Micron Technology (NASDAQ:MU) Price Target Raised to $275.00 at TD Cowen

Micron Technology (NASDAQ:MU) had its price target boosted by equities research analysts at TD Cowen from $200.00 to $275.00 in a report issued on Wednesday. The firm currently has a “buy” rating on the semiconductor manufacturer’s stock. TD Cowen’s price objective would suggest a potential upside of 19.63% from the company’s previous close.

MU has been the subject of several other reports. BNP Paribas Exane raised shares of Micron Technology from an “underperform” rating to an “outperform” rating and set a $270.00 price target for the company in a report on Monday, October 13th. Citigroup increased their price objective on Micron Technology from $240.00 to $275.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. UBS Group lifted their price objective on Micron Technology from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Wells Fargo & Company upped their target price on Micron Technology from $220.00 to $300.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Finally, KGI Securities raised Micron Technology from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 24th. Five analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $214.57.

Micron Technology Trading Up 0.6%

Shares of MU opened at $229.88 on Wednesday. The business’s 50-day moving average price is $197.63 and its 200-day moving average price is $142.38. Micron Technology has a twelve month low of $61.54 and a twelve month high of $260.58. The stock has a market cap of $258.03 billion, a PE ratio of 30.28, a P/E/G ratio of 0.51 and a beta of 1.62. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26.

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

Insider Transactions at Micron Technology

In other Micron Technology news, EVP Scott J. Deboer sold 82,000 shares of Micron Technology stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $222.81, for a total transaction of $18,270,420.00. Following the transaction, the executive vice president directly owned 154,145 shares of the company’s stock, valued at approximately $34,345,047.45. This trade represents a 34.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP April S. Arnzen sold 15,000 shares of the company’s stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $164.04, for a total transaction of $2,460,600.00. Following the completion of the sale, the executive vice president directly owned 131,580 shares of the company’s stock, valued at $21,584,383.20. This trade represents a 10.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 409,756 shares of company stock valued at $85,308,033. 0.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Micron Technology

Several hedge funds have recently added to or reduced their stakes in MU. Vanguard Group Inc. lifted its stake in shares of Micron Technology by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 104,653,450 shares of the semiconductor manufacturer’s stock valued at $17,510,615,000 after acquiring an additional 773,788 shares during the last quarter. State Street Corp grew its position in Micron Technology by 0.6% during the 3rd quarter. State Street Corp now owns 51,659,173 shares of the semiconductor manufacturer’s stock worth $8,643,613,000 after acquiring an additional 285,582 shares during the last quarter. Geode Capital Management LLC increased its stake in Micron Technology by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 25,690,491 shares of the semiconductor manufacturer’s stock worth $3,152,974,000 after purchasing an additional 314,489 shares during the period. Capital International Investors lifted its position in Micron Technology by 0.7% in the third quarter. Capital International Investors now owns 23,372,821 shares of the semiconductor manufacturer’s stock valued at $3,910,198,000 after purchasing an additional 155,860 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Micron Technology during the second quarter valued at approximately $1,980,700,000. 80.84% of the stock is owned by 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.