Micron Technology, Inc. (NASDAQ:MU) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Micron Technology, Inc. has received an average recommendation of "Moderate Buy" from 29 brokerages, with an average price target of $147.54.
• Recent analyst upgrades include Citigroup raising the target price to $150.00 and Cantor Fitzgerald increasing it to $155.00.
• Micron reported strong quarterly earnings with an EPS of $1.91, exceeding expectations, and plans a $0.115 quarterly dividend, indicating a healthy financial position.

Shares of Micron Technology, Inc. (NASDAQ:MU - Get Free Report) have been given an average recommendation of "Moderate Buy" by the twenty-nine brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $147.5385.

Several analysts have commented on MU shares. Citigroup upped their target price on shares of Micron Technology from $130.00 to $150.00 and gave the company a "buy" rating in a research report on Thursday, June 26th. Cantor Fitzgerald upped their target price on shares of Micron Technology from $145.00 to $155.00 and gave the company an "overweight" rating in a research report on Thursday, June 26th. Bank of America upped their target price on shares of Micron Technology from $84.00 to $140.00 and gave the company a "neutral" rating in a research report on Thursday, June 26th. The Goldman Sachs Group started coverage on shares of Micron Technology in a research report on Thursday, July 10th. They set a "neutral" rating and a $130.00 target price for the company. Finally, Robert W. Baird upped their target price on shares of Micron Technology from $163.00 to $200.00 and gave the company an "outperform" rating in a research report on Friday, June 27th.

Micron Technology Stock Up 5.8%

Shares of MU opened at $131.37 on Monday. The company has a market capitalization of $147.02 billion, a P/E ratio of 23.67 and a beta of 1.47. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.75 and a quick ratio of 1.89. Micron Technology has a one year low of $61.54 and a one year high of $131.41. The business's 50 day simple moving average is $117.85 and its 200-day simple moving average is $101.67.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its 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 13.60% and a net margin of 18.41%.The business had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $8.83 billion. During the same period in the previous year, the business earned $0.62 EPS. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. As a group, sell-side analysts predict that Micron Technology will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

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

Insider Activity at Micron Technology

In other Micron Technology news, EVP Manish H. Bhatia sold 80,000 shares of the company's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $123.16, for a total transaction of $9,852,800.00. Following the completion of the sale, the executive vice president owned 275,067 shares in the company, valued at approximately $33,877,251.72. The trade was a 22.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Sumit Sadana sold 92,638 shares of the company's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $125.49, for a total transaction of $11,625,142.62. Following the completion of the sale, the executive vice president owned 201,326 shares of the company's stock, valued at approximately $25,264,399.74. This represents a 31.51% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 260,946 shares of company stock worth $31,927,244. 0.30% of the stock is owned by company insiders.

Institutional Trading of Micron Technology

A number of large investors have recently made changes to their positions in MU. Brighton Jones LLC increased its position in shares of Micron Technology by 18.3% in the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer's stock valued at $532,000 after buying an additional 976 shares in the last quarter. Bank Pictet & Cie Europe AG increased its position in shares of Micron Technology by 19.5% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 85,722 shares of the semiconductor manufacturer's stock valued at $7,214,000 after buying an additional 13,985 shares in the last quarter. Captrust Financial Advisors boosted its stake in Micron Technology by 18.8% in the 4th quarter. Captrust Financial Advisors now owns 39,810 shares of the semiconductor manufacturer's stock worth $3,350,000 after purchasing an additional 6,306 shares during the period. FORA Capital LLC acquired a new position in Micron Technology in the 4th quarter worth $396,000. Finally, First Manhattan CO. LLC. boosted its stake in Micron Technology by 9.0% in the 4th quarter. First Manhattan CO. LLC. now owns 7,629 shares of the semiconductor manufacturer's stock worth $643,000 after purchasing an additional 630 shares during the period. 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.

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