Micron Technology, Inc. (NASDAQ:MU) Stock Has Average Price Target of $1,295.63 According to Brokerages

Micron Technology, Inc. (NASDAQ:MU) has earned a consensus recommendation of “Moderate Buy” from the forty-five brokerages that are covering the company, Marketbeat reports. Five analysts have rated the stock with a hold recommendation, thirty-nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $1,341.87.

MU has been the subject of several analyst reports. Robert W. Baird increased their target price on shares of Micron Technology from $500.00 to $1,280.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. UBS Group reaffirmed a “buy” rating and set a $1,625.00 price target (up from $535.00) on shares of Micron Technology in a research report on Wednesday. Rosenblatt Securities reaffirmed a “buy” rating and issued a $1,500.00 price objective on shares of Micron Technology in a report on Thursday. Argus cut their target price on Micron Technology from $1,500.00 to $540.00 and set a “buy” rating for the company in a research note on Thursday, June 25th. Finally, Seaport Research Partners restated a “buy” rating on shares of Micron Technology in a research report on Friday, August 14th.

Micron Technology News Summary

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

• Positive Sentiment: Analysts remain broadly bullish ahead of earnings. Rosenblatt reiterated a “buy” rating with a $1,500 price target, while UBS maintained a $1,625 target, citing rising earnings, potential buybacks and long-term customer contracts. Rosenblatt expects another beat-and-raise quarter
• Positive Sentiment: Expectations for the September 30 report are elevated, with Wall Street forecasting adjusted earnings of approximately $31.49 per share. Better DRAM pricing and persistent AI infrastructure demand have prompted analysts to raise estimates and price targets. Micron’s memory boom is showing up in prices
• Positive Sentiment: Technical indicators point to continued momentum, with TipRanks describing MU’s setup as a “strong buy.” Broader market sentiment has also improved as oil prices and Treasury yields ease, providing additional support for semiconductor stocks. Micron technical indicators signal a strong buy
• Neutral Sentiment: MU has already risen sharply this year, and analyst targets now cluster around $1,500–$1,600. That creates substantial upside expectations, but also raises the risk of profit-taking if earnings or forward guidance fail to exceed the market’s aggressive assumptions. Micron stock outlook
• Negative Sentiment: Bearish investors warn that memory prices could peak as additional supply arrives. Michael Burry has expanded short positions in Micron and other semiconductor names, while China’s CXMT is increasing competition in mobile memory. Michael Burry shorts Micron

Micron Technology Price Performance

Shares of NASDAQ:MU opened at $1,080.53 on Friday. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. The stock’s 50 day moving average is $940.32 and its 200-day moving average is $795.50. The firm has a market capitalization of $1.22 trillion, a price-to-earnings ratio of 24.46, a PEG ratio of 0.69 and a beta of 2.22. Micron Technology has a twelve month low of $154.65 and a twelve month high of $1,255.00.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, beating the consensus estimate of $21.39 by $3.72. The business had revenue of $41.46 billion for the quarter, compared to analysts’ expectations of $35.91 billion. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The firm’s revenue for the quarter was up 345.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.91 EPS. Sell-side analysts forecast that Micron Technology will post 72.99 EPS for the current fiscal year.

Insider Transactions at Micron Technology

In other news, Director Lynn Dugle sold 1,300 shares of Micron Technology stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total transaction of $1,495,559.00. Following the completion of the sale, the director owned 17,728 shares in the company, valued at approximately $20,394,823.04. This trade represents a 6.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Scott Allen sold 879 shares of the business’s stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the completion of the transaction, the chief accounting officer directly owned 34,958 shares of the company’s stock, valued at approximately $34,958,000. This represents a 2.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 137,179 shares of company stock worth $135,792,625. 0.24% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in MU. Andar Capital Management HK Ltd lifted its stake in Micron Technology by 856,960.3% in the second quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer’s stock worth $39,571,847,000 after purchasing an additional 34,278,413 shares during the last quarter. Norges Bank bought a new position in shares of Micron Technology during the fourth quarter valued at about $6,433,456,000. Primecap Management Co. CA bought a new position in shares of Micron Technology during the second quarter valued at about $22,182,263,000. Bank of America Corp DE increased its holdings in shares of Micron Technology by 26.6% in the second quarter. Bank of America Corp DE now owns 10,174,757 shares of the semiconductor manufacturer’s stock worth $11,744,621,000 after buying an additional 2,136,470 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of Micron Technology by 1.6% in the 4th quarter. Invesco Ltd. now owns 9,777,239 shares of the semiconductor manufacturer’s stock valued at $2,790,522,000 after acquiring an additional 155,073 shares during the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Micron Technology Company Profile

Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.

Micron’s products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.