Micron Technology (NASDAQ:MU – Get Free Report) had its price objective upped by research analysts at Wedbush from $150.00 to $165.00 in a report issued on Friday, MarketBeat Ratings reports. The brokerage currently has an “outperform” rating on the semiconductor manufacturer’s stock. Wedbush’s price objective would indicate a potential upside of 31.85% from the stock’s current price. Wedbush also issued estimates for Micron Technology’s Q3 2025 earnings at $1.53 EPS, FY2025 earnings at $6.55 EPS and Q4 2026 earnings at $4.48 EPS.
Other research analysts also recently issued research reports about the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $130.00 price objective on shares of Micron Technology in a research report on Friday, March 21st. Mizuho increased their price objective on Micron Technology from $124.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, June 5th. Wall Street Zen raised Micron Technology from a “hold” rating to a “buy” rating in a research report on Saturday, June 14th. KGI Securities upgraded shares of Micron Technology to a “strong-buy” rating in a research note on Friday, February 21st. Finally, UBS Group lifted their price target on shares of Micron Technology from $92.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, June 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $144.67.
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Micron Technology Stock Down 1.7%
Micron Technology (NASDAQ:MU – Get Free Report) last released its quarterly earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 EPS for the quarter, topping the consensus estimate of $1.57 by $0.34. Micron Technology had a return on equity of 10.87% and a net margin of 14.92%. The firm had revenue of $9.30 billion during the quarter, compared to analyst estimates of $8.83 billion. During the same period in the previous year, the company posted $0.62 EPS. Equities analysts predict that Micron Technology will post 6.08 EPS for the current fiscal year.
Insider Transactions at Micron Technology
In related news, Director Mary Pat Mccarthy sold 2,404 shares of the stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $80.00, for a total transaction of $192,320.00. Following the transaction, the director now directly owns 24,954 shares in the company, valued at approximately $1,996,320. This represents a 8.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Sanjay Mehrotra sold 3,562 shares of Micron Technology stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $110.46, for a total transaction of $393,458.52. Following the transaction, the chief executive officer now directly owns 391,113 shares in the company, valued at approximately $43,202,341.98. This trade represents a 0.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 37,404 shares of company stock valued at $4,130,167 in the last quarter. 0.30% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the business. Brighton Jones LLC boosted its stake in shares of Micron Technology by 18.3% during the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock valued at $532,000 after buying an additional 976 shares during the last quarter. Bank Pictet & Cie Europe AG grew its stake in Micron Technology by 19.5% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 85,722 shares of the semiconductor manufacturer’s stock worth $7,214,000 after purchasing an additional 13,985 shares in the last quarter. Private Advisor Group LLC increased its holdings in Micron Technology by 15.3% in the fourth quarter. Private Advisor Group LLC now owns 98,177 shares of the semiconductor manufacturer’s stock valued at $8,263,000 after buying an additional 13,052 shares during the last quarter. Ieq Capital LLC raised its stake in Micron Technology by 5.2% during the fourth quarter. Ieq Capital LLC now owns 64,569 shares of the semiconductor manufacturer’s stock valued at $5,434,000 after buying an additional 3,179 shares in the last quarter. Finally, Concurrent Investment Advisors LLC grew its position in shares of Micron Technology by 24.4% in the 4th quarter. Concurrent Investment Advisors LLC now owns 7,873 shares of the semiconductor manufacturer’s stock worth $663,000 after acquiring an additional 1,542 shares in the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.
Micron Technology Company Profile
Micron Technology, Inc designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides memory and storage technologies comprising dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; non-volatile and re-writeable semiconductor storage devices; and non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels.
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