Rosenblatt Securities Increases Micron Technology (NASDAQ:MU) Price Target to $300.00

Micron Technology (NASDAQ:MU) had its price target boosted by Rosenblatt Securities from $250.00 to $300.00 in a report released on Monday,Benzinga reports. The firm currently has a “buy” rating on the semiconductor manufacturer’s stock. Rosenblatt Securities’ price objective would indicate a potential upside of 31.29% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. BNP Paribas raised shares of Micron Technology from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, October 13th. Susquehanna lifted their target price on Micron Technology from $160.00 to $200.00 and gave the stock a “positive” rating in a research report on Wednesday, September 17th. TD Cowen boosted their target price on Micron Technology from $150.00 to $180.00 and gave the company a “buy” rating in a report on Friday, September 19th. Wolfe Research upped their target price on Micron Technology from $160.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, September 17th. Finally, KGI Securities upgraded Micron Technology from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 24th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $211.18.

Micron Technology Stock Performance

Shares of MU opened at $228.50 on Monday. The company has a market capitalization of $256.48 billion, a price-to-earnings ratio of 30.11, a price-to-earnings-growth ratio of 0.51 and a beta of 1.62. Micron Technology has a 52-week low of $61.54 and a 52-week high of $260.58. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26. The stock has a 50 day moving average price of $197.63 and a 200 day moving average price of $142.38.

Micron Technology (NASDAQ:MU) last released its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share for the quarter, topping analysts’ consensus estimates of $2.86 by $0.17. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The company had revenue of $11.32 billion for the quarter, compared to analysts’ expectations of $11.05 billion. During the same quarter last year, the company earned $1.18 earnings per share. The firm’s revenue for the quarter was up 46.1% on a year-over-year basis. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Research analysts predict that Micron Technology will post 6.08 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Mark J. Murphy sold 126,000 shares of Micron Technology 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 transaction, the chief financial officer directly owned 219,693 shares in the company, valued at $49,499,029.83. This trade represents a 36.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Sanjay Mehrotra sold 22,500 shares of the business’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $220.72, for a total transaction of $4,966,200.00. Following the completion of the transaction, the chief executive officer directly owned 446,578 shares in the company, valued at $98,568,696.16. This represents a 4.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 409,756 shares of company stock valued at $85,308,033. Company insiders own 0.30% of the company’s stock.

Institutional Trading of Micron Technology

Several hedge funds and other institutional investors have recently made changes to their positions in MU. Norges Bank acquired a new position in shares of Micron Technology during the 2nd quarter worth $1,980,700,000. Nuveen LLC acquired a new stake in shares of Micron Technology in the first quarter valued at about $369,191,000. AQR Capital Management LLC boosted its holdings in Micron Technology by 411.9% during the third quarter. AQR Capital Management LLC now owns 3,627,022 shares of the semiconductor manufacturer’s stock worth $606,873,000 after buying an additional 2,918,535 shares in the last quarter. Slate Path Capital LP purchased a new stake in Micron Technology during the second quarter worth about $317,751,000. Finally, Vanguard Group Inc. grew its position in Micron Technology by 2.1% during the first quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer’s stock worth $8,854,644,000 after buying an additional 2,049,163 shares during the period. 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.