Wedbush Raises Micron Technology (NASDAQ:MU) Price Target to $300.00

Micron Technology (NASDAQ:MU) had its target price increased by research analysts at Wedbush from $220.00 to $300.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the semiconductor manufacturer’s stock. Wedbush’s price objective indicates a potential upside of 29.03% from the company’s previous close.

A number of other brokerages also recently issued reports on MU. Raymond James Financial lifted their price target on shares of Micron Technology from $150.00 to $190.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 24th. Stifel Nicolaus raised their price objective on shares of Micron Technology from $195.00 to $300.00 and gave the company a “buy” rating in a report on Friday, December 12th. KGI Securities raised shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 24th. Morgan Stanley boosted their target price on shares of Micron Technology to $338.00 and gave the stock an “overweight” rating in a research note on Monday, November 24th. Finally, Cowen reissued a “buy” rating on shares of Micron Technology in a report on Thursday, December 11th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $242.79.

Micron Technology Price Performance

Shares of NASDAQ MU opened at $232.51 on Monday. The stock’s 50-day moving average is $224.96 and its two-hundred day moving average is $162.38. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79. Micron Technology has a 1-year low of $61.54 and a 1-year high of $264.75. The company has a market cap of $261.37 billion, a price-to-earnings ratio of 30.63, a price-to-earnings-growth ratio of 0.38 and a beta of 1.54.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data 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 return on equity of 17.21% and a net margin of 22.84%.The business had revenue of $11.32 billion during the quarter, compared to analysts’ expectations of $11.05 billion. During the same quarter last year, the business posted $1.18 EPS. The business’s quarterly 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. Analysts forecast that Micron Technology will post 6.08 EPS for the current fiscal year.

Insider Activity at Micron Technology

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 transaction, the executive vice president owned 154,145 shares of the company’s stock, valued at approximately $34,345,047.45. This trade represents a 34.72% 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 Micron Technology stock in a transaction dated 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 owned 219,693 shares in the company, valued at $49,499,029.83. This trade represents a 36.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 384,852 shares of company stock worth $81,806,895. Insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Micron Technology

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MU. Painted Porch Advisors LLC acquired a new stake in shares of Micron Technology in the third quarter valued at approximately $77,000. Strategic Investment Solutions Inc. IL raised its position in Micron Technology by 77.3% in the third quarter. Strategic Investment Solutions Inc. IL now owns 484 shares of the semiconductor manufacturer’s stock worth $81,000 after acquiring an additional 211 shares in the last quarter. Severin Investments LLC acquired a new stake in shares of Micron Technology in the third quarter valued at about $475,000. Allworth Financial LP boosted its position in Micron Technology by 19.9% during the third quarter. Allworth Financial LP now owns 31,079 shares of the semiconductor manufacturer’s stock worth $5,200,000 after purchasing an additional 5,155 shares in the last quarter. Finally, IFP Advisors Inc boosted its position in shares of Micron Technology by 1.4% in the 3rd quarter. IFP Advisors Inc now owns 16,159 shares of the semiconductor manufacturer’s stock worth $2,705,000 after buying an additional 223 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.