Mizuho Issues Positive Forecast for Micron Technology (NASDAQ:MU) Stock Price

Key Points

• Mizuho has raised its price target for Micron Technology from $240 to $265, indicating a potential upside of 19.47% from the current stock price.
• Micron's recent quarterly earnings showed a revenue of $11.32 billion, exceeding analyst expectations, with a net margin of 22.84% and year-over-year revenue growth of 46.1%.
• Overall, Micron Technology has received a consensus rating of "Buy" from analysts, with a significant number giving it Strong Buy and Buy ratings, reflecting positive investor sentiment.

Micron Technology (NASDAQ:MU - Get Free Report) had its price target lifted by equities researchers at Mizuho from $240.00 to $265.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an "outperform" rating on the semiconductor manufacturer's stock. Mizuho's target price suggests a potential upside of 19.47% from the stock's previous close.

Several other research analysts have also issued reports on MU. Needham & Company LLC upped their target price on shares of Micron Technology from $150.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, September 24th. Wedbush boosted their price target on shares of Micron Technology from $200.00 to $220.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 24th. New Street Research reissued a "neutral" rating on shares of Micron Technology in a research note on Tuesday, October 14th. The Goldman Sachs Group upped their price objective on shares of Micron Technology from $145.00 to $180.00 and gave the company a "neutral" rating in a research note on Thursday, October 9th. Finally, Rosenblatt Securities upped their price objective on shares of Micron Technology from $200.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, September 24th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $202.79.

Micron Technology Price Performance

Shares of MU traded up $1.72 during mid-day trading on Tuesday, reaching $221.82. 10,740,385 shares of the stock traded hands, compared to its average volume of 23,320,508. The firm has a fifty day moving average price of $161.36 and a 200 day moving average price of $123.83. The company has a market cap of $248.98 billion, a price-to-earnings ratio of 29.16, a price-to-earnings-growth ratio of 0.50 and a beta of 1.56. The company has a current ratio of 2.52, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. Micron Technology has a 1 year low of $61.54 and a 1 year high of $224.98.

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

Insider Activity

In related news, CAO Scott R. Allen sold 8,800 shares of the stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $210.02, for a total transaction of $1,848,176.00. Following the completion of the sale, the chief accounting officer owned 40,237 shares of the company's stock, valued at $8,450,574.74. This represents a 17.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP April S. Arnzen sold 15,000 shares of the stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $164.04, for a total transaction of $2,460,600.00. Following the sale, the executive vice president directly owned 131,580 shares of the company's stock, valued at $21,584,383.20. The trade was a 10.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 144,256 shares of company stock worth $25,564,625. Corporate insiders own 0.30% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. American Capital Advisory LLC raised its position in Micron Technology by 20.4% in the 3rd quarter. American Capital Advisory LLC now owns 272 shares of the semiconductor manufacturer's stock valued at $46,000 after purchasing an additional 46 shares during the last quarter. Teamwork Financial Advisors LLC raised its position in Micron Technology by 0.4% during the 3rd quarter. Teamwork Financial Advisors LLC now owns 14,974 shares of the semiconductor manufacturer's stock worth $2,505,000 after buying an additional 53 shares during the last quarter. Blue Trust Inc. raised its position in Micron Technology by 0.5% during the 3rd quarter. Blue Trust Inc. now owns 10,633 shares of the semiconductor manufacturer's stock worth $1,779,000 after buying an additional 53 shares during the last quarter. Lodestone Wealth Management LLC raised its position in Micron Technology by 3.2% during the 3rd quarter. Lodestone Wealth Management LLC now owns 1,693 shares of the semiconductor manufacturer's stock worth $283,000 after buying an additional 53 shares during the last quarter. Finally, Allen Capital Group LLC raised its position in Micron Technology by 1.2% during the 3rd quarter. Allen Capital Group LLC now owns 4,554 shares of the semiconductor manufacturer's stock worth $762,000 after buying an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company's stock.

About Micron Technology

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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