Mizuho Cuts Micron Technology (NASDAQ:MU) Price Target to $1,300.00

Micron Technology (NASDAQ:MU) had its price objective reduced by Mizuho from $1,375.00 to $1,300.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the semiconductor manufacturer’s stock. Mizuho’s price objective suggests a potential upside of 42.79% from the stock’s previous close.

MU has been the subject of several other reports. Royal Bank Of Canada increased their price objective on Micron Technology from $1,200.00 to $1,500.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. Bank of America lifted their target price on shares of Micron Technology from $950.00 to $1,500.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Barclays increased their price target on shares of Micron Technology from $1,175.00 to $2,000.00 and gave the stock an “overweight” rating in a research note on Thursday, June 25th. Citigroup lowered their price objective on shares of Micron Technology from $1,400.00 to $1,150.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Finally, Raymond James Financial upped their target price on shares of Micron Technology from $1,100.00 to $1,500.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. Four research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $1,258.84.

Micron Technology Stock Down 5.8%

MU opened at $910.43 on Tuesday. The business’s 50-day simple moving average is $963.47 and its 200-day simple moving average is $701.56. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.98 and a current ratio of 3.42. Micron Technology has a one year low of $114.25 and a one year high of $1,255.00. The stock has a market capitalization of $1.03 trillion, a P/E ratio of 20.61 and a beta of 2.18.

Micron Technology (NASDAQ:MU) last posted its 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 during the quarter, compared to the consensus estimate of $35.91 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The business’s quarterly revenue was up 345.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Analysts anticipate that Micron Technology will post 72.93 EPS for the current year.

Insider Activity at Micron Technology

In other news, CEO Sanjay Mehrotra sold 37,439 shares of the firm’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $960.38, for a total value of $35,955,666.82. Following the completion of the sale, the chief executive officer owned 387,064 shares in the company, valued at approximately $371,728,524.32. This trade represents a 8.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP April S. Arnzen sold 40,000 shares of Micron Technology stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $1,083.94, for a total transaction of $43,357,600.00. Following the completion of the sale, the executive vice president directly owned 85,737 shares in the company, valued at approximately $92,933,763.78. The trade was a 31.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 177,179 shares of company stock worth $181,826,211 in the last 90 days. Corporate insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On Micron Technology

Large investors have recently modified their holdings of the business. M.E. Allison & CO. Inc. lifted its holdings in Micron Technology by 0.8% in the second quarter. M.E. Allison & CO. Inc. now owns 1,324 shares of the semiconductor manufacturer’s stock valued at $1,528,000 after acquiring an additional 11 shares during the period. Cherrydale Wealth Management LLC grew its stake in shares of Micron Technology by 1.4% during the 2nd quarter. Cherrydale Wealth Management LLC now owns 972 shares of the semiconductor manufacturer’s stock worth $1,122,000 after purchasing an additional 13 shares during the period. Bellevue Asset Management LLC increased its holdings in shares of Micron Technology by 25.5% in the 2nd quarter. Bellevue Asset Management LLC now owns 64 shares of the semiconductor manufacturer’s stock valued at $74,000 after purchasing an additional 13 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC increased its holdings in shares of Micron Technology by 8.8% in the 2nd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 161 shares of the semiconductor manufacturer’s stock valued at $186,000 after purchasing an additional 13 shares in the last quarter. Finally, Red Door Wealth Management LLC lifted its stake in shares of Micron Technology by 0.7% in the second quarter. Red Door Wealth Management LLC now owns 1,914 shares of the semiconductor manufacturer’s stock valued at $2,209,000 after purchasing an additional 14 shares during the period. 80.84% of the stock is owned by hedge funds and other institutional investors.

Micron Technology News Roundup

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

• Positive Sentiment: New data indicates memory-chip prices could rise sharply during the current quarter, reinforcing the outlook for Micron’s DRAM and high-bandwidth memory businesses. However, analysis suggests Micron may capture less than the full potential increase because of product mix, contract structures, or competitive factors. Why Micron Will Miss Out on a 50% Rise in Memory Prices
• Positive Sentiment: Micron CEO Sanjay Mehrotra described memory as increasingly strategic rather than a commodity and highlighted a planned $10 billion research investment focused on next-generation AI memory. The company also continues to benefit from severe AI-related DRAM and HBM supply constraints.
• Positive Sentiment: Micron opened a 60,000-square-foot Boise training center and expanded its apprenticeship and community-college programs. The facility supports the company’s more than $250 billion U.S. manufacturing commitment and could help address labor shortages as new fabs ramp. Micron Opens State-of-the-Art Training Center
• Neutral Sentiment: Retail investors have rapidly accumulated memory-chip exposure through the Roundhill Memory ETF, which could support sentiment and trading demand for MU, but the fund’s holdings may not provide the targeted exposure investors expect. Memory ETF Reaches $25 Billion
• Negative Sentiment: Memory stocks fell as investors weighed reports that Apple could source chips from Chinese suppliers, potentially increasing competition and reducing demand for U.S.-based suppliers. Concerns about Chinese rival YMTC’s planned IPO added to the pressure.
• Negative Sentiment: MU declined more sharply than the broader market as investors took profits across semiconductor stocks ahead of Nvidia’s earnings report. The sector-wide risk reduction overshadowed Micron’s strong AI-demand narrative. Micron Dips Amid Semiconductor Selloff
• Negative Sentiment: Recent filings show substantial insider selling, including sales by CEO Sanjay Mehrotra and other executives, despite bullish commentary about demand. While sales may reflect diversification, they can weigh on investor confidence after MU’s strong rally.

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.