Micron Technology (NASDAQ:MU) Given New $400.00 Price Target at The Goldman Sachs Group

Micron Technology (NASDAQ:MU) had its price objective hoisted by stock analysts at The Goldman Sachs Group from $360.00 to $400.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the semiconductor manufacturer’s stock. The Goldman Sachs Group’s target price indicates a potential downside of 10.11% from the stock’s current price.

A number of other equities research analysts have also commented on the company. Piper Sandler raised their price objective on Micron Technology from $275.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 7th. Phillip Securities upgraded Micron Technology to a “strong-buy” rating in a report on Monday, February 2nd. UBS Group increased their price target on shares of Micron Technology from $475.00 to $510.00 and gave the stock a “buy” rating in a research report on Thursday. KeyCorp boosted their price objective on shares of Micron Technology from $450.00 to $600.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, 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. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Micron Technology presently has an average rating of “Buy” and an average target price of $444.93.

Micron Technology Stock Down 3.6%

NASDAQ:MU traded down $16.75 during trading hours on Thursday, hitting $444.98. 53,684,337 shares of the stock traded hands, compared to its average volume of 36,892,848. The firm has a 50 day moving average price of $398.74 and a 200 day moving average price of $279.79. The company has a current ratio of 2.46, a quick ratio of 1.78 and a debt-to-equity ratio of 0.19. 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 $500.83 billion, a price-to-earnings ratio of 42.25 and a beta of 1.50.

Micron Technology (NASDAQ:MU) last released its earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.50 by $3.70. Micron Technology had a return on equity of 22.71% and a net margin of 28.15%.The company had revenue of $23.86 billion during the quarter, compared to analyst estimates of $18.90 billion. During the same quarter in the prior year, the company earned $1.56 earnings per share. The company’s revenue for the quarter was up 196.3% on a year-over-year basis. Equities research analysts anticipate that Micron Technology will post 6.08 earnings per share for the current year.

Insider Activity

In other news, EVP Sumit Sadana sold 25,000 shares of the firm’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $429.89, for a total transaction of $10,747,250.00. Following the transaction, the executive vice president owned 248,021 shares in the company, valued at approximately $106,621,747.69. This trade represents a 9.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP April S. Arnzen sold 15,000 shares of the company’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $277.09, for a total transaction of $4,156,350.00. Following the completion of the sale, the executive vice president owned 165,618 shares of the company’s stock, valued at $45,891,091.62. This represents a 8.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have purchased 23,200 shares of company stock valued at $7,821,723 and have sold 73,623 shares valued at $27,307,408. Insiders own 0.24% of the company’s stock.

Institutional Trading of Micron Technology

Several large investors have recently made changes to their positions in the stock. Norges Bank acquired a new position in Micron Technology during the fourth quarter valued at approximately $6,433,456,000. AQR Capital Management LLC boosted its holdings in shares of Micron Technology by 411.9% during the 3rd quarter. AQR Capital Management LLC now owns 3,627,022 shares of the semiconductor manufacturer’s stock worth $606,873,000 after buying an additional 2,918,535 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in Micron Technology by 1,340.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,820,986 shares of the semiconductor manufacturer’s stock valued at $805,148,000 after buying an additional 2,625,169 shares during the last quarter. Slate Path Capital LP acquired a new position in Micron Technology in the 2nd quarter valued at $317,751,000. Finally, Amundi raised its holdings in Micron Technology by 65.0% in the 4th quarter. Amundi now owns 4,989,400 shares of the semiconductor manufacturer’s stock worth $1,424,025,000 after acquiring an additional 1,965,319 shares during the period. Institutional investors own 80.84% of the company’s stock.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: Blowout quarter — MU reported record Q2 results (revenue ~$23.9B, EPS ~$12.20) and outlook that materially exceeded Street forecasts, underpinning upside for future earnings. Micron Q2 Earnings Crush Estimates, Q3 Guidance Above Street View
• Positive Sentiment: Wall Street raises price targets — multiple firms lifted targets (Barclays to $675 street-high; Cantor, KeyCorp, Wells Fargo, Deutsche Bank and others raised theirs), signaling sustained analyst conviction in MU’s AI-driven revenue trajectory. Micron stock gets street-high $675 price target
• Positive Sentiment: Dividend hike — Micron raised its quarterly dividend ~30% to $0.15, a small but constructive signal about cash generation and shareholder returns. Micron Technology raises dividend by 30.4% to $0.15
• Neutral Sentiment: Product/production ramps — Micron is ramping HBM4 and PCIe Gen6 SSDs for AI/data-center customers (notably NVIDIA), which supports long-term demand but takes time to convert into incremental supply. Micron’s New HBM4 And PCIe Gen6 SSDs Test Lofty AI Valuation
• Neutral Sentiment: Debate over supply vs. demand — analysts are split: some see a durable supply shortage supporting pricing; others warn planned capacity adds could stabilize pricing later. That ambiguity is keeping some traders sidelined. Why Are Micron Technology Shares Trading Lower On Thursday?
• Negative Sentiment: Hefty capex guidance — management signaled a “meaningful” increase in capital spending to expand HBM/DRAM capacity; investors worry near-term spending will compress free cash flow and earnings multiple despite strong revenue. Micron shares slip as hefty spending plans eclipse strong AI-fueled earnings
• Negative Sentiment: Profit-taking and stretched valuation — MU has run sharply over the past year; some selling reflects rotation and option/positioning dynamics that can magnify intraday weakness after a “sell-the-news” event. Micron falls more than 5% despite blockbuster earnings
• Negative Sentiment: Macro/geopolitical and energy concerns — wider market risk-off (including a reported attack on Qatari energy infrastructure) lifted energy/macro risks, which weighed on cyclical/tech stocks including MU. Micron stock: why attack on Qatar’s energy facility is bearish for it

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.