Micron Technology (NASDAQ:MU) Downgraded by Erste Group Bank to Hold

Erste Group Bank cut shares of Micron Technology (NASDAQ:MU) from a buy rating to a hold rating in a report published on Thursday morning, Marketbeat Ratings reports.

MU has been the subject of a number of other research reports. Royal Bank Of Canada raised their price target on shares of Micron Technology from $425.00 to $525.00 and gave the stock an “outperform” rating in a report on Monday, March 16th. UBS Group boosted their price objective on shares of Micron Technology from $475.00 to $510.00 and gave the company a “buy” rating in a report on Thursday, March 19th. Cantor Fitzgerald upped their target price on Micron Technology from $450.00 to $700.00 and gave the company an “overweight” rating in a research report on Thursday, March 19th. Wells Fargo & Company raised their target price on Micron Technology from $470.00 to $550.00 and gave the stock an “overweight” rating in a research note on Thursday, March 19th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Micron Technology from $500.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $463.71.

Micron Technology Stock Performance

Shares of Micron Technology stock opened at $366.24 on Thursday. The company has a 50 day moving average price of $403.78 and a 200 day moving average price of $297.49. The firm has a market capitalization of $413.02 billion, a P/E ratio of 17.29 and a beta of 1.60. The company has a quick ratio of 2.32, a current ratio of 2.90 and a debt-to-equity ratio of 0.13. Micron Technology has a 52 week low of $61.54 and a 52 week high of $471.34.

Micron Technology Increases Dividend

The business 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 of this dividend is Monday, March 30th. This represents a $0.60 annualized dividend and a yield of 0.2%. This is an increase from Micron Technology’s previous quarterly dividend of $0.12. Micron Technology’s payout ratio is 2.83%.

Insider Buying and Selling

In related news, Director Teyin M. Liu acquired 11,600 shares of the firm’s stock in a transaction dated Tuesday, January 13th. The stock was acquired at an average price of $337.07 per share, with a total value of $3,910,012.00. Following the acquisition, the director directly owned 14,310 shares in the company, valued at $4,823,471.70. This represents a 428.04% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Manish H. Bhatia sold 26,623 shares of the company’s stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $391.04, for a total value of $10,410,657.92. Following the completion of the sale, the executive vice president owned 323,486 shares in the company, valued at $126,495,965.44. The trade was a 7.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have acquired 23,200 shares of company stock worth $7,821,723 and have sold 53,623 shares worth $21,832,908. Insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Micron Technology

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. iA Global Asset Management Inc. boosted its stake in shares of Micron Technology by 18.7% in the third 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 during the last quarter. Cary Street Partners Financial LLC raised its stake in 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 valued at $3,221,000 after purchasing an additional 5,233 shares during the last quarter. Wealthfront Advisers LLC lifted its holdings in 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 in the last quarter. Westpac Banking Corp lifted its holdings in Micron Technology by 251.0% in the 3rd quarter. Westpac Banking Corp now owns 23,086 shares of the semiconductor manufacturer’s stock valued at $3,863,000 after purchasing an additional 16,509 shares in the last quarter. Finally, Generation Capital Management LLC acquired a new stake in Micron Technology during the 3rd quarter worth $238,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

More Micron Technology News

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

• Positive Sentiment: Large analyst bullishness and upside consensus — multiple outlets note heavy buy-side coverage (94% bullish) and a street consensus price target ~ $550, supporting a multi-month upside thesis for MU. Rosenblatt Bullish on Micron Technology (MU) Amid Strong Revenue Growth
• Positive Sentiment: AI-driven demand and NAND/HBM tightness — analysts and research notes point to sustained data‑center/AI storage needs and a tight supply backdrop that should support NAND and high‑bandwidth memory pricing through FY27. Will Rising AI Storage Needs Fuel Micron’s NAND Growth Through FY27?
• Positive Sentiment: “Buy the pullback” messaging from multiple brokers and commentators — Mizuho, others and media voices (incl. Jim Cramer) are advising accumulation after the recent tumble, which supports short‑term buying interest. Micron Stock and Sandisk Retreat. Why This Wall Street Firm Says to Buy the Pullback.
• Neutral Sentiment: Corporate finance housekeeping — Micron completed cash tender offers for several senior notes, reducing outstanding debt and addressing liability management; timing is neutral-to-mildly positive relative to balance-sheet risk. Micron Announces the Expiration of the Cash Tender Offers for Any and All of Certain Outstanding Senior Notes
• Neutral Sentiment: Macro rotation and headlines — a market move (oil surge/sector rotation) pressured tech today, amplifying MU’s intraday swings but reflecting broader market flows rather than company‑specific news. Oil Surge Shakes Markets As Tech Slips
• Negative Sentiment: Citi cut its price target citing DDR5 price softness and Google’s TurboQuant efficiency threat — that call triggered significant selling and remains a near‑term overhang for the stock. Micron Drops 6% After Citi’s Price Target Cut: 3 Reasons Bears and Bulls Are Both Right
• Negative Sentiment: Analyst downgrades and capex concerns — Erste downgraded MU to hold, and several commentaries warn rising capex guidance could pressure free cash flow and elevate cyclical oversupply risks as Micron scales capacity. Erste Downgrades Micron to Hold (Finviz)

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.