Micron Technology (NASDAQ:MU) Stock Price Expected to Rise, Bank of America Analyst Says

Micron Technology (NASDAQ:MU) had its price target increased by stock analysts at Bank of America from $400.00 to $500.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the semiconductor manufacturer’s stock. Bank of America‘s price objective suggests a potential upside of 18.26% from the company’s previous close.

Other analysts have also issued research reports about the company. Raymond James Financial boosted their price target on Micron Technology from $190.00 to $310.00 and gave the company an “outperform” rating in a research note on Thursday, December 18th. Deutsche Bank Aktiengesellschaft increased their price objective on Micron Technology from $500.00 to $550.00 and gave the stock a “buy” rating in a research note on Thursday. Wall Street Zen raised Micron Technology from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 23rd. Morgan Stanley boosted their target price on shares of Micron Technology from $350.00 to $450.00 and gave the company an “overweight” rating in a research note on Wednesday, February 11th. Finally, Mizuho upped their target price on shares of Micron Technology from $390.00 to $480.00 and gave the stock an “outperform” rating in a report on Tuesday, January 27th. Five analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Micron Technology presently has a consensus rating of “Buy” and a consensus price target of $453.55.

Micron Technology Stock Performance

NASDAQ:MU opened at $422.81 on Thursday. The firm has a market capitalization of $475.87 billion, a PE ratio of 19.96 and a beta of 1.50. The company has a quick ratio of 1.78, a current ratio of 2.90 and a debt-to-equity ratio of 0.13. Micron Technology has a 12-month low of $61.54 and a 12-month high of $471.34. The firm has a 50-day moving average price of $402.64 and a 200 day moving average price of $283.04.

Micron Technology (NASDAQ:MU) last released its quarterly earnings data on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share for the quarter, beating analysts’ consensus estimates of $8.50 by $3.70. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.The company had revenue of $23.86 billion for the quarter, compared to the consensus estimate of $18.90 billion. During the same period in the previous year, the business earned $1.56 earnings per share. The company’s quarterly revenue was up 196.3% on a year-over-year basis. Research analysts anticipate that Micron Technology will post 6.08 earnings per share for the current fiscal year.

Insider Activity at Micron Technology

In related news, EVP April S. Arnzen sold 15,000 shares of the company’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $277.09, for a total transaction of $4,156,350.00. Following the transaction, the executive vice president owned 165,618 shares in the company, valued at $45,891,091.62. This represents a 8.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Scott R. Allen sold 2,000 shares of the stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $337.50, for a total transaction of $675,000.00. Following the sale, the chief accounting officer directly owned 38,237 shares in the company, valued at approximately $12,904,987.50. This represents a 4.97% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have purchased 23,200 shares of company stock valued at $7,821,723 and have sold 68,623 shares valued at $25,989,258. Company insiders own 0.24% of the company’s stock.

Institutional Trading of Micron Technology

Several hedge funds have recently modified their holdings of MU. High Note Wealth LLC lifted its holdings in 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 in the last quarter. Elevation Wealth Partners LLC increased its stake in shares of Micron Technology by 295.8% in the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock valued at $27,000 after buying an additional 71 shares during the period. Steigerwald Gordon & Koch Inc. increased its stake in shares of Micron Technology by 4,800.0% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock valued at $28,000 after buying an additional 96 shares during the period. Bayban bought a new stake in shares of Micron Technology during the fourth quarter worth $29,000. Finally, Joseph Group Capital Management acquired a new position in shares of Micron Technology during the fourth quarter valued at $31,000. 80.84% of the stock is owned by institutional investors.

Micron Technology News Summary

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.