Micron Technology (NASDAQ:MU) Stock Price Expected to Rise, Cantor Fitzgerald Analyst Says

Micron Technology (NASDAQ:MU) had its target price upped by equities research analysts at Cantor Fitzgerald from $700.00 to $1,500.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the semiconductor manufacturer’s stock. Cantor Fitzgerald’s target price suggests a potential upside of 60.81% from the company’s previous close.

A number of other research analysts have also recently commented on the company. Sanford C. Bernstein increased their target price on Micron Technology from $330.00 to $510.00 and gave the company an “outperform” rating in a research note on Wednesday, March 18th. Deutsche Bank Aktiengesellschaft increased their price objective on Micron Technology from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. Mizuho raised their price objective on Micron Technology to $800.00 and gave the company an “outperform” rating in a report on Tuesday, May 19th. TD Cowen boosted their target price on Micron Technology from $550.00 to $660.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Finally, Susquehanna upped their target price on Micron Technology from $600.00 to $1,750.00 and gave the stock a “positive” rating in a research note on Friday, May 29th. Five investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $668.63.

Micron Technology Price Performance

Micron Technology stock traded up $68.74 during mid-day trading on Monday, hitting $932.75. 16,029,819 shares of the company traded hands, compared to its average volume of 43,577,555. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90. Micron Technology has a one year low of $103.38 and a one year high of $1,089.29. The stock has a market cap of $1.05 trillion, a price-to-earnings ratio of 43.64 and a beta of 2.15. The stock has a fifty day moving average price of $617.28 and a 200-day moving average price of $439.38.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 EPS for the quarter, topping analysts’ consensus estimates of $9.19 by $3.01. Micron Technology had a net margin of 41.49% and a return on equity of 41.16%. The firm had revenue of $23.86 billion for the quarter, compared to analyst estimates of $19.97 billion. During the same quarter in the prior year, the firm earned $1.56 EPS. The business’s revenue for the quarter was up 196 compared to the same quarter last year. On average, equities analysts predict that Micron Technology will post 58.79 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Micron Technology news, EVP April S. Arnzen sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $347.39, for a total value of $13,895,600.00. Following the completion of the sale, the executive vice president owned 125,737 shares in the company, valued at approximately $43,679,776.43. The trade was a 24.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sanjay Mehrotra sold 37,439 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $960.38, for a total value of $35,955,666.82. Following the sale, the chief executive officer directly owned 387,064 shares of the company’s stock, valued at approximately $371,728,524.32. This trade represents a 8.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 146,000 shares of company stock valued at $85,486,715. 0.24% of the stock is owned by insiders.

Institutional Investors Weigh In On Micron Technology

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. REAP Financial Group LLC purchased a new position in shares of Micron Technology in the third quarter valued at about $25,000. High Note Wealth LLC boosted its holdings in shares of Micron Technology by 65.4% during the fourth quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 34 shares during the period. Elevation Wealth Partners LLC grew its stake in shares of Micron Technology by 295.8% in the fourth 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 bought a new stake in shares of Micron Technology in the first quarter worth about $27,000. Finally, Steigerwald Gordon & Koch Inc. increased its holdings in Micron Technology by 4,800.0% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock valued at $28,000 after purchasing an additional 96 shares during the period. 80.84% of the stock is currently owned by institutional investors.

More Micron Technology News

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

• Positive Sentiment: Wells Fargo raised its price target on Micron to $1,220 from $550 and kept a Buy rating, reinforcing the view that the stock still has meaningful upside after its huge run. Wells Fargo sets Micron stock price target
• Positive Sentiment: Micron is rebounding in premarket trading after Friday’s steep decline, helped by continued optimism over AI-related memory demand and reports that rival SK Hynix’s new Nvidia deal is supportive for the broader memory-chip group. Why Micron Stock Is Rising After Rival SK Hynix’s Fresh Deal with Nvidia
• Positive Sentiment: NVIDIA CEO Jensen Huang’s comments that the memory shortage could last for several years added to the bullish case that demand for Micron’s products remains strong. NVIDIA CEO Has Good News for Micron and SanDisk Investors: “The Memory Shortage to Continue for Several Years”
• Neutral Sentiment: Some commentary says the stock’s huge year-to-date advance and recent volatility may lead to profit-taking or a pullback, but long-term investors continue to see a powerful AI-driven growth story. Why Micron Technology Stock Skyrocketed 87.8% Last Month But Is Falling in June
• Neutral Sentiment: Articles warning about a possible AI-demand slowdown and semiconductor cyclicality are creating some caution, but they have not yet changed the broader bullish narrative around Micron. Is Micron Quietly Preparing for the Collapse in AI Demand?
• Negative Sentiment: Last week’s chip-sector selloff showed how quickly sentiment can reverse, and traders are still watching for risk if AI spending expectations cool or if the stock’s valuation becomes harder to justify. Over $1T wiped out as chip selloff impacts Nvidia, Broadcom, Micron

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.