FY2025 EPS Forecast for Micron Technology Raised by Analyst

Micron Technology, Inc. (NASDAQ:MU) – Equities research analysts at Cantor Fitzgerald raised their FY2025 earnings per share (EPS) estimates for shares of Micron Technology in a report released on Monday, March 31st. Cantor Fitzgerald analyst C. Muse now expects that the semiconductor manufacturer will post earnings of $6.26 per share for the year, up from their previous forecast of $6.17. Cantor Fitzgerald currently has a “Overweight” rating and a $130.00 target price on the stock. The consensus estimate for Micron Technology’s current full-year earnings is $6.08 per share.

Other equities research analysts also recently issued reports about the stock. Wedbush restated an “outperform” rating and issued a $125.00 target price on shares of Micron Technology in a report on Monday, March 17th. Sanford C. Bernstein decreased their price target on shares of Micron Technology from $140.00 to $120.00 and set an “outperform” rating on the stock in a report on Wednesday, December 18th. Citigroup dropped their price objective on Micron Technology from $150.00 to $120.00 and set a “buy” rating for the company in a report on Friday, March 21st. Morgan Stanley lifted their target price on Micron Technology from $91.00 to $112.00 and gave the company an “equal weight” rating in a report on Friday, March 21st. Finally, Wells Fargo & Company dropped their price target on Micron Technology from $140.00 to $130.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $129.76.

Micron Technology Trading Down 0.1 %

Shares of MU stock opened at $88.60 on Tuesday. The company has a market capitalization of $99.02 billion, a price-to-earnings ratio of 25.53 and a beta of 1.23. The company has a current ratio of 2.72, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28. The firm has a 50-day moving average price of $94.80 and a 200 day moving average price of $98.42. Micron Technology has a twelve month low of $83.54 and a twelve month high of $157.54.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Thursday, March 20th. The semiconductor manufacturer reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.13. Micron Technology had a net margin of 13.34% and a return on equity of 8.32%. The company had revenue of $8.05 billion for the quarter, compared to the consensus estimate of $7.93 billion. During the same quarter in the prior year, the firm earned $0.42 earnings per share. The company’s revenue for the quarter was up 38.2% compared to the same quarter last year.

Institutional Trading of Micron Technology

A number of hedge funds and other institutional investors have recently made changes to their positions in MU. Harmony Asset Management LLC lifted its holdings in shares of Micron Technology by 75.6% during the third quarter. Harmony Asset Management LLC now owns 11,889 shares of the semiconductor manufacturer’s stock valued at $1,233,000 after purchasing an additional 5,120 shares during the last quarter. E Fund Management Co. Ltd. raised its holdings in Micron Technology by 31.8% during the 4th quarter. E Fund Management Co. Ltd. now owns 36,378 shares of the semiconductor manufacturer’s stock worth $3,062,000 after buying an additional 8,780 shares during the period. Stablepoint Partners LLC purchased a new stake in Micron Technology during the fourth quarter valued at about $569,000. State Street Corp lifted its stake in Micron Technology by 3.1% during the third quarter. State Street Corp now owns 48,226,710 shares of the semiconductor manufacturer’s stock valued at $5,001,592,000 after buying an additional 1,434,568 shares in the last quarter. Finally, Main Management ETF Advisors LLC acquired a new position in shares of Micron Technology in the third quarter worth about $2,414,000. 80.84% of the stock is currently owned by institutional investors.

Insider Transactions at Micron Technology

In related news, EVP April S. Arnzen sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $96.18, for a total transaction of $1,442,700.00. Following the sale, the executive vice president now owns 164,769 shares of the company’s stock, valued at $15,847,482.42. The trade was a 8.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary Pat Mccarthy sold 2,404 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $92.93, for a total value of $223,403.72. Following the transaction, the director now directly owns 27,358 shares of the company’s stock, valued at approximately $2,542,378.94. The trade was a 8.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.30% of the company’s stock.

Micron Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.115 per share. The ex-dividend date is Monday, March 31st. This represents a $0.46 dividend on an annualized basis and a yield of 0.52%. Micron Technology’s dividend payout ratio (DPR) is presently 11.03%.

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.