Sanford C. Bernstein Issues Positive Forecast for Micron Technology (NASDAQ:MU) Stock Price

Micron Technology (NASDAQ:MU) had its price target hoisted by research analysts at Sanford C. Bernstein from $270.00 to $330.00 in a research note issued to investors on Friday. The firm presently has an “outperform” rating on the semiconductor manufacturer’s stock. Sanford C. Bernstein’s price target points to a potential upside of 15.45% from the stock’s previous close.

MU has been the subject of several other research reports. Cantor Fitzgerald lifted their price target on shares of Micron Technology from $300.00 to $350.00 and gave the company an “overweight” rating in a research note on Thursday, December 18th. Wolfe Research lifted their price objective on Micron Technology from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Thursday, December 18th. Morgan Stanley increased their target price on shares of Micron Technology from $338.00 to $350.00 and gave the stock an “overweight” rating in a report on Thursday, December 18th. Susquehanna boosted their price target on shares of Micron Technology from $200.00 to $300.00 and gave the company a “positive” rating in a report on Monday, December 8th. Finally, BNP Paribas Exane raised shares of Micron Technology from an “underperform” rating to an “outperform” rating and set a $270.00 price objective for the company in a research note on Monday, October 13th. Five analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $284.24.

Micron Technology Stock Performance

Shares of NASDAQ:MU opened at $285.84 on Friday. The company has a current ratio of 2.46, a quick ratio of 1.78 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $321.71 billion, a price-to-earnings ratio of 27.17, a PEG ratio of 0.18 and a beta of 1.54. Micron Technology has a 12 month low of $61.54 and a 12 month high of $298.83. The firm’s 50-day moving average is $243.94 and its 200 day moving average is $175.54.

Micron Technology (NASDAQ:MU) last released its earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share for the quarter, topping analysts’ consensus estimates of $3.77 by $1.01. The business had revenue of $13.64 billion for the quarter, compared to analyst estimates of $12.62 billion. Micron Technology had a return on equity of 22.71% and a net margin of 28.15%.The business’s revenue was up 56.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.79 earnings per share. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. Research analysts predict that Micron Technology will post 6.08 EPS for the current year.

Insider Transactions at Micron Technology

In related news, EVP April S. Arnzen sold 15,000 shares of the stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $277.09, for a total value of $4,156,350.00. Following the completion of the transaction, the executive vice president directly owned 165,618 shares of the company’s stock, valued at approximately $45,891,091.62. This represents a 8.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Scott J. Deboer sold 82,000 shares of the firm’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $222.81, for a total value of $18,270,420.00. Following the completion of the transaction, the executive vice president owned 154,145 shares in the company, valued at $34,345,047.45. The trade was a 34.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 349,163 shares of company stock worth $77,822,318 over the last quarter. Company insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On Micron Technology

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

Micron Technology Company Profile

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.