Micron Technology (NASDAQ:MU) Price Target Raised to $160.00

Key Points

• Micron Technology's target price was raised by Morgan Stanley from $135.00 to $160.00, yet this indicates a potential downside of 3.93% from its previous close.
• Several firms have varying ratings and price targets for Micron, with a consensus price target of $165.54 and most analysts rating it as a "Moderate Buy."
• Micron's stock recently traded at $166.55, showing an increase during mid-day trading with a 12-month high of $170.45.

Micron Technology (NASDAQ:MU - Get Free Report) had its target price hoisted by equities research analysts at Morgan Stanley from $135.00 to $160.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an "equal weight" rating on the semiconductor manufacturer's stock. Morgan Stanley's price objective would suggest a potential downside of 3.93% from the company's previous close.

Several other brokerages have also recently commented on MU. Rosenblatt Securities reiterated a "buy" rating and issued a $200.00 price target on shares of Micron Technology in a research note on Thursday. Robert W. Baird boosted their price target on shares of Micron Technology from $163.00 to $200.00 and gave the stock an "outperform" rating in a research note on Friday, June 27th. Wall Street Zen cut shares of Micron Technology from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 13th. TD Cowen upped their target price on shares of Micron Technology from $150.00 to $180.00 and gave the company a "buy" rating in a research report on Friday. Finally, Erste Group Bank started coverage on shares of Micron Technology in a research report on Thursday, August 14th. They issued a "buy" rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $165.54.

Micron Technology Stock Performance

Shares of MU stock traded up $3.82 during mid-day trading on Monday, reaching $166.55. 15,833,852 shares of the company's stock traded hands, compared to its average volume of 22,765,398. Micron Technology has a 12 month low of $61.54 and a 12 month high of $170.45. The firm has a 50 day moving average price of $123.82 and a two-hundred day moving average price of $105.77. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.89 and a current ratio of 2.75. The firm has a market capitalization of $186.39 billion, a PE ratio of 29.97 and a beta of 1.47.

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

Insider Activity at Micron Technology

In other Micron Technology news, EVP Scott J. Deboer sold 20,000 shares of Micron Technology stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $125.11, for a total transaction of $2,502,200.00. Following the transaction, the executive vice president directly owned 166,353 shares of the company's stock, valued at $20,812,423.83. The trade was a 10.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Manish H. Bhatia sold 80,000 shares of Micron Technology stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $123.16, for a total transaction of $9,852,800.00. Following the transaction, the executive vice president directly owned 275,067 shares in the company, valued at $33,877,251.72. This trade represents a 22.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 275,946 shares of company stock valued at $34,242,567 over the last ninety days. Corporate insiders own 0.30% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Micron Technology by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 103,879,662 shares of the semiconductor manufacturer's stock worth $12,803,168,000 after acquiring an additional 1,973,294 shares in the last quarter. State Street Corp grew its holdings in Micron Technology by 2.7% during the 2nd quarter. State Street Corp now owns 51,373,591 shares of the semiconductor manufacturer's stock worth $6,331,795,000 after acquiring an additional 1,349,713 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Micron Technology by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 25,690,491 shares of the semiconductor manufacturer's stock valued at $3,152,974,000 after buying an additional 314,489 shares in the last quarter. Norges Bank acquired a new position in shares of Micron Technology in the 2nd quarter valued at $1,980,700,000. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Micron Technology by 23.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer's stock valued at $922,467,000 after buying an additional 2,038,641 shares in the last quarter. Institutional investors and hedge funds own 80.84% of the company's stock.

About Micron Technology

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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