Micron Technology (NASDAQ:MU) Price Target Raised to $300.00

Micron Technology (NASDAQ:MU) had its price target upped by stock analysts at Wolfe Research from $200.00 to $300.00 in a research note issued on Tuesday. The brokerage currently has an “outperform” rating on the semiconductor manufacturer’s stock. Wolfe Research’s target price would suggest a potential upside of 24.02% from the company’s previous close.

A number of other equities research analysts have also issued reports on MU. Bank of America increased their price objective on shares of Micron Technology from $140.00 to $180.00 and gave the company a “neutral” rating in a report on Wednesday, September 24th. KeyCorp lifted their target price on Micron Technology from $160.00 to $215.00 and gave the stock an “overweight” rating in a report on Wednesday, September 24th. Weiss Ratings upgraded Micron Technology from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Saturday, November 1st. Morgan Stanley lifted their price objective on Micron Technology to $338.00 and gave the stock an “overweight” rating in a research note on Monday, November 24th. Finally, Stifel Nicolaus increased their target price on Micron Technology from $173.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, September 22nd. Five analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $220.39.

Micron Technology Stock Performance

Shares of NASDAQ MU opened at $241.90 on Tuesday. Micron Technology has a 1 year low of $61.54 and a 1 year high of $260.58. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79. The stock has a market cap of $271.93 billion, a PE ratio of 32.05, a price-to-earnings-growth ratio of 0.51 and a beta of 1.62. The firm has a fifty day moving average price of $209.64 and a 200-day moving average price of $151.02.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 EPS for the quarter, beating the consensus estimate of $2.86 by $0.17. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The business had revenue of $11.32 billion for the quarter, compared to the consensus estimate of $11.05 billion. During the same period in the previous year, the business earned $1.18 earnings per share. The business’s revenue was up 46.1% on a year-over-year basis. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Equities analysts anticipate that Micron Technology will post 6.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Micron Technology news, EVP April S. Arnzen sold 15,000 shares of the stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $164.04, for a total value of $2,460,600.00. Following the sale, the executive vice president owned 131,580 shares in the company, valued at $21,584,383.20. This trade represents a 10.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Sanjay Mehrotra sold 22,500 shares of the business’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $220.72, for a total transaction of $4,966,200.00. Following the sale, the chief executive officer directly owned 446,578 shares of the company’s stock, valued at $98,568,696.16. This represents a 4.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 407,352 shares of company stock worth $85,029,962. Insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Micron Technology

A number of institutional investors have recently modified their holdings of MU. Investment Research Partners LLC purchased a new stake in shares of Micron Technology in the third quarter valued at approximately $189,000. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Micron Technology in the 3rd quarter worth $122,000. WJ Wealth Management LLC bought a new position in shares of Micron Technology during the 3rd quarter worth $167,000. Fulcrum Asset Management LLP increased its stake in shares of Micron Technology by 18.1% during the third quarter. Fulcrum Asset Management LLP now owns 34,070 shares of the semiconductor manufacturer’s stock valued at $5,701,000 after buying an additional 5,229 shares during the period. Finally, CIBC Private Wealth Group LLC raised its holdings in shares of Micron Technology by 31.6% in the third quarter. CIBC Private Wealth Group LLC now owns 12,525 shares of the semiconductor manufacturer’s stock valued at $2,096,000 after acquiring an additional 3,009 shares in the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

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.