Brokerages Set Micron Technology, Inc. (NASDAQ:MU) PT at $495.63

Micron Technology, Inc. (NASDAQ:MU) has received an average recommendation of “Buy” from the thirty-nine ratings firms that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation, thirty have assigned a buy recommendation and five have given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $518.4667.

MU has been the topic of a number of research analyst reports. Royal Bank Of Canada upped their price target on Micron Technology from $425.00 to $525.00 and gave the company an “outperform” rating in a report on Monday, March 16th. Weiss Ratings restated a “buy (b)” rating on shares of Micron Technology in a research note on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Micron Technology from $500.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, March 19th. Sanford C. Bernstein boosted their price objective on shares of Micron Technology from $330.00 to $510.00 and gave the company an “outperform” rating in a report on Wednesday, March 18th. Finally, Bank of America increased their price objective on shares of Micron Technology from $400.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, March 19th.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Micron is benefiting from tightening memory supply after Samsung labor negotiations broke down, which could support higher chip prices and margins. Micron Stock Is on a Tear. Chip Shortage Threat Looms as Samsung Strike Talks Break Down.
• Positive Sentiment: Analysts turned more bullish, with Melius reportedly lifting its Micron price target to $1,100 after the stock pulled back. Melius raises Micron stock target to $1,100 after MU drops 6%
• Positive Sentiment: Micron’s AI memory strategy is drawing attention as it samples higher-capacity DDR5 server modules for AI data centers, supporting the long-term growth narrative. Is Micron (MU) Quietly Redefining Its AI Data Center Edge With Ultra‑Dense DDR5 Memory?
• Positive Sentiment: Broader market coverage continues to frame Micron as a leading beneficiary of the AI memory supercycle, with investors rotating into memory stocks. The Great AI Rotation: Cashing In on Data (MU)
• Neutral Sentiment: Several commentary pieces highlighted Micron’s recent pullback and debated whether the stock should be bought now or on a deeper dip, reflecting ongoing volatility rather than a clear fundamental change. Down 14%, Should You Buy the Dip in Micron Stock?
• Negative Sentiment: Some analysts warned that the easy money in the current cycle may be behind Micron, suggesting expectations are high and the stock could be more vulnerable if memory pricing cools. Micron: The Easy Money In This Cycle Is Behind Us

Insider Transactions at Micron Technology

In other news, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $536.26, for a total transaction of $21,450,400.00. Following the completion of the sale, the chief executive officer owned 424,503 shares of the company’s stock, valued at $227,643,978.78. This represents a 8.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP April S. Arnzen sold 40,000 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $347.39, for a total transaction of $13,895,600.00. Following the completion of the transaction, the executive vice president owned 125,737 shares in the company, valued at $43,679,776.43. This trade represents a 24.13% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 106,000 shares of company stock worth $47,032,460 in the last three months. 0.24% of the stock is owned by insiders.

Institutional Trading of Micron Technology

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of Micron Technology in the 4th quarter worth $6,433,456,000. AQR Capital Management LLC lifted its position in shares of Micron Technology by 411.9% during the 3rd quarter. AQR Capital Management LLC now owns 3,627,022 shares of the semiconductor manufacturer’s stock valued at $606,873,000 after buying an additional 2,918,535 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Micron Technology by 1,340.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,820,986 shares of the semiconductor manufacturer’s stock worth $805,148,000 after acquiring an additional 2,625,169 shares in the last quarter. Amundi raised its stake in Micron Technology by 65.0% during the 4th quarter. Amundi now owns 4,989,400 shares of the semiconductor manufacturer’s stock worth $1,424,025,000 after acquiring an additional 1,965,319 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Micron Technology by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer’s stock valued at $30,427,016,000 after purchasing an additional 1,954,644 shares in the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Micron Technology Stock Performance

MU stock opened at $731.99 on Friday. The stock has a market capitalization of $825.49 billion, a PE ratio of 34.56 and a beta of 1.91. The stock’s 50 day simple moving average is $498.20 and its 200 day simple moving average is $381.87. Micron Technology has a 12-month low of $90.93 and a 12-month high of $818.67. 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 Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Monday, March 30th were paid a $0.15 dividend. This is an increase from Micron Technology’s previous quarterly dividend of $0.12. The ex-dividend date was Monday, March 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. Micron Technology’s dividend payout ratio (DPR) is 2.83%.

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.