Micron Technology (NASDAQ:MU – Get Free Report) had its price target lifted by equities researchers at JPMorgan Chase & Co. from $350.00 to $550.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the semiconductor manufacturer’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 23.72% from the company’s previous close.
A number of other analysts have also recently commented on the company. Bank of America upped their price objective on Micron Technology from $400.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday. Wolfe Research boosted their price target on Micron Technology from $300.00 to $350.00 and gave the company an “outperform” rating in a research note on Thursday, December 18th. UBS Group upped their price target on shares of Micron Technology from $475.00 to $510.00 and gave the company a “buy” rating in a research report on Thursday. William Blair started coverage on shares of Micron Technology in a research note on Thursday, January 22nd. They issued an “outperform” rating on the stock. Finally, The Goldman Sachs Group raised their price objective on shares of Micron Technology from $360.00 to $400.00 and gave the stock a “neutral” rating in a report on Thursday. Five research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $453.55.
Micron Technology Stock Performance
Micron Technology (NASDAQ:MU – Get Free Report) last announced its earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share for the quarter, beating analysts’ consensus estimates of $8.50 by $3.70. The business had revenue of $23.86 billion during the quarter, compared to analyst estimates of $18.90 billion. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. The company’s quarterly revenue was up 196.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.56 EPS. As a group, equities research analysts expect that Micron Technology will post 6.08 earnings per share for the current fiscal year.
Insider Buying and Selling at Micron Technology
In other news, EVP Manish H. Bhatia sold 26,623 shares of the business’s stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $391.04, for a total value of $10,410,657.92. Following the transaction, the executive vice president directly owned 323,486 shares in the company, valued at $126,495,965.44. The trade was a 7.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Teyin M. Liu acquired 7,820 shares of the company’s stock in a transaction dated Wednesday, January 14th. The stock was acquired at an average cost of $337.50 per share, with a total value of $2,639,250.00. Following the purchase, the director owned 25,910 shares of the company’s stock, valued at approximately $8,744,625. This trade represents a 43.23% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders purchased 23,200 shares of company stock valued at $7,821,723 and sold 73,623 shares valued at $27,307,408. Insiders own 0.24% of the company’s stock.
Institutional Investors Weigh In On Micron Technology
A number of institutional investors have recently added to or reduced their stakes in MU. Vanguard Group Inc. boosted its stake in Micron Technology by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer’s stock valued at $30,427,016,000 after buying an additional 1,954,644 shares during the last quarter. State Street Corp increased its stake in Micron Technology by 2.1% in the 4th quarter. State Street Corp now owns 52,749,817 shares of the semiconductor manufacturer’s stock worth $15,061,310,000 after acquiring an additional 1,090,644 shares during the last quarter. Capital International Investors raised its holdings in shares of Micron Technology by 0.7% during the 3rd quarter. Capital International Investors now owns 23,372,821 shares of the semiconductor manufacturer’s stock worth $3,910,198,000 after acquiring an additional 155,860 shares in the last quarter. Norges Bank bought a new position in shares of Micron Technology during the 4th quarter valued at approximately $6,433,456,000. Finally, Morgan Stanley grew its holdings in shares of Micron Technology by 5.1% in the fourth quarter. Morgan Stanley now owns 16,396,655 shares of the semiconductor manufacturer’s stock valued at $4,679,771,000 after purchasing an additional 794,289 shares in the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.
Trending Headlines about Micron Technology
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: Blowout Q2 results and aggressive guidance — Micron posted ~$23.9B revenue and $12.20 EPS (well above consensus) and guided to even stronger next‑quarter revenue/margins, underpinning the AI memory story. Reuters: Micron beats quarterly revenue estimates
- Positive Sentiment: Heavy analyst upside: multiple firms hiked price targets (examples today include Barclays to $675, Cantor Fitzgerald to $700, KeyCorp to $600, Wells Fargo to $550, Mizuho to $530, BofA/UBS/Citigroup/Needham/Deutsche Bank raising targets). That broad upgrade flow supports further upside over the medium term. Benzinga: analyst price target coverage
- Positive Sentiment: Dividend hike — Micron raised its quarterly dividend to $0.15 (≈30% increase), signaling confidence in cash flow and returning capital while scaling capacity. Seeking Alpha: Dividend raise
- Neutral Sentiment: Product/market momentum — Micron is ramping HBM4 and PCIe Gen6 SSDs for AI workloads; strong demand and sold‑out 2026 supply support pricing, but execution/timing matter. Yahoo: HBM4 and product ramps
- Negative Sentiment: Hefty capex guidance spooked investors — management said capital spending will step up “meaningfully” to meet demand, which increases near‑term cash burn and raised concerns about margin sustainability. That was a key reason for the intra‑day pullback. Reuters: spending plans eclipse earnings
- Negative Sentiment: Supply, power and execution risks flagged — analysts and commentators warn that factory/power constraints and the timing of capacity additions could limit upside and justify short‑term caution. Zacks: slips despite earnings
- Negative Sentiment: Profit‑taking and macro/geopolitical noise — MU rallied sharply YTD, so some pullback reflects rotation and risk‑off sentiment (plus concerns about a recent attack on Qatar energy infrastructure that briefly pressured markets). Invezz: Qatar attack risk
About Micron Technology
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.
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