micron Technology in a research report issued on Monday, June 9th. Cantor Fitzgerald analyst C. Muse expects that the semiconductor manufacturer will earn $10.13 per share for the year. Cantor Fitzgerald currently has a "Overweight" rating and a $130.00 target price on the stock. The consensus estimate for Micron Technology's current full-year earnings is $6.08 per share.

Other research analysts have also issued reports about the company. KGI Securities raised Micron Technology to a "strong-buy" rating in a research report on Friday, February 21st. JPMorgan Chase & Co. lowered their target price on Micron Technology from $145.00 to $135.00 and set an "overweight" rating for the company in a research note on Friday, March 21st. Wall Street Zen downgraded Micron Technology from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Royal Bank of Canada set a $125.00 target price on Micron Technology in a research note on Wednesday, March 19th. Finally, Rosenblatt Securities lowered their target price on Micron Technology from $250.00 to $200.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Micron Technology currently has a consensus rating of "Moderate Buy" and a consensus target price of $129.00.

Micron Technology Stock Up 1.7%

NASDAQ:MU traded up $1.89 during mid-day trading on Tuesday, hitting $116.03. The company had a trading volume of 21,558,700 shares, compared to its average volume of 23,683,958. The business has a fifty day simple moving average of $85.21 and a 200-day simple moving average of $92.26. The company has a current ratio of 2.72, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28. Micron Technology has a 1 year low of $61.54 and a 1 year high of $157.54. The firm has a market capitalization of $129.67 billion, a price-to-earnings ratio of 33.44 and a beta of 1.28.

Micron Technology (NASDAQ:MU - Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The semiconductor manufacturer reported $1.56 EPS for the quarter, beating the consensus estimate of $1.43 by $0.13. Micron Technology had a return on equity of 8.32% and a net margin of 13.34%. The company had revenue of $8.05 billion for the quarter, compared to analyst estimates of $7.93 billion. During the same period last year, the company posted $0.42 earnings per share. The firm's revenue was up 38.2% compared to the same quarter last year.

Institutional Investors Weigh In On Micron Technology

A number of hedge funds have recently made changes to their positions in MU. Sunbeam Capital Management LLC bought a new stake in Micron Technology during the fourth quarter worth approximately $26,000. Beacon Capital Management LLC raised its holdings in Micron Technology by 114.9% during the fourth quarter. Beacon Capital Management LLC now owns 374 shares of the semiconductor manufacturer's stock worth $31,000 after purchasing an additional 200 shares in the last quarter. Midwest Capital Advisors LLC bought a new stake in Micron Technology during the fourth quarter worth approximately $33,000. Opal Wealth Advisors LLC bought a new stake in Micron Technology during the first quarter worth approximately $33,000. Finally, Activest Wealth Management raised its holdings in Micron Technology by 583.3% during the fourth quarter. Activest Wealth Management now owns 410 shares of the semiconductor manufacturer's stock worth $34,000 after purchasing an additional 350 shares in the last quarter. Institutional investors own 80.84% of the company's stock.

Insiders Place Their Bets

In other news, CEO Sanjay Mehrotra sold 3,938 shares of Micron Technology stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $110.88, for a total transaction of $436,645.44. Following the sale, the chief executive officer now owns 387,175 shares of the company's stock, valued at approximately $42,929,964. The trade was a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mary Pat Mccarthy sold 2,404 shares of Micron Technology stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $80.00, for a total value of $192,320.00. Following the sale, the director now directly owns 24,954 shares in the company, valued at approximately $1,996,320. This trade represents a 8.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 44,904 shares of company stock valued at $4,665,124 over the last quarter. Insiders own 0.30% of the company's stock.

Micron Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.115 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.46 dividend on an annualized basis and a yield of 0.40%. Micron Technology's dividend payout ratio is currently 11.03%.

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.