Micron Technology (NASDAQ:MU) Price Target Raised to $550.00 at Wells Fargo & Company

Micron Technology (NASDAQ:MU) had its price objective increased by investment analysts at Wells Fargo & Company from $470.00 to $550.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the semiconductor manufacturer’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 21.95% from the company’s previous close.

Several other research firms have also commented on MU. Weiss Ratings reiterated a “buy (b-)” rating on shares of Micron Technology in a research note on Thursday, January 29th. The Goldman Sachs Group reissued a “neutral” rating and issued a $360.00 price target on shares of Micron Technology in a research note on Monday, March 2nd. Mizuho lifted their price target on Micron Technology from $390.00 to $480.00 and gave the company an “outperform” rating in a report on Tuesday, January 27th. Wedbush upped their price objective on shares of Micron Technology from $320.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, March 13th. Finally, JPMorgan Chase & Co. raised their target price on shares of Micron Technology from $220.00 to $350.00 and gave the stock an “overweight” rating in a research report on Thursday, December 18th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Micron Technology currently has a consensus rating of “Buy” and an average price target of $428.38.

Micron Technology Trading Down 2.3%

Shares of MU traded down $10.73 on Thursday, hitting $451.00. 25,515,171 shares of the stock traded hands, compared to its average volume of 36,227,934. Micron Technology has a 1 year low of $61.54 and a 1 year high of $471.34. The stock’s 50 day moving average is $398.74 and its two-hundred day moving average is $279.79. The firm has a market capitalization of $507.60 billion, a P/E ratio of 43.13 and a beta of 1.50. The company has a quick ratio of 1.78, a current ratio of 2.46 and a debt-to-equity ratio of 0.19.

Micron Technology (NASDAQ:MU) last released its earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 EPS for the quarter, topping the consensus estimate of $8.50 by $3.70. The firm had revenue of $23.86 billion during the quarter, compared to analysts’ expectations of $18.90 billion. Micron Technology had a net margin of 28.15% and a return on equity of 22.71%. Micron Technology’s revenue for the quarter was up 196.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.56 EPS. As a group, sell-side analysts predict that Micron Technology will post 6.08 earnings per share for the current year.

Insider Transactions at Micron Technology

In other news, Director Teyin M. Liu acquired 11,600 shares of the company’s stock in a transaction dated Tuesday, January 13th. The shares were bought at an average price of $337.07 per share, for a total transaction of $3,910,012.00. Following the completion of the purchase, the director directly owned 14,310 shares of the company’s stock, valued at approximately $4,823,471.70. This trade represents a 428.04% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Steven J. Gomo sold 5,000 shares of the company’s stock in a transaction on Friday, December 19th. The shares were sold at an average price of $263.63, for a total transaction of $1,318,150.00. Following the completion of the transaction, the director owned 19,139 shares of the company’s stock, valued at $5,045,614.57. This trade represents a 20.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have bought 23,200 shares of company stock worth $7,821,723 and have sold 73,623 shares worth $27,307,408. 0.24% of the stock is owned by insiders.

Institutional Investors Weigh In On Micron Technology

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. REAP Financial Group LLC acquired a new stake in shares of Micron Technology during the third quarter valued at about $25,000. High Note Wealth LLC lifted its stake in shares of Micron Technology by 65.4% in the fourth quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 34 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new position in Micron Technology in the third quarter valued at about $27,000. Elevation Wealth Partners LLC boosted its holdings in Micron Technology by 295.8% in the fourth quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 71 shares during the last quarter. Finally, Steigerwald Gordon & Koch Inc. grew its stake in Micron Technology by 4,800.0% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock valued at $28,000 after purchasing an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Micron Technology News Roundup

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

• Positive Sentiment: Record Q2 results — Micron reported fiscal Q2 revenue of $23.86B and EPS $12.20, materially above expectations, and management issued very strong quarterly guidance that signals continued AI-driven demand, supporting the long-term growth thesis. Micron revenue almost triples, tops estimates as demand for memory soars
• Positive Sentiment: Analyst upgrades and higher price targets — Multiple firms raised ratings/targets (Needham to $500, Deutsche Bank to $550, Bernstein and Sanford Bernstein raised targets), which provides near-term support and explains part of the intraday buying pressure. Benzinga: analyst price target coverage
• Positive Sentiment: Product/production ramp — Micron is ramping HBM4 and PCIe Gen6 SSD production for AI customers (e.g., Nvidia), reinforcing its strategic position in the AI memory bottleneck and underpinning upside potential. Micron’s New HBM4 And PCIe Gen6 SSDs Test Lofty AI Valuation
• Neutral Sentiment: Dividend increase — Micron raised its quarterly dividend to $0.15 (30.4% increase), a signal of confidence and modest income support, but it’s a small yield relative to the stock’s valuation and growth profile.
• Negative Sentiment: Hefty capex guidance spooks investors — Management signaled a “meaningful” step-up in capital expenditures to expand advanced memory capacity. Investors are worried this will weigh on near-term free cash flow and margins, prompting a sell-the-news reaction despite the beat. Micron shares slip as hefty spending plans eclipse strong AI-fueled earnings
• Negative Sentiment: Supply/power and geopolitical concerns — Analysts and commentators flagged supply constraints, power/energy bottlenecks and recent Middle East energy disruptions as risks that could limit capacity expansion and prolong volatility in margins and delivery timing. Those risk headlines contributed to after-hours/premarket weakness. Why Are Micron Technology Shares Trading Lower On Thursday?

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.