UBS Group Issues Positive Forecast for Micron Technology (NASDAQ:MU) Stock Price

Micron Technology (NASDAQ:MU) had its price objective increased by analysts at UBS Group from $295.00 to $300.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the semiconductor manufacturer’s stock. UBS Group’s target price suggests a potential upside of 19.36% from the stock’s current price.

Several other research firms also recently commented on MU. Wedbush set a $320.00 price objective on Micron Technology in a research note on Thursday. Cowen reaffirmed a “buy” rating on shares of Micron Technology in a research note on Thursday, December 11th. Citigroup upped their price target on shares of Micron Technology from $275.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. Cantor Fitzgerald boosted their price target on shares of Micron Technology from $300.00 to $350.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. boosted their price target on Micron Technology from $185.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, September 24th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $275.11.

Micron Technology Stock Up 11.5%

MU stock traded up $25.83 during trading on Thursday, reaching $251.35. The stock had a trading volume of 25,366,577 shares, compared to its average volume of 23,626,941. The company has a market capitalization of $282.55 billion, a P/E ratio of 32.83, a PEG ratio of 0.34 and a beta of 1.54. Micron Technology has a 1-year low of $61.54 and a 1-year high of $264.75. The firm has a fifty day moving average price of $225.54 and a 200 day moving average price of $162.83. The company has a current ratio of 2.52, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26.

Micron Technology (NASDAQ:MU) last announced its earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.77 by $1.01. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The company had revenue of $13.64 billion for the quarter, compared to analyst estimates of $12.62 billion. During the same period in the previous year, the firm earned $1.79 earnings per share. Micron Technology’s revenue for the quarter was up 56.7% compared to the same quarter last year. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. On average, equities analysts anticipate that Micron Technology will post 6.08 earnings per share for the current year.

Insider Activity

In related news, EVP Scott J. Deboer sold 82,000 shares of the stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $222.81, for a total value of $18,270,420.00. Following the completion of the transaction, the executive vice president directly owned 154,145 shares in the company, valued at $34,345,047.45. This trade represents a 34.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sanjay Mehrotra sold 3,743 shares of the firm’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $233.39, for a total transaction of $873,578.77. Following the transaction, the chief executive officer directly owned 396,578 shares of the company’s stock, valued at $92,557,339.42. The trade was a 0.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 383,650 shares of company stock worth $81,602,339. 0.24% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. REAP Financial Group LLC acquired a new position in Micron Technology during the third quarter worth about $25,000. First Command Advisory Services Inc. boosted its position in shares of Micron Technology by 225.0% in the second quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock worth $27,000 after buying an additional 153 shares during the period. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Micron Technology in the third quarter valued at approximately $27,000. Howard Hughes Medical Institute bought a new position in Micron Technology during the second quarter worth about $30,000. Finally, AlphaQuest LLC raised its position in shares of Micron Technology by 13,250.0% during the second quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock worth $33,000 after acquiring an additional 265 shares during the last quarter. Hedge funds and other 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.