FY2025 Earnings Estimate for MU Issued By Cantor Fitzgerald

Micron Technology, Inc. (NASDAQ:MU) – Investment analysts at Cantor Fitzgerald issued their FY2025 earnings per share (EPS) estimates for shares of Micron Technology in a report issued on Tuesday, January 21st. Cantor Fitzgerald analyst C. Muse expects that the semiconductor manufacturer will earn $6.51 per share for the year. Cantor Fitzgerald currently has a “Overweight” rating and a $130.00 target price on the stock. The consensus estimate for Micron Technology’s current full-year earnings is $6.29 per share.

MU has been the subject of several other reports. TD Cowen reduced their price objective on Micron Technology from $135.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. Barclays reduced their price target on Micron Technology from $145.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, December 20th. Wedbush reaffirmed an “outperform” rating and set a $140.00 price objective on shares of Micron Technology in a research report on Tuesday, December 17th. Wells Fargo & Company reduced their target price on shares of Micron Technology from $175.00 to $140.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Finally, Robert W. Baird dropped their price target on shares of Micron Technology from $150.00 to $130.00 and set an “outperform” rating for the company in a research report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $135.24.

Micron Technology Stock Down 1.6 %

Shares of MU stock opened at $103.19 on Thursday. The company has a current ratio of 2.72, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28. Micron Technology has a 12 month low of $79.15 and a 12 month high of $157.54. The stock has a market cap of $114.97 billion, a P/E ratio of 29.74 and a beta of 1.18. The company has a 50 day simple moving average of $98.22 and a two-hundred day simple moving average of $101.72.

Micron Technology (NASDAQ:MU) last announced its earnings results on Wednesday, December 18th. The semiconductor manufacturer reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.19. Micron Technology had a return on equity of 8.32% and a net margin of 13.34%. The business had revenue of $8.71 billion for the quarter, compared to analysts’ expectations of $8.71 billion. During the same period last year, the firm posted ($0.95) earnings per share. The business’s revenue for the quarter was up 84.3% on a year-over-year basis.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MU. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Micron Technology by 17.4% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,163 shares of the semiconductor manufacturer’s stock valued at $547,000 after acquiring an additional 618 shares during the period. Gabelli Funds LLC grew its stake in Micron Technology by 1.8% in the second quarter. Gabelli Funds LLC now owns 22,705 shares of the semiconductor manufacturer’s stock valued at $2,986,000 after purchasing an additional 405 shares during the last quarter. Public Sector Pension Investment Board raised its holdings in Micron Technology by 73.2% in the second quarter. Public Sector Pension Investment Board now owns 42,583 shares of the semiconductor manufacturer’s stock worth $5,601,000 after purchasing an additional 17,997 shares in the last quarter. Magnetar Financial LLC purchased a new stake in shares of Micron Technology during the second quarter valued at about $231,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Micron Technology by 60.4% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 212,107 shares of the semiconductor manufacturer’s stock valued at $27,898,000 after buying an additional 79,865 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, EVP April S. Arnzen sold 4,890 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $85.21, for a total value of $416,676.90. Following the sale, the executive vice president now owns 181,223 shares in the company, valued at $15,442,011.83. This trade represents a 2.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.30% of the company’s stock.

Micron Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th were paid a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend was Monday, December 30th. Micron Technology’s payout ratio is currently 13.26%.

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.