Micron Technology, Inc. (NASDAQ:MU) Stock Has Average Target Price of $1,407.88

Shares of Micron Technology, Inc. (NASDAQ:MU) have been assigned an average rating of “Moderate Buy” from the forty-six brokerages that are presently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, forty-one have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $1,407.88.

Several brokerages have recently weighed in on MU. President Capital lifted their target price on shares of Micron Technology to $1,500.00 and gave the company a “buy” rating in a report on Friday, July 17th. DA Davidson increased their price target on shares of Micron Technology from $2,100.00 to $3,000.00 and gave the stock a “buy” rating in a report on Wednesday, October 7th. Robert W. Baird raised their price objective on shares of Micron Technology from $1,280.00 to $1,520.00 and gave the company an “outperform” rating in a research report on Monday, September 28th. Seaport Research Partners reaffirmed a “buy” rating on shares of Micron Technology in a report on Friday, August 14th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $1,900.00 target price on shares of Micron Technology in a research report on Thursday, October 22nd.

Micron Technology Price Performance

Micron Technology stock opened at $733.15 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.31 and a quick ratio of 2.94. The business has a 50 day simple moving average of $957.60 and a 200-day simple moving average of $756.71. Micron Technology has a 12 month low of $192.59 and a 12 month high of $1,255.00. The stock has a market capitalization of $829.50 billion, a PE ratio of 9.88, a price-to-earnings-growth ratio of 0.14 and a beta of 2.36.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $31.77 by $1.65. The company had revenue of $54.23 billion for the quarter, compared to analysts’ expectations of $51.33 billion. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. Micron Technology’s revenue was up 379.1% compared to the same quarter last year. During the same period in the previous year, the company posted $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Equities analysts predict that Micron Technology will post 175.19 earnings per share for the current year.

Micron Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 29th. Stockholders of record on Wednesday, October 14th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Wednesday, October 14th. Micron Technology’s dividend payout ratio (DPR) is currently 0.81%.

Insider Buying and Selling

In other Micron Technology news, EVP Sumit Sadana sold 15,000 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total value of $14,014,350.00. Following the completion of the transaction, the executive vice president owned 191,021 shares in the company, valued at approximately $178,469,010.09. This represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $968.90, for a total value of $38,756,000.00. Following the completion of the transaction, the chief executive officer owned 264,503 shares of the company’s stock, valued at $256,276,956.70. The trade was a 13.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 83,545 shares of company stock valued at $78,460,850 over the last quarter. Company insiders own 0.24% of the company’s stock.

Institutional Trading of Micron Technology

Several hedge funds and other institutional investors have recently made changes to their positions in MU. Bullseye Investment Management LLC purchased a new stake in Micron Technology during the second quarter worth $27,000. Aventus Investment Advisors Inc. purchased a new position in Micron Technology in the 3rd quarter valued at about $30,000. Steph & Co. acquired a new stake in Micron Technology during the third quarter worth approximately $31,000. Montgomery Financial Services LLC acquired a new position in Micron Technology in the second quarter valued at $38,000. Finally, JNBA Financial Advisors increased its stake in shares of Micron Technology by 77.3% during the 2nd quarter. JNBA Financial Advisors now owns 39 shares of the semiconductor manufacturer’s stock valued at $45,000 after acquiring an additional 17 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Memory and storage stocks recovered after a sharp post-midterm sell-off, helping lift Micron. Some investors pointed to its comparatively low earnings multiple and potential buyback capacity as reasons for optimism. Micron Technology climbs amid broad tech rally
• Positive Sentiment: Recent coverage highlighted strong fundamentals: Micron’s latest quarterly revenue rose 379% year over year, and reports cited 26 take-or-pay customer agreements representing $32 billion in commitments, which could improve earnings visibility. Micron’s take-or-pay agreements
• Neutral Sentiment: Some analysts argue that fears of memory-chip competition may be overstated, while others see Micron’s recent decline as a potentially attractive entry point. These are opinions rather than new company results. Micron stock and competition concerns
• Negative Sentiment: Investors remain concerned that local opposition and restrictions on data-center projects could slow AI infrastructure spending—and, in turn, demand for memory. Those fears helped trigger last week’s sell-off. Why Micron stock gained on Monday
• Negative Sentiment: A separate report said construction of a new Micron memory plant in Taiwan was paused amid a labor dispute. If prolonged, the delay could affect capacity plans, although the article did not quantify the potential impact. Micron Taiwan plant construction halt

About Micron Technology

Micron Technology is a semiconductor company that designs and manufactures memory and storage products. Its portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, and other memory solutions used in computing and electronic devices.

Micron’s products serve a range of markets, including data centers, personal computers, smartphones, automotive systems, and industrial applications. The company sells its products and solutions to customers around the world.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into a global technology company with operations and customers across multiple regions.