Micron Technology (MU) to Release Earnings on Thursday

Micron Technology (NASDAQ:MU - Get Free Report) is anticipated to announce its earnings results after the market closes on Thursday, March 20th. Analysts expect the company to announce earnings of $1.43 per share and revenue of $7.93 billion for the quarter. Micron Technology has set its Q2 2025 guidance at 1.330-1.530 EPS and its Q2 guidance at $1.33-$1.53 EPS.Parties that are interested in participating in the company's conference call can do so using this link.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its quarterly earnings results on Wednesday, December 18th. The semiconductor manufacturer reported $1.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.60 by $0.19. The firm had revenue of $8.71 billion during the quarter, compared to the consensus estimate of $8.71 billion. Micron Technology had a return on equity of 8.32% and a net margin of 13.34%. The firm's quarterly revenue was up 84.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.95) earnings per share. On average, analysts expect Micron Technology to post $6 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Micron Technology Trading Up 7.4 %

Shares of MU stock opened at $95.64 on Thursday. The company has a quick ratio of 1.75, a current ratio of 2.72 and a debt-to-equity ratio of 0.28. Micron Technology has a fifty-two week low of $83.54 and a fifty-two week high of $157.54. The firm's 50 day moving average price is $96.35 and its two-hundred day moving average price is $98.06. The stock has a market cap of $106.56 billion, a price-to-earnings ratio of 27.56 and a beta of 1.23.

Micron Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 30th were issued a dividend of $0.115 per share. The ex-dividend date was Monday, December 30th. This represents a $0.46 annualized dividend and a dividend yield of 0.48%. Micron Technology's payout ratio is 13.26%.

Analysts Set New Price Targets

Several research analysts have commented on the company. JPMorgan Chase & Co. cut their price objective on Micron Technology from $180.00 to $145.00 and set an "overweight" rating on the stock in a research report on Thursday, December 19th. UBS Group dropped their target price on Micron Technology from $135.00 to $125.00 and set a "buy" rating on the stock in a report on Thursday, December 19th. Needham & Company LLC reduced their price target on Micron Technology from $140.00 to $120.00 and set a "buy" rating on the stock in a research report on Thursday, December 19th. Wedbush reaffirmed an "outperform" rating and issued a $140.00 price objective on shares of Micron Technology in a research report on Tuesday, December 17th. Finally, TD Cowen dropped their price objective on shares of Micron Technology from $135.00 to $125.00 and set a "buy" rating on the stock in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Micron Technology presently has an average rating of "Moderate Buy" and a consensus target price of $134.96.

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Insider Activity at Micron Technology

In other Micron Technology news, Director Mary Pat Mccarthy sold 2,404 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $92.93, for a total value of $223,403.72. Following the sale, the director now directly owns 27,358 shares in the company, valued at approximately $2,542,378.94. The trade was a 8.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP April S. Arnzen sold 4,890 shares of the firm's stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $85.21, for a total transaction of $416,676.90. Following the transaction, the executive vice president now owns 181,223 shares of the company's stock, valued at approximately $15,442,011.83. This trade represents a 2.63 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.30% of the company's stock.

Institutional Trading of Micron Technology

A hedge fund recently raised its stake in Micron Technology stock. Brighton Jones LLC grew its stake in shares of Micron Technology, Inc. (NASDAQ:MU - Free Report) by 18.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 6,318 shares of the semiconductor manufacturer's stock after acquiring an additional 976 shares during the period. Brighton Jones LLC's holdings in Micron Technology were worth $532,000 at the end of the most recent reporting period. Institutional investors own 80.84% 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.

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