The Goldman Sachs Group Boosts Micron Technology (NASDAQ:MU) Price Target to $900.00

Micron Technology (NASDAQ:MU) had its price target raised by research analysts at The Goldman Sachs Group from $400.00 to $900.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the semiconductor manufacturer’s stock. The Goldman Sachs Group’s target price would suggest a potential downside of 3.83% from the company’s current price.

A number of other research analysts have also recently issued reports on the stock. DA Davidson assumed coverage on shares of Micron Technology in a research report on Monday, May 11th. They set a “buy” rating and a $1,000.00 price target for the company. Citigroup upped their price objective on shares of Micron Technology from $425.00 to $840.00 and gave the stock a “buy” rating in a report on Tuesday, May 19th. Raymond James Financial raised their target price on shares of Micron Technology from $530.00 to $1,100.00 and gave the company an “outperform” rating in a research note on Monday, June 1st. Susquehanna boosted their price target on Micron Technology from $600.00 to $1,750.00 and gave the stock a “positive” rating in a research report on Friday, May 29th. Finally, Mizuho upped their price target on Micron Technology to $800.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 19th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $707.63.

Micron Technology Price Performance

Shares of MU stock opened at $935.89 on Wednesday. The stock has a market cap of $1.06 trillion, a price-to-earnings ratio of 44.19 and a beta of 2.16. The business’s fifty day moving average is $640.73 and its 200 day moving average is $449.45. Micron Technology has a twelve month low of $103.38 and a twelve month high of $1,089.29. The company has a quick ratio of 2.32, a current ratio of 2.90 and a debt-to-equity ratio of 0.13.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 EPS for the quarter, beating the consensus estimate of $9.19 by $3.01. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.The business had revenue of $23.86 billion during the quarter, compared to analyst estimates of $19.97 billion. During the same quarter last year, the firm posted $1.56 earnings per share. The company’s revenue for the quarter was up 196 on a year-over-year basis. Research analysts expect that Micron Technology will post 58.79 EPS for the current fiscal year.

Insider Activity at Micron Technology

In other Micron Technology news, Director Steven J. Gomo sold 2,000 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $787.03, for a total transaction 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. The trade was a 10.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Sumit Sadana sold 24,000 shares of Micron Technology stock in a transaction on Friday, April 10th. The stock was sold at an average price of $421.35, for a total value of $10,112,400.00. Following the completion of the sale, the executive vice president directly owned 224,021 shares of the company’s stock, valued at $94,391,248.35. The trade was a 9.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 146,000 shares of company stock worth $85,486,715 in the last three months. 0.24% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Micron Technology

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rathbones Group PLC lifted its stake in shares of Micron Technology by 31.4% during the 1st quarter. Rathbones Group PLC now owns 27,152 shares of the semiconductor manufacturer’s stock valued at $9,173,000 after buying an additional 6,487 shares in the last quarter. Positano Wealth Management Ltd boosted its position in shares of Micron Technology by 54.7% during the 1st quarter. Positano Wealth Management Ltd now owns 22,733 shares of the semiconductor manufacturer’s stock valued at $7,680,000 after acquiring an additional 8,041 shares during the last quarter. Wealthquest Corp bought a new position in shares of Micron Technology during the 1st quarter valued at approximately $305,000. Parallel Advisors LLC grew its holdings in shares of Micron Technology by 26.7% in the first quarter. Parallel Advisors LLC now owns 18,868 shares of the semiconductor manufacturer’s stock valued at $6,374,000 after purchasing an additional 3,979 shares in the last quarter. Finally, NewEdge Advisors LLC increased its position in Micron Technology by 62.8% in the first quarter. NewEdge Advisors LLC now owns 187,706 shares of the semiconductor manufacturer’s stock worth $63,415,000 after purchasing an additional 72,393 shares during the last quarter. Institutional investors own 80.84% of the company’s stock.

Micron Technology News Summary

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

• Positive Sentiment: Wells Fargo raised its price target on Micron to $1,220 from $550, while Cantor Fitzgerald lifted its target to $1,500, reinforcing Wall Street’s bullish view on AI-driven memory demand. Wells Fargo boosts Micron stock price target
• Positive Sentiment: Micron appointed Dr. Alexis Black Björlin to its board, adding executive experience in AI infrastructure, cloud, and semiconductors that investors may view as strategically helpful. Micron Appoints Alexis Black Björlin to Board of Directors
• Positive Sentiment: Several articles highlighted the “memory supercycle” and strong AI infrastructure demand, suggesting long-term pricing and supply conditions remain favorable for Micron’s DRAM and HBM business. MarketWatch memory supercycle article
• Neutral Sentiment: Brokerage sentiment remains strong overall, with multiple “Buy” and “Outperform” ratings and no sell ratings noted in recent coverage.
• Neutral Sentiment: Micron’s upcoming June 24 earnings report is a major catalyst; investors are watching whether the company can justify the recent rally with another strong print. What Micron Stock Needs to Kick-Start Its Rally
• Negative Sentiment: Recent trading has also been volatile, with commentary noting sharp pullbacks in memory and AI chip names as investors worry about stretched valuations and a potential sector correction. Micron And The Memory Trade Look Bulletproof
• Negative Sentiment: Several headlines warned that Micron may have run too far too fast, with some analysts arguing the stock could be vulnerable if earnings or guidance merely meet expectations instead of beating them. Up 174% Year-to-Date: 1 Major Reason to Hold Off on Micron Technology Stock at 950

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.