Micron Technology (NASDAQ:MU) Stock Price Expected to Rise, Mizuho Analyst Says

Micron Technology (NASDAQ:MU) had its price target hoisted by investment analysts at Mizuho from $1,150.00 to $1,375.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the semiconductor manufacturer’s stock. Mizuho’s price objective points to a potential upside of 13.31% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. Needham & Company LLC increased their target price on shares of Micron Technology from $1,550.00 to $1,650.00 and gave the company a “buy” rating in a research note on Thursday. Citigroup upped their price target on shares of Micron Technology from $840.00 to $1,200.00 and gave the company a “buy” rating in a report on Wednesday, June 17th. Raymond James Financial set a $1,500.00 price objective on shares of Micron Technology in a research report on Thursday. JPMorgan Chase & Co. raised their price target on Micron Technology from $350.00 to $550.00 and gave the stock an “overweight” rating in a research note on Thursday, March 19th. Finally, Barclays boosted their price objective on Micron Technology from $450.00 to $675.00 and gave the company an “overweight” rating in a report on Thursday, March 19th. Five research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $1,177.47.

Micron Technology Trading Up 15.7%

Shares of NASDAQ MU traded up $165.01 during trading hours on Thursday, hitting $1,213.52. 49,478,872 shares of the company traded hands, compared to its average volume of 45,113,855. The stock has a market capitalization of $1.37 trillion, a price-to-earnings ratio of 57.34 and a beta of 2.16. The company has a current ratio of 2.90, a quick ratio of 2.32 and a debt-to-equity ratio of 0.13. The company’s 50 day moving average price is $788.74 and its 200 day moving average price is $513.50. Micron Technology has a 12 month low of $103.38 and a 12 month high of $1,255.00.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $20.98 by $4.13. The company had revenue of $41.46 billion during the quarter, compared to the consensus estimate of $35.91 billion. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.Micron Technology’s revenue was up 345.8% on a year-over-year basis. During the same period last year, the company earned $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, equities research analysts anticipate that Micron Technology will post 60.34 earnings per share for the current fiscal year.

Insider Transactions at Micron Technology

In other news, CEO Sanjay Mehrotra sold 37,439 shares of the stock in a transaction on Friday, May 29th. The stock was sold at an average price of $960.38, for a total transaction of $35,955,666.82. Following the transaction, the chief executive officer owned 387,064 shares of the company’s stock, valued at approximately $371,728,524.32. This represents a 8.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Sumit Sadana sold 24,000 shares of the firm’s stock in a transaction on Friday, April 10th. The shares were sold at an average price of $421.35, for a total value of $10,112,400.00. Following the transaction, the executive vice president owned 224,021 shares in the company, valued at approximately $94,391,248.35. This represents a 9.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 146,000 shares of company stock valued at $85,486,715 over the last 90 days. 0.24% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Micron Technology

Several hedge funds have recently modified their holdings of the business. Heritage Trust Co raised its stake in Micron Technology by 9.7% in the 4th quarter. Heritage Trust Co now owns 15,026 shares of the semiconductor manufacturer’s stock worth $4,289,000 after acquiring an additional 1,323 shares during the last quarter. Westpac Banking Corp increased its holdings in Micron Technology by 251.0% in the 3rd quarter. Westpac Banking Corp now owns 23,086 shares of the semiconductor manufacturer’s stock worth $3,863,000 after buying an additional 16,509 shares during the period. Wellington Management Group LLP raised its position in Micron Technology by 19.9% during the 3rd quarter. Wellington Management Group LLP now owns 7,150,530 shares of the semiconductor manufacturer’s stock worth $1,196,427,000 after buying an additional 1,188,296 shares during the last quarter. Fulton Bank N.A. lifted its stake in Micron Technology by 79.1% during the 4th quarter. Fulton Bank N.A. now owns 16,183 shares of the semiconductor manufacturer’s stock valued at $4,619,000 after acquiring an additional 7,147 shares during the period. Finally, Financial Synergies Wealth Advisors Inc. purchased a new stake in shares of Micron Technology in the 4th quarter valued at $1,316,000. Hedge funds and other 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: Micron delivered record Q3 revenue and EPS, crushing estimates and signaling strong operating leverage from AI memory demand.
• Positive Sentiment: Management issued much stronger-than-expected Q4 guidance and said customers are locking in future supply with long-term commitments, improving visibility. Micron Technology, Inc. Reports Record Results for the Third Quarter of Fiscal 2026
• Positive Sentiment: Analysts raised targets and reiterated buy ratings after the report, reflecting confidence that AI-driven memory shortages can support higher earnings for longer.
• Positive Sentiment: The strong quarter reignited the AI and chip rally, lifting peers and improving sentiment across the broader tech sector. Micron and Qualcomm forecasts ignite $400 billion AI chip stock rally
• Neutral Sentiment: Some commentary says the stock’s huge run has already priced in a lot of good news, so it may remain volatile even if the long-term AI story stays intact.
• Negative Sentiment: Several analysts warned that if AI memory demand cools or margins normalize, Micron could face a pullback because expectations are now very high.

About Micron Technology

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.