Micron Technology (NASDAQ:MU) Given New $270.00 Price Target at Mizuho

Micron Technology (NASDAQ:MU) had its target price hoisted by equities researchers at Mizuho from $265.00 to $270.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the semiconductor manufacturer’s stock. Mizuho’s price objective points to a potential upside of 19.52% from the company’s previous close.

Other equities analysts have also recently issued research reports about the stock. Morgan Stanley lifted their price objective on shares of Micron Technology to $338.00 and gave the stock an “overweight” rating in a research note on Monday, November 24th. Needham & Company LLC lifted their price target on shares of Micron Technology from $150.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Weiss Ratings raised Micron Technology from a “hold (c+)” rating to a “buy (b-)” rating in a report on Saturday, November 1st. Stifel Nicolaus raised their price objective on Micron Technology from $173.00 to $195.00 and gave the stock a “buy” rating in a research note on Monday, September 22nd. Finally, TD Cowen lifted their target price on Micron Technology from $200.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, November 19th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Micron Technology presently has an average rating of “Buy” and an average target price of $221.46.

Micron Technology Price Performance

Shares of MU traded down $8.25 during midday trading on Thursday, reaching $225.91. The stock had a trading volume of 9,165,127 shares, 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. The company has a market capitalization of $253.95 billion, a P/E ratio of 29.76, a P/E/G ratio of 0.50 and a beta of 1.54. The firm’s 50 day moving average price is $212.55 and its 200-day moving average price is $152.59. Micron Technology has a 52 week low of $61.54 and a 52 week high of $260.58.

Micron Technology (NASDAQ:MU) last announced its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.86 by $0.17. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The business had revenue of $11.32 billion during the quarter, compared to analysts’ expectations of $11.05 billion. During the same quarter last year, the business posted $1.18 earnings per share. The company’s quarterly revenue was up 46.1% on a year-over-year basis. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. On average, analysts forecast that Micron Technology will post 6.08 earnings per share for the current fiscal year.

Insider Transactions at Micron Technology

In other Micron Technology news, CEO Sanjay Mehrotra sold 3,743 shares of the business’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $233.39, for a total value of $873,578.77. Following the transaction, the chief executive officer owned 396,578 shares in the company, valued at $92,557,339.42. The trade was a 0.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Mark J. Murphy sold 126,000 shares of the company’s stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $225.31, for a total value of $28,389,060.00. Following the completion of the transaction, the chief financial officer directly owned 219,693 shares in the company, valued at approximately $49,499,029.83. The trade was a 36.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 407,352 shares of company stock worth $85,029,962 in the last ninety days. Company insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Micron Technology

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MU. REAP Financial Group LLC acquired a new position in shares of Micron Technology during the 3rd quarter worth $25,000. First Command Advisory Services Inc. lifted its stake in shares of Micron Technology by 225.0% in the 2nd quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 153 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in Micron Technology in the third quarter worth $27,000. Howard Hughes Medical Institute bought a new stake in Micron Technology in the second quarter worth $30,000. Finally, AlphaQuest LLC increased its position in Micron Technology by 13,250.0% during the second quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock worth $33,000 after buying an additional 265 shares during the last quarter. Institutional investors own 80.84% of the company’s stock.

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.