Micron Technology (NASDAQ:MU) Price Target Raised to $530.00

Micron Technology (NASDAQ:MU) had its price objective boosted by Mizuho from $480.00 to $530.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have an outperform rating on the semiconductor manufacturer’s stock.

MU has been the subject of several other reports. Citigroup lifted their target price on shares of Micron Technology from $430.00 to $510.00 and gave the company a “buy” rating in a research report on Thursday. KeyCorp raised 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. HSBC lifted their price objective on shares of Micron Technology from $350.00 to $500.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Rosenblatt Securities reiterated a “buy” rating and issued a $500.00 target price on shares of Micron Technology in a research report on Monday, March 16th. Finally, Susquehanna increased their target price on Micron Technology from $345.00 to $525.00 and gave the company a “positive” rating in a research note on Monday, March 9th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $453.55.

Micron Technology Price Performance

Shares of NASDAQ MU opened at $422.81 on Thursday. The stock’s 50-day simple moving average is $402.64 and its two-hundred day simple moving average is $284.19. Micron Technology has a twelve month low of $61.54 and a twelve month high of $471.34. The firm has a market capitalization of $475.87 billion, a P/E ratio of 19.96 and a beta of 1.50. The company has a quick ratio of 1.78, a current ratio of 2.90 and a debt-to-equity ratio of 0.13.

Micron Technology (NASDAQ:MU) last issued its quarterly 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 41.16% and a net margin of 41.49%.The firm had revenue of $23.86 billion during the quarter, compared to the consensus estimate of $18.90 billion. During the same quarter last year, the company posted $1.56 EPS. The company’s revenue for the quarter was up 196.3% on a year-over-year basis. As a group, equities analysts anticipate that Micron Technology will post 6.08 EPS for the current fiscal year.

Micron Technology Increases Dividend

The firm also recently declared 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 is Monday, March 30th. This is a positive change from Micron Technology’s previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is currently 2.17%.

Insider Buying and Selling at Micron Technology

In other news, EVP April S. Arnzen sold 15,000 shares of the business’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $277.09, for a total value 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 approximately $45,891,091.62. The trade was a 8.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Teyin M. Liu bought 7,820 shares of the company’s stock in a transaction that occurred on Wednesday, January 14th. The shares were bought at an average price of $337.50 per share, with a total value of $2,639,250.00. Following the completion of the acquisition, the director directly owned 25,910 shares in the company, valued at $8,744,625. This trade represents a 43.23% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders bought 23,200 shares of company stock valued at $7,821,723 and sold 68,623 shares valued at $25,989,258. Corporate insiders own 0.24% of the company’s stock.

Institutional Trading of Micron Technology

Several hedge funds and other institutional investors have recently bought and sold shares of MU. Orleans Capital Management Corp LA bought a new stake in Micron Technology during the 2nd quarter valued at approximately $256,000. iA Global Asset Management Inc. raised its position in shares of Micron Technology by 18.7% in the 3rd quarter. iA Global Asset Management Inc. now owns 146,890 shares of the semiconductor manufacturer’s stock worth $24,578,000 after acquiring an additional 23,117 shares in the last quarter. Cary Street Partners Financial LLC raised its position in shares of Micron Technology by 25.0% in the 2nd quarter. Cary Street Partners Financial LLC now owns 26,132 shares of the semiconductor manufacturer’s stock worth $3,221,000 after acquiring an additional 5,233 shares in the last quarter. Wealthspire Advisors LLC lifted its stake in shares of Micron Technology by 27.8% in the 2nd quarter. Wealthspire Advisors LLC now owns 14,754 shares of the semiconductor manufacturer’s stock valued at $1,818,000 after purchasing an additional 3,208 shares during the period. Finally, Wealthfront Advisers LLC lifted its stake in shares of Micron Technology by 9.8% in the 3rd quarter. Wealthfront Advisers LLC now owns 95,396 shares of the semiconductor manufacturer’s stock valued at $15,962,000 after purchasing an additional 8,489 shares during the period. Institutional investors own 80.84% of the company’s stock.

Micron Technology News Summary

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

• Positive Sentiment: Q2 blowout: Micron reported huge revenue and EPS beats and raised forward guidance, reinforcing AI-driven DRAM/HBM demand and pricing power. Micron’s Mic‑Drop Quarter: AI Memory Demand Supercharged Earnings
• Positive Sentiment: Wall Street lifts price targets and reiterates buys (multiple firms raised PTs substantially), signaling analyst conviction in a sustained AI memory cycle. Bank of America revamps Micron stock price target post earnings
• Positive Sentiment: Supply tightness/HBM momentum: Micron has started volume shipments of HBM4 and analysts highlight persistent HBM shortages that support pricing and margins. Micron Announces Starting Volume Shipment of HBM4 36GB
• Neutral Sentiment: Technical/volatility notes: commentators flag a fast breakout then pullback — some view current action as a potential re-entry/buy-the-dip opportunity while others warn of resistance and a possible bull trap. Is This A Bull Trap For Micron Technology?
• Negative Sentiment: Heavy capex warning: management plans “meaningfully” higher capital spending to expand capacity — investors fear margin pressure and near‑term cash intensity despite long‑term payoff. Micron shares slip as hefty spending plans eclipse strong AI‑fueled earnings
• Negative Sentiment: Sell‑the‑news & downgrade noise: despite stellar results, the stock has seen pullbacks driven by profit‑taking, an analyst downgrade or cautionary notes about sustainability of the cycle. Why Micron (MU) Stock Is Down Today
• Negative Sentiment: Macro/geopolitical risk: recent Middle East energy infrastructure attacks are cited as an additional market headwind that contributed to post‑earnings weakness. Why attack on Qatar’s energy facility is bearish for Micron

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.