Q4 Earnings Forecast for Micron Technology Issued By Wedbush

Micron Technology, Inc. (NASDAQ:MU - Free Report) - Investment analysts at Wedbush raised their Q4 2026 EPS estimates for Micron Technology in a research note issued on Thursday, June 26th. Wedbush analyst M. Bryson now forecasts that the semiconductor manufacturer will earn $4.86 per share for the quarter, up from their previous forecast of $4.48. Wedbush has a "Outperform" rating and a $165.00 price target on the stock. The consensus estimate for Micron Technology's current full-year earnings is $6.08 per share.

A number of other equities analysts have also commented on the company. Royal Bank Of Canada set a $125.00 price objective on Micron Technology in a research note on Wednesday, March 19th. 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. Needham & Company LLC upped their price target on shares of Micron Technology from $120.00 to $150.00 and gave the stock a "buy" rating in a research report on Thursday. Morgan Stanley increased their price objective on shares of Micron Technology from $98.00 to $135.00 and gave the stock an "equal weight" rating in a report on Thursday. Finally, Stifel Nicolaus raised their price objective on shares of Micron Technology from $130.00 to $145.00 and gave the company a "buy" rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $146.21.

Micron Technology Price Performance

NASDAQ:MU opened at $124.76 on Monday. 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 cap of $139.62 billion, a PE ratio of 22.48 and a beta of 1.28. Micron Technology has a 12 month low of $61.54 and a 12 month high of $137.13. The company's 50-day moving average price is $98.71 and its two-hundred day moving average price is $94.15.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 EPS for the quarter, beating the consensus estimate of $1.57 by $0.34. Micron Technology had a net margin of 18.41% and a return on equity of 13.60%. The company had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $8.83 billion. During the same quarter in the previous year, the company earned $0.62 EPS.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position in shares of Micron Technology by 3.8% in the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 2,973 shares of the semiconductor manufacturer's stock valued at $250,000 after purchasing an additional 108 shares during the period. Twin Capital Management Inc. lifted its stake in Micron Technology by 0.5% in the fourth quarter. Twin Capital Management Inc. now owns 20,062 shares of the semiconductor manufacturer's stock valued at $1,688,000 after buying an additional 108 shares in the last quarter. D.B. Root & Company LLC boosted its holdings in shares of Micron Technology by 3.7% in the first quarter. D.B. Root & Company LLC now owns 3,018 shares of the semiconductor manufacturer's stock valued at $262,000 after buying an additional 108 shares during the period. Cim Investment Management Inc. boosted its holdings in shares of Micron Technology by 0.5% in the fourth quarter. Cim Investment Management Inc. now owns 23,062 shares of the semiconductor manufacturer's stock valued at $1,941,000 after buying an additional 114 shares during the period. Finally, Hazlett Burt & Watson Inc. increased its position in shares of Micron Technology by 1.1% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 10,481 shares of the semiconductor manufacturer's stock worth $883,000 after acquiring an additional 119 shares in the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Micron Technology

In related news, CEO Sanjay Mehrotra sold 3,562 shares of the company's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $110.46, for a total value of $393,458.52. Following the completion of the sale, the chief executive officer now owns 391,113 shares in the company, valued at $43,202,341.98. This represents a 0.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP April S. Arnzen sold 15,000 shares of the firm's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $125.12, for a total value of $1,876,800.00. Following the sale, the executive vice president now directly owns 148,167 shares in the company, valued at $18,538,655.04. The trade was a 9.19% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 72,404 shares of company stock valued at $8,509,167. 0.30% of the stock is currently owned by company insiders.

Micron Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Monday, July 7th will be paid a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 0.37%. The ex-dividend date of this dividend is Monday, July 7th. Micron Technology's payout ratio is 11.03%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.