Q3 EPS Estimate for Micron Technology Decreased by Analyst

Micron Technology, Inc. (NASDAQ:MU) – Research analysts at Wedbush cut their Q3 2026 earnings per share estimates for Micron Technology in a research note issued on Thursday, December 19th. Wedbush analyst M. Bryson now anticipates that the semiconductor manufacturer will post earnings per share of $3.59 for the quarter, down from their previous estimate of $3.89. Wedbush has a “Outperform” rating and a $140.00 price objective on the stock. The consensus estimate for Micron Technology’s current full-year earnings is $8.31 per share. Wedbush also issued estimates for Micron Technology’s Q4 2026 earnings at $3.90 EPS.

MU has been the topic of several other reports. Robert W. Baird decreased their target price on shares of Micron Technology from $150.00 to $130.00 and set an “outperform” rating on the stock in a report on Thursday. TD Cowen dropped their price objective on shares of Micron Technology from $135.00 to $125.00 and set a “buy” rating for the company in a report on Thursday. Wells Fargo & Company decreased their price objective on Micron Technology from $175.00 to $140.00 and set an “overweight” rating for the company in a research note on Thursday. UBS Group cut their price target on Micron Technology from $135.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Raymond James upped their target price on shares of Micron Technology from $125.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $135.24.

Micron Technology Trading Up 3.5 %

MU opened at $90.12 on Monday. The company’s 50 day simple moving average is $103.14 and its two-hundred day simple moving average is $108.54. The firm has a market capitalization of $100.40 billion, a price-to-earnings ratio of 132.53 and a beta of 1.16. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.64 and a quick ratio of 1.68. Micron Technology has a 1-year low of $79.15 and a 1-year high of $157.54.

Micron Technology (NASDAQ:MU) last announced its earnings results on Wednesday, December 18th. The semiconductor manufacturer reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.19. Micron Technology had a return on equity of 1.58% and a net margin of 3.10%. The business had revenue of $8.71 billion during the quarter, compared to analysts’ expectations of $8.71 billion. During the same quarter in the prior year, the firm earned ($0.95) earnings per share. The business’s revenue was up 84.3% compared to the same quarter last year.

Micron Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th will be given a dividend of $0.115 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a $0.46 dividend on an annualized basis and a yield of 0.51%. Micron Technology’s payout ratio is 13.26%.

Insider Transactions at Micron Technology

In other Micron Technology news, EVP April S. Arnzen sold 4,890 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $113.00, for a total value of $552,570.00. Following the transaction, the executive vice president now directly owns 135,830 shares in the company, valued at approximately $15,348,790. This represents a 3.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of MU. Allspring Global Investments Holdings LLC increased its stake in Micron Technology by 2.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 495,006 shares of the semiconductor manufacturer’s stock worth $65,108,000 after acquiring an additional 12,975 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in Micron Technology by 8.4% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 179,754 shares of the semiconductor manufacturer’s stock valued at $23,643,000 after purchasing an additional 13,950 shares in the last quarter. Atomi Financial Group Inc. increased its stake in shares of Micron Technology by 77.0% in the second quarter. Atomi Financial Group Inc. now owns 10,786 shares of the semiconductor manufacturer’s stock worth $1,419,000 after buying an additional 4,693 shares during the last quarter. Patriot Financial Group Insurance Agency LLC increased its position in shares of Micron Technology by 28.4% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 3,792 shares of the semiconductor manufacturer’s stock worth $499,000 after purchasing an additional 839 shares during the last quarter. Finally, Klein Pavlis & Peasley Financial Inc. acquired a new stake in Micron Technology during the second quarter valued at approximately $232,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.

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.