Micron Technology (NASDAQ:MU) Trading Down 3% - What's Next?

Key Points

• Micron Technology's share price decreased by 3% to $187.06, with trading volume down 34% from the average, indicating possible decreased investor interest.
• Several research firms upgraded their ratings on Micron, with price targets rising significantly, including Citigroup increasing their target from $175.00 to $200.00.
• Micron announced a quarterly dividend of $0.115 per share, reflecting an annualized yield of 0.2%, with the dividend payable on October 21st to stockholders of record.

Micron Technology, Inc. (NASDAQ:MU - Get Free Report)'s share price fell 3% during trading on Tuesday . The stock traded as low as $186.25 and last traded at $187.06. 15,468,325 shares were traded during mid-day trading, a decline of 34% from the average session volume of 23,378,266 shares. The stock had previously closed at $192.77.

Analyst Ratings Changes

Several research firms recently commented on MU. KGI Securities upgraded Micron Technology from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 24th. Citigroup upped their price objective on Micron Technology from $175.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, September 24th. Bank of America increased their target price on Micron Technology from $140.00 to $180.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 24th. TD Cowen increased their target price on Micron Technology from $150.00 to $180.00 and gave the stock a "buy" rating in a research report on Friday, September 19th. Finally, Susquehanna increased their target price on Micron Technology from $160.00 to $200.00 and gave the stock a "positive" rating in a research report on Wednesday, September 17th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Micron Technology has an average rating of "Buy" and a consensus target price of $194.57.

Micron Technology Stock Down 3.0%

The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26. The company has a market cap of $209.97 billion, a PE ratio of 24.65, a P/E/G ratio of 0.40 and a beta of 1.56. The stock has a 50-day moving average of $144.50 and a 200-day moving average of $114.89.

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

Micron Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Friday, October 3rd will be paid a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, October 3rd. Micron Technology's dividend payout ratio (DPR) is 6.06%.

Insider Buying and Selling

In other news, Director Richard M. Beyer sold 5,552 shares of the firm's stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $155.68, for a total transaction of $864,335.36. Following the transaction, the director directly owned 96,031 shares of the company's stock, valued at approximately $14,950,106.08. This trade represents a 5.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP April S. Arnzen sold 15,000 shares of the 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 sale, the executive vice president owned 131,580 shares of the company's stock, valued at approximately $21,584,383.20. This represents a 10.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 146,956 shares of company stock valued at $22,841,025 over the last three months. 0.30% of the stock is owned by corporate insiders.

Institutional Trading of Micron Technology

Several institutional investors and hedge funds have recently bought and sold shares of MU. Brighton Jones LLC lifted its holdings in Micron Technology by 18.3% in the fourth quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer's stock worth $532,000 after buying an additional 976 shares during the period. GAMMA Investing LLC lifted its holdings in Micron Technology by 20.5% in the first quarter. GAMMA Investing LLC now owns 21,561 shares of the semiconductor manufacturer's stock worth $1,873,000 after buying an additional 3,667 shares during the period. CVA Family Office LLC lifted its holdings in Micron Technology by 22.6% in the first quarter. CVA Family Office LLC now owns 1,425 shares of the semiconductor manufacturer's stock worth $124,000 after buying an additional 263 shares during the period. Stock Yards Bank & Trust Co. purchased a new stake in Micron Technology in the first quarter worth about $228,000. Finally, Tritonpoint Wealth LLC lifted its holdings in Micron Technology by 20.1% in the first quarter. Tritonpoint Wealth LLC now owns 3,097 shares of the semiconductor manufacturer's stock worth $269,000 after buying an additional 518 shares during the period. 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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