Micron Technology (NASDAQ:MU) Given New $1,520.00 Price Target at Robert W. Baird

Key Points

• Robert W. Baird raised Micron’s price target from $1,280 to $1,520 while maintaining an “outperform” rating, implying roughly 40% upside from the reported share price.
• Analyst sentiment remains broadly positive, with Micron carrying a “Moderate Buy” consensus rating and an average price target of $1,348.03; several firms have issued or maintained Buy ratings with targets up to $1,625.
• Micron’s outlook is supported by AI-driven demand for high-bandwidth memory and tight memory supply, but investors remain focused on upcoming earnings, potential margin normalization, macroeconomic pressures, and recent insider selling.

Micron Technology (NASDAQ:MU - Get Free Report) had its target price upped by equities research analysts at Robert W. Baird from $1,280.00 to $1,520.00 in a report released on Monday, MarketBeat reports. The firm presently has an "outperform" rating on the semiconductor manufacturer's stock. Robert W. Baird's price objective points to a potential upside of 40.44% from the company's current price.

Other analysts have also issued research reports about the stock. Erste Group Bank raised shares of Micron Technology from a "hold" rating to a "buy" rating in a report on Thursday, June 25th. Wolfe Research set a $1,500.00 price target on Micron Technology in a research note on Thursday, June 25th. UBS Group restated a "buy" rating and issued a $1,625.00 price target (up from $535.00) on shares of Micron Technology in a research report on Wednesday. TD Cowen reaffirmed a "buy" rating and set a $1,600.00 price objective (up from $1,500.00) on shares of Micron Technology in a research note on Wednesday, September 16th. Finally, Seaport Research Partners reiterated a "buy" rating on shares of Micron Technology in a report on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $1,348.03.

Micron Technology Price Performance

Shares of NASDAQ:MU opened at $1,082.28 on Monday. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98. The stock has a market cap of $1.22 trillion, a price-to-earnings ratio of 24.50, a P/E/G ratio of 0.68 and a beta of 2.22. The company has a 50 day moving average of $944.98 and a 200-day moving average of $800.38. Micron Technology has a one year low of $155.18 and a one year high of $1,255.00.

Insider Buying and Selling at Micron Technology

In related news, Director Lynn Dugle sold 1,300 shares of the stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total transaction of $1,495,559.00. Following the completion of the sale, the director directly owned 17,728 shares of the company's stock, valued at approximately $20,394,823.04. This represents a 6.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Scott Allen sold 879 shares of the firm's stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the sale, the chief accounting officer owned 34,958 shares in the company, valued at $34,958,000. This trade represents a 2.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 137,179 shares of company stock worth $135,792,625 in the last quarter. Company insiders own 0.24% of the company's stock.

Institutional Investors Weigh In On Micron Technology

A number of hedge funds and other institutional investors have recently made changes to their positions in MU. M.E. Allison & CO. Inc. increased its stake in Micron Technology by 0.8% during the 2nd quarter. M.E. Allison & CO. Inc. now owns 1,324 shares of the semiconductor manufacturer's stock worth $1,528,000 after acquiring an additional 11 shares during the period. Cherrydale Wealth Management LLC increased its position in shares of Micron Technology by 1.4% in the second quarter. Cherrydale Wealth Management LLC now owns 972 shares of the semiconductor manufacturer's stock worth $1,122,000 after purchasing an additional 13 shares during the period. Bellevue Asset Management LLC raised its stake in Micron Technology by 25.5% in the second quarter. Bellevue Asset Management LLC now owns 64 shares of the semiconductor manufacturer's stock valued at $74,000 after purchasing an additional 13 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC lifted its position in Micron Technology by 8.8% during the second quarter. Mowery & Schoenfeld Wealth Management LLC now owns 161 shares of the semiconductor manufacturer's stock worth $186,000 after purchasing an additional 13 shares during the period. Finally, Red Door Wealth Management LLC grew its stake in Micron Technology by 0.7% during the second quarter. Red Door Wealth Management LLC now owns 1,914 shares of the semiconductor manufacturer's stock worth $2,209,000 after buying an additional 14 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Micron Technology

Here are the key news stories impacting Micron Technology this week:

• Positive Sentiment: Analysts remain optimistic about Micron’s exposure to AI-related demand, particularly for high-bandwidth memory (HBM). Tight DRAM and NAND supply, stronger pricing, and expectations for sharply higher earnings have led several analysts to maintain Buy ratings and raise price targets. Micron: Remains A Strong Buy Ahead Of Q4 Earnings
• Positive Sentiment: FactSet-tracked analysts expect Micron’s August-quarter earnings per share to increase dramatically from the prior year. Investors are looking for a potential earnings beat and evidence that AI demand will support elevated margins, pricing power, and the company’s fiscal 2027 outlook. Why Micron May Overtake Nvidia as Biggest S&P 500 Earnings Growth Driver
• Positive Sentiment: Micron’s planned 512GB RDIMM rollout and large U.S. manufacturing investments reinforce its positioning in higher-capacity memory markets, although these initiatives are longer-term catalysts rather than immediate earnings drivers. What Lies Ahead for Micron in the Upcoming Fourth Quarter Report?
• Neutral Sentiment: Wednesday’s earnings release is the key near-term catalyst. A strong report may validate the memory upcycle, while guidance on HBM4, DRAM, NAND, supply constraints, and fiscal 2027 demand will likely determine the market’s next reaction.
• Negative Sentiment: Higher oil prices and bond yields are pressuring growth stocks and reducing the appeal of richly valued semiconductor shares. Why Micron Stock Is Falling in Pre-Market Today and What Top Analysts Expect Next
• Negative Sentiment: Investors are increasingly concerned that AI capital spending could slow or that memory-industry margins may normalize after the current boom. Micron’s approximately 86% gross-margin guidance has raised questions about how sustainable peak-cycle profitability will be. Micron Stock Sinks on AI Safety Fears, Higher Yields
• Negative Sentiment: Sharp declines in South Korean memory-chip shares Samsung Electronics and SK Hynix are adding sector-wide caution. Reported insider selling at Micron, with no listed insider purchases over the past six months, is another sentiment headwind.

About Micron Technology

Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.

Micron's products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.

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