Cantor Fitzgerald Brokers Increase Earnings Estimates for MU

Micron Technology, Inc. (NASDAQ:MU) – Analysts at Cantor Fitzgerald increased their FY2025 earnings per share estimates for Micron Technology in a note issued to investors on Monday, March 31st. Cantor Fitzgerald analyst C. Muse now anticipates that the semiconductor manufacturer will post earnings of $6.26 per share for the year, up from their previous estimate of $6.17. Cantor Fitzgerald currently has a “Overweight” rating and a $130.00 price target on the stock. The consensus estimate for Micron Technology’s current full-year earnings is $6.08 per share.

A number of other analysts have also recently weighed in on MU. KGI Securities raised shares of Micron Technology to a “strong-buy” rating in a research note on Friday, February 21st. Mizuho dropped their price objective on shares of Micron Technology from $135.00 to $115.00 and set an “outperform” rating for the company in a report on Thursday, December 19th. Royal Bank of Canada set a $125.00 price target on shares of Micron Technology in a research note on Wednesday, March 19th. Wedbush reissued an “outperform” rating and issued a $125.00 price objective on shares of Micron Technology in a research note on Monday, March 17th. Finally, Robert W. Baird raised their target price on Micron Technology from $130.00 to $163.00 and gave the stock an “outperform” rating in a research report on Friday, March 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $129.76.

Micron Technology Stock Up 2.1 %

Shares of NASDAQ MU opened at $88.71 on Tuesday. The company has a market cap of $99.14 billion, a price-to-earnings ratio of 25.56 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 stock has a 50-day moving average price of $95.21 and a two-hundred day moving average price of $98.49. Micron Technology has a 12 month low of $83.54 and a 12 month high of $157.54.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Thursday, March 20th. The semiconductor manufacturer reported $1.56 earnings per share (EPS) for the quarter, topping 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 business had revenue of $8.05 billion for the quarter, compared to analyst estimates of $7.93 billion. During the same quarter last year, the business posted $0.42 EPS. The firm’s revenue for the quarter was up 38.2% on a year-over-year basis.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. True Wealth Design LLC grew its stake in Micron Technology by 1,096.3% in the 3rd quarter. True Wealth Design LLC now owns 323 shares of the semiconductor manufacturer’s stock valued at $33,000 after purchasing an additional 296 shares during the period. Erste Asset Management GmbH purchased a new position in shares of Micron Technology in the 3rd quarter worth about $12,638,000. Kestra Investment Management LLC bought a new position in Micron Technology during the third quarter valued at about $338,000. Benjamin Edwards Inc. purchased a new stake in Micron Technology during the third quarter worth about $600,000. Finally, Cinctive Capital Management LP bought a new stake in Micron Technology in the third quarter worth about $1,544,000. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Micron Technology news, Director Mary Pat Mccarthy sold 2,404 shares of Micron Technology 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 transaction, the director now directly owns 27,358 shares of the company’s stock, valued at $2,542,378.94. The trade was a 8.08 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP April S. Arnzen sold 15,000 shares of the stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $96.18, for a total transaction of $1,442,700.00. Following the completion of the sale, the executive vice president now owns 164,769 shares of the company’s stock, valued at approximately $15,847,482.42. This represents a 8.34 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

Micron Technology Dividend Announcement

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 paid 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.