Micron Technology (NASDAQ:MU) Price Target Raised to $275.00

Key Points

• UBS raised its price target on Micron to $275 (from $245) and maintained a "buy" rating, implying roughly a 23.5% upside from the current share price.
• Micron beat expectations for the quarter with $3.03 EPS vs. $2.86 est. and $11.32B revenue (up 46.1% year-over-year), and set Q1 2026 guidance of $3.60–$3.90 EPS.
• Significant insider selling was reported recently (CFO sold 126,000 shares; CEO sold 3,743 shares; ~409,756 shares sold in the last 90 days), though institutional ownership remains high at about 80.8%.

Micron Technology (NASDAQ:MU - Get Free Report) had its price objective raised by UBS Group from $245.00 to $275.00 in a research report issued on Thursday. The brokerage currently has a "buy" rating on the semiconductor manufacturer's stock. UBS Group's price target points to a potential upside of 23.53% from the stock's current price.

Several other equities research analysts also recently commented on the stock. TD Cowen upped their target price on shares of Micron Technology from $200.00 to $275.00 and gave the company a "buy" rating in a research note on Wednesday. Wolfe Research boosted their price target on shares of Micron Technology from $160.00 to $180.00 and gave the company an "outperform" rating in a report on Wednesday, September 17th. Erste Group Bank assumed coverage on Micron Technology in a research note on Thursday, August 14th. They set a "buy" rating on the stock. CLSA assumed coverage on Micron Technology in a report on Wednesday, August 27th. They set an "outperform" rating and a $155.00 target price on the stock. Finally, Summit Insights raised Micron Technology to a "strong-buy" rating in a research note on Tuesday, September 23rd. Five investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Micron Technology presently has a consensus rating of "Buy" and an average target price of $215.64.

Micron Technology Trading Down 1.5%

NASDAQ:MU traded down $3.31 on Thursday, hitting $222.61. 10,550,589 shares of the stock were exchanged, compared to its average volume of 23,502,922. The stock has a market capitalization of $249.87 billion, a price-to-earnings ratio of 29.29, a P/E/G ratio of 0.51 and a beta of 1.62. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52. Micron Technology has a 52 week low of $61.54 and a 52 week high of $260.58. The company's 50-day moving average price is $199.35 and its 200 day moving average price is $142.96.

Micron Technology (NASDAQ:MU - Get Free Report) last released its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 EPS for the quarter, beating analysts' consensus estimates of $2.86 by $0.17. The business had revenue of $11.32 billion during the quarter, compared to the consensus estimate of $11.05 billion. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The firm's revenue was up 46.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. On average, equities research analysts forecast that Micron Technology will post 6.08 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Mark J. Murphy sold 126,000 shares of the firm's stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $225.31, for a total value of $28,389,060.00. Following the completion of the transaction, the chief financial officer directly owned 219,693 shares of the company's stock, valued at approximately $49,499,029.83. This trade represents a 36.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sanjay Mehrotra sold 3,743 shares of the business's stock in a transaction on Friday, November 7th. The stock was sold at an average price of $233.39, for a total transaction of $873,578.77. Following the transaction, the chief executive officer owned 396,578 shares in the company, valued at approximately $92,557,339.42. The trade was a 0.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 409,756 shares of company stock worth $85,308,033. 0.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Micron Technology

Institutional investors and hedge funds have recently modified their holdings of the company. Achmea Investment Management B.V. purchased a new stake in shares of Micron Technology during the 2nd quarter valued at $3,759,000. KLP Kapitalforvaltning AS grew its position in Micron Technology by 6.2% in the second quarter. KLP Kapitalforvaltning AS now owns 403,105 shares of the semiconductor manufacturer's stock worth $49,683,000 after acquiring an additional 23,600 shares in the last quarter. Cornerstone Investment Partners LLC grew its position in Micron Technology by 1.6% in the second quarter. Cornerstone Investment Partners LLC now owns 773,768 shares of the semiconductor manufacturer's stock worth $95,367,000 after acquiring an additional 12,061 shares in the last quarter. Moors & Cabot Inc. increased its stake in Micron Technology by 6.4% in the second quarter. Moors & Cabot Inc. now owns 23,111 shares of the semiconductor manufacturer's stock valued at $2,848,000 after acquiring an additional 1,386 shares during the last quarter. Finally, Tcfg Wealth Management LLC purchased a new stake in Micron Technology during the second quarter valued at about $208,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.