Micron Technology, Inc. (NASDAQ:MU) Receives Average Recommendation of “Buy” from Brokerages

Shares of Micron Technology, Inc. (NASDAQ:MU) have earned a consensus rating of “Buy” from the thirty-nine brokerages that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, thirty have issued a buy rating and five have issued a strong buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $831.80.

MU has been the subject of several recent analyst reports. Susquehanna increased their price objective on shares of Micron Technology from $600.00 to $1,750.00 and gave the stock a “positive” rating in a research report on Friday, May 29th. Sanford C. Bernstein upped their price target on shares of Micron Technology from $330.00 to $510.00 and gave the company an “outperform” rating in a research report on Wednesday, March 18th. Wells Fargo & Company increased their price target on Micron Technology from $550.00 to $1,220.00 and gave the stock an “overweight” rating in a report on Monday, June 8th. Melius Research started coverage on Micron Technology in a research report on Monday, April 27th. They issued a “buy” rating and a $700.00 price objective for the company. Finally, The Goldman Sachs Group boosted their price objective on Micron Technology from $400.00 to $900.00 and gave the company a “neutral” rating in a research note on Wednesday, June 10th.

More Micron Technology News

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

Insider Activity

In other Micron Technology news, EVP Sumit Sadana sold 24,000 shares of Micron Technology 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 transaction, the executive vice president owned 224,021 shares of the company’s stock, valued at $94,391,248.35. This trade represents a 9.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP April S. Arnzen sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $347.39, for a total value of $13,895,600.00. Following the completion of the transaction, the executive vice president directly owned 125,737 shares of the company’s stock, valued at approximately $43,679,776.43. This represents a 24.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 146,000 shares of company stock valued at $85,486,715 in the last three months. 0.24% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Signature Equity Partners LLC grew its position in Micron Technology by 6.3% during the first quarter. Signature Equity Partners LLC now owns 253 shares of the semiconductor manufacturer’s stock valued at $86,000 after buying an additional 15 shares during the period. Clearwater Capital Advisors LLC raised its position in Micron Technology by 1.1% in the first quarter. Clearwater Capital Advisors LLC now owns 1,617 shares of the semiconductor manufacturer’s stock worth $546,000 after acquiring an additional 18 shares during the period. Capital Advisors Ltd. LLC raised its position in Micron Technology by 10.3% in the first quarter. Capital Advisors Ltd. LLC now owns 247 shares of the semiconductor manufacturer’s stock worth $83,000 after acquiring an additional 23 shares during the period. Manning & Napier Advisors LLC boosted its stake in Micron Technology by 2.4% in the fourth quarter. Manning & Napier Advisors LLC now owns 1,030 shares of the semiconductor manufacturer’s stock valued at $301,000 after acquiring an additional 24 shares during the last quarter. Finally, Essex Bank boosted its stake in Micron Technology by 2.0% in the first quarter. Essex Bank now owns 1,252 shares of the semiconductor manufacturer’s stock valued at $423,000 after acquiring an additional 24 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Micron Technology Stock Performance

Shares of MU traded up $10.15 during trading hours on Wednesday, hitting $1,030.91. The company had a trading volume of 6,972,477 shares, compared to its average volume of 44,147,766. The business has a fifty day moving average of $705.11 and a 200-day moving average of $476.85. The company has a quick ratio of 2.32, a current ratio of 2.90 and a debt-to-equity ratio of 0.13. The firm has a market cap of $1.16 trillion, a price-to-earnings ratio of 48.80 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.

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

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.