Micron Technology (MU) Expected to Announce Quarterly Earnings on Thursday

Micron Technology (NASDAQ:MU - Get Free Report) is projected to release its earnings data after the market closes on Thursday, March 20th. Analysts expect Micron Technology to post earnings of $1.43 per share and revenue of $7.93 billion for the quarter. Micron Technology has set its Q2 2025 guidance at 1.330-1.530 EPS and its Q2 guidance at $1.33-$1.53 EPS.Persons that wish to register for the company's earnings conference call can do so using this link.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its quarterly earnings results on Wednesday, December 18th. The semiconductor manufacturer reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.19. The business had revenue of $8.71 billion for the quarter, compared to the consensus estimate of $8.71 billion. Micron Technology had a net margin of 13.34% and a return on equity of 8.32%. The company's revenue for the quarter was up 84.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.95) earnings per share. On average, analysts expect Micron Technology to post $6 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Micron Technology Price Performance

Shares of NASDAQ MU traded up $5.91 during midday trading on Friday, reaching $100.79. The stock had a trading volume of 24,604,491 shares, compared to its average volume of 22,173,168. The company has a market capitalization of $112.30 billion, a price-to-earnings ratio of 29.05 and a beta of 1.23. Micron Technology has a 12-month low of $83.54 and a 12-month high of $157.54. The stock has a 50-day moving average of $96.72 and a 200-day moving average of $98.05. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.75 and a current ratio of 2.72.

Micron Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th were given a $0.115 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a $0.46 annualized dividend and a dividend yield of 0.46%. Micron Technology's payout ratio is 13.26%.

Analyst Upgrades and Downgrades

MU has been the topic of a number of research analyst reports. Sanford C. Bernstein lowered their price target on Micron Technology from $140.00 to $120.00 and set an "outperform" rating on the stock in a report on Wednesday, December 18th. Bank of America lowered shares of Micron Technology from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $125.00 to $110.00 in a research report on Thursday, December 19th. Rosenblatt Securities reiterated a "buy" rating and issued a $250.00 price target on shares of Micron Technology in a report on Wednesday, December 18th. Needham & Company LLC cut their price objective on Micron Technology from $140.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, December 19th. Finally, Wells Fargo & Company decreased their target price on Micron Technology from $140.00 to $130.00 and set an "overweight" rating on the stock in a research report on Thursday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $134.56.

Insider Buying and Selling

In other Micron Technology news, Director Mary Pat Mccarthy sold 2,404 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $92.93, for a total value of $223,403.72. Following the completion of the transaction, the director now directly owns 27,358 shares in the company, valued at approximately $2,542,378.94. The trade was a 8.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP April S. Arnzen sold 4,890 shares of the firm's stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $85.21, for a total transaction of $416,676.90. Following the completion of the sale, the executive vice president now owns 181,223 shares in the company, valued at $15,442,011.83. This represents a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by insiders.

Institutional Trading of Micron Technology

A hedge fund recently raised its stake in Micron Technology stock. Brighton Jones LLC raised its holdings in Micron Technology, Inc. (NASDAQ:MU - Free Report) by 18.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,318 shares of the semiconductor manufacturer's stock after buying an additional 976 shares during the quarter. Brighton Jones LLC's holdings in Micron Technology were worth $532,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 80.84% of the company's stock.

About Micron Technology

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.