Q3 Earnings Estimate for Micron Technology Issued By Wedbush

Micron Technology, Inc. (NASDAQ:MU - Free Report) - Stock analysts at Wedbush decreased their Q3 2026 EPS estimates for shares of Micron Technology in a note issued to investors on Thursday, December 19th. Wedbush analyst M. Bryson now expects that the semiconductor manufacturer will earn $3.59 per share for the quarter, down from their prior forecast of $3.89. Wedbush currently has a "Outperform" rating and a $140.00 target price on the stock. The consensus estimate for Micron Technology's current full-year earnings is $8.31 per share. Wedbush also issued estimates for Micron Technology's Q4 2026 earnings at $3.90 EPS.

Several other equities analysts also recently commented on the company. Barclays decreased their target price on Micron Technology from $145.00 to $110.00 and set an "overweight" rating on the stock in a research report on Friday. Raymond James lifted their target price on Micron Technology from $125.00 to $140.00 and gave the stock an "outperform" rating in a report on Thursday, September 26th. Needham & Company LLC decreased their price target on shares of Micron Technology from $140.00 to $120.00 and set a "buy" rating on the stock in a research note on Thursday. Piper Sandler cut their price objective on shares of Micron Technology from $150.00 to $120.00 and set an "overweight" rating for the company in a report on Thursday. Finally, KeyCorp lowered their target price on shares of Micron Technology from $145.00 to $135.00 and set an "overweight" rating on the stock in a report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat, Micron Technology currently has an average rating of "Moderate Buy" and a consensus price target of $135.24.

Micron Technology Stock Performance

Shares of MU stock traded down $0.40 during trading on Monday, reaching $89.72. 25,978,365 shares of the company's stock were exchanged, compared to its average volume of 22,033,650. The firm's fifty day moving average price is $103.14 and its 200-day moving average price is $108.37. Micron Technology has a twelve month low of $79.15 and a twelve month high of $157.54. The stock has a market capitalization of $99.96 billion, a PE ratio of 131.94 and a beta of 1.16. The company has a quick ratio of 1.68, a current ratio of 2.64 and a debt-to-equity ratio of 0.29.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its quarterly earnings results on Wednesday, December 18th. The semiconductor manufacturer reported $1.79 EPS for the quarter, topping analysts' consensus estimates of $1.60 by $0.19. Micron Technology had a return on equity of 1.58% and a net margin of 3.10%. The business had revenue of $8.71 billion during the quarter, compared to analysts' expectations of $8.71 billion. During the same quarter last year, the company posted ($0.95) earnings per share. Micron Technology's quarterly revenue was up 84.3% on a year-over-year basis.

Micron Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th will be issued a dividend of $0.115 per share. The ex-dividend date is Monday, December 30th. This represents a $0.46 annualized dividend and a dividend yield of 0.51%. Micron Technology's dividend payout ratio (DPR) is presently 13.26%.

Insider Activity

In other Micron Technology news, EVP April S. Arnzen sold 4,890 shares of the business's stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $113.00, for a total transaction of $552,570.00. Following the sale, the executive vice president now directly owns 135,830 shares of the company's stock, valued at $15,348,790. The trade was a 3.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Micron Technology

Hedge funds have recently modified their holdings of the business. Van ECK Associates Corp lifted its stake in shares of Micron Technology by 30.6% in the third quarter. Van ECK Associates Corp now owns 10,564,198 shares of the semiconductor manufacturer's stock worth $1,109,769,000 after acquiring an additional 2,477,985 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Micron Technology by 21.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,326,224 shares of the semiconductor manufacturer's stock worth $1,174,643,000 after purchasing an additional 2,022,180 shares during the last quarter. State Street Corp lifted its position in shares of Micron Technology by 3.1% in the 3rd quarter. State Street Corp now owns 48,226,710 shares of the semiconductor manufacturer's stock worth $5,001,592,000 after purchasing an additional 1,434,568 shares during the period. Worldquant Millennium Advisors LLC boosted its stake in shares of Micron Technology by 254.4% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 1,859,416 shares of the semiconductor manufacturer's stock valued at $192,840,000 after purchasing an additional 1,334,690 shares during the last quarter. Finally, International Assets Investment Management LLC increased its position in shares of Micron Technology by 1,233.7% during the third quarter. International Assets Investment Management LLC now owns 1,430,619 shares of the semiconductor manufacturer's stock worth $145,470,000 after buying an additional 1,323,352 shares during the period. Institutional investors and hedge funds own 80.84% of the company's stock.

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.