Micron Technology (NASDAQ:MU – Free Report) had its target price hoisted by Sanford C. Bernstein from $330.00 to $510.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have an outperform rating on the semiconductor manufacturer’s stock.
Several other equities research analysts have also recently issued reports on the company. Wells Fargo & Company lifted their target price on Micron Technology from $410.00 to $470.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. KeyCorp raised their price target on Micron Technology from $325.00 to $450.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. Raymond James Financial lifted their price objective on Micron Technology from $190.00 to $310.00 and gave the stock an “outperform” rating in a research note on Thursday, December 18th. TD Cowen upped their price objective on Micron Technology from $450.00 to $500.00 and gave the stock a “buy” rating in a report on Monday. Finally, William Blair assumed coverage on Micron Technology in a research report on Thursday, January 22nd. They set an “outperform” rating for the company. Six research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Micron Technology presently has a consensus rating of “Buy” and an average price target of $400.79.
View Our Latest Analysis on Micron Technology
Micron Technology Stock Performance
Micron Technology (NASDAQ:MU – Get Free Report) last announced its quarterly earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 EPS for the quarter, topping the consensus estimate of $8.50 by $3.70. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. The business had revenue of $23.86 billion for the quarter, compared to analysts’ expectations of $18.90 billion. During the same quarter in the previous year, the company earned $1.56 EPS. The business’s quarterly revenue was up 196.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Micron Technology will post 6.08 earnings per share for the current fiscal year.
Insider Buying and Selling at Micron Technology
In other news, EVP Sumit Sadana sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $429.89, for a total value of $10,747,250.00. Following the completion of the sale, the executive vice president directly owned 248,021 shares of the company’s stock, valued at $106,621,747.69. This trade represents a 9.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Manish H. Bhatia sold 26,623 shares of Micron Technology stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $391.04, for a total value of $10,410,657.92. Following the completion of the transaction, the executive vice president owned 323,486 shares of the company’s stock, valued at approximately $126,495,965.44. This trade represents a 7.60% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders bought 23,200 shares of company stock valued at $7,821,723 and sold 73,623 shares valued at $27,307,408. 0.24% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Brighton Jones LLC raised its stake 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 valued at $532,000 after acquiring an additional 976 shares during the period. Sivia Capital Partners LLC lifted its holdings in shares of Micron Technology by 21.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,528 shares of the semiconductor manufacturer’s stock worth $435,000 after acquiring an additional 628 shares during the last quarter. United Bank purchased a new position in shares of Micron Technology during the 2nd quarter worth about $236,000. Schnieders Capital Management LLC. boosted its stake 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 purchasing an additional 6,867 shares during the period. Finally, Kingsview Wealth Management LLC grew its holdings in Micron Technology by 12.5% during the 2nd quarter. Kingsview Wealth Management LLC now owns 5,964 shares of the semiconductor manufacturer’s stock valued at $735,000 after purchasing an additional 661 shares during the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.
More Micron Technology News
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: Blowout quarter and sky-high guidance: MU reported revenue of $23.86B and EPS of $12.20, both well above Street estimates, and management guided Q3 revenue to ~$33.5B with an ~81% gross margin outlook — this is the primary catalyst for the rally. Micron Just Smashed Estimates – Buy The Dip
- Positive Sentiment: Margin and pricing power surge: gross margins jumped into the mid-70s percent range, reflecting strong pricing and operating leverage from AI/data-center memory demand — supports higher profits and cash flow. Micron’s Q4: Why This AI Super-Cycle Is Different
- Positive Sentiment: Product and capacity momentum: volume production of HBM4 and new PCIe Gen6 SSDs plus a completed Taiwan site acquisition position Micron to capture AI-driven share gains long term. Micron’s New HBM4 And PCIe Gen6 SSDs Test Lofty AI Valuation
- Positive Sentiment: Dividend bump and analyst upgrades: Micron raised its dividend (~30%) and several firms raised price targets (Bernstein to $510, multiple $500+ targets), reinforcing bullish analyst sentiment. Micron Technology raises dividend by 30.4% to $0.15
- Neutral Sentiment: Macro backdrop — Fed/PPI and higher rates: hotter PPI and a Fed dot-plot that signals limited cuts this year add uncertainty to tech multiples and could moderate enthusiasm. New Fed “Dot Plot” Sends Markets Sliding
- Neutral Sentiment: Options positioning/volatility may mute follow-through: heavy pre-earnings positioning and gamma/vol dynamics could pin short-term price action despite strong fundamentals. Micron’s Stock May Plunge Following Earnings Results
- Negative Sentiment: Large planned CapEx and spending worries: management flagged very high near‑term capital spending (tens of billions), which spooked some investors worried about cash deployment and margin sustainability. Micron’s Q4: Why This AI Super-Cycle Is Different
- Negative Sentiment: Geopolitical/energy and supply constraints: reports that high spending and an attack affecting Qatar energy supplies rattled traders; separate commentary warns that power and capacity bottlenecks could limit upside and prompted pre-market/after-hours pullbacks. Micron Stock Plunges as High Spending Plans and an Attack on Qatar Energy Supplies Spook Investors
Micron Technology Company Profile
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.
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