Micron Technology (NASDAQ:MU – Free Report) had its price target upped by JPMorgan Chase & Co. from $350.00 to $550.00 in a report issued on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the semiconductor manufacturer’s stock.
Other research analysts have also recently issued reports about the company. Citigroup increased their price target on Micron Technology from $430.00 to $510.00 and gave the company a “buy” rating in a research note on Thursday. HSBC boosted their price objective on Micron Technology from $350.00 to $500.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. KeyCorp upped their target price on Micron Technology from $450.00 to $600.00 and gave the stock an “overweight” rating in a report on Thursday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Micron Technology in a research report on Thursday, January 29th. Finally, Bank of America lifted their price target on Micron Technology from $400.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday. Five analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $453.55.
Read Our Latest Report on Micron Technology
Micron Technology Trading Down 4.8%
Micron Technology (NASDAQ:MU – Get Free Report) last issued its quarterly earnings data on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 EPS for the quarter, beating the consensus estimate of $8.50 by $3.70. Micron Technology had a net margin of 41.49% and a return on equity of 41.16%. The business had revenue of $23.86 billion during the quarter, compared to the consensus estimate of $18.90 billion. During the same quarter in the prior year, the firm earned $1.56 EPS. The firm’s revenue was up 196.3% compared to the same quarter last year. Equities research analysts forecast that Micron Technology will post 6.08 earnings per share for the current fiscal year.
Micron Technology Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, March 30th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Monday, March 30th. This is a boost from Micron Technology’s previous quarterly dividend of $0.12. Micron Technology’s dividend payout ratio (DPR) is presently 2.17%.
Insider Transactions at Micron Technology
In related news, Director Teyin M. Liu purchased 7,820 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The stock was bought at an average price of $337.50 per share, with a total value of $2,639,250.00. Following the completion of the purchase, the director owned 25,910 shares in the company, valued at approximately $8,744,625. This represents a 43.23% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Sumit Sadana sold 25,000 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $429.89, for a total value of $10,747,250.00. Following the transaction, the executive vice president owned 248,021 shares of the company’s stock, valued at $106,621,747.69. This trade represents a 9.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have purchased 23,200 shares of company stock worth $7,821,723 and have sold 68,623 shares worth $25,989,258. Corporate insiders own 0.24% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. Purpose Unlimited Inc. bought a new position in Micron Technology during the fourth quarter worth $228,000. Stance Capital LLC acquired a new stake in Micron Technology during the 4th quarter worth about $1,542,000. Osbon Capital Management LLC acquired a new stake in Micron Technology during the 4th quarter worth about $45,000. Fund Advisors of America Inc FL bought a new position in shares of Micron Technology in the 4th quarter worth about $1,274,000. Finally, World Investment Advisors raised its position in shares of Micron Technology by 38.1% in the 4th quarter. World Investment Advisors now owns 14,185 shares of the semiconductor manufacturer’s stock worth $4,049,000 after acquiring an additional 3,917 shares in the last quarter. Institutional investors and hedge funds 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: Q2 blowout: Micron reported huge revenue and EPS beats and raised forward guidance, reinforcing AI-driven DRAM/HBM demand and pricing power. Micron’s Mic‑Drop Quarter: AI Memory Demand Supercharged Earnings
- Positive Sentiment: Wall Street lifts price targets and reiterates buys (multiple firms raised PTs substantially), signaling analyst conviction in a sustained AI memory cycle. Bank of America revamps Micron stock price target post earnings
- Positive Sentiment: Supply tightness/HBM momentum: Micron has started volume shipments of HBM4 and analysts highlight persistent HBM shortages that support pricing and margins. Micron Announces Starting Volume Shipment of HBM4 36GB
- Neutral Sentiment: Technical/volatility notes: commentators flag a fast breakout then pullback — some view current action as a potential re-entry/buy-the-dip opportunity while others warn of resistance and a possible bull trap. Is This A Bull Trap For Micron Technology?
- Negative Sentiment: Heavy capex warning: management plans “meaningfully” higher capital spending to expand capacity — investors fear margin pressure and near‑term cash intensity despite long‑term payoff. Micron shares slip as hefty spending plans eclipse strong AI‑fueled earnings
- Negative Sentiment: Sell‑the‑news & downgrade noise: despite stellar results, the stock has seen pullbacks driven by profit‑taking, an analyst downgrade or cautionary notes about sustainability of the cycle. Why Micron (MU) Stock Is Down Today
- Negative Sentiment: Macro/geopolitical risk: recent Middle East energy infrastructure attacks are cited as an additional market headwind that contributed to post‑earnings weakness. Why attack on Qatar’s energy facility is bearish for Micron
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.
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