Micron Technology (NASDAQ:MU) Stock Price Expected to Rise, Bank of America Analyst Says

Key Points

• Analyst upgrades: Bank of America raised its price target on Micron from $400 to $500 (buy rating) and Barclays lifted its target to a street-high $675, while the consensus remains a Buy with an average target around $445, implying further upside.
• Blowout quarter: Micron reported Q2 EPS of $12.20 (vs. $8.50 est.) and revenue of $23.86B (up ~196% YoY), but the stock fell intraday to $444.98 amid profit-taking and market headwinds.
• Management flagged a meaningful increase in capital spending to expand HBM/DRAM capacity—raising near-term free-cash-flow concerns—even as Micron boosted its quarterly dividend by about 30% to $0.15.

Micron Technology (NASDAQ:MU - Get Free Report) had its target price lifted by Bank of America from $400.00 to $500.00 in a report issued on Thursday,Benzinga reports. The firm currently has a "buy" rating on the semiconductor manufacturer's stock. Bank of America's price objective indicates a potential upside of 12.36% from the stock's current price.

Several other research analysts also recently weighed in on the stock. Summit Insights downgraded shares of Micron Technology from a "buy" rating to a "hold" rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Micron Technology from $500.00 to $550.00 and gave the company a "buy" rating in a research report on Thursday. Barclays raised their target price on Micron Technology from $450.00 to $675.00 and gave the stock an "overweight" rating in a report on Thursday. Itau BBA Securities reiterated an "outperform" rating on shares of Micron Technology in a research report on Thursday, December 18th. Finally, Needham & Company LLC boosted their price target on Micron Technology from $450.00 to $500.00 and gave the company a "buy" rating in a report on Thursday. Five analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $444.93.

Micron Technology Stock Performance

Shares of Micron Technology stock traded down $16.75 during trading hours on Thursday, reaching $444.98. 53,684,337 shares of the stock traded hands, compared to its average volume of 36,892,848. The company has a 50 day moving average price of $398.74 and a 200 day moving average price of $279.79. The firm has a market capitalization of $500.83 billion, a price-to-earnings ratio of 42.25 and a beta of 1.50. Micron Technology has a one year low of $61.54 and a one year high of $471.34. The company has a quick ratio of 1.78, a current ratio of 2.46 and a debt-to-equity ratio of 0.19.

Micron Technology (NASDAQ:MU - Get Free Report) last issued its quarterly earnings data on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share for the quarter, topping the consensus estimate of $8.50 by $3.70. The firm had revenue of $23.86 billion for the quarter, compared to analysts' expectations of $18.90 billion. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. The business's quarterly revenue was up 196.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.56 EPS. On average, equities research analysts expect that Micron Technology will post 6.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Micron Technology news, EVP April S. Arnzen sold 15,000 shares of the stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $277.09, for a total transaction of $4,156,350.00. Following the completion of the sale, the executive vice president directly owned 165,618 shares of the company's stock, valued at $45,891,091.62. This trade represents a 8.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Teyin M. Liu bought 11,600 shares of the stock in a transaction dated Tuesday, January 13th. The stock was bought at an average cost of $337.07 per share, for a total transaction of $3,910,012.00. Following the acquisition, the director directly owned 14,310 shares of the company's stock, valued at approximately $4,823,471.70. This represents a 428.04% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders bought 23,200 shares of company stock valued at $7,821,723 and sold 73,623 shares valued at $27,307,408. Insiders own 0.24% of the company's stock.

Institutional Trading of Micron Technology

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC lifted its position in shares of Micron Technology by 18.3% in the fourth quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer's stock worth $532,000 after buying an additional 976 shares in the last quarter. Sivia Capital Partners LLC grew its holdings in Micron Technology by 21.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,528 shares of the semiconductor manufacturer's stock valued at $435,000 after buying an additional 628 shares in the last quarter. United Bank bought a new stake in Micron Technology in the 2nd quarter worth approximately $236,000. Schnieders Capital Management LLC. raised its holdings in shares of Micron Technology by 67.9% during the 2nd quarter. Schnieders Capital Management LLC. now owns 16,984 shares of the semiconductor manufacturer's stock worth $2,093,000 after acquiring an additional 6,867 shares in the last quarter. Finally, Kingsview Wealth Management LLC raised its holdings in shares of Micron Technology by 12.5% during the 2nd quarter. Kingsview Wealth Management LLC now owns 5,964 shares of the semiconductor manufacturer's stock worth $735,000 after acquiring an additional 661 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors.

Trending Headlines about Micron Technology

Here are the key news stories impacting Micron Technology this week:

• Positive Sentiment: Blowout quarter — MU reported record Q2 results (revenue ~$23.9B, EPS ~$12.20) and outlook that materially exceeded Street forecasts, underpinning upside for future earnings. Micron Q2 Earnings Crush Estimates, Q3 Guidance Above Street View
• Positive Sentiment: Wall Street raises price targets — multiple firms lifted targets (Barclays to $675 street-high; Cantor, KeyCorp, Wells Fargo, Deutsche Bank and others raised theirs), signaling sustained analyst conviction in MU’s AI-driven revenue trajectory. Micron stock gets street-high $675 price target
• Positive Sentiment: Dividend hike — Micron raised its quarterly dividend ~30% to $0.15, a small but constructive signal about cash generation and shareholder returns. Micron Technology raises dividend by 30.4% to $0.15
• Neutral Sentiment: Product/production ramps — Micron is ramping HBM4 and PCIe Gen6 SSDs for AI/data-center customers (notably NVIDIA), which supports long-term demand but takes time to convert into incremental supply. Micron’s New HBM4 And PCIe Gen6 SSDs Test Lofty AI Valuation
• Neutral Sentiment: Debate over supply vs. demand — analysts are split: some see a durable supply shortage supporting pricing; others warn planned capacity adds could stabilize pricing later. That ambiguity is keeping some traders sidelined. Why Are Micron Technology Shares Trading Lower On Thursday?
• Negative Sentiment: Hefty capex guidance — management signaled a “meaningful” increase in capital spending to expand HBM/DRAM capacity; investors worry near-term spending will compress free cash flow and earnings multiple despite strong revenue. Micron shares slip as hefty spending plans eclipse strong AI-fueled earnings
• Negative Sentiment: Profit-taking and stretched valuation — MU has run sharply over the past year; some selling reflects rotation and option/positioning dynamics that can magnify intraday weakness after a “sell-the-news” event. Micron falls more than 5% despite blockbuster earnings
• Negative Sentiment: Macro/geopolitical and energy concerns — wider market risk-off (including a reported attack on Qatari energy infrastructure) lifted energy/macro risks, which weighed on cyclical/tech stocks including MU. Micron stock: why attack on Qatar's energy facility is bearish for it

About Micron Technology

Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.

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.