Micron Technology (NASDAQ:MU) Price Target Raised to $245.00

Key Points

• UBS Group has raised Micron Technology's price target from $225.00 to $245.00, indicating a potential upside of 19.49% from the current stock price.
• The semiconductor manufacturer reported $2.86 earnings per share (EPS) for the latest quarter, matching analysts' estimates, with revenue up 46.1% year-over-year.
• Analysts remain optimistic with a majority rating the stock as either a "Strong Buy" or "Buy," contributing to an average price target of $196.71 across the board.

Micron Technology (NASDAQ:MU - Get Free Report) had its target price upped by research analysts at UBS Group from $225.00 to $245.00 in a research report issued to clients and investors on Thursday,Briefing.com Automated Import reports. The firm presently has a "buy" rating on the semiconductor manufacturer's stock. UBS Group's price objective suggests a potential upside of 19.49% from the company's current price.

A number of other equities research analysts have also issued reports on the company. Itau BBA Securities assumed coverage on Micron Technology in a research note on Tuesday, October 7th. They set an "outperform" rating and a $249.00 price target for the company. Robert W. Baird raised their price objective on Micron Technology from $163.00 to $200.00 and gave the stock an "outperform" rating in a report on Friday, June 27th. Piper Sandler raised their price objective on Micron Technology from $165.00 to $200.00 and gave the stock an "overweight" rating in a report on Wednesday, September 24th. The Goldman Sachs Group raised their price objective on Micron Technology from $145.00 to $180.00 and gave the stock a "neutral" rating in a report on Thursday, October 9th. Finally, BNP Paribas upgraded Micron Technology from a "strong sell" rating to a "strong-buy" rating in a report on Monday. Five analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $196.71.

Micron Technology Trading Up 6.8%

Shares of MU stock traded up $13.10 on Thursday, reaching $205.04. 16,868,125 shares of the company's stock were exchanged, compared to its average volume of 23,294,016. Micron Technology has a 52 week low of $61.54 and a 52 week high of $205.36. The company has a current ratio of 2.52, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $230.15 billion, a PE ratio of 26.96, a P/E/G ratio of 0.41 and a beta of 1.56. The company's fifty day simple moving average is $147.72 and its 200 day simple moving average is $115.92.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $2.86. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The firm had revenue of $11.32 billion during the quarter, compared to analyst estimates of $11.05 billion. During the same period last year, the company earned $1.18 EPS. Micron Technology's quarterly revenue was up 46.1% compared to the same quarter last year. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, analysts forecast that Micron Technology will post 6.08 EPS for the current year.

Insider Buying and Selling

In related news, Director Richard M. Beyer sold 5,552 shares of the business's stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $155.68, for a total transaction of $864,335.36. Following the transaction, the director directly owned 96,031 shares in the company, valued at $14,950,106.08. The trade was a 5.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Mark J. Murphy sold 34,000 shares of the business's stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $109.32, for a total value of $3,716,880.00. Following the transaction, the chief financial officer owned 264,036 shares in the company, valued at approximately $28,864,415.52. This trade represents a 11.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 146,956 shares of company stock valued at $22,841,025. 0.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake 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 buying an additional 1,973,294 shares during the last quarter. State Street Corp grew its stake 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 buying an additional 1,349,713 shares during the last quarter. Geode Capital Management LLC grew its stake in Micron Technology by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 25,690,491 shares of the semiconductor manufacturer's stock worth $3,152,974,000 after buying an additional 314,489 shares during the last quarter. Norges Bank acquired a new stake in Micron Technology during the 2nd quarter worth about $1,980,700,000. Finally, Goldman Sachs Group Inc. grew its stake in Micron Technology by 23.8% during 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 purchasing an additional 2,038,641 shares during the last quarter. 80.84% of the stock is currently owned by hedge funds and other 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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