Micron Technology (NASDAQ:MU) Given New $550.00 Price Target at Wells Fargo & Company

Micron Technology (NASDAQ:MU) had its price target increased by Wells Fargo & Company from $470.00 to $550.00 in a report released on Thursday,Benzinga reports. They currently have an overweight rating on the semiconductor manufacturer’s stock.

MU has been the subject of several other research reports. Wall Street Zen upgraded shares of Micron Technology from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 23rd. Mizuho increased their target price on shares of Micron Technology from $390.00 to $480.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Micron Technology from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Thursday. KeyCorp upped their price objective on shares of Micron Technology from $450.00 to $600.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Cantor Fitzgerald boosted their target price on Micron Technology from $450.00 to $700.00 and gave the company an “overweight” rating in a research report on Thursday. Five analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $453.55.

Micron Technology Trading Down 3.8%

NASDAQ MU opened at $444.27 on Thursday. The business has a 50 day simple moving average of $401.09 and a 200 day simple moving average of $280.93. Micron Technology has a one year low of $61.54 and a one year high of $471.34. The stock has a market capitalization of $500.03 billion, a P/E ratio of 20.98 and a beta of 1.50. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.46 and a quick ratio of 1.78.

Micron Technology (NASDAQ:MU) last issued its earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share for the quarter, topping analysts’ consensus estimates of $8.50 by $3.70. Micron Technology had a return on equity of 44.53% and a net margin of 41.49%.The business had revenue of $23.86 billion during the quarter, compared to the consensus estimate of $18.90 billion. During the same period in the previous year, the company posted $1.56 earnings per share. The firm’s revenue for the quarter was up 196.3% on a year-over-year basis. Research analysts expect that Micron Technology will post 6.08 earnings per share for the current year.

Micron Technology Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Monday, March 30th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Monday, March 30th. This is an increase from Micron Technology’s previous quarterly dividend of $0.12. Micron Technology’s payout ratio is currently 2.17%.

Insider Buying and Selling at Micron Technology

In other news, EVP Sumit Sadana sold 25,000 shares of the stock in a transaction dated Monday, February 2nd. The shares were 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 owned 248,021 shares in the company, valued at $106,621,747.69. This represents a 9.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Scott R. Allen sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $337.50, for a total transaction of $675,000.00. Following the transaction, the chief accounting officer directly owned 38,237 shares in the company, valued at $12,904,987.50. The trade was a 4.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders purchased 23,200 shares of company stock worth $7,821,723 and sold 68,623 shares worth $25,989,258. Insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Micron Technology

A number of institutional investors have recently added to or reduced their stakes in MU. Stance Capital LLC purchased a new stake in Micron Technology in the 4th quarter valued at about $1,542,000. Osbon Capital Management LLC purchased a new position in shares of Micron Technology in the 4th quarter worth approximately $45,000. Fund Advisors of America Inc FL purchased a new position in shares of Micron Technology in the 4th quarter worth approximately $1,274,000. World Investment Advisors grew its holdings in shares of Micron Technology by 38.1% in the fourth quarter. World Investment Advisors now owns 14,185 shares of the semiconductor manufacturer’s stock valued at $4,049,000 after acquiring an additional 3,917 shares in the last quarter. Finally, ARP Global Capital Ltd bought a new position in shares of Micron Technology in the fourth quarter valued at approximately $5,458,000. 80.84% of the stock is owned by institutional investors.

Key Micron Technology News

Here are the key news stories impacting Micron Technology this week:

• Positive Sentiment: Q2 blowout: record revenue, huge margin expansion and aggressive Q3 guidance that highlights ongoing AI/HBM demand — underpins multi‑year growth thesis. Micron’s Mic-Drop Quarter: AI Memory Demand Supercharged Earnings
• Positive Sentiment: Wall Street is raising targets: numerous firms bumped price targets (several into the $500s–$700s) and reiterated buys, reflecting confidence in pricing power and tight supply. Micron Stock Forecast Soars as Analysts See ‘No Indication of Slowing Momentum’
• Positive Sentiment: Capital returns: Micron raised its quarterly dividend ~30% to $0.15, signaling confidence in cash flow generation. (Company release)
• Neutral Sentiment: Product/capacity updates: Micron is ramping HBM4 and PCIe Gen6 SSDs and says much of near‑term capacity is sold out — positive for pricing but tied to execution risk. Micron’s New HBM4 And PCIe Gen6 SSDs Test Lofty AI Valuation
• Negative Sentiment: Higher capex and spending plans worried investors: management flagged a meaningful spending ramp to expand capacity/quality, which investors fear could pressure free cash flow and cap current margin momentum. Micron shares slip as hefty spending plans eclipse strong AI-fueled earnings
• Negative Sentiment: Sell‑the‑news / downgrade pressure: despite the beat, some investors trimmed positions and at least one bearish note flagged increasing HBM competition (Samsung entering NVIDIA supply chain) and cyclical risk, prompting a pullback. Micron: Entering The Danger Zone (Rating Downgrade)

About Micron Technology

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.