Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Micron Technology (NASDAQ:MU) Stock Price

Micron Technology (NASDAQ:MU) had its price target hoisted by Deutsche Bank Aktiengesellschaft from $200.00 to $280.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the semiconductor manufacturer’s stock.

A number of other research analysts also recently commented on the stock. Barclays boosted their price objective on shares of Micron Technology from $195.00 to $240.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Itau BBA Securities began coverage on shares of Micron Technology in a research note on Tuesday, October 7th. They issued an “outperform” rating and a $249.00 price target on the stock. Wall Street Zen upgraded Micron Technology from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 23rd. New Street Research restated a “neutral” rating on shares of Micron Technology in a research note on Tuesday, October 14th. Finally, Morgan Stanley upped their target price on Micron Technology to $338.00 and gave the stock an “overweight” rating in a research report on Monday, November 24th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $231.41.

Micron Technology Stock Up 2.2%

NASDAQ:MU opened at $252.42 on Tuesday. The business’s fifty day moving average price is $218.91 and its 200 day moving average price is $157.06. The firm has a market capitalization of $283.75 billion, a price-to-earnings ratio of 33.26, a PEG ratio of 0.52 and a beta of 1.54. 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 $260.58.

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

Micron Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd were given a dividend of $0.115 per share. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $0.46 dividend on an annualized basis and a yield of 0.2%. Micron Technology’s dividend payout ratio is presently 6.06%.

Insider Activity

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 transaction, the chief financial officer directly owned 219,693 shares in the company, valued at approximately $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 through this link. Also, EVP April S. Arnzen sold 15,000 shares of Micron Technology stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $164.04, for a total transaction of $2,460,600.00. Following the completion of the transaction, the executive vice president owned 131,580 shares in the company, valued at $21,584,383.20. This trade represents a 10.23% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 392,352 shares of company stock worth $82,994,387. 0.24% of the stock is owned by company insiders.

Institutional Investors Weigh In On Micron Technology

Hedge funds have recently bought and sold shares of the company. REAP Financial Group LLC acquired a new position in shares of Micron Technology during the 3rd quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Micron Technology during the third quarter worth approximately $27,000. Cullen Frost Bankers Inc. lifted its holdings in shares of Micron Technology by 79.3% during the third quarter. Cullen Frost Bankers Inc. now owns 199 shares of the semiconductor manufacturer’s stock worth $33,000 after buying an additional 88 shares during the last quarter. First Command Advisory Services Inc. boosted its position in shares of Micron Technology by 225.0% in the second quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock valued at $27,000 after acquiring an additional 153 shares during the period. Finally, Osterweis Capital Management Inc. grew its stake in shares of Micron Technology by 205.5% in the third quarter. Osterweis Capital Management Inc. now owns 223 shares of the semiconductor manufacturer’s stock worth $37,000 after acquiring an additional 150 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors.

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.