Micron Technology (NASDAQ:MU - Get Free Report) had its target price lifted by equities research analysts at Deutsche Bank Aktiengesellschaft from $150.00 to $175.00 in a research note issued on Monday,Benzinga reports. The firm presently has a "buy" rating on the semiconductor manufacturer's stock. Deutsche Bank Aktiengesellschaft's price target suggests a potential upside of 11.25% from the stock's current price.
Several other research analysts have also issued reports on MU. Wells Fargo & Company increased their target price on shares of Micron Technology from $150.00 to $170.00 and gave the company an "overweight" rating in a research report on Thursday, June 26th. Erste Group Bank assumed coverage on shares of Micron Technology in a research report on Thursday, August 14th. They issued a "buy" rating for the company. 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. Cantor Fitzgerald upped their target price on shares of Micron Technology from $155.00 to $185.00 and gave the stock an "overweight" rating in a research note on Monday. Finally, Robert W. Baird raised their price target on shares of Micron Technology from $163.00 to $200.00 and gave the company an "outperform" rating in a research report on Friday, June 27th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $155.16.
Check Out Our Latest Stock Analysis on Micron Technology
Micron Technology Stock Performance
NASDAQ MU traded up $0.08 during trading on Monday, reaching $157.31. The company's stock had a trading volume of 7,280,460 shares, compared to its average volume of 22,669,211. The company has a current ratio of 2.75, a quick ratio of 1.89 and a debt-to-equity ratio of 0.30. Micron Technology has a 12 month low of $61.54 and a 12 month high of $160.34. The firm has a 50 day moving average price of $119.94 and a 200 day moving average price of $103.33. The firm has a market capitalization of $176.05 billion, a price-to-earnings ratio of 28.38 and a beta of 1.47.
Micron Technology (NASDAQ:MU - Get Free Report) last announced its quarterly earnings data on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 EPS for the quarter, beating the consensus estimate of $1.57 by $0.34. The business 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 period in the previous year, the business earned $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. As a group, equities analysts anticipate that Micron Technology will post 6.08 EPS for the current fiscal year.
Insider Buying and Selling at Micron Technology
In other Micron Technology news, CEO Sanjay Mehrotra sold 7,500 shares of the stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $140.58, for a total transaction of $1,054,350.00. Following the completion of the sale, the chief executive officer 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Mark J. Murphy sold 34,000 shares of the company's stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $109.32, for a total value of $3,716,880.00. Following the transaction, the chief financial officer directly owned 264,036 shares of the company's stock, valued at $28,864,415.52. The trade was a 11.41% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 273,656 shares of company stock valued at $33,687,309. 0.30% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in MU. 180 Wealth Advisors LLC increased its stake in shares of Micron Technology by 1.9% during the second quarter. 180 Wealth Advisors LLC now owns 5,235 shares of the semiconductor manufacturer's stock valued at $645,000 after purchasing an additional 99 shares in the last quarter. SilverOak Wealth Management LLC boosted its position in shares of Micron Technology by 3.5% in the 2nd quarter. SilverOak Wealth Management LLC now owns 2,955 shares of the semiconductor manufacturer's stock worth $364,000 after purchasing an additional 100 shares in the last quarter. Beta Wealth Group Inc. grew its stake in shares of Micron Technology by 1.5% in the 2nd quarter. Beta Wealth Group Inc. now owns 6,805 shares of the semiconductor manufacturer's stock worth $839,000 after buying an additional 102 shares during the last quarter. HMS Capital Management LLC increased its position in Micron Technology by 0.6% during the 2nd quarter. HMS Capital Management LLC now owns 19,271 shares of the semiconductor manufacturer's stock valued at $2,375,000 after buying an additional 107 shares in the last quarter. Finally, D.B. Root & Company LLC increased its position in Micron Technology by 3.7% during the 1st quarter. D.B. Root & Company LLC now owns 3,018 shares of the semiconductor manufacturer's stock valued at $262,000 after buying an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company's stock.
About Micron Technology
(
Get Free Report)
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.
Further Reading
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