Micron Technology, Inc. (NASDAQ:MU - Get Free Report)'s share price dropped 2.1% during trading on Thursday . The company traded as low as $189.50 and last traded at $192.33. Approximately 19,123,516 shares traded hands during mid-day trading, a decline of 18% from the average daily volume of 23,401,115 shares. The stock had previously closed at $196.54.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the stock. UBS Group increased their price target on shares of Micron Technology from $195.00 to $225.00 and gave the stock a "buy" rating in a research note on Wednesday. JPMorgan Chase & Co. upped their target price on shares of Micron Technology from $185.00 to $220.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 24th. Wells Fargo & Company raised their price target on Micron Technology from $170.00 to $220.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 24th. KGI Securities raised Micron Technology from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 24th. Finally, Mizuho lifted their target price on shares of Micron Technology from $182.00 to $195.00 and gave the company an "outperform" rating in a research note on Wednesday, September 24th. Four research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Micron Technology presently has a consensus rating of "Buy" and a consensus price target of $191.78.
Read Our Latest Stock Analysis on Micron Technology
Micron Technology Price Performance
The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79. The stock's fifty day moving average is $141.26 and its 200-day moving average is $113.25. The stock has a market capitalization of $215.88 billion, a PE ratio of 25.34, a P/E/G ratio of 0.43 and a beta of 1.56.
Micron Technology (NASDAQ:MU - Get Free Report) last issued its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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 return on equity of 17.21% and a net margin of 22.84%.Micron Technology's revenue for the quarter was up 46.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, equities analysts predict that Micron Technology, Inc. will post 6.08 earnings per share for the current fiscal year.
Micron Technology Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Friday, October 3rd will be paid a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, October 3rd. Micron Technology's dividend payout ratio is currently 6.06%.
Insiders Place Their Bets
In other Micron Technology news, Director Richard M. Beyer sold 5,552 shares of Micron Technology stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $155.68, for a total value of $864,335.36. Following the sale, the director owned 96,031 shares in the company, valued at $14,950,106.08. The trade was a 5.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sanjay Mehrotra sold 21,563 shares of the stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $188.47, for a total transaction of $4,063,978.61. Following the transaction, the chief executive officer directly owned 272,648 shares of the company's stock, valued at approximately $51,385,968.56. This trade represents a 7.33% decrease in their position. The disclosure for this sale can be found here. Insiders sold 146,956 shares of company stock valued at $22,841,025 in the last three months. 0.30% of the stock is currently owned by insiders.
Institutional Trading of Micron Technology
A number of large investors have recently modified their holdings of the stock. First Command Advisory Services Inc. increased 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 valued at $27,000 after buying an additional 153 shares during the last quarter. Howard Hughes Medical Institute purchased a new position in shares of Micron Technology in the 2nd quarter valued at about $30,000. Opal Wealth Advisors LLC purchased a new position in shares of Micron Technology in the 1st quarter valued at about $33,000. AlphaQuest LLC increased its stake in Micron Technology by 13,250.0% in 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 during the last quarter. Finally, WealthCollab LLC grew its position in shares of Micron Technology by 4,500.0% in the 2nd quarter. WealthCollab LLC now owns 276 shares of the semiconductor manufacturer's stock valued at $34,000 after buying an additional 270 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company's stock.
About Micron Technology
(
Get Free Report)
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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