Micron Technology (NASDAQ:MU) Trading 1.2% Higher After Analyst Upgrade

Key Points

• Micron Technology's share price increased by 1.2% after Morgan Stanley raised its price target from $135.00 to $160.00, maintaining an equal weight rating on the stock.
• A significant **upgrade** trend has emerged as analysts from several firms, including Arete Research and Wolfe Research, rated Micron Technology as a "strong-buy" or "outperform" while adjusting their price targets upward.
• Micron has declared a **quarterly dividend** of $0.115, yielding approximately 0.3%, reflecting a low payout ratio of 8.29% amidst a strong financial performance in the last quarter.

Micron Technology, Inc. (NASDAQ:MU - Get Free Report)'s share price was up 1.2% during mid-day trading on Monday after Morgan Stanley raised their price target on the stock from $135.00 to $160.00. Morgan Stanley currently has an equal weight rating on the stock. Micron Technology traded as high as $167.26 and last traded at $164.62. Approximately 25,361,475 shares changed hands during mid-day trading, an increase of 11% from the average daily volume of 22,821,404 shares. The stock had previously closed at $162.73.

MU has been the topic of several other reports. Arete Research upgraded Micron Technology to a "strong-buy" rating in a report on Friday, July 18th. Wolfe Research increased their price target on Micron Technology from $160.00 to $180.00 and gave the stock an "outperform" rating in a report on Wednesday, September 17th. Wedbush increased their price target on Micron Technology from $165.00 to $200.00 and gave the stock an "outperform" rating in a report on Thursday. Zacks Research upgraded Micron Technology from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 19th. Finally, KGI Securities cut Micron Technology from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Micron Technology has a consensus rating of "Moderate Buy" and an average price target of $165.54.

Insider Transactions at Micron Technology

In other Micron Technology news, Director Steven J. Gomo sold 7,000 shares of the firm's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $125.15, for a total value of $876,050.00. Following the sale, the director owned 22,762 shares of the company's stock, valued at $2,848,664.30. This trade represents a 23.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Mark J. Murphy sold 34,000 shares of the firm'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 directly owned 264,036 shares in the company, valued at approximately $28,864,415.52. This represents a 11.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 275,946 shares of company stock worth $34,242,567. 0.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Micron Technology

Large investors have recently made changes to their positions in the business. First Command Advisory Services Inc. boosted its holdings in Micron Technology by 225.0% in the second quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer's stock worth $27,000 after acquiring an additional 153 shares in the last quarter. Howard Hughes Medical Institute bought a new position in shares of Micron Technology during the second quarter valued at $30,000. Opal Wealth Advisors LLC bought a new position in shares of Micron Technology during the first quarter valued at $33,000. AlphaQuest LLC lifted its holdings in shares of Micron Technology by 13,250.0% during the second quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer's stock valued at $33,000 after purchasing an additional 265 shares in the last quarter. Finally, WealthCollab LLC lifted its holdings in shares of Micron Technology by 4,500.0% during the second quarter. WealthCollab LLC now owns 276 shares of the semiconductor manufacturer's stock valued at $34,000 after purchasing an additional 270 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors.

Micron Technology Stock Performance

The stock has a market capitalization of $184.23 billion, a P/E ratio of 29.66 and a beta of 1.47. The company has a quick ratio of 1.89, a current ratio of 2.75 and a debt-to-equity ratio of 0.30. The business has a fifty day moving average price of $123.82 and a 200-day moving average price of $105.77.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its quarterly earnings data on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 EPS for the quarter, beating analysts' consensus estimates of $1.57 by $0.34. The company had revenue of $9.30 billion during the quarter, compared to analysts' expectations of $8.83 billion. Micron Technology had a return on equity of 13.60% and a net margin of 18.41%.During the same quarter in the prior year, the business earned $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. On average, sell-side analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Shareholders of record on Monday, July 7th were given a $0.115 dividend. The ex-dividend date was Monday, July 7th. This represents a $0.46 dividend on an annualized basis and a yield of 0.3%. Micron Technology's dividend payout ratio is presently 8.29%.

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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