FY2026 Earnings Forecast for MU Issued By Cantor Fitzgerald

Key Points

• Cantor Fitzgerald raised its FY2026 earnings per share forecast for Micron Technology from $12.98 to $15.63, while maintaining an "Overweight" rating and a $200.00 target price for the stock.
• The company's latest quarterly earnings report exceeded expectations, with $1.91 EPS against a consensus estimate of $1.57, and revenues of $9.30 billion compared to expectations of $8.83 billion.
• Micron Technology recently declared a quarterly dividend of $0.115 per share, set to be paid on October 21st, with an annualized yield of 0.3%.

Micron Technology, Inc. (NASDAQ:MU - Free Report) - Equities research analysts at Cantor Fitzgerald upped their FY2026 earnings per share estimates for Micron Technology in a research note issued on Wednesday, September 24th. Cantor Fitzgerald analyst C. Muse now forecasts that the semiconductor manufacturer will post earnings per share of $15.63 for the year, up from their previous forecast of $12.98. Cantor Fitzgerald currently has a "Overweight" rating and a $200.00 target price 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 issued its quarterly earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 EPS for the quarter, topping the consensus estimate of $1.57 by $0.34. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The firm had revenue of $9.30 billion during the quarter, compared to analysts' expectations of $8.83 billion. During the same period in the previous year, the business earned $0.62 earnings per share.

Other equities research analysts have also recently issued reports about the stock. Stifel Nicolaus increased their target price on shares of Micron Technology from $173.00 to $195.00 and gave the company a "buy" rating in a research report on Monday. Barclays increased their price objective on shares of Micron Technology from $140.00 to $175.00 and gave the company an "overweight" rating in a report on Friday, September 19th. Mizuho raised their target price on shares of Micron Technology from $182.00 to $195.00 and gave the stock an "outperform" rating in a research note on Wednesday. Bank of America boosted their price objective on Micron Technology from $140.00 to $180.00 and gave the stock a "neutral" rating in a research note on Wednesday. Finally, Wedbush raised their target price on Micron Technology from $200.00 to $220.00 and gave the stock an "outperform" rating in a research note on Wednesday. Four investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $184.77.

Micron Technology Trading Down 3.0%

Shares of MU stock opened at $156.83 on Friday. Micron Technology has a fifty-two week low of $61.54 and a fifty-two week high of $170.45. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.89 and a current ratio of 2.52. The stock's fifty day moving average is $127.44 and its two-hundred day moving average is $107.55. The firm has a market capitalization of $175.51 billion, a P/E ratio of 20.66 and a beta of 1.47.

Micron Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Friday, October 3rd will be issued a dividend of $0.115 per share. The ex-dividend date is Friday, October 3rd. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.3%. Micron Technology's dividend payout ratio is currently 8.29%.

Insiders Place Their Bets

In other Micron Technology news, CFO Mark J. Murphy sold 34,000 shares of the company's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $109.32, for a total value of $3,716,880.00. Following the transaction, the chief financial officer owned 264,036 shares of the company's stock, valued at $28,864,415.52. This represents a 11.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Mary Pat Mccarthy sold 2,404 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $115.67, for a total transaction of $278,070.68. Following the transaction, the director directly owned 20,146 shares of the company's stock, valued at approximately $2,330,287.82. This trade represents a 10.66% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 156,308 shares of company stock valued at $19,804,967 over the last 90 days. Company insiders own 0.30% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. First Command Advisory Services Inc. boosted 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 valued at $27,000 after acquiring an additional 153 shares during the period. Howard Hughes Medical Institute purchased a new position in shares of Micron Technology in the second quarter valued at approximately $30,000. Opal Wealth Advisors LLC acquired a new position in shares of Micron Technology in the first quarter valued at approximately $33,000. AlphaQuest LLC increased its stake in Micron Technology by 13,250.0% during the 2nd quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer's stock worth $33,000 after buying an additional 265 shares during the period. Finally, WealthCollab LLC lifted its holdings in Micron Technology by 4,500.0% during the 2nd quarter. WealthCollab LLC now owns 276 shares of the semiconductor manufacturer's stock worth $34,000 after buying an additional 270 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.