Deutsche Bank Aktiengesellschaft Increases Micron Technology (NASDAQ:MU) Price Target to $280.00

Micron Technology (NASDAQ:MU) had its price target raised by investment analysts at Deutsche Bank Aktiengesellschaft from $200.00 to $280.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor manufacturer’s stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 6.18% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. UBS Group increased their price target on Micron Technology from $245.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. Summit Insights upgraded Micron Technology to a “strong-buy” rating in a research report on Tuesday, September 23rd. Bank of America raised their target price on shares of Micron Technology from $140.00 to $180.00 and gave the stock a “neutral” rating in a report on Wednesday, September 24th. The Goldman Sachs Group upped their price target on shares of Micron Technology from $180.00 to $205.00 and gave the company a “buy” rating in a report on Wednesday, December 3rd. Finally, HSBC initiated coverage on shares of Micron Technology in a research report on Tuesday. They set a “buy” rating and a $330.00 price objective for the company. Five research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Micron Technology presently has a consensus rating of “Buy” and a consensus target price of $232.28.

Micron Technology Trading Up 4.5%

MU opened at $263.71 on Tuesday. The firm’s fifty day moving average is $220.54 and its two-hundred day moving average is $157.80. The firm has a market cap of $296.44 billion, a PE ratio of 34.74, a price-to-earnings-growth ratio of 0.43 and a beta of 1.54. Micron Technology has a twelve month low of $61.54 and a twelve month high of $264.75. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.17. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The company had revenue of $11.32 billion during the quarter, compared to analyst estimates of $11.05 billion. During the same quarter in the previous year, the business earned $1.18 EPS. The firm’s revenue was up 46.1% on a year-over-year basis. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Equities research analysts anticipate that Micron Technology will post 6.08 EPS for the current year.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, CFO Mark J. Murphy sold 126,000 shares of Micron Technology stock in a transaction on Thursday, October 30th. The shares were 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 approximately $49,499,029.83. The trade was a 36.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 transaction of $4,966,200.00. Following the transaction, the chief executive officer owned 446,578 shares of the company’s stock, valued at approximately $98,568,696.16. This represents a 4.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 392,352 shares of company stock worth $82,994,387 in the last three months. 0.24% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. American Capital Advisory LLC raised its stake in shares of Micron Technology by 20.4% during the 3rd quarter. American Capital Advisory LLC now owns 272 shares of the semiconductor manufacturer’s stock worth $46,000 after purchasing an additional 46 shares in the last quarter. Winthrop Capital Management LLC grew its stake in shares of Micron Technology by 4.0% in the third quarter. Winthrop Capital Management LLC now owns 1,234 shares of the semiconductor manufacturer’s stock valued at $206,000 after buying an additional 47 shares in the last quarter. Main Street Research LLC increased its holdings in Micron Technology by 0.8% during the third quarter. Main Street Research LLC now owns 5,976 shares of the semiconductor manufacturer’s stock worth $1,000,000 after buying an additional 47 shares during the last quarter. Vivaldi Capital Management LP raised its position in Micron Technology by 2.6% during the third quarter. Vivaldi Capital Management LP now owns 1,940 shares of the semiconductor manufacturer’s stock worth $325,000 after acquiring an additional 49 shares in the last quarter. Finally, Teamwork Financial Advisors LLC lifted its stake in Micron Technology by 0.4% in the third quarter. Teamwork Financial Advisors LLC now owns 14,974 shares of the semiconductor manufacturer’s stock valued at $2,505,000 after acquiring an additional 53 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors.

Micron Technology Company Profile

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.