Micron Technology (NASDAQ:MU) Now Covered by Analysts at William Blair

Equities research analysts at William Blair began coverage on shares of Micron Technology (NASDAQ:MUGet Free Report) in a research note issued to investors on Thursday, MarketBeat Ratings reports. The firm set an “outperform” rating on the semiconductor manufacturer’s stock.

Other equities analysts have also recently issued research reports about the company. Wolfe Research raised their target price on Micron Technology from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday, December 18th. Bank of America lifted their price objective on shares of Micron Technology from $300.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. Royal Bank Of Canada began coverage on shares of Micron Technology in a report on Thursday, January 15th. They set an “outperform” rating and a $425.00 price objective for the company. JPMorgan Chase & Co. increased their target price on shares of Micron Technology from $220.00 to $350.00 and gave the stock an “overweight” rating in a report on Thursday, December 18th. Finally, Wedbush set a $320.00 price target on shares of Micron Technology in a report on Thursday, December 18th. Four analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $340.79.

Get Our Latest Report on MU

Micron Technology Price Performance

MU opened at $389.11 on Thursday. The company has a fifty day moving average price of $275.45 and a two-hundred day moving average price of $197.54. The firm has a market capitalization of $437.95 billion, a PE ratio of 36.99 and a beta of 1.50. Micron Technology has a 52 week low of $61.54 and a 52 week high of $394.20. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.78 and a current ratio of 2.46.

Micron Technology (NASDAQ:MUGet Free Report) last posted its quarterly earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share for the quarter, beating analysts’ consensus estimates of $3.77 by $1.01. Micron Technology had a return on equity of 22.71% and a net margin of 28.15%.The company had revenue of $13.64 billion for the quarter, compared to the consensus estimate of $12.62 billion. During the same quarter in the prior year, the business posted $1.79 EPS. The firm’s quarterly revenue was up 56.7% on a year-over-year basis. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. As a group, analysts anticipate that Micron Technology will post 6.08 earnings per share for the current year.

Insider Transactions at Micron Technology

In other news, EVP Scott J. Deboer sold 82,000 shares of the business’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $222.81, for a total value of $18,270,420.00. Following the sale, the executive vice president directly owned 154,145 shares in the company, valued at $34,345,047.45. The trade was a 34.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Teyin M. Liu acquired 11,600 shares of Micron Technology stock in a transaction dated Wednesday, January 14th. The shares were purchased at an average cost of $337.22 per share, with a total value of $3,911,752.00. Following the completion of the transaction, the director directly owned 25,910 shares of the company’s stock, valued at $8,737,370.20. This trade represents a 81.06% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders sold 287,500 shares of company stock worth $65,892,908. Company insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Micron Technology

Several institutional investors have recently bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of Micron Technology by 18.3% in the fourth quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock worth $532,000 after purchasing an additional 976 shares in the last quarter. Sivia Capital Partners LLC increased its stake in Micron Technology by 21.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,528 shares of the semiconductor manufacturer’s stock valued at $435,000 after buying an additional 628 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its position in Micron Technology by 9.0% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 9,440 shares of the semiconductor manufacturer’s stock worth $1,163,000 after buying an additional 783 shares in the last quarter. Accurate Wealth Management LLC bought a new stake in Micron Technology during the 2nd quarter worth about $288,000. Finally, Norden Group LLC boosted its stake in shares of Micron Technology by 26.7% during the 2nd quarter. Norden Group LLC now owns 5,648 shares of the semiconductor manufacturer’s stock worth $696,000 after buying an additional 1,190 shares during the last quarter. Institutional investors own 80.84% of the company’s stock.

More Micron Technology News

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About Micron Technology

(Get Free Report)

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.

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Analyst Recommendations for Micron Technology (NASDAQ:MU)

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