Q1 EPS Estimates for Micron Technology Boosted by Wedbush

Key Points

• Wedbush has raised its Q1 2026 earnings per share estimate for Micron Technology to $3.10, up from $2.96, maintaining an "Outperform" rating with a price target of $200.00.
• Micron reported earnings of $1.91 EPS for Q3 2025, exceeding the consensus estimate of $1.57 EPS, along with revenues of $9.30 billion.
• Insider activity shows significant share sales, with EVP Manish H. Bhatia reducing his holdings by 22.53% and Director Mary Pat McCarthy reducing hers by 10.66%.

Micron Technology, Inc. (NASDAQ:MU - Free Report) - Stock analysts at Wedbush raised their Q1 2026 earnings per share (EPS) estimates for Micron Technology in a research note issued on Thursday, September 18th. Wedbush analyst M. Bryson now anticipates that the semiconductor manufacturer will earn $3.10 per share for the quarter, up from their previous forecast of $2.96. Wedbush has a "Outperform" rating and a $200.00 price target on the stock. The consensus estimate for Micron Technology's current full-year earnings is $6.08 per share. Wedbush also issued estimates for Micron Technology's Q3 2026 earnings at $4.05 EPS and FY2026 earnings at $15.47 EPS.

MU has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft upped their price target on shares of Micron Technology from $150.00 to $175.00 and gave the stock a "buy" rating in a research report on Monday, September 15th. Piper Sandler increased their target price on Micron Technology from $120.00 to $165.00 and gave the company an "overweight" rating in a research report on Thursday, June 26th. Robert W. Baird lifted their price target on Micron Technology from $163.00 to $200.00 and gave the company an "outperform" rating in a report on Friday, June 27th. Needham & Company LLC restated a "buy" rating and set a $150.00 price objective on shares of Micron Technology in a research note on Monday, August 11th. Finally, Wall Street Zen downgraded Micron Technology from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 13th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, Micron Technology currently has a consensus rating of "Moderate Buy" and a consensus price target of $165.54.

Micron Technology Stock Up 1.2%

NASDAQ:MU traded up $1.89 during mid-day trading on Monday, reaching $164.62. The company's stock had a trading volume of 25,713,979 shares, compared to its average volume of 20,882,956. 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 firm has a market capitalization of $184.23 billion, a PE ratio of 28.30 and a beta of 1.47. The stock has a fifty day moving average of $123.82 and a 200-day moving average of $105.77. Micron Technology has a 1 year low of $61.54 and a 1 year high of $170.45.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.34. The business 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 period in the prior year, the business earned $0.62 EPS. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS.

Hedge Funds Weigh In On Micron Technology

A number of institutional investors have recently modified their holdings of MU. First Command Advisory Services Inc. boosted its position in Micron Technology by 225.0% in the 2nd quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer's stock worth $27,000 after purchasing an additional 153 shares in the last quarter. Howard Hughes Medical Institute purchased a new stake in shares of Micron Technology during the second quarter worth about $30,000. AlphaQuest LLC raised 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 acquiring an additional 265 shares during the last quarter. WealthCollab LLC raised its position in shares of Micron Technology by 4,500.0% in the second 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. Finally, Hilltop National Bank purchased a new position in Micron Technology in the 2nd quarter worth approximately $37,000. Hedge funds and other institutional investors own 80.84% of the company's stock.

Insider Transactions at Micron Technology

In other news, EVP Manish H. Bhatia sold 80,000 shares of the stock in a transaction on Monday, June 30th. The shares were sold at an average price of $123.16, for a total value of $9,852,800.00. Following the sale, the executive vice president owned 275,067 shares in the company, valued at $33,877,251.72. This represents a 22.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark J. Murphy sold 34,000 shares of the firm's stock in a transaction 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 transaction, the chief financial officer directly owned 264,036 shares of the company's stock, valued at approximately $28,864,415.52. This trade represents a 11.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 290,946 shares of company stock worth $36,685,159 in the last ninety days. Corporate insiders own 0.30% of the company's stock.

Micron Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 22nd. Investors 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 currently 8.29%.

About Micron Technology

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.