Cantor Fitzgerald Boosts Micron Technology (NASDAQ:MU) Price Target to $185.00

Key Points

• Cantor Fitzgerald has raised its price target for Micron Technology from $155.00 to $185.00, indicating a potential upside of 17.66% from its current price.
• The company reported earnings of $1.91 EPS for the quarter, exceeding the consensus estimate of $1.57, along with revenues of $9.30 billion compared to the expected $8.83 billion.
• Micron Technology has received several upgrades from various analysts, with ratings including two "Strong Buy," twenty-one "Buy," and five "Hold" recommendations, reflecting positive market sentiment.

Micron Technology (NASDAQ:MU - Get Free Report) had its target price increased by stock analysts at Cantor Fitzgerald from $155.00 to $185.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has an "overweight" rating on the semiconductor manufacturer's stock. Cantor Fitzgerald's target price would indicate a potential upside of 17.66% from the company's current price.

MU has been the topic of several other reports. Arete Research raised Micron Technology to a "strong-buy" rating in a research report on Friday, July 18th. Wedbush lifted their target price on Micron Technology from $150.00 to $165.00 and gave the stock an "outperform" rating in a research report on Thursday, June 26th. Robert W. Baird boosted their price target on Micron Technology from $163.00 to $200.00 and gave the company an "outperform" rating in a research note on Friday, June 27th. Deutsche Bank Aktiengesellschaft assumed coverage on Micron Technology in a research note on Thursday, July 10th. They set a "buy" rating and a $150.00 price target on the stock. Finally, Wall Street Zen lowered Micron Technology from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $154.16.

Micron Technology Trading Up 4.4%

Shares of NASDAQ:MU opened at $157.23 on Monday. The company has a market cap of $175.96 billion, a P/E ratio of 28.33 and a beta of 1.47. The stock's 50-day moving average is $119.94 and its 200-day moving average is $103.33. Micron Technology has a 52-week low of $61.54 and a 52-week high of $158.28. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.89 and a current ratio of 2.75.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its quarterly earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.34. The company had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $8.83 billion. Micron Technology had a return on equity of 13.60% and a net margin of 18.41%.During the same period last year, the business posted $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. Equities research analysts predict that Micron Technology will post 6.08 earnings per share for the current year.

Insiders Place Their Bets

In other Micron Technology news, CEO Sanjay Mehrotra sold 7,500 shares of the stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $140.58, for a total value of $1,054,350.00. Following the transaction, the chief executive officer directly owned 355,148 shares of the company's stock, valued at $49,926,705.84. This represents a 2.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven J. Gomo sold 7,000 shares of the stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $125.15, for a total transaction of $876,050.00. Following the completion of the transaction, the director directly owned 22,762 shares in the company, valued at approximately $2,848,664.30. This represents a 23.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 273,656 shares of company stock worth $33,687,309 in the last three months. Insiders own 0.30% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Mission Wealth Management LP increased its holdings in shares of Micron Technology by 195.2% during the first quarter. Mission Wealth Management LP now owns 15,650 shares of the semiconductor manufacturer's stock worth $1,360,000 after purchasing an additional 10,348 shares during the period. Centre Asset Management LLC bought a new position in shares of Micron Technology during the first quarter worth approximately $7,720,000. Czech National Bank boosted its position in shares of Micron Technology by 6.4% during the 1st quarter. Czech National Bank now owns 255,908 shares of the semiconductor manufacturer's stock worth $22,236,000 after acquiring an additional 15,485 shares in the last quarter. TB Alternative Assets Ltd. boosted its position in shares of Micron Technology by 331.3% during the 1st quarter. TB Alternative Assets Ltd. now owns 79,788 shares of the semiconductor manufacturer's stock worth $6,933,000 after acquiring an additional 61,288 shares in the last quarter. Finally, Stock Yards Bank & Trust Co. acquired a new stake in shares of Micron Technology during the 1st quarter worth approximately $228,000. 80.84% of the stock is owned by institutional investors.

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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