Micron Technology (NASDAQ:MU) Price Target Raised to $675.00

Micron Technology (NASDAQ:MU) had its target price lifted by equities researchers at Barclays from $450.00 to $675.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the semiconductor manufacturer’s stock. Barclays‘s target price would suggest a potential upside of 48.87% from the company’s current price.

MU has been the topic of a number of other research reports. Sanford C. Bernstein upped their price target on Micron Technology from $330.00 to $510.00 and gave the stock an “outperform” rating in a report on Wednesday. Summit Insights downgraded Micron Technology from a “buy” rating to a “hold” rating in a research report on Thursday. Wall Street Zen raised Micron Technology from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 23rd. Needham & Company LLC raised their price target on Micron Technology from $450.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday. Finally, UBS Group boosted their price objective on shares of Micron Technology to $475.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Micron Technology has an average rating of “Buy” and an average price target of $436.14.

Micron Technology Price Performance

Shares of MU traded down $8.30 during trading hours on Thursday, reaching $453.43. The company had a trading volume of 28,411,540 shares, compared to its average volume of 36,227,934. The firm has a 50 day simple moving average of $398.74 and a 200-day simple moving average of $279.79. The company has a current ratio of 2.46, a quick ratio of 1.78 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $510.34 billion, a price-to-earnings ratio of 43.10 and a beta of 1.50. Micron Technology has a 12-month low of $61.54 and a 12-month high of $471.34.

Micron Technology (NASDAQ:MU) last released its quarterly earnings data on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 EPS for the quarter, topping analysts’ consensus estimates of $8.50 by $3.70. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. The firm had revenue of $23.86 billion for the quarter, compared to the consensus estimate of $18.90 billion. During the same quarter in the previous year, the firm earned $1.56 earnings per share. The firm’s revenue was up 196.3% on a year-over-year basis. Research analysts expect that Micron Technology will post 6.08 earnings per share for the current year.

Insider Buying and Selling at Micron Technology

In other news, CAO Scott R. Allen sold 2,000 shares of the firm’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $337.50, for a total transaction of $675,000.00. Following the sale, the chief accounting officer owned 38,237 shares in the company, valued at $12,904,987.50. This trade represents a 4.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Sumit Sadana sold 25,000 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $429.89, for a total value of $10,747,250.00. Following the completion of the transaction, the executive vice president owned 248,021 shares of the company’s stock, valued at $106,621,747.69. The trade was a 9.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders bought 23,200 shares of company stock valued at $7,821,723 and sold 73,623 shares valued at $27,307,408. 0.24% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Micron Technology

Hedge funds and other institutional investors have recently modified their holdings of the company. REAP Financial Group LLC purchased a new position in Micron Technology in the third quarter valued at approximately $25,000. High Note Wealth LLC grew its stake in Micron Technology by 65.4% during the fourth quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 34 shares during the period. Barnes Dennig Private Wealth Management LLC purchased a new stake in Micron Technology during the third quarter worth approximately $27,000. Elevation Wealth Partners LLC increased its position in shares of Micron Technology by 295.8% in the fourth quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 71 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. increased its position in shares of Micron Technology by 4,800.0% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock worth $28,000 after acquiring an additional 96 shares in the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Record Q2 results — Micron reported fiscal Q2 revenue of $23.86B and EPS $12.20, materially above expectations, and management issued very strong quarterly guidance that signals continued AI-driven demand, supporting the long-term growth thesis. Micron revenue almost triples, tops estimates as demand for memory soars
• Positive Sentiment: Analyst upgrades and higher price targets — Multiple firms raised ratings/targets (Needham to $500, Deutsche Bank to $550, Bernstein and Sanford Bernstein raised targets), which provides near-term support and explains part of the intraday buying pressure. Benzinga: analyst price target coverage
• Positive Sentiment: Product/production ramp — Micron is ramping HBM4 and PCIe Gen6 SSD production for AI customers (e.g., Nvidia), reinforcing its strategic position in the AI memory bottleneck and underpinning upside potential. Micron’s New HBM4 And PCIe Gen6 SSDs Test Lofty AI Valuation
• Neutral Sentiment: Dividend increase — Micron raised its quarterly dividend to $0.15 (30.4% increase), a signal of confidence and modest income support, but it’s a small yield relative to the stock’s valuation and growth profile.
• Negative Sentiment: Hefty capex guidance spooks investors — Management signaled a “meaningful” step-up in capital expenditures to expand advanced memory capacity. Investors are worried this will weigh on near-term free cash flow and margins, prompting a sell-the-news reaction despite the beat. Micron shares slip as hefty spending plans eclipse strong AI-fueled earnings
• Negative Sentiment: Supply/power and geopolitical concerns — Analysts and commentators flagged supply constraints, power/energy bottlenecks and recent Middle East energy disruptions as risks that could limit capacity expansion and prolong volatility in margins and delivery timing. Those risk headlines contributed to after-hours/premarket weakness. Why Are Micron Technology Shares Trading Lower On Thursday?

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.