Micron Technology (NASDAQ:MU) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

Micron Technology (NASDAQ:MU) had its target price raised by investment analysts at Deutsche Bank Aktiengesellschaft from $200.00 to $280.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the semiconductor manufacturer’s stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 10.99% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. Rosenblatt Securities increased their price target on Micron Technology from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, November 17th. Wall Street Zen upgraded Micron Technology from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 23rd. Wolfe Research raised their target price on shares of Micron Technology from $200.00 to $300.00 and gave the company an “outperform” rating in a research note on Tuesday, December 2nd. Citigroup boosted their target price on shares of Micron Technology from $240.00 to $275.00 and gave the stock a “buy” rating in a report on Monday, October 27th. Finally, The Goldman Sachs Group raised their price objective on Micron Technology from $180.00 to $205.00 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $231.41.

Micron Technology Stock Up 2.2%

MU traded up $5.35 during trading hours on Tuesday, hitting $252.27. 10,613,001 shares of the company’s stock were exchanged, compared to its average volume of 23,536,580. The stock has a market cap of $283.58 billion, a price-to-earnings ratio of 33.33, a PEG ratio of 0.50 and a beta of 1.54. Micron Technology has a 1-year low of $61.54 and a 1-year high of $260.58. The stock’s 50-day moving average is $217.21 and its two-hundred day moving average is $155.94. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 EPS for the quarter, topping the consensus estimate of $2.86 by $0.17. The firm had revenue of $11.32 billion for the quarter, compared to analysts’ expectations of $11.05 billion. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The company’s revenue for the quarter was up 46.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Sell-side analysts predict that Micron Technology will post 6.08 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Sanjay Mehrotra sold 3,743 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $233.39, for a total value of $873,578.77. Following the sale, the chief executive officer directly owned 396,578 shares in the company, valued at approximately $92,557,339.42. This trade represents a 0.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Scott J. Deboer sold 82,000 shares of Micron Technology stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $222.81, for a total transaction of $18,270,420.00. Following the sale, the executive vice president directly owned 154,145 shares in the company, valued at $34,345,047.45. This trade represents a 34.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 399,852 shares of company stock worth $84,048,737. Insiders own 0.24% of the company’s stock.

Institutional Trading of Micron Technology

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Micron Technology by 0.7% during the third quarter. Vanguard Group Inc. now owns 104,653,450 shares of the semiconductor manufacturer’s stock valued at $17,510,615,000 after purchasing an additional 773,788 shares in the last quarter. State Street Corp grew its holdings in Micron Technology by 0.6% during the 3rd quarter. State Street Corp now owns 51,659,173 shares of the semiconductor manufacturer’s stock worth $8,643,613,000 after acquiring an additional 285,582 shares during the period. Geode Capital Management LLC lifted its stake in Micron Technology by 1.2% in the second quarter. Geode Capital Management LLC now owns 25,690,491 shares of the semiconductor manufacturer’s stock valued at $3,152,974,000 after buying an additional 314,489 shares during the period. Capital International Investors lifted its position in shares of Micron Technology by 0.7% during the 3rd quarter. Capital International Investors now owns 23,372,821 shares of the semiconductor manufacturer’s stock valued at $3,910,198,000 after acquiring an additional 155,860 shares during the period. Finally, Norges Bank acquired a new stake in shares of Micron Technology in the 2nd quarter valued at about $1,980,700,000. Institutional investors own 80.84% of the company’s stock.

About Micron Technology

Micron Technology, Inc designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides memory and storage technologies comprising dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; non-volatile and re-writeable semiconductor storage devices; and non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels.