JPMorgan Chase & Co. Increases Micron Technology (NASDAQ:MU) Price Target to $550.00

Micron Technology (NASDAQ:MU) had its target price raised by stock analysts at JPMorgan Chase & Co. from $350.00 to $550.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the semiconductor manufacturer’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 30.08% from the company’s current price.

MU has been the topic of several other research reports. Wall Street Zen upgraded Micron Technology from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 23rd. Barclays lifted their price objective on Micron Technology from $450.00 to $675.00 and gave the company an “overweight” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft boosted their target price on Micron Technology from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Thursday. Sanford C. Bernstein raised their price target on Micron Technology from $330.00 to $510.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $500.00 price target on shares of Micron Technology in a research report on Monday, March 16th. Five analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $453.55.

Micron Technology Trading Down 4.8%

Shares of NASDAQ MU opened at $422.81 on Thursday. Micron Technology has a 1 year low of $61.54 and a 1 year high of $471.34. 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 firm has a 50-day moving average of $402.64 and a 200 day moving average of $283.04. The stock has a market cap of $475.87 billion, a P/E ratio of 19.96 and a beta of 1.50.

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

Insiders Place Their Bets

In related news, EVP April S. Arnzen sold 15,000 shares of the stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $277.09, for a total transaction of $4,156,350.00. Following the sale, the executive vice president directly owned 165,618 shares of the company’s stock, valued at $45,891,091.62. This trade represents a 8.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Teyin M. Liu acquired 7,820 shares of Micron Technology stock in a transaction that occurred on Wednesday, January 14th. The stock was acquired at an average price of $337.50 per share, with a total value of $2,639,250.00. Following the completion of the acquisition, the director directly owned 25,910 shares in the company, valued at $8,744,625. This represents a 43.23% increase in their position. The disclosure for this purchase 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. 0.24% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Micron Technology

Hedge funds and other institutional investors have recently bought and sold shares of the stock. High Note Wealth LLC grew its stake in shares of Micron Technology by 65.4% in the fourth quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 34 shares during the period. Elevation Wealth Partners LLC lifted its position in Micron Technology by 295.8% during 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. Steigerwald Gordon & Koch Inc. lifted its position in Micron Technology by 4,800.0% during 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. Bayban purchased a new stake in Micron Technology in the fourth quarter worth approximately $29,000. Finally, Joseph Group Capital Management purchased a new stake in Micron Technology in the fourth quarter worth approximately $31,000. Institutional investors own 80.84% of the company’s stock.

More 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

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.