Wedbush Issues Positive Forecast for Micron Technology (NASDAQ:MU) Stock Price

Micron Technology (NASDAQ:MU) had its price objective raised by investment analysts at Wedbush from $500.00 to $1,300.00 in a report issued on Thursday. The firm presently has an “outperform” rating on the semiconductor manufacturer’s stock. Wedbush’s price target indicates a potential upside of 24.62% from the stock’s previous close.

MU has been the topic of several other reports. Bank of America upped their price target on shares of Micron Technology from $400.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, March 19th. Mizuho upped their target price on Micron Technology to $800.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 19th. Erste Group Bank lowered Micron Technology from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. Needham & Company LLC lifted their price target on Micron Technology from $450.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. Finally, Royal Bank Of Canada boosted their price target on Micron Technology from $525.00 to $1,200.00 and gave the company an “outperform” rating in a report on Monday. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $913.47.

Micron Technology Stock Performance

Shares of NASDAQ MU opened at $1,043.19 on Thursday. The company has a 50 day simple moving average of $718.42 and a two-hundred day simple moving average of $482.57. The stock has a market cap of $1.18 trillion, a price-to-earnings ratio of 49.25 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. Micron Technology has a 12 month low of $103.38 and a 12 month high of $1,110.40.

Micron Technology (NASDAQ:MU) last issued its earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.19 by $3.01. The firm had revenue of $23.86 billion during the quarter, compared to analysts’ expectations of $19.97 billion. Micron Technology had a net margin of 41.49% and a return on equity of 41.16%. The firm’s revenue was up 196 compared to the same quarter last year. During the same quarter last year, the company posted $1.56 earnings per share. As a group, analysts predict that Micron Technology will post 59.23 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $536.26, for a total value of $21,450,400.00. Following the completion of the transaction, the chief executive officer owned 424,503 shares of the company’s stock, valued at approximately $227,643,978.78. This represents a 8.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Steven J. Gomo sold 2,000 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $787.03, for a total value of $1,574,060.00. Following the transaction, the director owned 17,139 shares in the company, valued at $13,488,907.17. This represents a 10.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 146,000 shares of company stock worth $85,486,715 in the last 90 days. 0.24% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Micron Technology

A number of institutional investors have recently added to or reduced their stakes in the stock. High Note Wealth LLC lifted its holdings in Micron Technology by 65.4% during the fourth 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 in the last quarter. Elevation Wealth Partners LLC raised its position in shares of Micron Technology by 295.8% during the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 71 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Micron Technology during the 1st quarter worth about $27,000. Steigerwald Gordon & Koch Inc. lifted its stake in Micron Technology by 4,800.0% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock valued at $28,000 after buying an additional 96 shares in the last quarter. Finally, Bayban purchased a new position in Micron Technology in the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Key Micron Technology News

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

• Positive Sentiment: Apple CEO Tim Cook said iPhone price hikes may be unavoidable, reinforcing optimism across the semiconductor supply chain and helping memory-chip names like Micron rally. Micron Stock Surges Toward Record High. Thank Apple.
• Positive Sentiment: Several Wall Street firms raised Micron’s price target sharply, including Deutsche Bank, RBC Capital, and Citi, citing persistent memory shortages, stronger pricing, and sustained AI infrastructure demand. Analyst price target updates
• Positive Sentiment: Investors remain bullish ahead of Micron’s fiscal third-quarter earnings on June 24, with articles highlighting expected earnings growth, improving DRAM/NAND estimates, and the possibility of another upside surprise. Micron (MU) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release
• Positive Sentiment: Commentary continues to emphasize AI demand for high-bandwidth memory (HBM) and strategic customer agreements, which support Micron’s pricing power and earnings visibility. Micron Technology: Agentic AI And Strategic Customer Agreements Make The Bull Case Compelling
• Neutral Sentiment: Some pieces focus on valuation, stock-split speculation, and whether the rally can continue after an enormous run, suggesting investor attention is shifting from “can it rise?” to “how much upside is left?” Will Micron Split Its Stock This Year?
• Negative Sentiment: A minority of coverage warns that Micron’s earnings power may be nearing a cycle peak, and at least one note recommends taking profits after the stock’s huge run. Micron: Peak Earnings Power Meets The Cycle Clock (Rating Downgrade)

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.