Micron Technology (NASDAQ:MU) Price Target Raised to $1,200.00 at Citigroup

Micron Technology (NASDAQ:MU) had its target price hoisted by investment analysts at Citigroup from $840.00 to $1,200.00 in a note issued to investors on Wednesday. The brokerage presently has a “buy” rating on the semiconductor manufacturer’s stock. Citigroup’s price objective points to a potential upside of 17.56% from the company’s previous close.

MU has been the subject of several other research reports. Susquehanna raised their target price on Micron Technology from $600.00 to $1,750.00 and gave the stock a “positive” rating in a research note on Friday, May 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Micron Technology in a research note on Tuesday, May 12th. Summit Insights lowered shares of Micron Technology from a “buy” rating to a “hold” rating in a research note on Thursday, March 19th. Royal Bank Of Canada lifted their price target on shares of Micron Technology from $525.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Monday. Finally, UBS Group upped their price objective on shares of Micron Technology from $535.00 to $1,625.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Five investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $831.80.

Micron Technology Trading Down 6.2%

Shares of MU opened at $1,020.76 on Wednesday. The firm has a market capitalization of $1.15 trillion, a P/E ratio of 48.19 and a beta of 2.16. Micron Technology has a 12-month low of $103.38 and a 12-month high of $1,110.40. The company has a current ratio of 2.90, a quick ratio of 2.32 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average price of $705.11 and a 200 day moving average price of $476.85.

Micron Technology (NASDAQ:MU) last posted its earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.19 by $3.01. The company had revenue of $23.86 billion during the quarter, compared to analysts’ expectations of $19.97 billion. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.The firm’s quarterly revenue was up 196 compared to the same quarter last year. During the same quarter last year, the firm earned $1.56 earnings per share. Sell-side analysts forecast that Micron Technology will post 59.23 EPS for the current year.

Insider Activity at Micron Technology

In other news, CEO Sanjay Mehrotra sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $536.26, for a total value of $21,450,400.00. Following the completion of the transaction, the chief executive officer owned 424,503 shares of the company’s stock, valued at approximately $227,643,978.78. This trade represents a 8.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Sumit Sadana sold 24,000 shares of the firm’s stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the completion of the transaction, the executive vice president directly owned 224,021 shares of the company’s stock, valued at approximately $94,391,248.35. The trade was a 9.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 146,000 shares of company stock valued at $85,486,715. 0.24% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Micron Technology in the first quarter valued at approximately $27,000. High Note Wealth LLC boosted its stake in shares of Micron Technology by 65.4% in the fourth quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 34 shares during the period. Elevation Wealth Partners LLC boosted its stake in shares of Micron Technology by 295.8% in the fourth quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 71 shares during the period. Steigerwald Gordon & Koch Inc. boosted its stake in shares of Micron Technology by 4,800.0% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock valued at $28,000 after purchasing an additional 96 shares during the period. Finally, Bayban purchased a new position in shares of Micron Technology in the fourth quarter valued at approximately $29,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Key Stories Impacting Micron Technology

Here are the key news stories impacting Micron Technology this week:

• Positive Sentiment: Wall Street remains constructive on Micron’s AI-memory exposure, with multiple reports highlighting strong DRAM and HBM demand, tight supply, and pricing power that could support earnings through 2026 and beyond.
• Positive Sentiment: Several analysts raised price targets or reiterated bullish views, including TD Cowen and other firms pointing to higher DRAM demand, longer pricing strength, and meaningful upside even after Micron’s massive rally.
• Positive Sentiment: Recent commentary ahead of Micron’s June 24 earnings report suggests consensus may still be too conservative, with previews calling for strong Q3 revenue and EPS growth driven by AI infrastructure spending.
• Positive Sentiment: Micron was also boosted by broader enthusiasm for semiconductor and memory stocks, including articles citing AI-driven supercycle optimism and record-high momentum in the group. Article Title
• Neutral Sentiment: The stock has had an extraordinary move already, so some investors are taking profits and waiting for the June 24 earnings release to confirm whether AI demand can keep justifying the current valuation.
• Negative Sentiment: Bears are warning that Micron may be near “peak earnings power,” arguing the cycle could eventually cool and that the shares now reflect very optimistic expectations, which increases the risk of a pullback if results merely meet, rather than beat, forecasts. Article Title

Micron Technology Company Profile

Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.