Wells Fargo & Company Issues Positive Forecast for Micron Technology (NASDAQ:MU) Stock Price

Micron Technology (NASDAQ:MU) had its price target boosted by research analysts at Wells Fargo & Company from $300.00 to $335.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the semiconductor manufacturer’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 33.14% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Wall Street Zen raised Micron Technology from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 23rd. Cantor Fitzgerald upped their price objective on Micron Technology from $300.00 to $350.00 and gave the stock an “overweight” rating in a research report on Thursday. Morgan Stanley boosted their price target on shares of Micron Technology to $350.00 and gave the stock an “overweight” rating in a research report on Thursday. Mizuho upped their price target on shares of Micron Technology from $270.00 to $290.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Wolfe Research increased their price target on Micron Technology from $200.00 to $300.00 and gave the company an “outperform” rating in a research note on Tuesday, December 2nd. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $275.11.

Micron Technology Stock Up 11.6%

NASDAQ:MU traded up $26.09 during mid-day trading on Thursday, hitting $251.61. The company had a trading volume of 25,366,577 shares, compared to its average volume of 23,626,941. The firm has a market capitalization of $282.84 billion, a price-to-earnings ratio of 32.83, a PEG ratio of 0.34 and a beta of 1.54. The business has a fifty day simple moving average of $225.54 and a 200-day simple moving average of $162.83. 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 has a 1 year low of $61.54 and a 1 year high of $264.75.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share for the quarter, beating the consensus estimate of $3.77 by $1.01. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The company had revenue of $13.64 billion during the quarter, compared to analyst estimates of $12.62 billion. During the same quarter last year, the firm posted $1.79 EPS. The business’s revenue for the quarter was up 56.7% on a year-over-year basis. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. Equities analysts forecast that Micron Technology will post 6.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CAO Scott R. Allen sold 8,800 shares of Micron Technology stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $210.02, for a total value of $1,848,176.00. Following the sale, the chief accounting officer directly owned 40,237 shares of the company’s stock, valued at approximately $8,450,574.74. The trade was a 17.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Mark J. Murphy sold 126,000 shares of the business’s stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $225.31, for a total value of $28,389,060.00. Following the sale, the chief financial officer directly owned 219,693 shares in the company, valued at $49,499,029.83. The trade was a 36.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 383,650 shares of company stock worth $81,602,339. 0.24% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of MU. AIA Group Ltd boosted its holdings in shares of Micron Technology by 82.9% during the 3rd quarter. AIA Group Ltd now owns 113,646 shares of the semiconductor manufacturer’s stock worth $19,015,000 after purchasing an additional 51,494 shares during the last quarter. Painted Porch Advisors LLC acquired a new stake in shares of Micron Technology during the third quarter worth $77,000. Strategic Investment Solutions Inc. IL increased its holdings in shares of Micron Technology by 77.3% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 484 shares of the semiconductor manufacturer’s stock valued at $81,000 after purchasing an additional 211 shares in the last quarter. Severin Investments LLC purchased a new position in shares of Micron Technology during the 3rd quarter worth approximately $475,000. Finally, Allworth Financial LP grew its holdings in Micron Technology by 19.9% in the 3rd quarter. Allworth Financial LP now owns 31,079 shares of the semiconductor manufacturer’s stock valued at $5,200,000 after buying an additional 5,155 shares during the period. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

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.