Micron Technology (NASDAQ:MU) Shares Down 3% – What’s Next?

Micron Technology, Inc. (NASDAQ:MU) shares were down 3% on Wednesday . The company traded as low as $221.69 and last traded at $225.52. Approximately 35,518,920 shares changed hands during trading, an increase of 50% from the average daily volume of 23,606,766 shares. The stock had previously closed at $232.51.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Wolfe Research increased their target price on Micron Technology from $200.00 to $300.00 and gave the company an “outperform” rating in a report on Tuesday, December 2nd. Stifel Nicolaus upped their price objective on Micron Technology from $195.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, December 12th. BNP Paribas Exane raised Micron Technology from an “underperform” rating to an “outperform” rating and set a $270.00 price objective on the stock in a research note on Monday, October 13th. Cantor Fitzgerald boosted their target price on shares of Micron Technology from $185.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, September 24th. Finally, HSBC initiated coverage on shares of Micron Technology in a report on Tuesday, December 9th. They issued a “buy” rating and a $330.00 target price on the stock. Five analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $242.79.

Micron Technology Trading Down 2.9%

The firm has a market capitalization of $253.73 billion, a price-to-earnings ratio of 29.74, a price-to-earnings-growth ratio of 0.38 and a beta of 1.54. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26. The firm’s 50 day moving average is $224.96 and its 200 day moving average is $162.38.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.17. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The company had revenue of $11.32 billion for the quarter, compared to analysts’ expectations of $11.05 billion. During the same quarter in the prior year, the company earned $1.18 earnings per share. The firm’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. Equities analysts forecast that Micron Technology, Inc. will post 6.08 earnings per share for the current year.

Micron Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Friday, October 3rd were issued a dividend of $0.115 per share. 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 is currently 6.06%.

Insider Buying and Selling

In related news, EVP April S. Arnzen sold 15,000 shares of Micron Technology stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $164.04, for a total value of $2,460,600.00. Following the transaction, the executive vice president owned 131,580 shares of the company’s stock, valued at approximately $21,584,383.20. This trade represents a 10.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Scott J. Deboer sold 82,000 shares of the business’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $222.81, for a total value of $18,270,420.00. Following the sale, the executive vice president owned 154,145 shares in the company, valued at approximately $34,345,047.45. The trade was a 34.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 384,852 shares of company stock worth $81,806,895. Company insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On Micron Technology

Several institutional investors and hedge funds have recently bought and sold shares of MU. REAP Financial Group LLC acquired a new stake in shares of Micron Technology during the third quarter worth approximately $25,000. First Command Advisory Services Inc. lifted its position in Micron Technology by 225.0% in the 2nd quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock worth $27,000 after buying an additional 153 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in Micron Technology in the 3rd quarter worth approximately $27,000. Howard Hughes Medical Institute acquired a new stake in shares of Micron Technology during the 2nd quarter valued at $30,000. Finally, AlphaQuest LLC grew 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 acquiring an additional 265 shares in the last quarter. Hedge funds and other institutional investors 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.