Micron Technology (NASDAQ:MU) Price Target Cut to $425.00 by Analysts at Citigroup

Micron Technology (NASDAQ:MU) had its price objective cut by investment analysts at Citigroup from $510.00 to $425.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the semiconductor manufacturer’s stock. Citigroup’s price target would suggest a potential upside of 28.25% from the company’s current price.

MU has been the subject of several other reports. Wolfe Research raised their price objective on Micron Technology from $300.00 to $350.00 and gave the company an “outperform” rating in a research note on Thursday, December 18th. Piper Sandler boosted their target price on Micron Technology from $275.00 to $400.00 and gave the company an “overweight” rating in a research report on Wednesday, January 7th. Bank of America increased their price target on Micron Technology from $400.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, March 19th. KeyCorp raised their price target on Micron Technology from $450.00 to $600.00 and gave the stock an “overweight” rating in a research report on Thursday, March 19th. Finally, HSBC lifted their price objective on shares of Micron Technology from $350.00 to $500.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Micron Technology has an average rating of “Buy” and an average target price of $463.71.

Micron Technology Price Performance

NASDAQ:MU traded up $9.58 during trading hours on Tuesday, reaching $331.38. The stock had a trading volume of 55,128,446 shares, compared to its average volume of 39,743,508. The stock has a market capitalization of $373.71 billion, a PE ratio of 15.60 and a beta of 1.50. Micron Technology has a 52 week low of $61.54 and a 52 week high of $471.34. The company has a 50 day moving average price of $405.38 and a two-hundred day moving average price of $295.24. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90.

Insider Buying and Selling at Micron Technology

In other news, EVP Sumit Sadana sold 25,000 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $429.89, for a total transaction of $10,747,250.00. Following the transaction, the executive vice president directly owned 248,021 shares in the company, valued at approximately $106,621,747.69. This trade represents a 9.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Scott R. Allen sold 2,000 shares of Micron Technology stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $337.50, for a total value of $675,000.00. Following the completion of the transaction, the chief accounting officer owned 38,237 shares in the company, valued at $12,904,987.50. This represents a 4.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders acquired 23,200 shares of company stock worth $7,821,723 and sold 53,623 shares worth $21,832,908. Company insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On Micron Technology

Several hedge funds and other institutional investors have recently modified their holdings of MU. Manning & Napier Advisors LLC grew its position in Micron Technology by 2.4% during the 4th quarter. Manning & Napier Advisors LLC now owns 1,030 shares of the semiconductor manufacturer’s stock worth $301,000 after purchasing an additional 24 shares during the period. SWAN Capital LLC raised its stake in shares of Micron Technology by 9.7% during the 4th quarter. SWAN Capital LLC now owns 271 shares of the semiconductor manufacturer’s stock valued at $77,000 after buying an additional 24 shares during the last quarter. Vivaldi Capital Management LP lifted its holdings in shares of Micron Technology by 1.2% in the 4th quarter. Vivaldi Capital Management LP now owns 1,964 shares of the semiconductor manufacturer’s stock valued at $561,000 after buying an additional 24 shares during the period. Round Rock Advisors LLC boosted its stake in shares of Micron Technology by 0.6% in the fourth quarter. Round Rock Advisors LLC now owns 4,333 shares of the semiconductor manufacturer’s stock worth $1,237,000 after buying an additional 25 shares during the last quarter. Finally, Arlington Trust Co LLC boosted its stake in shares of Micron Technology by 26.3% in the fourth quarter. Arlington Trust Co LLC now owns 120 shares of the semiconductor manufacturer’s stock worth $34,000 after buying an additional 25 shares during the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Key Micron Technology News

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

• Positive Sentiment: Q2 results and market chatter show a clear AI/HBM revenue lift — investors point to a big earnings beat and social‑media bullishness around Micron’s role in the AI supply chain. Article Title
• Positive Sentiment: Coverage comparing Micron to Nvidia highlights triple‑digit growth and a possible “Nvidia moment” as AI accelerates demand for memory — a bullish narrative supporting higher multiples. Article Title
• Positive Sentiment: Micron resumed dividend increases after nearly four years, signaling cash‑flow strength and returning capital to shareholders. Article Title
• Positive Sentiment: Analysts and industry notes point to rising HBM demand, long‑term deals and tight AI‑server supply that support pricing power and 2026 capacity commitments. Article Title
• Neutral Sentiment: Street coverage is highly polarized — many buy ratings remain, but price targets vary widely (median and individual targets differ substantially), creating both upside and valuation risk. Article Title
• Negative Sentiment: Short‑term selling pressure tied to Google’s TurboQuant AI memory‑compression story has spooked the market; headlines triggered a sector pullback and raised fears of lower near‑term memory demand. Article Title
• Negative Sentiment: Citi trimmed its price target to $425 (while keeping a Buy) — a reminder that some analysts are pulling near‑term optimism in light of market headlines and capacity plans. Article Title
• Negative Sentiment: Recent volatility includes a sharp post‑earnings sell‑off and notable insider sales and institutional rebalancing, which amplify downside pressure even as fundamentals look strong. Article Title

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.