Micron Technology (NASDAQ:MU) Releases Q3 Earnings Guidance

Micron Technology (NASDAQ:MU) issued an update on its third quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 1.47-1.67 for the period, compared to the consensus estimate of $1.52. The company issued revenue guidance of 8.60-9.0, compared to the consensus revenue estimate of $8.48 billion. Micron Technology also updated its Q3 2025 guidance to 1.470-1.670 EPS.

Analyst Ratings Changes

Several equities research analysts recently commented on MU shares. Needham & Company LLC decreased their price objective 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. Robert W. Baird reduced their target price on Micron Technology from $150.00 to $130.00 and set an “outperform” rating on the stock in a research report on Thursday, December 19th. The Goldman Sachs Group decreased their price target on shares of Micron Technology from $145.00 to $128.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. JPMorgan Chase & Co. dropped their target price on shares of Micron Technology from $180.00 to $145.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. Finally, Morgan Stanley cut their price objective on Micron Technology from $98.00 to $91.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $134.16.

Micron Technology Stock Up 0.9 %

NASDAQ:MU opened at $103.00 on Friday. Micron Technology has a 52 week low of $83.54 and a 52 week high of $157.54. 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 stock has a 50 day moving average of $96.92 and a 200-day moving average of $98.22. The firm has a market capitalization of $114.76 billion, a PE ratio of 29.68 and a beta of 1.23.

Micron Technology (NASDAQ:MU) last released its quarterly earnings data on Thursday, March 20th. The semiconductor manufacturer reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.13. The business had revenue of $8.05 billion for the quarter, compared to analysts’ expectations of $7.93 billion. Micron Technology had a net margin of 13.34% and a return on equity of 8.32%. The company’s revenue for the quarter was up 38.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.42 EPS. Analysts predict that Micron Technology will post 6.08 EPS for the current year.

Insider Transactions at Micron Technology

In related news, Director Mary Pat Mccarthy sold 2,404 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $92.93, for a total value of $223,403.72. Following the completion of the sale, the director now owns 27,358 shares of the company’s stock, valued at $2,542,378.94. This represents a 8.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Micron Technology stock. Brighton Jones LLC lifted its position in Micron Technology, Inc. (NASDAQ:MU) by 18.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,318 shares of the semiconductor manufacturer’s stock after buying an additional 976 shares during the period. Brighton Jones LLC’s holdings in Micron Technology were worth $532,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 80.84% of the company’s stock.

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.