Micron Technology (NASDAQ:MU) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Micron Technology (NASDAQ:MU) had its price target hoisted by equities researchers at The Goldman Sachs Group from $360.00 to $400.00 in a report released on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the semiconductor manufacturer’s stock. The Goldman Sachs Group’s price objective points to a potential downside of 5.39% from the company’s current price.

A number of other research firms have also recently weighed in on MU. Bank of America raised their price target on shares of Micron Technology from $400.00 to $500.00 and gave the company a “buy” rating in a report on Thursday. Stifel Nicolaus increased their price target on Micron Technology from $360.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Mizuho lifted their target price on shares of Micron Technology from $390.00 to $480.00 and gave the company an “outperform” rating in a report on Tuesday, January 27th. Needham & Company LLC upped their target price on Micron Technology from $450.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, TD Cowen boosted their price objective on Micron Technology from $450.00 to $500.00 and gave the stock a “buy” rating in a research note on Monday, March 16th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $453.55.

Micron Technology Price Performance

NASDAQ:MU opened at $422.81 on Thursday. The business’s 50-day simple moving average is $402.64 and its two-hundred day simple moving average is $283.04. Micron Technology has a 52 week low of $61.54 and a 52 week high of $471.34. The stock has a market cap 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 (NASDAQ:MU) last posted its earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 EPS for the quarter, topping analysts’ consensus estimates of $8.50 by $3.70. The company had revenue of $23.86 billion for the quarter, compared to the consensus estimate of $18.90 billion. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.The firm’s revenue for the quarter was up 196.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.56 earnings per share. As a group, 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 April S. Arnzen sold 15,000 shares of the business’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $277.09, for a total value of $4,156,350.00. Following the transaction, the executive vice president directly owned 165,618 shares of the company’s stock, valued at approximately $45,891,091.62. The trade was a 8.30% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Sumit Sadana sold 25,000 shares of Micron Technology stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $429.89, for a total transaction of $10,747,250.00. Following the completion of the sale, the executive vice president directly owned 248,021 shares in the company, valued at approximately $106,621,747.69. The trade was a 9.16% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders acquired 23,200 shares of company stock valued at $7,821,723 and sold 68,623 shares valued at $25,989,258. 0.24% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of MU. Vanguard Group Inc. lifted its holdings in Micron Technology by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer’s stock valued at $30,427,016,000 after acquiring an additional 1,954,644 shares during the period. State Street Corp increased its holdings in Micron Technology by 2.1% during the 4th quarter. State Street Corp now owns 52,749,817 shares of the semiconductor manufacturer’s stock valued at $15,061,310,000 after acquiring an additional 1,090,644 shares in the last quarter. Capital International Investors boosted its stake in shares of Micron Technology by 0.7% during the third quarter. Capital International Investors now owns 23,372,821 shares of the semiconductor manufacturer’s stock valued at $3,910,198,000 after acquiring an additional 155,860 shares during the last quarter. Norges Bank purchased a new stake in shares of Micron Technology during the fourth quarter worth about $6,433,456,000. Finally, Morgan Stanley grew its stake in Micron Technology by 5.1% in the 4th quarter. Morgan Stanley now owns 16,396,655 shares of the semiconductor manufacturer’s stock worth $4,679,771,000 after acquiring an additional 794,289 shares during the period. Institutional investors and hedge funds own 80.84% of the company’s stock.

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

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.