What is Cantor Fitzgerald's Forecast for MU FY2026 Earnings?

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

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

A number of other analysts have also recently commented on MU. Robert W. Baird upped their price objective on Micron Technology from $130.00 to $163.00 and gave the company an "outperform" rating in a research report on Friday, March 21st. Morgan Stanley dropped their price target on Micron Technology from $112.00 to $98.00 and set an "equal weight" rating for the company in a research note on Wednesday, May 7th. UBS Group raised their price objective on Micron Technology from $92.00 to $120.00 and gave the company a "buy" rating in a research report on Thursday, June 5th. Citigroup raised their target price on shares of Micron Technology from $110.00 to $130.00 and gave the company a "buy" rating in a report on Monday. Finally, Rosenblatt Securities dropped their price target on Micron Technology from $250.00 to $200.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $129.00.

Micron Technology Stock Performance

Shares of NASDAQ MU traded down $0.58 during trading on Tuesday, reaching $115.60. 17,402,839 shares of the company traded hands, compared to its average volume of 23,689,137. The stock has a market capitalization of $129.19 billion, a PE ratio of 33.31 and a beta of 1.28. The firm has a 50 day simple moving average of $88.20 and a 200-day simple moving average of $92.60. Micron Technology has a 52-week low of $61.54 and a 52-week high of $157.54. The company has a quick ratio of 1.75, a current ratio of 2.72 and a debt-to-equity ratio of 0.28.

Micron Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.115 per share. 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 payout ratio is 11.03%.

Insider Buying and Selling at Micron Technology

In related news, EVP Scott J. Deboer sold 20,000 shares of the business's stock in a transaction that occurred 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 owns 186,353 shares of the company's stock, valued at $20,498,830. The trade was a 9.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP April S. Arnzen sold 15,000 shares of the stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $96.18, for a total value of $1,442,700.00. Following the sale, the executive vice president now directly owns 164,769 shares in the company, valued at $15,847,482.42. This trade represents a 8.34% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 44,904 shares of company stock valued at $4,665,124 in the last three months. Company insiders own 0.30% of the company's stock.

Hedge Funds Weigh In On Micron Technology

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Strs Ohio acquired a new stake in Micron Technology in the first quarter valued at approximately $57,628,000. SWS Partners lifted its holdings in shares of Micron Technology by 2.5% during the 1st quarter. SWS Partners now owns 21,529 shares of the semiconductor manufacturer's stock valued at $1,871,000 after purchasing an additional 531 shares during the last quarter. Westbourne Investments Inc. boosted its position in shares of Micron Technology by 555.9% in the 1st quarter. Westbourne Investments Inc. now owns 17,590 shares of the semiconductor manufacturer's stock worth $1,528,000 after purchasing an additional 14,908 shares in the last quarter. Focus Partners Wealth boosted its position in shares of Micron Technology by 312.1% in the 1st quarter. Focus Partners Wealth now owns 138,878 shares of the semiconductor manufacturer's stock worth $12,067,000 after purchasing an additional 105,178 shares in the last quarter. Finally, Integrity Alliance LLC. grew its stake in Micron Technology by 278.8% during the 1st quarter. Integrity Alliance LLC. now owns 20,901 shares of the semiconductor manufacturer's stock worth $1,816,000 after buying an additional 15,384 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company's stock.

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.