Morgan Stanley Raises Micron Technology (NASDAQ:MU) Price Target to $325.00

Micron Technology (NASDAQ:MU) had its price target upped by equities research analysts at Morgan Stanley from $220.00 to $325.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the semiconductor manufacturer’s stock. Morgan Stanley’s price target indicates a potential upside of 32.71% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. KeyCorp upped their price objective on shares of Micron Technology from $160.00 to $215.00 and gave the stock an “overweight” rating in a report on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft boosted their target price on Micron Technology from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Rosenblatt Securities raised their target price on shares of Micron Technology from $200.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Cantor Fitzgerald lifted their target price on shares of Micron Technology from $185.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 24th. Finally, Needham & Company LLC increased their price target on Micron Technology from $150.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, September 24th. Five research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $209.39.

Micron Technology Trading Up 1.6%

Shares of MU opened at $244.90 on Thursday. Micron Technology has a 1-year low of $61.54 and a 1-year high of $257.07. The firm has a market capitalization of $274.89 billion, a price-to-earnings ratio of 32.27, a PEG ratio of 0.51 and a beta of 1.62. The firm’s 50-day moving average price is $188.99 and its 200-day moving average price is $137.44. The company has a current ratio of 2.52, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26.

Micron Technology (NASDAQ:MU) last announced its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.86. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The firm had revenue of $11.32 billion during the quarter, compared to analyst estimates of $11.05 billion. During the same quarter in the prior year, the company earned $1.18 EPS. The business’s revenue was up 46.1% compared to the same quarter last year. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Sell-side analysts anticipate that Micron Technology will post 6.08 EPS for the current year.

Insider Activity

In other Micron Technology news, EVP Scott J. Deboer sold 82,000 shares of the firm’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $222.81, for a total transaction of $18,270,420.00. Following the sale, the executive vice president directly owned 154,145 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sanjay Mehrotra sold 22,500 shares of the stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $220.72, for a total value of $4,966,200.00. Following the sale, the chief executive officer owned 446,578 shares of the company’s stock, valued at $98,568,696.16. This represents a 4.80% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 409,756 shares of company stock worth $85,308,033. 0.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Micron Technology

Several hedge funds have recently bought and sold shares of MU. Diversify Advisory Services LLC grew its position in shares of Micron Technology by 406.6% during the third quarter. Diversify Advisory Services LLC now owns 41,690 shares of the semiconductor manufacturer’s stock valued at $6,976,000 after purchasing an additional 33,461 shares in the last quarter. Prevail Innovative Wealth Advisors LLC purchased a new stake in shares of Micron Technology in the third quarter worth about $4,597,000. Vinva Investment Management Ltd boosted its stake in Micron Technology by 37.6% during the third quarter. Vinva Investment Management Ltd now owns 105,795 shares of the semiconductor manufacturer’s stock valued at $17,340,000 after buying an additional 28,923 shares during the last quarter. Parallel Advisors LLC boosted its stake in Micron Technology by 2.1% during the third quarter. Parallel Advisors LLC now owns 13,859 shares of the semiconductor manufacturer’s stock valued at $2,319,000 after buying an additional 279 shares during the last quarter. Finally, Meiji Yasuda Life Insurance Co grew its holdings in Micron Technology by 19.6% during the 3rd quarter. Meiji Yasuda Life Insurance Co now owns 12,406 shares of the semiconductor manufacturer’s stock valued at $2,076,000 after buying an additional 2,032 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

About Micron Technology

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.