Micron Technology (NASDAQ:MU – Get Free Report) had its target price boosted by analysts at Needham & Company LLC from $450.00 to $500.00 in a research note issued on Thursday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the semiconductor manufacturer’s stock. Needham & Company LLC’s price target points to a potential upside of 18.26% from the company’s current price.
A number of other research analysts have also issued reports on MU. HSBC increased their target price on shares of Micron Technology from $350.00 to $500.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Susquehanna boosted their price target on Micron Technology from $345.00 to $525.00 and gave the company a “positive” rating in a research note on Monday, March 9th. William Blair assumed coverage on Micron Technology in a research report on Thursday, January 22nd. They set an “outperform” rating on the stock. Wolfe Research raised their price objective on Micron Technology from $300.00 to $350.00 and gave the stock an “outperform” rating in a research note on Thursday, December 18th. Finally, Raymond James Financial lifted their price objective on Micron Technology from $190.00 to $310.00 and gave the company an “outperform” rating in a report on Thursday, December 18th. Five analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $453.55.
Read Our Latest Analysis on MU
Micron Technology Trading Down 4.8%
Micron Technology (NASDAQ:MU – Get Free Report) last released its quarterly 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. 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 analyst estimates of $18.90 billion. During the same period last year, the firm earned $1.56 earnings per share. Micron Technology’s revenue for the quarter was up 196.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Micron Technology will post 6.08 EPS for the current year.
Insider Buying and Selling at Micron Technology
In other Micron Technology news, Director Teyin M. Liu purchased 11,600 shares of the firm’s stock in a transaction dated Tuesday, January 13th. The shares were bought at an average price of $337.07 per share, for a total transaction of $3,910,012.00. Following the purchase, the director owned 14,310 shares in the company, valued at approximately $4,823,471.70. This trade represents a 428.04% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Scott R. Allen sold 2,000 shares of the business’s 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 transaction, the chief accounting officer directly owned 38,237 shares of the company’s stock, valued at $12,904,987.50. This trade represents a 4.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders acquired 23,200 shares of company stock valued at $7,821,723 and sold 68,623 shares valued at $25,989,258. Company insiders own 0.24% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Manning & Napier Advisors LLC lifted its holdings in shares of Micron Technology by 2.4% in the fourth quarter. Manning & Napier Advisors LLC now owns 1,030 shares of the semiconductor manufacturer’s stock worth $301,000 after acquiring an additional 24 shares during the last quarter. SWAN Capital LLC grew its holdings in shares of Micron Technology by 9.7% during the 4th quarter. SWAN Capital LLC now owns 271 shares of the semiconductor manufacturer’s stock valued at $77,000 after purchasing an additional 24 shares during the last quarter. Vivaldi Capital Management LP increased its position in Micron Technology by 1.2% during the 4th quarter. Vivaldi Capital Management LP now owns 1,964 shares of the semiconductor manufacturer’s stock worth $561,000 after purchasing an additional 24 shares in the last quarter. Round Rock Advisors LLC increased its position in Micron Technology by 0.6% during the 4th quarter. Round Rock Advisors LLC now owns 4,333 shares of the semiconductor manufacturer’s stock worth $1,237,000 after purchasing an additional 25 shares in the last quarter. Finally, Arlington Trust Co LLC lifted its stake in Micron Technology by 26.3% in the 4th quarter. Arlington Trust Co LLC now owns 120 shares of the semiconductor manufacturer’s stock valued at $34,000 after purchasing an additional 25 shares during the last quarter. Institutional investors own 80.84% of the company’s stock.
Trending Headlines about Micron Technology
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.
Recommended Stories
Receive News & Ratings for Micron Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Micron Technology and related companies with MarketBeat.com's FREE daily email newsletter.
