TD Cowen Forecasts Strong Price Appreciation for Micron Technology (NASDAQ:MU) Stock

Micron Technology (NASDAQ:MU) had its target price upped by research analysts at TD Cowen from $275.00 to $300.00 in a research note issued on Thursday. The brokerage currently has a “buy” rating on the semiconductor manufacturer’s stock. TD Cowen’s target price would indicate a potential upside of 33.03% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. Piper Sandler raised their price objective on Micron Technology from $200.00 to $275.00 and gave the company an “overweight” rating in a report on Thursday. Wells Fargo & Company lifted their price target on Micron Technology from $220.00 to $300.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. KeyCorp boosted their price target on Micron Technology from $160.00 to $215.00 and gave the stock an “overweight” rating in a report on Wednesday, September 24th. Cantor Fitzgerald upped their price objective on Micron Technology from $185.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, September 24th. Finally, Wall Street Zen upgraded shares of Micron Technology from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 23rd. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $262.79.

Micron Technology Stock Down 3.0%

Shares of NASDAQ MU opened at $225.52 on Thursday. The company has a market cap of $253.51 billion, a price-to-earnings ratio of 29.71, a PEG ratio of 0.34 and a beta of 1.54. The company has a current ratio of 2.52, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. Micron Technology has a 12 month low of $61.54 and a 12 month high of $264.75. The stock has a 50-day moving average price of $225.54 and a two-hundred day moving average price of $162.83.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.77 by $1.01. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The company had revenue of $13.64 billion for the quarter, compared to analyst estimates of $12.62 billion. During the same period in the previous year, the firm posted $1.79 EPS. The firm’s revenue was up 56.7% on a year-over-year basis. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. As a group, analysts forecast that Micron Technology will post 6.08 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Scott J. Deboer sold 82,000 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $222.81, for a total value of $18,270,420.00. Following the transaction, the executive vice president owned 154,145 shares in the company, valued at approximately $34,345,047.45. The trade was a 34.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Mark J. Murphy sold 126,000 shares of the stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $225.31, for a total transaction of $28,389,060.00. Following the sale, the chief financial officer owned 219,693 shares of the company’s stock, valued at approximately $49,499,029.83. This trade represents a 36.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 383,650 shares of company stock worth $81,602,339 in the last 90 days. 0.24% of the stock is owned by company insiders.

Institutional Investors Weigh In On Micron Technology

Several institutional investors and hedge funds have recently made changes to their positions in the business. Painted Porch Advisors LLC acquired a new stake in Micron Technology during the third quarter worth approximately $77,000. Strategic Investment Solutions Inc. IL grew its position in shares of Micron Technology by 77.3% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 484 shares of the semiconductor manufacturer’s stock worth $81,000 after buying an additional 211 shares during the period. Severin Investments LLC acquired a new stake in shares of Micron Technology during the 3rd quarter worth approximately $475,000. Allworth Financial LP increased its stake in shares of Micron Technology by 19.9% in the 3rd quarter. Allworth Financial LP now owns 31,079 shares of the semiconductor manufacturer’s stock valued at $5,200,000 after acquiring an additional 5,155 shares in the last quarter. Finally, IFP Advisors Inc lifted its position in shares of Micron Technology by 1.4% during the 3rd quarter. IFP Advisors Inc now owns 16,159 shares of the semiconductor manufacturer’s stock valued at $2,705,000 after acquiring an additional 223 shares during the period. Institutional investors own 80.84% of the company’s stock.

About Micron Technology

Micron Technology, Inc designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides memory and storage technologies comprising dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; non-volatile and re-writeable semiconductor storage devices; and non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels.