Bank of America Issues Positive Forecast for Micron Technology (NASDAQ:MU) Stock Price

Micron Technology (NASDAQ:MU) had its price target hoisted by stock analysts at Bank of America from $950.00 to $1,500.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor manufacturer’s stock. Bank of America‘s price objective points to a potential upside of 23.83% from the company’s current price.

MU has been the subject of several other research reports. Wells Fargo & Company lifted their price objective on shares of Micron Technology from $550.00 to $1,220.00 and gave the stock an “overweight” rating in a research note on Monday, June 8th. Needham & Company LLC lifted their price target on shares of Micron Technology from $500.00 to $1,550.00 and gave the company a “buy” rating in a research report on Monday. Susquehanna boosted their price target on Micron Technology from $600.00 to $1,750.00 and gave the company a “positive” rating in a research note on Friday, May 29th. TD Cowen increased their price target on Micron Technology from $660.00 to $1,500.00 and gave the stock a “buy” rating in a research report on Monday, June 15th. Finally, DA Davidson initiated coverage on Micron Technology in a research note on Monday, May 11th. They set a “buy” rating and a $1,000.00 price objective on the stock. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $1,008.13.

Micron Technology Trading Up 6.8%

Shares of Micron Technology stock opened at $1,211.38 on Tuesday. The firm has a 50-day moving average of $763.89 and a 200-day moving average of $502.03. The stock has a market cap of $1.37 trillion, a PE ratio of 57.19 and a beta of 2.15. Micron Technology has a 52-week low of $103.38 and a 52-week high of $1,213.56. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90.

Insider Activity

In other Micron Technology news, EVP April S. Arnzen sold 40,000 shares of the company’s stock in a transaction on Wednesday, April 1st. The stock was 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 directly owned 125,737 shares in the company, valued at $43,679,776.43. This represents a 24.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Steven J. Gomo sold 2,000 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $787.03, for a total value of $1,574,060.00. Following the completion of the sale, the director directly owned 17,139 shares in the company, valued at approximately $13,488,907.17. This represents a 10.45% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 146,000 shares of company stock worth $85,486,715. Insiders own 0.24% of the company’s stock.

Institutional Trading of Micron Technology

Institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank acquired a new position in Micron Technology during the fourth quarter worth about $6,433,456,000. AQR Capital Management LLC boosted its stake in shares of Micron Technology by 411.9% in the 3rd quarter. AQR Capital Management LLC now owns 3,627,022 shares of the semiconductor manufacturer’s stock valued at $606,873,000 after purchasing an additional 2,918,535 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Micron Technology by 1,340.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,820,986 shares of the semiconductor manufacturer’s stock valued at $805,148,000 after purchasing an additional 2,625,169 shares during the last quarter. Amundi increased its position in Micron Technology by 65.0% during the 4th quarter. Amundi now owns 4,989,400 shares of the semiconductor manufacturer’s stock worth $1,424,025,000 after purchasing an additional 1,965,319 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Micron Technology by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer’s stock worth $30,427,016,000 after purchasing an additional 1,954,644 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Micron announced a strategic agreement with Anthropic covering AI memory and storage supply, AI infrastructure design, enterprise adoption of Claude, and a strategic investment in Anthropic’s funding round, reinforcing Micron’s role in the AI buildout. Micron, Anthropic sign AI infrastructure supply agreement
• Positive Sentiment: Analysts and market commentators remain bullish ahead of earnings, with multiple price-target hikes and expectations for sharply higher revenue and profit driven by AI-related memory demand. Micron Technology Stock Hits 52-Week High – Here's Why
• Positive Sentiment: Shares have been trading near record highs and leading a broader rally in memory and storage stocks, reflecting strong momentum into the earnings release. KOSPI Selloff Is Bad News for Micron as SK Hynix, Samsung Dive
• Neutral Sentiment: Investors are waiting for Micron’s fiscal Q3 results on June 24, which are expected to provide the next major catalyst and clarify whether AI-driven demand can justify current expectations. Micron (MU) Q2 Earnings: What To Expect
• Negative Sentiment: Micron is also being weighed by a broader tech and semiconductor risk-off move, as investors rotate away from high-growth names and worry that sentiment across Asian chip peers has become overheated. KOSPI Selloff Is Bad News for Micron as SK Hynix, Samsung Dive
• Negative Sentiment: Some articles flagged valuation risk, noting that after Micron’s explosive rally, even strong earnings may not be enough if guidance fails to exceed very high market expectations. Why Is Micron Technology Stock Falling Tuesday?

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.