Micron Technology (NASDAQ:MU) Price Target Raised to $1,500.00

Micron Technology (NASDAQ:MU) had its target price hoisted by analysts at Deutsche Bank Aktiengesellschaft from $1,000.00 to $1,500.00 in a report issued on Wednesday. The firm presently has a “buy” rating on the semiconductor manufacturer’s stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 46.95% from the stock’s current price.

Other analysts have also issued research reports about the stock. The Goldman Sachs Group lifted their price objective on shares of Micron Technology from $400.00 to $900.00 and gave the company a “neutral” rating in a research note on Wednesday, June 10th. Susquehanna lifted their price target on shares of Micron Technology from $600.00 to $1,750.00 and gave the stock a “positive” rating in a research note on Friday, May 29th. Weiss Ratings restated a “buy (b)” rating on shares of Micron Technology in a research note on Tuesday, May 12th. Morgan Stanley lifted their price target on shares of Micron Technology from $520.00 to $1,050.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 3rd. Finally, Citigroup lifted their price target on shares of Micron Technology from $425.00 to $840.00 and gave the stock a “buy” rating in a research note on Tuesday, May 19th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Micron Technology currently has an average rating of “Buy” and a consensus target price of $831.80.

Micron Technology Trading Down 6.2%

MU opened at $1,020.76 on Wednesday. The firm has a market capitalization of $1.15 trillion, a P/E ratio of 48.19 and a beta of 2.16. The firm’s 50 day moving average is $705.11 and its 200-day moving average is $476.85. Micron Technology has a 52-week low of $103.38 and a 52-week high of $1,110.40. The company has a quick ratio of 2.32, a current ratio of 2.90 and a debt-to-equity ratio of 0.13.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.19 by $3.01. The company had revenue of $23.86 billion for the quarter, compared to analyst estimates of $19.97 billion. Micron Technology had a net margin of 41.49% and a return on equity of 41.16%. The business’s quarterly revenue was up 196 on a year-over-year basis. During the same quarter last year, the firm posted $1.56 earnings per share. Analysts expect that Micron Technology will post 59.23 EPS for the current fiscal year.

Insider Activity at Micron Technology

In related news, Director Steven J. Gomo sold 2,000 shares of Micron Technology stock in a transaction on Monday, May 11th. The shares were sold at an average price of $787.03, for a total value of $1,574,060.00. Following the completion of the sale, the director owned 17,139 shares in the company, valued at approximately $13,488,907.17. The trade was a 10.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Sumit Sadana sold 24,000 shares of Micron Technology stock in a transaction on Friday, April 10th. The stock was sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the completion of the transaction, the executive vice president directly owned 224,021 shares of the company’s stock, valued at approximately $94,391,248.35. This represents a 9.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 146,000 shares of company stock worth $85,486,715 in the last ninety days. 0.24% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Micron Technology

A number of hedge funds have recently added to or reduced their stakes in MU. Norges Bank acquired a new position in Micron Technology in the fourth quarter worth $6,433,456,000. AQR Capital Management LLC boosted its holdings in Micron Technology by 411.9% in the third quarter. AQR Capital Management LLC now owns 3,627,022 shares of the semiconductor manufacturer’s stock worth $606,873,000 after purchasing an additional 2,918,535 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Micron Technology by 1,340.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,820,986 shares of the semiconductor manufacturer’s stock worth $805,148,000 after purchasing an additional 2,625,169 shares during the period. Amundi boosted its holdings in Micron Technology by 65.0% in the fourth quarter. Amundi now owns 4,989,400 shares of the semiconductor manufacturer’s stock worth $1,424,025,000 after purchasing an additional 1,965,319 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Micron Technology by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer’s stock worth $30,427,016,000 after purchasing an additional 1,954,644 shares during the period. Institutional investors and hedge funds own 80.84% of the company’s stock.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Wall Street remains constructive on Micron’s AI-memory exposure, with multiple reports highlighting strong DRAM and HBM demand, tight supply, and pricing power that could support earnings through 2026 and beyond.
• Positive Sentiment: Several analysts raised price targets or reiterated bullish views, including TD Cowen and other firms pointing to higher DRAM demand, longer pricing strength, and meaningful upside even after Micron’s massive rally.
• Positive Sentiment: Recent commentary ahead of Micron’s June 24 earnings report suggests consensus may still be too conservative, with previews calling for strong Q3 revenue and EPS growth driven by AI infrastructure spending.
• Positive Sentiment: Micron was also boosted by broader enthusiasm for semiconductor and memory stocks, including articles citing AI-driven supercycle optimism and record-high momentum in the group. Article Title
• Neutral Sentiment: The stock has had an extraordinary move already, so some investors are taking profits and waiting for the June 24 earnings release to confirm whether AI demand can keep justifying the current valuation.
• Negative Sentiment: Bears are warning that Micron may be near “peak earnings power,” arguing the cycle could eventually cool and that the shares now reflect very optimistic expectations, which increases the risk of a pullback if results merely meet, rather than beat, forecasts. Article Title

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.