Micron Technology (NASDAQ:MU) Posts Earnings Results, Beats Expectations By $0.13 EPS

Micron Technology (NASDAQ:MU) announced its quarterly earnings data on Thursday. The semiconductor manufacturer reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.13, Briefing.com reports. Micron Technology had a return on equity of 8.32% and a net margin of 13.34%. The company had revenue of $8.05 billion for the quarter, compared to analysts’ expectations of $7.93 billion. During the same quarter in the prior year, the business posted $0.42 EPS. The business’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 Price Performance

Micron Technology stock opened at $94.72 on Friday. 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 company has a market capitalization of $105.53 billion, a PE ratio of 27.30 and a beta of 1.23. Micron Technology has a 12 month low of $83.54 and a 12 month high of $157.54. The stock has a 50-day moving average price of $96.82 and a two-hundred day moving average price of $98.21.

Micron Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.115 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.46 annualized dividend and a yield of 0.49%. Micron Technology’s dividend payout ratio is presently 13.26%.

Analyst Ratings Changes

A number of research firms recently weighed in on MU. Citigroup dropped their price target on Micron Technology from $150.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday. KGI Securities upgraded Micron Technology to a “strong-buy” rating in a research note on Friday, February 21st. Stifel Nicolaus dropped their price target on Micron Technology from $135.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Morgan Stanley upped their price objective on Micron Technology from $91.00 to $112.00 and gave the company an “equal weight” rating in a report on Friday. Finally, Bank of America lowered Micron Technology from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $125.00 to $110.00 in a report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $132.63.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, Director Mary Pat Mccarthy sold 2,404 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $92.93, for a total value of $223,403.72. Following the completion of the transaction, the director now directly owns 27,358 shares in the company, valued at approximately $2,542,378.94. This trade represents a 8.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Micron Technology

A hedge fund recently raised its stake in Micron Technology stock. Brighton Jones LLC lifted its stake in shares of Micron Technology, Inc. (NASDAQ:MU) by 18.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 Securities and Exchange Commission (SEC). 80.84% of the stock is currently owned by hedge funds and other institutional investors.

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.