Micron Technology (NASDAQ:MU) Given Hold (C+) Rating at Weiss Ratings

Key Points

• Micron Technology has received a "hold (C+)" rating from Weiss Ratings, while other analysts have issued updates including a price target increase from TD Cowen and Morgan Stanley, ranging from $180 to $250.
• The company's recent earnings report showed a revenue of $11.32 billion and an EPS of $2.86, meeting consensus estimates, with a year-over-year revenue increase of 46.1%.
• Micron's stock experienced a decline of 0.8%, trading at $191.31, with a range over the past year between $61.54 and $201.00, indicating significant volatility in its share price.

Micron Technology (NASDAQ:MU - Get Free Report)'s stock had its "hold (c+)" rating reissued by stock analysts at Weiss Ratings in a research note issued to investors on Tuesday,Weiss Ratings reports.

Other research analysts also recently issued reports about the stock. TD Cowen boosted their price objective on shares of Micron Technology from $150.00 to $180.00 and gave the company a "buy" rating in a research report on Friday, September 19th. Morgan Stanley raised shares of Micron Technology from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $160.00 to $220.00 in a research report on Monday, October 6th. Arete Research raised shares of Micron Technology to a "strong-buy" rating in a research report on Friday, July 18th. New Street Research restated a "neutral" rating on shares of Micron Technology in a report on Tuesday. Finally, Rosenblatt Securities boosted their target price on shares of Micron Technology from $200.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, September 24th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Micron Technology has an average rating of "Buy" and an average target price of $194.57.

Micron Technology Trading Down 0.8%

Shares of NASDAQ MU traded down $1.46 during mid-day trading on Tuesday, hitting $191.31. The stock had a trading volume of 8,746,774 shares, compared to its average volume of 23,341,941. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52. Micron Technology has a 1 year low of $61.54 and a 1 year high of $201.00. The business has a 50 day moving average price of $144.50 and a two-hundred day moving average price of $114.89. The firm has a market cap of $214.74 billion, a P/E ratio of 25.22, a price-to-earnings-growth ratio of 0.40 and a beta of 1.56.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 EPS for the quarter, hitting the consensus estimate of $2.86. The company had revenue of $11.32 billion for the quarter, compared to the consensus estimate of $11.05 billion. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The firm's revenue for the quarter was up 46.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. On average, equities analysts anticipate that Micron Technology will post 6.08 EPS for the current fiscal year.

Insider Activity

In related news, Director Richard M. Beyer sold 5,552 shares of the company's stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $155.68, for a total value of $864,335.36. Following the transaction, the director owned 96,031 shares in the company, valued at $14,950,106.08. The trade was a 5.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP April S. Arnzen sold 15,000 shares of the company's stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $164.04, for a total transaction of $2,460,600.00. Following the completion of the transaction, the executive vice president owned 131,580 shares in the company, valued at approximately $21,584,383.20. The trade was a 10.23% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 146,956 shares of company stock worth $22,841,025. 0.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Micron Technology

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Patton Fund Management Inc. bought a new position in Micron Technology during the 3rd quarter valued at about $5,121,000. HBK Sorce Advisory LLC lifted its stake in Micron Technology by 10.9% during the 3rd quarter. HBK Sorce Advisory LLC now owns 6,571 shares of the semiconductor manufacturer's stock valued at $1,099,000 after acquiring an additional 648 shares during the period. S.A. Mason LLC lifted its stake in Micron Technology by 8.5% during the 3rd quarter. S.A. Mason LLC now owns 1,275 shares of the semiconductor manufacturer's stock valued at $213,000 after acquiring an additional 100 shares during the period. OFI Invest Asset Management lifted its stake in Micron Technology by 206.1% during the 3rd quarter. OFI Invest Asset Management now owns 3,624 shares of the semiconductor manufacturer's stock valued at $606,000 after acquiring an additional 2,440 shares during the period. Finally, Sloy Dahl & Holst LLC bought a new position in Micron Technology during the 3rd quarter valued at about $249,000. 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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