Micron Technology (NASDAQ:MU) Stock Price Down 1.5% – Should You Sell?

Shares of Micron Technology, Inc. (NASDAQ:MU) traded down 1.5% during trading on Monday . The stock traded as low as $236.00 and last traded at $237.50. 25,573,700 shares were traded during mid-day trading, an increase of 9% from the average session volume of 23,557,750 shares. The stock had previously closed at $241.14.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Wedbush increased their price objective on Micron Technology from $220.00 to $300.00 and gave the stock an “outperform” rating in a research note on Monday. Stifel Nicolaus upped their target price on shares of Micron Technology from $195.00 to $300.00 and gave the stock a “buy” rating in a report on Friday. Morgan Stanley lifted their price target on shares of Micron Technology to $338.00 and gave the company an “overweight” rating in a report on Monday, November 24th. Cowen restated a “buy” rating on shares of Micron Technology in a research report on Thursday. Finally, Raymond James Financial upped their price objective on shares of Micron Technology from $150.00 to $190.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 24th. Five analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $239.34.

Micron Technology Trading Down 1.5%

The company has a current ratio of 2.52, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. The stock has a market cap of $266.98 billion, a P/E ratio of 31.29, a price-to-earnings-growth ratio of 0.40 and a beta of 1.54. The business’s fifty day simple moving average is $223.10 and its 200 day simple moving average is $160.42.

Micron Technology (NASDAQ:MU) last announced its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.86 by $0.17. The company had revenue of $11.32 billion for the quarter, compared to analyst estimates of $11.05 billion. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. Micron Technology’s quarterly revenue was up 46.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, analysts expect that Micron Technology, Inc. will post 6.08 EPS for the current year.

Micron Technology Announces Dividend

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

Insider Transactions at Micron Technology

In other Micron Technology news, CFO Mark J. Murphy sold 126,000 shares of the business’s 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 completion of the sale, the chief financial officer directly owned 219,693 shares of the company’s stock, valued at approximately $49,499,029.83. The trade was a 36.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Sanjay Mehrotra sold 3,743 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $233.39, for a total transaction 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. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 392,171 shares of company stock worth $82,965,420. Insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Micron Technology

A number of institutional investors and hedge funds have recently modified their holdings of the business. Orleans Capital Management Corp LA bought a new position in shares of Micron Technology in the second quarter worth $256,000. Cary Street Partners Financial LLC grew its stake in Micron Technology by 25.0% during the second quarter. Cary Street Partners Financial LLC now owns 26,132 shares of the semiconductor manufacturer’s stock worth $3,221,000 after buying an additional 5,233 shares in the last quarter. Wealthspire Advisors LLC increased its holdings in Micron Technology by 27.8% in the 2nd quarter. Wealthspire Advisors LLC now owns 14,754 shares of the semiconductor manufacturer’s stock valued at $1,818,000 after buying an additional 3,208 shares during the period. KLP Kapitalforvaltning AS increased its holdings in Micron Technology by 6.2% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 403,105 shares of the semiconductor manufacturer’s stock valued at $49,683,000 after buying an additional 23,600 shares during the period. Finally, WealthBridge Capital Management LLC acquired a new position in shares of Micron Technology in the 2nd quarter valued at approximately $210,000. 80.84% of the stock is owned by institutional investors.

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.