Mizuho Raises Micron Technology (NASDAQ:MU) Price Target to $270.00

Mizuho raised its price target for Micron Technology (NASDAQ:MU) from $265.00 to $270.00, maintaining an "outperform" rating. This suggests a potential upside of 19.52% from the current price. Other analysts have also increased their targets, with Citigroup setting a target of $275.00 and Morgan Stanley at $338.00. Micron's stock is currently trading at $225.91, down 3.5%. The company reported strong quarterly earnings, with a 46.1% revenue increase year-over-year.

Micron Technology (NASDAQ:MU - Get Free Report) had its price objective hoisted by Mizuho from $265.00 to $270.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an "outperform" rating on the semiconductor manufacturer's stock. Mizuho's target price suggests a potential upside of 19.52% from the company's current price.

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Several other brokerages also recently issued reports on MU. Bank of America increased their price target on Micron Technology from $140.00 to $180.00 and gave the company a "neutral" rating in a report on Wednesday, September 24th. Raymond James Financial upped their target price on Micron Technology from $150.00 to $190.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 24th. Wall Street Zen upgraded Micron Technology from a "buy" rating to a "strong-buy" rating in a report on Sunday, November 23rd. Citigroup boosted their price target on Micron Technology from $240.00 to $275.00 and gave the stock a "buy" rating in a research report on Monday, October 27th. Finally, Morgan Stanley upped their price target on Micron Technology to $338.00 and gave the stock an "overweight" rating in a report on Monday, November 24th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $221.46.

Check Out Our Latest Stock Analysis on Micron Technology

Micron Technology Trading Down 3.5%

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MU stock traded down $8.25 during midday trading on Thursday, reaching $225.91. 9,165,127 shares of the company's stock traded hands, compared to its average volume of 23,547,041. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79. Micron Technology has a fifty-two week low of $61.54 and a fifty-two week high of $260.58. The business has a 50-day moving average price of $212.55 and a two-hundred day moving average price of $152.59. The company has a market capitalization of $253.95 billion, a P/E ratio of 29.76, a PEG ratio of 0.50 and a beta of 1.54.

Micron Technology (NASDAQ:MU - Get Free Report) last released its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $0.17. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The company had revenue of $11.32 billion during the quarter, compared to analyst estimates of $11.05 billion. During the same quarter in the prior year, the business earned $1.18 earnings per share. The business's quarterly revenue was up 46.1% compared to the same quarter last year. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Equities research analysts forecast that Micron Technology will post 6.08 EPS for the current fiscal year.

Insider Transactions at Micron Technology

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In related news, CEO Sanjay Mehrotra sold 22,500 shares of the firm's stock in a transaction on Monday, October 27th. The stock was sold at an average price of $220.72, for a total transaction of $4,966,200.00. Following the transaction, the chief executive officer directly owned 446,578 shares in the company, valued at $98,568,696.16. This trade represents a 4.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Scott J. Deboer sold 82,000 shares of Micron Technology stock in a transaction on Monday, October 27th. The stock was sold at an average price of $222.81, for a total transaction of $18,270,420.00. Following the completion of the transaction, the executive vice president directly owned 154,145 shares of the company's stock, valued at approximately $34,345,047.45. This represents a 34.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 407,352 shares of company stock worth $85,029,962. 0.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Orleans Capital Management Corp LA acquired a new position in Micron Technology during the 2nd quarter worth $256,000. Wealthspire Advisors LLC lifted its holdings in Micron Technology by 27.8% in the second quarter. Wealthspire Advisors LLC now owns 14,754 shares of the semiconductor manufacturer's stock worth $1,818,000 after purchasing an additional 3,208 shares during the period. KLP Kapitalforvaltning AS grew its position in Micron Technology by 6.2% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 403,105 shares of the semiconductor manufacturer's stock valued at $49,683,000 after buying an additional 23,600 shares in the last quarter. WealthBridge Capital Management LLC acquired a new position in Micron Technology during the 2nd quarter valued at about $210,000. Finally, Achmea Investment Management B.V. bought a new stake in shares of Micron Technology during the 2nd quarter worth about $3,759,000. 80.84% of the stock is currently owned by institutional investors.

About Micron Technology

(Get Free Report)

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.

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