Micron Technology, Inc. (NASDAQ:MU – Get Free Report) was down 1.6% during mid-day trading on Tuesday after Morgan Stanley lowered their price target on the stock from $98.00 to $91.00. Morgan Stanley currently has an equal weight rating on the stock. Micron Technology traded as low as $88.73 and last traded at $89.63. Approximately 11,800,899 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 25,701,277 shares. The stock had previously closed at $91.11.
MU has been the topic of a number of other research reports. Sanford C. Bernstein cut their price objective on shares of Micron Technology from $140.00 to $120.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 18th. TD Cowen cut their price objective on shares of Micron Technology from $135.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Barclays cut their price objective on shares of Micron Technology from $145.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, December 20th. JPMorgan Chase & Co. dropped their price target on shares of Micron Technology from $180.00 to $145.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Finally, Needham & Company LLC dropped their price target on shares of Micron Technology from $140.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat.com, Micron Technology has an average rating of “Moderate Buy” and an average price target of $134.96.
View Our Latest Stock Report on MU
Insider Buying and Selling at Micron Technology
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Highline Wealth Partners LLC purchased a new stake in shares of Micron Technology during the 3rd quarter worth approximately $26,000. Davis Capital Management purchased a new stake in shares of Micron Technology during the 3rd quarter worth approximately $30,000. True Wealth Design LLC lifted its position in shares of Micron Technology by 1,096.3% during the 3rd quarter. True Wealth Design LLC now owns 323 shares of the semiconductor manufacturer’s stock worth $33,000 after buying an additional 296 shares during the last quarter. DT Investment Partners LLC lifted its position in shares of Micron Technology by 261.1% during the 3rd quarter. DT Investment Partners LLC now owns 325 shares of the semiconductor manufacturer’s stock worth $34,000 after buying an additional 235 shares during the last quarter. Finally, Stone House Investment Management LLC lifted its position in shares of Micron Technology by 602.2% during the 3rd quarter. Stone House Investment Management LLC now owns 323 shares of the semiconductor manufacturer’s stock worth $34,000 after buying an additional 277 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.
Micron Technology Stock Up 0.9 %
The firm has a market cap of $99.21 billion, a PE ratio of 25.66 and a beta of 1.18. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.75 and a current ratio of 2.72. The firm’s 50-day moving average price is $98.04 and its two-hundred day moving average price is $100.48.
Micron Technology (NASDAQ:MU – Get Free Report) last issued its quarterly earnings data on Wednesday, December 18th. The semiconductor manufacturer reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.19. Micron Technology had a net margin of 13.34% and a return on equity of 8.32%. The business had revenue of $8.71 billion during the quarter, compared to the consensus estimate of $8.71 billion. During the same quarter in the previous year, the firm earned ($0.95) EPS. The company’s revenue was up 84.3% compared to the same quarter last year. As a group, equities research analysts expect that Micron Technology, Inc. will post 6.29 EPS for the current fiscal year.
Micron Technology Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 30th were given a $0.115 dividend. The ex-dividend date was Monday, December 30th. This represents a $0.46 annualized dividend and a yield of 0.52%. Micron Technology’s dividend payout ratio (DPR) is 13.26%.
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.
Read More
- Five stocks we like better than Micron Technology
- How to Know Which Cryptocurrency to Buy: A Guide for Investors
- How to Short Sell Stocks Like a Pro: Strategies and Tips
- What is Forex and How Does it Work?
- 3 Steel Stocks Soaring After Tariff Announcements
- What is a support level?
- Top Analysts’ Picks for 2025: 3 of Morgan Stanley’s Favorites
Receive News & Ratings for Micron Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Micron Technology and related companies with MarketBeat.com's FREE daily email newsletter.