Micron Technology (NASDAQ:MU – Get Free Report) had its price objective hoisted by analysts at UBS Group from $535.00 to $1,625.00 in a research note issued to investors on Tuesday, Marketbeat Ratings reports. The brokerage presently has a “buy” rating on the semiconductor manufacturer’s stock. UBS Group’s price target would suggest a potential upside of 73.03% from the stock’s previous close.
MU has been the topic of several other research reports. Wedbush upped their price target on Micron Technology from $320.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, March 13th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Micron Technology from $500.00 to $550.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. Stifel Nicolaus increased their price objective on Micron Technology from $360.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. JPMorgan Chase & Co. increased their price objective on Micron Technology from $350.00 to $550.00 and gave the stock an “overweight” rating in a research report on Thursday, March 19th. Finally, Bank of America increased their target price on Micron Technology from $400.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. Five investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $554.80.
Check Out Our Latest Report on Micron Technology
Micron Technology Stock Up 1.2%
Micron Technology (NASDAQ:MU – Get Free Report) last posted its quarterly earnings data on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 EPS for the quarter, beating analysts’ consensus estimates of $9.19 by $3.01. The business had revenue of $23.86 billion during the quarter, compared to analysts’ expectations of $19.97 billion. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.The business’s revenue was up 196 compared to the same quarter last year. During the same period in the previous year, the business earned $1.56 earnings per share. On average, equities analysts anticipate that Micron Technology will post 57.82 EPS for the current fiscal year.
Insider Buying and Selling
In related news, EVP Sumit Sadana sold 24,000 shares of the stock in a transaction on Friday, April 10th. The stock was sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the completion of the sale, the executive vice president directly owned 224,021 shares in the company, valued at approximately $94,391,248.35. This trade represents a 9.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sanjay Mehrotra sold 40,000 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $536.26, for a total value of $21,450,400.00. Following the transaction, the chief executive officer owned 424,503 shares in the company, valued at $227,643,978.78. This represents a 8.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 106,000 shares of company stock valued at $47,032,460. 0.24% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of MU. Vanguard Group Inc. lifted its holdings in Micron Technology by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer’s stock worth $30,427,016,000 after buying an additional 1,954,644 shares in the last quarter. State Street Corp raised its position in shares of Micron Technology by 2.1% during the 4th quarter. State Street Corp now owns 52,749,817 shares of the semiconductor manufacturer’s stock valued at $15,061,310,000 after acquiring an additional 1,090,644 shares during the last quarter. Capital International Investors raised its position in shares of Micron Technology by 0.7% during the 3rd quarter. Capital International Investors now owns 23,372,821 shares of the semiconductor manufacturer’s stock valued at $3,910,198,000 after acquiring an additional 155,860 shares during the last quarter. Norges Bank bought a new stake in shares of Micron Technology during the 4th quarter valued at $6,433,456,000. Finally, Morgan Stanley raised its position in shares of Micron Technology by 5.1% during the 4th quarter. Morgan Stanley now owns 16,396,655 shares of the semiconductor manufacturer’s stock valued at $4,679,771,000 after acquiring an additional 794,289 shares during the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.
Trending Headlines about Micron Technology
Here are the key news stories impacting Micron Technology this week:
- Positive Sentiment: UBS and Barclays raised their outlooks on Micron Technology (MU), reinforcing the view that the stock still has significant upside after its rapid run. Micron’s Rally Looks Wild — But Analysts Say The Numbers Still Make Sense
- Positive Sentiment: Micron’s latest results showed record gross margins and explosive revenue/EPS growth, with analysts saying AI memory demand and higher chip pricing could support further margin expansion. Will Micron’s Gross Margin Expand Further With Higher Memory Pricing?
- Positive Sentiment: The company’s $1 trillion valuation milestone and talk of a potential stock split are drawing additional attention from momentum and retail investors. Micron Knocks on the $1,000 Door — Is a Stock Split Finally Coming?
- Positive Sentiment: Industry coverage continues to frame Micron as one of the biggest beneficiaries of the AI infrastructure buildout, alongside peers like SK Hynix and Samsung, which supports the broader re-rating of memory stocks. A rival joins Micron in the $1 trillion club as one bank argues AI is actually underhyped
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.
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