Micron Technology (NASDAQ:MU) Trading 1.1% Higher - Should You Buy?

Key Points

• Micron Technology's share price increased by 1.1% to $117.71, despite experiencing a significant decline in trading volume of 86% from the average session.
• Analysts have mixed ratings on Micron, with the average target price at $147.24, including mentions of a "buy" rating from Deutsche Bank and a "neutral" rating from Goldman Sachs.
• Micron reported a strong quarterly performance, exceeding earnings estimates with $1.91 earnings per share and revenues of $9.30 billion, leading to a positive outlook for Q4 2025.

Micron Technology, Inc. (NASDAQ:MU - Get Free Report)'s share price traded up 1.1% during mid-day trading on Tuesday . The company traded as high as $118.36 and last traded at $117.71. 3,236,138 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 22,693,982 shares. The stock had previously closed at $116.42.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Micron Technology in a research report on Thursday, July 10th. They issued a "neutral" rating and a $130.00 price objective on the stock. Erste Group Bank assumed coverage on shares of Micron Technology in a research report on Thursday, August 14th. They issued a "buy" rating on the stock. KeyCorp lifted their target price on shares of Micron Technology from $135.00 to $160.00 and gave the stock an "overweight" rating in a research note on Thursday, June 26th. KGI Securities cut shares of Micron Technology from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Micron Technology in a research note on Thursday, July 10th. They issued a "buy" rating and a $150.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $147.24.

Micron Technology Stock Performance

The company has a market cap of $130.83 billion, a PE ratio of 21.08 and a beta of 1.37. The firm's fifty day moving average is $118.42 and its 200 day moving average is $100.30. The company has a current ratio of 2.75, a quick ratio of 1.89 and a debt-to-equity ratio of 0.30.

Micron Technology (NASDAQ:MU - Get Free Report) last released its earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.57 by $0.34. Micron Technology had a net margin of 18.41% and a return on equity of 13.60%. The business had revenue of $9.30 billion during the quarter, compared to analyst estimates of $8.83 billion. During the same quarter in the prior year, the firm earned $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. As a group, research analysts predict that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Announces Dividend

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

Insider Buying and Selling at Micron Technology

In other Micron Technology news, Director Steven J. Gomo sold 7,000 shares of the firm's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $125.15, for a total transaction of $876,050.00. Following the sale, the director owned 22,762 shares of the company's stock, valued at approximately $2,848,664.30. This trade represents a 23.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mark J. Murphy sold 34,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $109.32, for a total transaction of $3,716,880.00. Following the sale, the chief financial officer directly owned 264,036 shares in the company, valued at approximately $28,864,415.52. The trade was a 11.41% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 286,042 shares of company stock valued at $34,679,277. Corporate insiders own 0.30% of the company's stock.

Hedge Funds Weigh In On Micron Technology

A number of hedge funds and other institutional investors have recently bought and sold shares of MU. Duquesne Family Office LLC acquired a new stake in Micron Technology in the fourth quarter valued at $34,412,000. Janus Henderson Group PLC raised its stake in shares of Micron Technology by 74.6% during the 4th quarter. Janus Henderson Group PLC now owns 2,646,936 shares of the semiconductor manufacturer's stock worth $222,779,000 after buying an additional 1,130,680 shares during the last quarter. Mission Wealth Management LP raised its stake in shares of Micron Technology by 195.2% during the 1st quarter. Mission Wealth Management LP now owns 15,650 shares of the semiconductor manufacturer's stock worth $1,360,000 after buying an additional 10,348 shares during the last quarter. Centre Asset Management LLC acquired a new position in shares of Micron Technology during the 1st quarter worth $7,720,000. Finally, ProShare Advisors LLC raised its stake in shares of Micron Technology by 16.9% during the 4th quarter. ProShare Advisors LLC now owns 1,650,957 shares of the semiconductor manufacturer's stock worth $138,945,000 after buying an additional 238,687 shares during the last quarter. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

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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