Micron Technology (NASDAQ:MU) Shares Down 2% – Should You Sell?

by · The Cerbat Gem

Micron Technology, Inc. (NASDAQ:MUGet Free Report) shares were down 2% during trading on Thursday . The company traded as low as $251.55 and last traded at $258.46. Approximately 17,162,932 shares traded hands during trading, a decline of 27% from the average daily volume of 23,523,969 shares. The stock had previously closed at $263.71.

Analysts Set New Price Targets

MU has been the subject of several research reports. HSBC assumed coverage on Micron Technology in a report on Tuesday. They set a “buy” rating and a $330.00 price objective for the company. Piper Sandler increased their target price on shares of Micron Technology from $165.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 24th. Morgan Stanley boosted their price target on shares of Micron Technology to $338.00 and gave the company an “overweight” rating in a research report on Monday, November 24th. Stifel Nicolaus upped their price target on shares of Micron Technology from $173.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, September 22nd. Finally, Susquehanna lifted their price objective on Micron Technology from $200.00 to $300.00 and gave the company a “positive” rating in a research note on Monday. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Micron Technology has a consensus rating of “Buy” and an average target price of $232.97.

Check Out Our Latest Report on Micron Technology

Micron Technology Trading Down 2.0%

The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52. The firm has a 50-day moving average of $220.54 and a 200-day moving average of $157.80. The firm has a market capitalization of $290.54 billion, a P/E ratio of 34.05, a price-to-earnings-growth ratio of 0.43 and a beta of 1.54.

Micron Technology (NASDAQ:MUGet Free Report) last announced its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.86 by $0.17. The firm had revenue of $11.32 billion during 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%.During the same quarter in the previous year, the company posted $1.18 earnings per share. The business’s revenue was up 46.1% on a year-over-year basis. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. On average, equities research analysts anticipate that Micron Technology, Inc. will post 6.08 EPS for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd were given a dividend of $0.115 per share. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $0.46 annualized dividend and a yield of 0.2%. Micron Technology’s dividend payout ratio is presently 6.06%.

Insider Activity

In other Micron Technology news, CEO Sanjay Mehrotra sold 3,743 shares of the business’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $233.39, for a total value of $873,578.77. Following the transaction, the chief executive officer owned 396,578 shares in the company, valued at approximately $92,557,339.42. The trade was a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark J. Murphy sold 126,000 shares of the stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $225.31, for a total transaction of $28,389,060.00. Following the sale, the chief financial officer owned 219,693 shares of the company’s stock, valued at approximately $49,499,029.83. This represents a 36.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 392,352 shares of company stock worth $82,994,387 in the last quarter. Insiders own 0.24% of the company’s stock.

Institutional Trading of Micron Technology

Institutional investors and hedge funds have recently bought and sold shares of the stock. REAP Financial Group LLC purchased a new position in shares of Micron Technology during the 3rd quarter worth approximately $25,000. First Command Advisory Services Inc. boosted its position in shares of Micron Technology by 225.0% during the second quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 153 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in Micron Technology in the third quarter worth $27,000. Howard Hughes Medical Institute bought a new position in Micron Technology in the second quarter worth $30,000. Finally, AlphaQuest LLC boosted its holdings in shares of Micron Technology by 13,250.0% during the 2nd quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock valued at $33,000 after buying an additional 265 shares in the last quarter. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

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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