Micron Technology (NASDAQ:MU) Issues Q2 Earnings Guidance

Micron Technology (NASDAQ:MU) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.33-$1.53 for the period, compared to the consensus earnings per share estimate of $1.91. The company issued revenue guidance of $7.70-$8.10 billion, compared to the consensus revenue estimate of $8.94 billion. Micron Technology also updated its Q2 2025 guidance to 1.330-1.530 EPS.

Micron Technology Trading Down 4.3 %

Shares of MU stock traded down $4.70 during mid-day trading on Wednesday, hitting $103.90. The company’s stock had a trading volume of 55,109,926 shares, compared to its average volume of 21,587,891. The company has a market cap of $115.75 billion, a PE ratio of 152.80 and a beta of 1.16. Micron Technology has a 52 week low of $78.63 and a 52 week high of $157.54. The company’s fifty day simple moving average is $103.80 and its 200-day simple moving average is $109.12. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.68 and a current ratio of 2.64.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Wednesday, December 18th. The semiconductor manufacturer reported $1.79 EPS for the quarter, beating the consensus estimate of $1.60 by $0.19. The business had revenue of $8.71 billion for the quarter, compared to the consensus estimate of $8.71 billion. Micron Technology had a return on equity of 1.58% and a net margin of 3.10%. Micron Technology’s revenue for the quarter was up 84.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.95) earnings per share. As a group, equities research analysts expect that Micron Technology will post 8.31 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Monday, October 7th were issued a dividend of $0.115 per share. The ex-dividend date of this dividend was Monday, October 7th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.44%. Micron Technology’s dividend payout ratio (DPR) is 67.65%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MU. Morgan Stanley upped their target price on shares of Micron Technology from $100.00 to $114.00 and gave the company an “equal weight” rating in a research note on Thursday, September 26th. Wells Fargo & Company dropped their target price on shares of Micron Technology from $190.00 to $175.00 and set an “overweight” rating for the company in a research report on Wednesday, September 18th. Needham & Company LLC restated a “buy” rating and set a $140.00 price objective on shares of Micron Technology in a research report on Thursday, September 26th. Wedbush reaffirmed an “outperform” rating and set a $140.00 price objective on shares of Micron Technology in a report on Tuesday. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $150.00 price target on shares of Micron Technology in a research report on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $142.21.

Insider Activity

In other 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 completion of the sale, the executive vice president now directly owns 135,830 shares of the company’s stock, valued at approximately $15,348,790. This represents a 3.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.30% 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.