Analysts Set Micron Technology, Inc. (NASDAQ:MU) Target Price at $1,295.63

Shares of Micron Technology, Inc. (NASDAQ:MU) have been given a consensus recommendation of “Buy” by the thirty-eight analysts that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and four have given a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $1,295.6333.

Several research firms have issued reports on MU. Seaport Research Partners restated a “buy” rating on shares of Micron Technology in a research note on Friday, August 14th. Weiss Ratings restated a “buy (b)” rating on shares of Micron Technology in a research report on Friday, August 7th. KeyCorp reaffirmed an “overweight” rating on shares of Micron Technology in a research report on Monday, July 20th. The Goldman Sachs Group increased their price target on Micron Technology from $900.00 to $1,100.00 and gave the company a “neutral” rating in a report on Thursday, June 25th. Finally, Raymond James Financial lifted their price objective on Micron Technology from $1,100.00 to $1,500.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th.

Insider Buying and Selling

In related news, CEO Sanjay Mehrotra sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the completion of the sale, the chief executive officer directly owned 264,503 shares in the company, valued at approximately $256,276,956.70. The trade was a 13.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Sumit Sadana sold 15,000 shares of the company’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total value of $14,014,350.00. Following the completion of the sale, the executive vice president owned 191,021 shares of the company’s stock, valued at $178,469,010.09. This trade represents a 7.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 177,204 shares of company stock valued at $182,156,264 in the last 90 days. 0.24% of the stock is owned by insiders.

Institutional Trading of Micron Technology

Several institutional investors and hedge funds have recently modified their holdings of the company. Andar Capital Management HK Ltd boosted its stake in shares of Micron Technology by 856,960.3% in the second quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer’s stock worth $39,571,847,000 after acquiring an additional 34,278,413 shares during the period. Norges Bank bought a new stake in shares of Micron Technology during the fourth quarter valued at approximately $6,433,456,000. Primecap Management Co. CA bought a new position in shares of Micron Technology during the second quarter worth $22,182,263,000. Bank of America Corp DE grew its stake in Micron Technology by 26.6% during the second quarter. Bank of America Corp DE now owns 10,174,757 shares of the semiconductor manufacturer’s stock valued at $11,744,621,000 after acquiring an additional 2,136,470 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Micron Technology by 1.6% during the fourth quarter. Invesco Ltd. now owns 9,777,239 shares of the semiconductor manufacturer’s stock valued at $2,790,522,000 after acquiring an additional 155,073 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors.

Key Stories Impacting Micron Technology

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

• Positive Sentiment: RBC sees substantial valuation upside. Royal Bank of Canada reaffirmed its “Outperform” rating and assigned a $1,500 price target, arguing that Micron’s exposure to AI-driven memory demand, strategic customer agreements, and floor-pricing arrangements is not fully reflected in its valuation. RBC sees AI memory demand supporting Micron valuation
• Positive Sentiment: Memory scarcity could persist through 2027. Intel CEO Lip-Bu Tan reportedly indicated that memory prices have risen five- to sevenfold and that shortages may continue into next year. The backdrop supports Micron’s pricing power and margins, particularly in high-bandwidth memory used in AI servers. Micron and memory scarcity
• Positive Sentiment: Analysts and commentators remain bullish on AI infrastructure. Jim Cramer ranked Micron second on his technology-stock list, while other coverage highlighted Micron’s position as a major HBM supplier and NVIDIA’s increasing memory requirements. The company’s new 512GB DDR5 server module also strengthens its long-term data-center opportunity. Micron 512GB memory module
• Neutral Sentiment: Earnings are the next major catalyst. Micron has a history of exceeding estimates, and investors expect another strong report on September 30. However, the stock’s large prior gains raise expectations, making guidance on memory pricing, HBM supply, capital spending, and potential buybacks especially important.
• Negative Sentiment: Competitive and execution risks remain. Chinese memory maker CXMT is expanding its NAND capabilities, potentially increasing long-term competition. Separately, workers at Micron’s Taiwan operation have threatened labor action over compensation, creating a possible operational risk. Concerns about slowing price growth, elevated valuation, and the cyclical nature of memory demand could also limit further gains. Micron Taiwan labor tensions

Micron Technology Stock Performance

Micron Technology stock opened at $1,015.80 on Friday. Micron Technology has a twelve month low of $154.65 and a twelve month high of $1,255.00. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $1.15 trillion, a P/E ratio of 23.00, a PEG ratio of 0.64 and a beta of 2.22. The stock’s 50 day moving average is $928.01 and its 200 day moving average is $776.17.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, beating the consensus estimate of $21.39 by $3.72. The firm 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 71.13% and a net margin of 55.91%.The company’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 predict that Micron Technology will post 72.98 earnings per share for the current fiscal year.

Micron Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Monday, July 6th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Monday, July 6th. Micron Technology’s dividend payout ratio is 1.36%.

Micron Technology Company Profile

Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.

Micron’s products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.