Micron Technology (NASDAQ:MU) Given New $550.00 Price Target at JPMorgan Chase & Co.

Micron Technology (NASDAQ:MU) had its price target raised by investment analysts at JPMorgan Chase & Co. from $350.00 to $550.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the semiconductor manufacturer’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 23.72% from the stock’s current price.

A number of other brokerages have also recently commented on MU. Wall Street Zen upgraded Micron Technology from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 23rd. HSBC increased their price target on Micron Technology from $350.00 to $500.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Wells Fargo & Company lifted their price objective on shares of Micron Technology from $470.00 to $550.00 and gave the stock an “overweight” rating in a research note on Thursday. TD Cowen boosted their price objective on shares of Micron Technology from $450.00 to $500.00 and gave the company a “buy” rating in a research report on Monday. Finally, Wedbush increased their target price on shares of Micron Technology from $320.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, March 13th. Five analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Micron Technology presently has an average rating of “Buy” and an average target price of $453.55.

Micron Technology Price Performance

Shares of NASDAQ MU traded down $17.18 during mid-day trading on Thursday, hitting $444.55. 67,216,100 shares of the company’s stock traded hands, compared to its average volume of 37,110,379. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.46 and a quick ratio of 1.78. Micron Technology has a 1 year low of $61.54 and a 1 year high of $471.34. The company’s 50-day moving average is $398.74 and its two-hundred day moving average is $279.79. The company has a market capitalization of $500.35 billion, a P/E ratio of 42.26 and a beta of 1.50.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 EPS for the quarter, topping the consensus estimate of $8.50 by $3.70. Micron Technology had a return on equity of 22.71% and a net margin of 28.15%.The company had revenue of $23.86 billion during the quarter, compared to analyst estimates of $18.90 billion. During the same quarter last year, the business posted $1.56 earnings per share. The firm’s revenue was up 196.3% on a year-over-year basis. On average, equities analysts anticipate that Micron Technology will post 6.08 EPS for the current fiscal year.

Insider Activity

In other news, Director Teyin M. Liu acquired 7,820 shares of Micron Technology stock in a transaction on Wednesday, January 14th. The shares were bought at an average cost of $337.50 per share, for a total transaction of $2,639,250.00. Following the acquisition, the director directly owned 25,910 shares of the company’s stock, valued at $8,744,625. This trade represents a 43.23% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP April S. Arnzen sold 15,000 shares of Micron Technology stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $277.09, for a total value of $4,156,350.00. Following the sale, the executive vice president directly owned 165,618 shares of the company’s stock, valued at approximately $45,891,091.62. This trade represents a 8.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have purchased 23,200 shares of company stock valued at $7,821,723 and have sold 73,623 shares valued at $27,307,408. Insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On Micron Technology

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. REAP Financial Group LLC purchased a new stake in Micron Technology in the third quarter worth about $25,000. High Note Wealth LLC increased its position in Micron Technology by 65.4% during the 4th quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 34 shares during the period. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Micron Technology in the 3rd quarter valued at about $27,000. Elevation Wealth Partners LLC raised its holdings in shares of Micron Technology by 295.8% in the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 71 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. lifted its position in shares of Micron Technology by 4,800.0% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock worth $28,000 after purchasing an additional 96 shares during the period. Institutional investors own 80.84% of the company’s stock.

Key Headlines Impacting Micron Technology

Here are the key news stories impacting Micron Technology this week:

• Positive Sentiment: Blowout Q2 results and aggressive guidance — Micron posted ~$23.9B revenue and $12.20 EPS (well above consensus) and guided to even stronger next‑quarter revenue/margins, underpinning the AI memory story. Reuters: Micron beats quarterly revenue estimates
• Positive Sentiment: Heavy analyst upside: multiple firms hiked price targets (examples today include Barclays to $675, Cantor Fitzgerald to $700, KeyCorp to $600, Wells Fargo to $550, Mizuho to $530, BofA/UBS/Citigroup/Needham/Deutsche Bank raising targets). That broad upgrade flow supports further upside over the medium term. Benzinga: analyst price target coverage
• Positive Sentiment: Dividend hike — Micron raised its quarterly dividend to $0.15 (≈30% increase), signaling confidence in cash flow and returning capital while scaling capacity. Seeking Alpha: Dividend raise
• Neutral Sentiment: Product/market momentum — Micron is ramping HBM4 and PCIe Gen6 SSDs for AI workloads; strong demand and sold‑out 2026 supply support pricing, but execution/timing matter. Yahoo: HBM4 and product ramps
• Negative Sentiment: Hefty capex guidance spooked investors — management said capital spending will step up “meaningfully” to meet demand, which increases near‑term cash burn and raised concerns about margin sustainability. That was a key reason for the intra‑day pullback. Reuters: spending plans eclipse earnings
• Negative Sentiment: Supply, power and execution risks flagged — analysts and commentators warn that factory/power constraints and the timing of capacity additions could limit upside and justify short‑term caution. Zacks: slips despite earnings
• Negative Sentiment: Profit‑taking and macro/geopolitical noise — MU rallied sharply YTD, so some pullback reflects rotation and risk‑off sentiment (plus concerns about a recent attack on Qatar energy infrastructure that briefly pressured markets). Invezz: Qatar attack risk

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.