Investment analysts at Deutsche Bank Aktiengesellschaft have increased their target price for Micron Technology (NASDAQ: MU) from $200.00 to $280.00, as detailed in a research note published on Tuesday. This adjustment reflects a “buy” rating for the semiconductor manufacturer, suggesting a potential upside of approximately 10.99% from the stock’s previous closing price.
Several other research firms have also recently updated their evaluations of Micron Technology. On November 17, Rosenblatt Securities set a new price target at $300.00 with a “buy” rating. Following that, Wall Street Zen upgraded the stock from “buy” to “strong-buy” on November 23. On December 2, Wolfe Research raised their target price to $300.00 while maintaining an “outperform” rating. Additionally, Citigroup increased its target from $240.00 to $275.00, also rating the stock as a “buy.” Lastly, The Goldman Sachs Group raised its price target from $180.00 to $205.00 on December 3.
Overall, five analysts have rated Micron Technology with a “Strong Buy,” while twenty-eight have given a “Buy” rating, and three have issued a “Hold” rating. According to MarketBeat.com, the stock currently has an average rating of “Buy” with an average target price of $231.41.
Recent Financial Performance
On September 23, Micron Technology announced its quarterly earnings, reporting earnings per share (EPS) of $3.03, surpassing the consensus estimate of $2.86 by $0.17. The company achieved revenue of $11.32 billion for the quarter, exceeding analysts’ expectations of $11.05 billion. This performance highlighted a significant increase in revenue, which was up 46.1% year-over-year. In the same quarter the previous year, the firm posted an EPS of $1.18.
Looking ahead, Micron Technology has set its guidance for Q1 2026 at an EPS range of 3.600-3.900. Analysts project the company will achieve an EPS of 6.08 for the current fiscal year.
Insider Transactions and Institutional Holdings
In related news, Sanjay Mehrotra, the CEO of Micron Technology, sold 3,743 shares of the company on November 7, for a total value of $873,578.77. Following this sale, Mehrotra retains 396,578 shares valued at approximately $92,557,339.42, marking a decrease of 0.93% in his holdings. This transaction was disclosed in a filing with the SEC.
Additionally, Scott J. Deboer, Executive Vice President, sold 82,000 shares on October 27, amounting to $18,270,420.00, which represented a 34.72% reduction in his ownership, leaving him with 154,145 shares valued at $34,345,047.45. In total, insiders sold 399,852 shares worth $84,048,737 in the past 90 days, and insiders currently own 0.24% of the company’s stock.
Institutional investors have also been active in adjusting their holdings of Micron Technology. Vanguard Group Inc. increased its stake by 0.7% during the third quarter, now owning 104,653,450 shares valued at $17.51 billion. State Street Corp grew its holdings by 0.6%, now holding 51,659,173 shares worth $8.64 billion.
Moreover, Geode Capital Management LLC raised its stake by 1.2% in the second quarter, owning 25,690,491 shares valued at $3.15 billion, while Capital International Investors increased its position by 0.7% during the same period. Notably, Norges Bank acquired a new stake valued at approximately $1.98 billion. Currently, institutional investors hold 80.84% of the company’s stock.
About Micron Technology
Micron Technology, Inc. engages in the design, development, manufacturing, and sale of memory and storage products globally. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. Micron provides a range of memory and storage technologies, including dynamic random access memory (DRAM) semiconductor devices and non-volatile storage solutions under the Micron and Crucial brands.
As analysts continue to monitor Micron Technology’s performance and outlook, the recent price target increases suggest a positive sentiment towards the company’s future prospects, driven by its strong financial results and strategic position in the semiconductor industry.
