Micron Technology’s (MU) Buy Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reissued their buy rating on shares of Micron Technology (NASDAQ:MU) in a research note released on Monday morning,Benzinga reports. They currently have a $300.00 target price on the semiconductor manufacturer’s stock.

Other equities research analysts have also recently issued research reports about the company. TD Cowen raised their target price on Micron Technology from $200.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, November 19th. CLSA began coverage on Micron Technology in a report on Wednesday, August 27th. They set an “outperform” rating and a $155.00 price target for the company. Stifel Nicolaus raised their price objective on Micron Technology from $195.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Micron Technology from $200.00 to $280.00 and gave the company a “buy” rating in a research report on Tuesday, December 9th. Finally, BNP Paribas Exane upgraded shares of Micron Technology from an “underperform” rating to an “outperform” rating and set a $270.00 price target for the company in a research report on Monday, October 13th. Five research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $247.18.

Micron Technology Price Performance

Micron Technology stock opened at $225.52 on Monday. 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 company has a 50-day moving average price of $225.54 and a 200 day moving average price of $162.83. Micron Technology has a 12-month low of $61.54 and a 12-month high of $264.75. The stock has a market cap of $253.51 billion, a P/E ratio of 29.71, a PEG ratio of 0.34 and a beta of 1.54.

Micron Technology (NASDAQ:MU) last posted its earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share for the quarter, beating the consensus estimate of $3.77 by $1.01. The company had revenue of $13.64 billion for the quarter, compared to analyst estimates of $12.62 billion. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. Micron Technology’s revenue was up 56.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.79 EPS. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. Sell-side analysts anticipate that Micron Technology will post 6.08 earnings per share for the current year.

Micron Technology Dividend Announcement

The business also recently disclosed 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 was Friday, October 3rd. Micron Technology’s dividend payout ratio (DPR) is presently 6.06%.

Insider Buying and Selling

In related news, CFO Mark J. Murphy sold 126,000 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $225.31, for a total transaction of $28,389,060.00. Following the sale, the chief financial officer directly owned 219,693 shares in the company, valued at approximately $49,499,029.83. This represents a 36.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Scott J. Deboer sold 82,000 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $222.81, for a total transaction of $18,270,420.00. Following the completion of the sale, the executive vice president directly owned 154,145 shares in the company, valued at approximately $34,345,047.45. This trade represents a 34.72% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 383,650 shares of company stock valued at $81,602,339. Corporate insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Painted Porch Advisors LLC acquired a new stake in Micron Technology during the 3rd quarter worth $77,000. Strategic Investment Solutions Inc. IL grew its holdings in shares of Micron Technology by 77.3% during the third quarter. Strategic Investment Solutions Inc. IL now owns 484 shares of the semiconductor manufacturer’s stock worth $81,000 after purchasing an additional 211 shares during the last quarter. Severin Investments LLC acquired a new stake in shares of Micron Technology during the third quarter worth about $475,000. Allworth Financial LP increased its position in shares of Micron Technology by 19.9% during the third quarter. Allworth Financial LP now owns 31,079 shares of the semiconductor manufacturer’s stock worth $5,200,000 after purchasing an additional 5,155 shares in the last quarter. Finally, IFP Advisors Inc lifted its holdings in shares of Micron Technology by 1.4% in the 3rd quarter. IFP Advisors Inc now owns 16,159 shares of the semiconductor manufacturer’s stock valued at $2,705,000 after purchasing an additional 223 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.

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.