Micron Technology (NASDAQ:MU) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Micron Technology (NASDAQ:MU) had its price objective boosted by The Goldman Sachs Group from $145.00 to $180.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the semiconductor manufacturer’s stock. The Goldman Sachs Group’s price target suggests a potential downside of 0.88% from the stock’s previous close.

MU has been the topic of a number of other research reports. CLSA began coverage on shares of Micron Technology in a report on Wednesday, August 27th. They issued an “outperform” rating and a $155.00 price target on the stock. Cantor Fitzgerald lifted their price target on shares of Micron Technology from $185.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, September 24th. Barclays lifted their price objective on Micron Technology from $140.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. Wall Street Zen lowered Micron Technology from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 4th. Finally, Needham & Company LLC lifted their price objective on Micron Technology from $150.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Four research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Micron Technology presently has a consensus rating of “Buy” and a consensus target price of $191.78.

Micron Technology Price Performance

Shares of NASDAQ:MU opened at $181.60 on Thursday. The company’s 50-day moving average is $142.80 and its 200 day moving average is $113.85. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52. The company has a market capitalization of $203.84 billion, a P/E ratio of 23.93, a price-to-earnings-growth ratio of 0.42 and a beta of 1.56. Micron Technology has a fifty-two week low of $61.54 and a fifty-two week high of $201.00.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.86. The company had revenue of $11.32 billion for the quarter, compared to the consensus estimate of $11.05 billion. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The firm’s quarterly revenue was up 46.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. On average, equities research analysts forecast that Micron Technology will post 6.08 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Richard M. Beyer sold 5,552 shares of the business’s stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $155.68, for a total transaction of $864,335.36. Following the completion of the transaction, the director directly owned 96,031 shares in the company, valued at $14,950,106.08. The trade was a 5.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP April S. Arnzen sold 15,000 shares of the business’s stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $164.04, for a total value of $2,460,600.00. Following the transaction, the executive vice president owned 131,580 shares of the company’s stock, valued at approximately $21,584,383.20. The trade was a 10.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 146,956 shares of company stock valued at $22,841,025. Company insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On Micron Technology

Several hedge funds have recently bought and sold shares of MU. Norges Bank bought a new stake in Micron Technology during the second quarter valued at approximately $1,980,700,000. Nuveen LLC bought a new stake in Micron Technology during the first quarter valued at approximately $369,191,000. Slate Path Capital LP bought a new stake in Micron Technology during the second quarter valued at approximately $317,751,000. Vanguard Group Inc. raised its position in Micron Technology by 2.1% during the first quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer’s stock valued at $8,854,644,000 after purchasing an additional 2,049,163 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Micron Technology by 23.8% during the first quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer’s stock valued at $922,467,000 after purchasing an additional 2,038,641 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors.

Micron Technology Company Profile

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.