Deutsche Bank Aktiengesellschaft Increases Micron Technology (NASDAQ:MU) Price Target to $550.00

Micron Technology (NASDAQ:MU) had its price target lifted by equities researchers at Deutsche Bank Aktiengesellschaft from $500.00 to $550.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the semiconductor manufacturer’s stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 30.08% from the stock’s current price.

Several other equities research analysts also recently issued reports on the company. KeyCorp lifted their price objective on Micron Technology from $325.00 to $450.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. The Goldman Sachs Group reissued a “neutral” rating and set a $360.00 price target on shares of Micron Technology in a research report on Monday, March 2nd. Itau BBA Securities restated an “outperform” rating on shares of Micron Technology in a research note on Thursday, December 18th. Bank of America upped their price target on shares of Micron Technology from $300.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Finally, TD Cowen increased their price objective on shares of Micron Technology from $450.00 to $500.00 and gave the company a “buy” rating in a research note on Monday, March 16th. Five analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Micron Technology currently has an average rating of “Buy” and an average target price of $453.55.

Micron Technology Stock Down 4.8%

Shares of Micron Technology stock opened at $422.81 on Thursday. The business has a 50-day moving average of $402.64 and a 200-day moving average of $283.04. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.90 and a quick ratio of 1.78. The company has a market capitalization of $475.87 billion, a PE ratio of 19.96 and a beta of 1.50. Micron Technology has a 1-year low of $61.54 and a 1-year high of $471.34.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 EPS for the quarter, topping the consensus estimate of $8.50 by $3.70. The business had revenue of $23.86 billion for the quarter, compared to analysts’ expectations of $18.90 billion. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.The company’s revenue was up 196.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.56 earnings per share. As a group, equities analysts forecast that Micron Technology will post 6.08 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Sumit Sadana sold 25,000 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $429.89, for a total transaction of $10,747,250.00. Following the completion of the transaction, the executive vice president directly owned 248,021 shares in the company, valued at $106,621,747.69. This represents a 9.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Scott R. Allen sold 2,000 shares of the stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $337.50, for a total value of $675,000.00. Following the completion of the sale, the chief accounting officer directly owned 38,237 shares in the company, valued at $12,904,987.50. This represents a 4.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have purchased 23,200 shares of company stock worth $7,821,723 and have sold 68,623 shares worth $25,989,258. Company insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On Micron Technology

Hedge funds and other institutional investors have recently modified their holdings of the company. REAP Financial Group LLC bought a new stake in Micron Technology in the 3rd quarter valued at about $25,000. High Note Wealth LLC boosted its stake in Micron Technology by 65.4% during the 4th quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 34 shares during the period. Barnes Dennig Private Wealth Management LLC bought a new position in Micron Technology in the 3rd quarter worth about $27,000. Elevation Wealth Partners LLC increased its stake in shares of Micron Technology by 295.8% in the fourth 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 period. Finally, Steigerwald Gordon & Koch Inc. increased its stake in shares of Micron Technology by 4,800.0% in the fourth 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 period. Institutional investors and hedge funds own 80.84% of the company’s stock.

Key Micron Technology News

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

• Positive Sentiment: Q2 blowout: Micron reported huge revenue and EPS beats and raised forward guidance, reinforcing AI-driven DRAM/HBM demand and pricing power. Micron’s Mic‑Drop Quarter: AI Memory Demand Supercharged Earnings
• Positive Sentiment: Wall Street lifts price targets and reiterates buys (multiple firms raised PTs substantially), signaling analyst conviction in a sustained AI memory cycle. Bank of America revamps Micron stock price target post earnings
• Positive Sentiment: Supply tightness/HBM momentum: Micron has started volume shipments of HBM4 and analysts highlight persistent HBM shortages that support pricing and margins. Micron Announces Starting Volume Shipment of HBM4 36GB
• Neutral Sentiment: Technical/volatility notes: commentators flag a fast breakout then pullback — some view current action as a potential re-entry/buy-the-dip opportunity while others warn of resistance and a possible bull trap. Is This A Bull Trap For Micron Technology?
• Negative Sentiment: Heavy capex warning: management plans “meaningfully” higher capital spending to expand capacity — investors fear margin pressure and near‑term cash intensity despite long‑term payoff. Micron shares slip as hefty spending plans eclipse strong AI‑fueled earnings
• Negative Sentiment: Sell‑the‑news & downgrade noise: despite stellar results, the stock has seen pullbacks driven by profit‑taking, an analyst downgrade or cautionary notes about sustainability of the cycle. Why Micron (MU) Stock Is Down Today
• Negative Sentiment: Macro/geopolitical risk: recent Middle East energy infrastructure attacks are cited as an additional market headwind that contributed to post‑earnings weakness. Why attack on Qatar’s energy facility is bearish for Micron

Micron Technology Company Profile

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.