Micron Technology (NASDAQ:MU) Price Target Raised to $275.00 at Piper Sandler

Micron Technology (NASDAQ:MU) had its price objective raised by stock analysts at Piper Sandler from $200.00 to $275.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the semiconductor manufacturer’s stock. Piper Sandler’s price objective would indicate a potential upside of 21.94% from the stock’s previous close.

A number of other analysts have also commented on the stock. Barclays set a $275.00 price target on shares of Micron Technology in a research note on Thursday. CLSA started coverage on shares of Micron Technology in a report on Wednesday, August 27th. They issued an “outperform” rating and a $155.00 target price on the stock. Wall Street Zen raised shares of Micron Technology from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 23rd. Wedbush boosted their target price on shares of Micron Technology from $220.00 to $300.00 and gave the company an “outperform” rating in a research note on Monday. Finally, The Goldman Sachs Group set a $235.00 price target on Micron Technology in a report on Thursday. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $262.79.

Micron Technology Stock Down 3.0%

MU stock opened at $225.52 on Thursday. The stock has a market capitalization of $253.51 billion, a P/E ratio of 29.71, a P/E/G ratio of 0.34 and a beta of 1.54. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79. Micron Technology has a 1-year low of $61.54 and a 1-year high of $264.75. The business has a fifty day moving average price of $225.54 and a 200-day moving average price of $162.83.

Micron Technology (NASDAQ:MU) last released its quarterly earnings data on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 EPS for the quarter, topping the consensus estimate of $3.77 by $1.01. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The company had revenue of $13.64 billion during the quarter, compared to the consensus estimate of $12.62 billion. During the same period last year, the company earned $1.79 EPS. Micron Technology’s revenue for the quarter was up 56.7% on a year-over-year basis. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. Equities analysts forecast that Micron Technology will post 6.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Micron Technology news, CFO Mark J. Murphy sold 126,000 shares of the company’s stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $225.31, for a total value of $28,389,060.00. Following the completion of the sale, the chief financial officer owned 219,693 shares in the company, valued at $49,499,029.83. This represents a 36.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP April S. Arnzen sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $164.04, for a total value of $2,460,600.00. Following the completion of the transaction, the executive vice president directly owned 131,580 shares in the company, valued at $21,584,383.20. This trade represents a 10.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 383,650 shares of company stock valued at $81,602,339 in the last 90 days. 0.24% of the stock is owned by company insiders.

Institutional Investors Weigh In On Micron Technology

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. REAP Financial Group LLC purchased a new position in Micron Technology during the third quarter valued at approximately $25,000. First Command Advisory Services Inc. increased its stake in shares of Micron Technology by 225.0% in the second quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 153 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Micron Technology during the 3rd quarter valued at $27,000. Howard Hughes Medical Institute bought a new stake in shares of Micron Technology during the 2nd quarter valued at $30,000. Finally, AlphaQuest LLC lifted its stake in shares of Micron Technology by 13,250.0% during the 2nd quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock valued at $33,000 after buying an additional 265 shares in the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

About Micron Technology

Micron Technology, Inc designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides memory and storage technologies comprising dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; non-volatile and re-writeable semiconductor storage devices; and non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels.