Micron Technology (NASDAQ:MU) Given New $1,750.00 Price Target at Susquehanna

Micron Technology (NASDAQ:MU) had its price objective raised by Susquehanna from $600.00 to $1,750.00 in a research report released on Friday morning, MarketBeat Ratings reports. The firm currently has a positive rating on the semiconductor manufacturer’s stock.

Other equities research analysts have also recently issued research reports about the stock. Morgan Stanley upped their price objective on shares of Micron Technology from $350.00 to $450.00 and gave the stock an “overweight” rating in a report on Wednesday, February 11th. Wells Fargo & Company upped their price objective on shares of Micron Technology from $470.00 to $550.00 and gave the stock an “overweight” rating in a report on Thursday, March 19th. KeyCorp upped their price objective on shares of Micron Technology from $450.00 to $600.00 and gave the stock an “overweight” rating in a report on Thursday, March 19th. Melius Research assumed coverage on shares of Micron Technology in a report on Monday, April 27th. They issued a “buy” rating and a $700.00 price objective on the stock. Finally, TD Cowen upped their price objective on shares of Micron Technology from $550.00 to $660.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Five research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $595.63.

Micron Technology Price Performance

Shares of MU opened at $970.47 on Friday. The stock has a market cap of $1.09 trillion, a PE ratio of 45.82 and a beta of 1.91. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90. Micron Technology has a fifty-two week low of $92.22 and a fifty-two week high of $981.00. The firm’s 50-day simple moving average is $557.48 and its two-hundred day simple moving average is $411.31.

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 $9.19 by $3.01. The business had revenue of $23.86 billion for the quarter, compared to analysts’ expectations of $19.97 billion. Micron Technology had a net margin of 41.49% and a return on equity of 41.16%. The business’s revenue was up 196 compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.56 earnings per share. Analysts anticipate that Micron Technology will post 58.62 earnings per share for the current fiscal year.

Micron Technology Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Monday, March 30th were issued a dividend of $0.15 per share. The ex-dividend date was Monday, March 30th. This is a positive change from Micron Technology’s previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio is currently 2.83%.

Insider Activity

In other news, Director Steven J. Gomo sold 2,000 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $787.03, for a total transaction of $1,574,060.00. Following the sale, the director owned 17,139 shares in the company, valued at $13,488,907.17. This represents a 10.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Sumit Sadana sold 24,000 shares of the stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the sale, the executive vice president owned 224,021 shares in the company, valued at approximately $94,391,248.35. The trade was a 9.68% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 106,000 shares of company stock worth $47,032,460. Corporate insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Micron Technology

A number of institutional investors have recently made changes to their positions in MU. Signature Equity Partners LLC raised its holdings in shares of Micron Technology by 6.3% in the 1st quarter. Signature Equity Partners LLC now owns 253 shares of the semiconductor manufacturer’s stock valued at $86,000 after purchasing an additional 15 shares in the last quarter. Clearwater Capital Advisors LLC raised its holdings in shares of Micron Technology by 1.1% in the 1st quarter. Clearwater Capital Advisors LLC now owns 1,617 shares of the semiconductor manufacturer’s stock valued at $546,000 after purchasing an additional 18 shares in the last quarter. Capital Advisors Ltd. LLC raised its holdings in shares of Micron Technology by 10.3% in the 1st quarter. Capital Advisors Ltd. LLC now owns 247 shares of the semiconductor manufacturer’s stock valued at $83,000 after purchasing an additional 23 shares in the last quarter. Manning & Napier Advisors LLC raised its holdings in shares of Micron Technology by 2.4% in the 4th quarter. Manning & Napier Advisors LLC now owns 1,030 shares of the semiconductor manufacturer’s stock valued at $301,000 after purchasing an additional 24 shares in the last quarter. Finally, SWAN Capital LLC raised its holdings in shares of Micron Technology by 9.7% in 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 in the last quarter. Hedge funds and other 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: UBS and Susquehanna sharply raised their price targets on Micron, reinforcing the view that AI memory demand could support much more upside. Analyst price target update
• Positive Sentiment: Commentary around Micron crossing a $1 trillion market cap is fueling momentum buying and signaling that investors now view MU as a core AI beneficiary rather than a traditional cyclical chip stock. Micron valuation check article
• Positive Sentiment: Multiple reports highlight strong quarterly revenue growth, expanding cloud-memory demand, and record gross margins, which support the case for continued earnings strength. AI memory boom article
• Neutral Sentiment: Fund filings showed mixed institutional activity, with some large hedge funds adding to MU while others trimmed positions, suggesting broad interest but not unanimous conviction. Hedge fund activity article
• Negative Sentiment: Some analysts and commentators warned that Micron’s valuation may be getting stretched, and bearish pieces raised concerns about competition, cannibalization, and a potential depreciation “cliff” if AI spending slows. Bearish downgrade article
• Negative Sentiment: Samsung’s new AI memory chip and ongoing rivalry with SK Hynix underscore that competition in high-margin AI memory remains intense. Samsung rivalry article

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.