Micron Technology (NASDAQ:MU) Price Target Raised to $165.00 at Wedbush

Micron Technology (NASDAQ:MU - Get Free Report) had its target price lifted by stock analysts at Wedbush from $150.00 to $165.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an "outperform" rating on the semiconductor manufacturer's stock. Wedbush's target price indicates a potential upside of 29.33% from the company's previous close. 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.

A number of other research firms have also weighed in on MU. Mizuho raised their price target on shares of Micron Technology from $124.00 to $130.00 and gave the company an "outperform" rating in a research report on Thursday, June 5th. Raymond James Financial increased their price target on Micron Technology from $120.00 to $150.00 and gave the stock an "outperform" rating in a research note on Thursday. Wells Fargo & Company upped their price objective on shares of Micron Technology from $150.00 to $170.00 and gave the company an "overweight" rating in a report on Thursday. Bank of America lifted their target price on shares of Micron Technology from $84.00 to $140.00 and gave the stock a "neutral" rating in a research note on Thursday. Finally, Rosenblatt Securities lifted their price objective on shares of Micron Technology from $172.00 to $200.00 and gave the company a "buy" rating in a research note on Monday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $144.67.

Micron Technology Stock Up 0.3%

MU traded up $0.33 during midday trading on Thursday, reaching $127.58. 9,130,566 shares of the company were exchanged, compared to its average volume of 23,444,315. The company has a market cap of $142.58 billion, a price-to-earnings ratio of 30.50 and a beta of 1.28. Micron Technology has a one year low of $61.54 and a one year high of $144.07. The company's fifty day moving average price is $96.45 and its 200 day moving average price is $93.89. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.99 and a current ratio of 3.13.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its 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. Micron Technology had a return on equity of 10.87% and a net margin of 14.92%. The company had revenue of $9.30 billion for the quarter, compared to analysts' expectations of $8.83 billion. During the same quarter in the previous year, the firm earned $0.62 earnings per share. As a group, analysts expect that Micron Technology will post 6.08 EPS for the current year.

Insider Activity at Micron Technology

In related news, CEO Sanjay Mehrotra sold 5,210 shares of the stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $121.35, for a total transaction of $632,233.50. Following the completion of the sale, the chief executive officer now directly owns 379,675 shares in the company, valued at $46,073,561.25. This represents a 1.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mary Pat Mccarthy sold 2,404 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $80.00, for a total value of $192,320.00. Following the transaction, the director now owns 24,954 shares in the company, valued at approximately $1,996,320. The trade was a 8.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,404 shares of company stock valued at $4,130,167. Insiders own 0.30% of the company's stock.

Hedge Funds Weigh In On Micron Technology

A number of hedge funds have recently modified their holdings of the company. Brighton Jones LLC raised its holdings in shares of Micron Technology by 18.3% during the fourth quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer's stock valued at $532,000 after acquiring an additional 976 shares in the last quarter. Bank Pictet & Cie Europe AG raised its holdings in Micron Technology by 19.5% in the 4th 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. Wealthspire Advisors LLC lifted its position in shares of Micron Technology by 88.0% in the 4th quarter. Wealthspire Advisors LLC now owns 5,669 shares of the semiconductor manufacturer's stock worth $477,000 after purchasing an additional 2,654 shares during the period. IFP Advisors Inc lifted its position in shares of Micron Technology by 94.1% in the 4th quarter. IFP Advisors Inc now owns 19,036 shares of the semiconductor manufacturer's stock worth $1,602,000 after purchasing an additional 9,227 shares during the period. Finally, Crestwood Advisors Group LLC boosted its stake in shares of Micron Technology by 30.0% during the 4th quarter. Crestwood Advisors Group LLC now owns 2,967 shares of the semiconductor manufacturer's stock valued at $250,000 after purchasing an additional 684 shares in the last quarter. Hedge funds and other institutional investors 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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