Micron Technology (NASDAQ:MU) Price Target Lowered to $425.00 at Citigroup

Micron Technology (NASDAQ:MU) had its price objective reduced by Citigroup from $510.00 to $425.00 in a report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the semiconductor manufacturer’s stock.

A number of other equities research analysts have also commented on MU. Sanford C. Bernstein upped their price target on shares of Micron Technology from $330.00 to $510.00 and gave the company an “outperform” rating in a report on Wednesday, March 18th. Stifel Nicolaus boosted their price objective on shares of Micron Technology from $360.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. UBS Group upped their price objective on shares of Micron Technology from $475.00 to $510.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. Raymond James Financial increased their target price on shares of Micron Technology from $190.00 to $310.00 and gave the stock an “outperform” rating in a report on Thursday, December 18th. Finally, Summit Insights cut Micron Technology from a “buy” rating to a “hold” rating in a research note on Thursday, March 19th. Five analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Micron Technology currently has a consensus rating of “Buy” and a consensus price target of $463.71.

Micron Technology Stock Performance

NASDAQ:MU opened at $337.27 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90. Micron Technology has a fifty-two week low of $61.54 and a fifty-two week high of $471.34. The firm has a market cap of $380.35 billion, a PE ratio of 15.92 and a beta of 1.50. The business has a 50 day moving average price of $404.83 and a 200-day moving average price of $296.51.

Micron Technology Increases Dividend

The business also recently disclosed 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. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. 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 presently 2.83%.

Insider Activity at Micron Technology

In related news, EVP Manish H. Bhatia sold 26,623 shares of the business’s stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $391.04, for a total transaction of $10,410,657.92. Following the transaction, the executive vice president owned 323,486 shares in the company, valued at $126,495,965.44. The trade was a 7.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Sumit Sadana sold 25,000 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $429.89, for a total transaction of $10,747,250.00. Following the completion of the transaction, the executive vice president directly owned 248,021 shares of the company’s stock, valued at approximately $106,621,747.69. The trade was a 9.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have acquired 23,200 shares of company stock valued at $7,821,723 and have sold 53,623 shares valued at $21,832,908. 0.24% of the stock is currently owned by corporate insiders.

Institutional Trading of Micron Technology

Large investors have recently bought and sold shares of the company. Purpose Unlimited Inc. purchased a new position in shares of Micron Technology during the 4th quarter worth approximately $228,000. Stance Capital LLC purchased a new position in shares of Micron Technology in the 4th quarter valued at approximately $1,542,000. Osbon Capital Management LLC purchased a new position in shares of Micron Technology in the 4th quarter valued at approximately $45,000. Fund Advisors of America Inc FL bought a new stake in shares of Micron Technology during the fourth quarter valued at approximately $1,274,000. Finally, World Investment Advisors boosted its position in shares of Micron Technology by 38.1% during the fourth quarter. World Investment Advisors now owns 14,185 shares of the semiconductor manufacturer’s stock valued at $4,049,000 after purchasing an additional 3,917 shares in the last quarter. 80.84% of the stock is owned by institutional investors.

Micron Technology News Summary

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

• Positive Sentiment: Strong AI / HBM demand supports revenue and pricing power — analysts and market commentary highlight booming high-bandwidth memory (HBM) demand for AI servers, which is driving rising prices and expanding margins for Micron. Can Micron Capitalize on Rising HBM Demand?
• Positive Sentiment: Debt management action — Micron announced pricing for cash tender offers on certain outstanding senior notes, a move that can improve its debt profile and interest-cost flexibility. That was received favorably by some investors. Tender Offer Pricing
• Positive Sentiment: Dividend reinstatement / bump noted — coverage flagged Micron among stocks boosting dividends, which can attract income-focused holders and signal confidence in the balance sheet. Dividend Bumps Article
• Neutral Sentiment: Analyst target cut but buy rating maintained — Citi trimmed its price target from $510 to $425 while keeping a Buy rating, a sign of reduced upside expectations even as analysts still back the company. Citi Price Target Cut
• Negative Sentiment: Algorithmic compression fears (TurboQuant / Google) dent demand outlook — reports that new AI memory-compression methods could reduce memory needs sparked sectorwide jitters and contributed to recent downdrafts in MU. TurboQuant / Algorithm Concerns
• Negative Sentiment: Capex and spending plans overshadow earnings — coverage notes that large planned expenditures to add capacity have dampened enthusiasm after otherwise strong AI-driven results, fueling recent selling pressure. Capex Concerns Article
• Negative Sentiment: Warnings about valuation and momentum fatigue — some bloggers and commentators caution that MU’s rapid run (multiple-hundred-percent gains over the past year) raises near-term risk after the earnings-led pullback. Investment Blogger Warning
• Negative Sentiment: Insider selling highlighted — summaries of recent filings show extensive insider sales in recent months, which some investors view as a cautionary signal. Insider Trading Summary

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.