Analysts Set Micron Technology, Inc. (NASDAQ:MU) Price Target at $690.97

Shares of Micron Technology, Inc. (NASDAQ:MU) have been assigned an average rating of “Buy” from the thirty-nine ratings firms that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation, thirty have given a buy recommendation and five have issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $737.6333.

Several research firms have commented on MU. Wells Fargo & Company boosted their target price on shares of Micron Technology from $550.00 to $1,220.00 and gave the stock an “overweight” rating in a research report on Monday, June 8th. Erste Group Bank downgraded shares of Micron Technology from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Melius Research began coverage on shares of Micron Technology in a research report on Monday, April 27th. They issued a “buy” rating and a $700.00 target price for the company. Needham & Company LLC boosted their target price on shares of Micron Technology from $450.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. Finally, Susquehanna boosted their target price on shares of Micron Technology from $600.00 to $1,750.00 and gave the stock a “positive” rating in a research report on Friday, May 29th.

Micron Technology Stock Performance

MU stock opened at $981.61 on Wednesday. The company has a quick ratio of 2.32, a current ratio of 2.90 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $1.11 trillion, a price-to-earnings ratio of 46.35 and a beta of 2.16. Micron Technology has a 12 month low of $103.38 and a 12 month high of $1,089.29. The firm has a 50 day moving average of $677.58 and a two-hundred day moving average of $463.52.

Micron Technology (NASDAQ:MU) last posted its earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 EPS for the quarter, topping the consensus estimate of $9.19 by $3.01. The company had revenue of $23.86 billion during the quarter, compared to the consensus estimate of $19.97 billion. Micron Technology had a net margin of 41.49% and a return on equity of 41.16%. The company’s revenue for the quarter was up 196 compared to the same quarter last year. During the same period in the previous year, the firm posted $1.56 earnings per share. As a group, equities analysts anticipate that Micron Technology will post 59.23 EPS for the current fiscal year.

Micron Technology Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Monday, March 30th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, March 30th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. This is an increase from Micron Technology’s previous quarterly dividend of $0.12. Micron Technology’s payout ratio is currently 2.83%.

Insider Activity

In related news, Director Steven J. Gomo sold 2,000 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $787.03, for a total transaction of $1,574,060.00. Following the completion of the sale, the director directly owned 17,139 shares of the company’s stock, valued at approximately $13,488,907.17. This represents a 10.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP April S. Arnzen sold 40,000 shares of the company’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $347.39, for a total transaction of $13,895,600.00. Following the sale, the executive vice president directly owned 125,737 shares of the company’s stock, valued at approximately $43,679,776.43. This represents a 24.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 146,000 shares of company stock valued at $85,486,715 in the last quarter. 0.24% of the stock is currently owned by corporate insiders.

Institutional Trading of Micron Technology

Large investors have recently modified their holdings of the company. REAP Financial Group LLC bought a new stake in shares of Micron Technology during the 3rd quarter worth $25,000. High Note Wealth LLC boosted its holdings in shares of Micron Technology by 65.4% during the 4th 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. Elevation Wealth Partners LLC raised its stake in Micron Technology by 295.8% during the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 71 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in Micron Technology during the 1st quarter valued at $27,000. Finally, Steigerwald Gordon & Koch Inc. raised its stake in Micron Technology by 4,800.0% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock valued at $28,000 after purchasing an additional 96 shares during the last quarter. 80.84% of the stock is owned by institutional investors.

Micron Technology News Roundup

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

• Positive Sentiment: AI-driven demand for high-bandwidth memory and NAND storage continues to support Micron’s long-term growth outlook, with analysts citing strong margins and revenue momentum. AI Storage Boom Aids NAND Demand: Can Micron Capitalize on the Trend?
• Positive Sentiment: Wall Street remains broadly upbeat on Micron’s earnings power, with several analysts raising targets and saying the stock still has double-digit upside ahead of earnings. Analysts See Double-Digit Upside in Micron Stock — Should You Buy Before June 24 Earnings?
• Positive Sentiment: Micron is being viewed as a key AI beneficiary, with investors and analysts pointing to HBM demand, institutional buying, and recent certification for Nvidia’s next-gen platform as evidence of stronger secular demand. Nvidia Corp (NVDA) Strengthens AI Platform with Micron HBM4
• Neutral Sentiment: Several pieces frame Micron as a high-momentum AI stock, but these are more commentary than new company-specific catalysts. How to Hold the Next Nvidia Through the Noise
• Negative Sentiment: Goldman Sachs’ cautious stance suggests investors may be pricing in too much optimism before earnings, which can create near-term volatility if results are merely solid rather than exceptional. Why Goldman Is Cautious on Micron Stock Ahead of Earnings
• Negative Sentiment: Some articles note profit-taking after Micron’s explosive rally, with valuation concerns weighing on sentiment despite the strong AI backdrop. Micron stock plunges 12% in a week: why investors are booking profits

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.