Susquehanna Boosts Micron Technology (NASDAQ:MU) Price Target to $200.00

Key Points

• Susquehanna has raised its price target for Micron Technology from $160.00 to $200.00, suggesting a potential upside of 25.09% from the stock's current price.
• Other brokerages have also adjusted their targets for Micron, with UBS and Mizuho setting targets of $185.00 and $182.00 respectively, indicating a strong consensus on the stock.
• Micron reported better-than-expected quarterly earnings of $1.91 EPS, surpassing analysts' predictions and significantly improving from $0.62 EPS from the previous year.

Micron Technology (NASDAQ:MU - Get Free Report) had its price objective boosted by stock analysts at Susquehanna from $160.00 to $200.00 in a report released on Wednesday,Benzinga reports. The firm presently has a "positive" rating on the semiconductor manufacturer's stock. Susquehanna's price objective indicates a potential upside of 25.09% from the stock's current price.

A number of other brokerages also recently issued reports on MU. KGI Securities downgraded shares of Micron Technology from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 23rd. UBS Group increased their price target on shares of Micron Technology from $155.00 to $185.00 and gave the stock a "buy" rating in a research report on Monday. The Goldman Sachs Group initiated coverage on Micron Technology in a report on Thursday, July 10th. They issued a "neutral" rating and a $130.00 target price on the stock. Mizuho boosted their price target on Micron Technology from $155.00 to $182.00 and gave the stock an "outperform" rating in a report on Tuesday. Finally, TD Cowen raised their price objective on Micron Technology from $125.00 to $150.00 and gave the company a "buy" rating in a research note on Thursday, June 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $159.65.

Micron Technology Stock Up 0.7%

MU stock traded up $1.07 during mid-day trading on Wednesday, reaching $159.89. The company had a trading volume of 6,086,585 shares, compared to its average volume of 22,619,234. The company has a market capitalization of $178.93 billion, a price-to-earnings ratio of 28.81 and a beta of 1.47. Micron Technology has a 52 week low of $61.54 and a 52 week high of $160.39. The stock has a 50 day simple moving average of $121.38 and a two-hundred day simple moving average of $104.16. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.75 and a quick ratio of 1.89.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its quarterly earnings results on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 EPS for the quarter, beating analysts' consensus estimates of $1.57 by $0.34. Micron Technology had a net margin of 18.41% and a return on equity of 13.60%. The firm had revenue of $9.30 billion during the quarter, compared to analysts' expectations of $8.83 billion. During the same quarter last year, the company posted $0.62 earnings per share. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. As a group, equities analysts predict that Micron Technology will post 6.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Mary Pat Mccarthy sold 2,404 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $115.67, for a total value of $278,070.68. Following the transaction, the director owned 20,146 shares of the company's stock, valued at $2,330,287.82. This represents a 10.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Manish H. Bhatia sold 80,000 shares of the firm's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $123.16, for a total value of $9,852,800.00. Following the transaction, the executive vice president directly owned 275,067 shares in the company, valued at approximately $33,877,251.72. This represents a 22.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 268,446 shares of company stock valued at $33,055,075 in the last ninety days. 0.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Micron Technology

Hedge funds and other institutional investors have recently modified their holdings of the stock. Valeo Financial Advisors LLC increased its stake in shares of Micron Technology by 15.6% in the second quarter. Valeo Financial Advisors LLC now owns 10,750 shares of the semiconductor manufacturer's stock worth $1,325,000 after buying an additional 1,447 shares during the period. Silicon Valley Capital Partners grew its holdings in Micron Technology by 56.1% in the 2nd quarter. Silicon Valley Capital Partners now owns 5,583 shares of the semiconductor manufacturer's stock worth $688,000 after acquiring an additional 2,006 shares during the last quarter. WT Wealth Management purchased a new position in shares of Micron Technology in the second quarter valued at about $260,000. SevenBridge Financial Group LLC bought a new position in shares of Micron Technology during the second quarter valued at about $232,000. Finally, Orion Porfolio Solutions LLC grew its stake in shares of Micron Technology by 8.5% in the second quarter. Orion Porfolio Solutions LLC now owns 58,300 shares of the semiconductor manufacturer's stock worth $7,185,000 after purchasing an additional 4,583 shares during the last quarter. Institutional investors own 80.84% of the company's stock.

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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