TD Cowen Issues Positive Forecast for Micron Technology (NASDAQ:MU) Stock Price

Micron Technology (NASDAQ:MU) had its target price boosted by equities researchers at TD Cowen from $660.00 to $1,500.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor manufacturer’s stock. TD Cowen’s price target indicates a potential upside of 40.34% from the company’s current price.

Several other analysts also recently weighed in on MU. Mizuho lifted their target price on Micron Technology to $800.00 and gave the company an “outperform” rating in a research note on Tuesday, May 19th. Stifel Nicolaus raised their price target on Micron Technology from $360.00 to $550.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Royal Bank Of Canada raised their price target on Micron Technology from $525.00 to $1,200.00 and gave the company an “outperform” rating in a report on Monday. UBS Group raised their price target on Micron Technology from $535.00 to $1,625.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Finally, Sanford C. Bernstein lifted their price target on Micron Technology from $330.00 to $510.00 and gave the company an “outperform” rating in a research report on Wednesday, March 18th. Five investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $788.13.

Micron Technology Stock Performance

Shares of Micron Technology stock traded up $87.21 on Monday, reaching $1,068.82. 19,484,361 shares of the company were exchanged, compared to its average volume of 44,261,633. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90. The company’s 50-day moving average is $677.58 and its two-hundred day moving average is $465.20. The firm has a market cap of $1.21 trillion, a price-to-earnings ratio of 50.59 and a beta of 2.16. Micron Technology has a 1-year low of $103.38 and a 1-year high of $1,089.29.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share for the quarter, topping analysts’ consensus estimates of $9.19 by $3.01. The business had revenue of $23.86 billion for 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 quarterly revenue was up 196 on a year-over-year basis. During the same period in the prior year, the firm earned $1.56 EPS. As a group, research analysts expect that Micron Technology will post 59.23 earnings per share 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 that occurred 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 owned 224,021 shares in the company, valued at $94,391,248.35. This represents a 9.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP April S. Arnzen sold 40,000 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $347.39, for a total value of $13,895,600.00. Following the sale, the executive vice president owned 125,737 shares of the company’s stock, valued at approximately $43,679,776.43. The trade was a 24.13% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 146,000 shares of company stock worth $85,486,715. Insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On Micron Technology

Large investors have recently added to or reduced their stakes in the company. Heritage Trust Co lifted its holdings in Micron Technology by 9.7% during the 4th quarter. Heritage Trust Co now owns 15,026 shares of the semiconductor manufacturer’s stock worth $4,289,000 after buying an additional 1,323 shares during the period. Generation Capital Management LLC acquired a new position in Micron Technology during the 3rd quarter worth about $238,000. Westpac Banking Corp lifted its holdings in Micron Technology by 251.0% during the 3rd quarter. Westpac Banking Corp now owns 23,086 shares of the semiconductor manufacturer’s stock worth $3,863,000 after buying an additional 16,509 shares during the period. Wellington Management Group LLP lifted its holdings in Micron Technology by 19.9% during the 3rd quarter. Wellington Management Group LLP now owns 7,150,530 shares of the semiconductor manufacturer’s stock worth $1,196,427,000 after buying an additional 1,188,296 shares during the period. Finally, Fulton Bank N.A. lifted its holdings in Micron Technology by 79.1% during the 4th quarter. Fulton Bank N.A. now owns 16,183 shares of the semiconductor manufacturer’s stock worth $4,619,000 after buying an additional 7,147 shares during the period. Institutional investors and hedge funds own 80.84% of the company’s stock.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Analysts are getting more bullish on Micron’s outlook, with higher price targets tied to stronger DRAM pricing, AI-driven demand, and long-term earnings power. Micron Price Target Raised at RBC on Stronger Memory Cycle, AI Demand
• Positive Sentiment: Micron is benefiting from a broader surge in AI memory stocks, with memory-chip shortage concerns and an improving memory cycle helping lift the shares. Micron Stock Surges as Memory-Chip Shortage Bites
• Positive Sentiment: Micron’s upcoming Q3 report is expected to show the payoff from its recent run-up, as investors anticipate strong results from AI-related demand and favorable industry conditions. Micron Q3 Preview: Expecting Historical Run-Up To Translate To Extraordinary Results
• Positive Sentiment: Micron is drawing attention as a possible way to gain more AI exposure, including leveraged ETF ideas, reflecting strong investor enthusiasm for the stock. Looking for More Exposure to Micron Stock (MU) Ahead of June 24 Earnings? These 2 ETFs Offer a 2x Play
• Neutral Sentiment: Micron remains one of the market’s most-watched stocks, with recent articles largely focusing on whether the AI rally can continue rather than on any new company-specific setback. Is Trending Stock Micron Technology, Inc. (MU) a Buy Now?
• Negative Sentiment: Some commentary warns the stock may be extremely overbought after a huge rally, raising the risk of a sharp pullback if earnings or guidance disappoint. Micron stock turns most overbought in 30 years: Time to sell?
• Negative Sentiment: A key risk heading into earnings is whether Micron can meet its ambitious record-revenue outlook, making the June 24 report a major catalyst for volatility. Micron Reports Earnings June 24. Here’s the One Number That May Make or Break the Stock.

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.