Micron Technology (NASDAQ:MU) Announces Earnings Results

Micron Technology (NASDAQ:MU) posted its quarterly earnings results on Thursday. The semiconductor manufacturer reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.13, Briefing.com reports. 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 during the quarter, compared to analyst estimates of $7.93 billion. During the same period in the prior year, the business posted $0.42 EPS. The firm’s revenue was up 38.2% compared to the same quarter last year. Micron Technology updated its Q3 guidance to 1.47-1.67 EPS and its Q3 2025 guidance to 1.470-1.670 EPS.

Micron Technology Stock Up 0.9 %

MU stock opened at $103.00 on Friday. The stock has a market capitalization of $114.76 billion, a P/E ratio of 29.68 and a beta of 1.23. Micron Technology has a 52 week low of $83.54 and a 52 week high of $157.54. The firm has a 50-day simple moving average of $96.92 and a 200-day simple moving average of $98.22. The company has a quick ratio of 1.75, a current ratio of 2.72 and a debt-to-equity ratio of 0.28.

Insiders Place Their Bets

In other news, Director Mary Pat Mccarthy sold 2,404 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $92.93, for a total transaction 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Micron Technology

A hedge fund recently raised its stake in Micron Technology stock. Brighton Jones LLC raised its holdings in shares of Micron Technology, Inc. (NASDAQ:MU) by 18.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,318 shares of the semiconductor manufacturer’s stock after acquiring an additional 976 shares during the quarter. Brighton Jones LLC’s holdings in Micron Technology were worth $532,000 as of its most recent filing with the SEC. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MU. Stifel Nicolaus lowered their price target on shares of Micron Technology from $135.00 to $130.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. JPMorgan Chase & Co. lowered their price objective on Micron Technology from $180.00 to $145.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. KGI Securities raised Micron Technology to a “strong-buy” rating in a research report on Friday, February 21st. Sanford C. Bernstein decreased their price target on Micron Technology from $140.00 to $120.00 and set an “outperform” rating for the company in a research note on Wednesday, December 18th. Finally, The Goldman Sachs Group dropped their price objective on Micron Technology from $145.00 to $128.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $134.32.

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.