Wedbush Equities Analysts Boost Earnings Estimates for MU

Micron Technology, Inc. (NASDAQ:MU) – Stock analysts at Wedbush increased their Q4 2026 EPS estimates for Micron Technology in a research report issued on Thursday, June 26th. Wedbush analyst M. Bryson now anticipates that the semiconductor manufacturer will post earnings of $4.86 per share for the quarter, up from their prior estimate of $4.48. Wedbush currently 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.

MU has been the subject of a number of other reports. Royal Bank Of Canada set a $125.00 price target on shares of Micron Technology in a research report on Wednesday, March 19th. Piper Sandler boosted their target price on Micron Technology from $120.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, June 26th. Raymond James Financial raised their price target on Micron Technology from $120.00 to $150.00 and gave the stock an “outperform” rating in a research note on Thursday, June 26th. Robert W. Baird lifted their price target on Micron Technology from $163.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, TD Cowen boosted their price objective on Micron Technology from $125.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, June 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $146.21.

Micron Technology Stock Down 1.2%

MU stock opened at $123.25 on Monday. The stock has a market cap of $137.93 billion, a P/E ratio of 22.21 and a beta of 1.28. The company has a current ratio of 2.75, a quick ratio of 1.89 and a debt-to-equity ratio of 0.30. Micron Technology has a twelve month low of $61.54 and a twelve month high of $137.13. The company’s 50 day moving average is $99.84 and its two-hundred day moving average is $94.30.

Micron Technology (NASDAQ:MU) last released its quarterly earnings data on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.34. Micron Technology had a return on equity of 13.60% and a net margin of 18.41%. The business had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $8.83 billion. During the same quarter in the prior year, the business posted $0.62 EPS.

Institutional Trading of Micron Technology

Several institutional investors and hedge funds have recently modified their holdings of MU. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position in shares of Micron Technology by 3.8% during 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 buying an additional 108 shares during the last quarter. Twin Capital Management Inc. lifted its holdings 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 worth $1,688,000 after acquiring an additional 108 shares during the last quarter. D.B. Root & Company LLC lifted its holdings in 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 worth $262,000 after acquiring an additional 108 shares during the last quarter. Cim Investment Management Inc. boosted its stake in 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 acquiring an additional 114 shares during the period. Finally, Hazlett Burt & Watson Inc. grew its holdings 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 valued at $883,000 after purchasing an additional 119 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Insider Transactions at Micron Technology

In related news, EVP Scott J. Deboer sold 20,000 shares of the business’s stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $125.11, for a total value of $2,502,200.00. Following the sale, the executive vice president directly owned 166,353 shares in the company, valued at $20,812,423.83. The trade was a 10.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sanjay Mehrotra sold 5,210 shares of the firm’s stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $121.35, for a total transaction of $632,233.50. Following the transaction, the chief executive officer owned 379,675 shares of the company’s stock, valued at $46,073,561.25. This trade represents a 1.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 72,404 shares of company stock valued at $8,509,167 in the last three months. 0.30% of the stock is owned by company insiders.

Micron Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Monday, July 7th will be issued a dividend of $0.115 per share. The ex-dividend date of this dividend is Monday, July 7th. This represents a $0.46 annualized dividend and a yield of 0.37%. Micron Technology’s dividend payout ratio is presently 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.