Micron Technology (NASDAQ:MU – Free Report) had its price target lifted by JPMorgan Chase & Co. from $350.00 to $550.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an overweight rating on the semiconductor manufacturer’s stock.
Several other brokerages have also recently weighed in on MU. Needham & Company LLC raised their price target on shares of Micron Technology from $450.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday. Stifel Nicolaus boosted their price objective on Micron Technology from $360.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Wells Fargo & Company increased their price objective on Micron Technology from $470.00 to $550.00 and gave the stock an “overweight” rating in a research note on Thursday. UBS Group raised their target price on Micron Technology from $475.00 to $510.00 and gave the company a “buy” rating in a report on Thursday. Finally, Royal Bank Of Canada lifted their target price on Micron Technology from $425.00 to $525.00 and gave the company an “outperform” rating in a research report on Monday. Five analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Micron Technology presently has an average rating of “Buy” and an average target price of $453.55.
View Our Latest Stock Report on Micron Technology
Micron Technology Stock Performance
Micron Technology (NASDAQ:MU – Get Free Report) last released its quarterly earnings data on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share for the quarter, beating analysts’ consensus estimates of $8.50 by $3.70. The firm had revenue of $23.86 billion for the quarter, compared to analyst estimates of $18.90 billion. Micron Technology had a net margin of 41.49% and a return on equity of 44.53%. The business’s quarterly revenue was up 196.3% compared to the same quarter last year. During the same period last year, the firm earned $1.56 earnings per share. Analysts forecast that Micron Technology will post 6.08 EPS for the current fiscal year.
Micron Technology Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, March 30th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, March 30th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. This is an increase from Micron Technology’s previous quarterly dividend of $0.12. Micron Technology’s payout ratio is 2.17%.
Insider Transactions at Micron Technology
In other news, EVP Manish H. Bhatia sold 26,623 shares of the company’s 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 directly owned 323,486 shares of the company’s stock, valued at $126,495,965.44. This represents a 7.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP April S. Arnzen sold 15,000 shares of the stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $277.09, for a total value of $4,156,350.00. Following the sale, the executive vice president directly owned 165,618 shares of the company’s stock, valued at $45,891,091.62. The trade was a 8.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have bought 23,200 shares of company stock worth $7,821,723 and have sold 68,623 shares worth $25,989,258. 0.24% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Micron Technology
A number of hedge funds have recently made changes to their positions in MU. Brighton Jones LLC grew its position in Micron Technology by 18.3% during the fourth quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock valued at $532,000 after buying an additional 976 shares during the period. Sivia Capital Partners LLC raised its position in Micron Technology by 21.7% in the second 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 period. United Bank purchased a new position in Micron Technology in the second quarter valued at about $236,000. Schnieders Capital Management LLC. boosted its stake in Micron Technology by 67.9% in the second quarter. Schnieders Capital Management LLC. now owns 16,984 shares of the semiconductor manufacturer’s stock valued at $2,093,000 after acquiring an additional 6,867 shares during the last quarter. Finally, Kingsview Wealth Management LLC grew its position in shares of 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 acquiring an additional 661 shares during the period. 80.84% of the stock is currently owned by institutional investors.
More 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)
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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