Micron Technology (NASDAQ:MU) Price Target Raised to $1,100.00 at Raymond James Financial

Micron Technology (NASDAQ:MU) had its price objective increased by investment analysts at Raymond James Financial from $530.00 to $1,100.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the semiconductor manufacturer’s stock. Raymond James Financial’s price objective points to a potential upside of 6.66% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. The Goldman Sachs Group boosted their price target on shares of Micron Technology from $360.00 to $400.00 and gave the stock a “neutral” rating in a research note on Thursday, March 19th. Wells Fargo & Company lifted their target price on Micron Technology from $470.00 to $550.00 and gave the company an “overweight” rating in a report on Thursday, March 19th. Needham & Company LLC boosted their target price on Micron Technology from $450.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. UBS Group increased their price target on Micron Technology from $535.00 to $1,625.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Finally, Mizuho boosted their price objective on Micron Technology to $800.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 19th. Five analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Micron Technology has a consensus rating of “Buy” and an average price target of $621.97.

Micron Technology Stock Up 6.2%

Shares of MU traded up $60.28 during mid-day trading on Monday, hitting $1,031.28. 12,284,793 shares of the company’s stock were exchanged, compared to its average volume of 43,208,215. The stock’s 50-day moving average is $557.48 and its 200-day moving average is $412.42. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90. Micron Technology has a fifty-two week low of $94.40 and a fifty-two week high of $1,038.94. The company has a market cap of $1.16 trillion, a price-to-earnings ratio of 48.95 and a beta of 2.15.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share for the quarter, beating analysts’ consensus estimates of $9.19 by $3.01. The firm had revenue of $23.86 billion during the quarter, compared to analysts’ expectations of $19.97 billion. Micron Technology had a net margin of 41.49% and a return on equity of 41.16%. The business’s quarterly revenue was up 196 compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.56 earnings per share. On average, sell-side analysts anticipate that Micron Technology will post 58.62 earnings per share for the current fiscal year.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, EVP April S. Arnzen sold 40,000 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $347.39, for a total transaction of $13,895,600.00. Following the completion of the sale, the executive vice president owned 125,737 shares in the company, valued at approximately $43,679,776.43. The trade was a 24.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sumit Sadana sold 24,000 shares of the firm’s stock in a transaction on Friday, April 10th. The shares were sold at an average price of $421.35, for a total transaction of $10,112,400.00. Following the completion of the transaction, the executive vice president directly owned 224,021 shares in the company, valued at $94,391,248.35. This trade represents a 9.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 106,000 shares of company stock worth $47,032,460. Company insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Micron Technology

Institutional investors have recently bought and sold shares of the stock. Kohmann Bosshard Financial Services LLC purchased a new position in Micron Technology during the 1st quarter worth $27,000. High Note Wealth LLC boosted its holdings in Micron Technology by 65.4% during the fourth quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 34 shares during the last quarter. Elevation Wealth Partners LLC grew its position in Micron Technology by 295.8% in the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 71 shares in the last quarter. Steigerwald Gordon & Koch Inc. increased its stake in Micron Technology by 4,800.0% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock valued at $28,000 after buying an additional 96 shares during the last quarter. Finally, Bayban bought a new position in shares of Micron Technology during the 4th quarter worth approximately $29,000. Institutional investors 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: Several recent pieces highlight Micron as a major winner from the AI memory shortage, with analysts and commentators arguing that demand for storage and memory chips is still outpacing supply. Micron and 6 Other Stocks Set to Win Big From the AI Bottleneck
• Positive Sentiment: Micron is being framed as one of the standout AI beneficiaries after its market value briefly crossed the $1 trillion mark, reinforcing the market’s confidence in the company’s growth story. Micron Technology, Inc. (MU) joins the $1 Trillion Club
• Positive Sentiment: Article headlines and commentary suggest Micron could deliver another strong quarter, with expectations for a blowout result on June 24 adding to investor optimism. Prediction: Micron Stock Will Skyrocket After June 24
• Positive Sentiment: Recent reporting also underscores that data-center spending is accelerating, which should support Micron’s memory-chip demand and future revenue growth. The 1 Metric That Tells Me This Tech Stock Is About to Rip Higher — and It Just Flashed
• Neutral Sentiment: Some coverage notes that Nvidia’s push into PC chips could reshape the broader semiconductor landscape, but Micron is not a direct winner from that move and the impact on MU is indirect. Top 5 Stocks That Will Profit From Nvidia’s PC Market Invasion of Intel Territory
• Negative Sentiment: A few articles warn that Micron’s rally may be getting overheated or vulnerable to a pullback after its huge run, suggesting some investors are becoming more cautious at current levels. Micron’s trillion-dollar rally points to a bigger AI problem
• Negative Sentiment: There are also signs of mixed sentiment from hedge-fund reporting, including articles noting that some prominent funds have been selling Micron shares. Micron Technology (MU): Renaissance Technologies Is Selling This Stock

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.