Micron Technology (NASDAQ:MU) Given New $1,400.00 Price Target at Wedbush

Micron Technology (NASDAQ:MU) had its target price boosted by equities researchers at Wedbush from $1,300.00 to $1,400.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the semiconductor manufacturer’s stock. Wedbush’s target price would suggest a potential upside of 15.37% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. Barclays increased their price target on shares of Micron Technology from $450.00 to $675.00 and gave the stock an “overweight” rating in a report on Thursday, March 19th. KeyCorp boosted their target price on Micron Technology from $600.00 to $1,600.00 and gave the stock an “overweight” rating in a research report on Thursday. TD Cowen upped their target price on Micron Technology from $1,500.00 to $1,600.00 and gave the stock a “buy” rating in a research note on Thursday. Citigroup boosted their price target on shares of Micron Technology from $840.00 to $1,200.00 and gave the stock a “buy” rating in a research note on Wednesday, June 17th. Finally, Cantor Fitzgerald raised their price objective on shares of Micron Technology from $700.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Monday, June 8th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $1,177.47.

Micron Technology Stock Performance

Shares of MU stock traded up $165.01 on Thursday, hitting $1,213.52. 49,478,872 shares of the stock were exchanged, compared to its average volume of 45,113,855. The company has a current ratio of 2.90, a quick ratio of 2.32 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $1.37 trillion, a PE ratio of 57.34 and a beta of 2.16. Micron Technology has a one year low of $103.38 and a one year high of $1,255.00. The firm’s 50 day moving average is $788.74 and its two-hundred day moving average is $513.50.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $20.98 by $4.13. Micron Technology had a net margin of 41.49% and a return on equity of 41.16%. The company had revenue of $41.46 billion for the quarter, compared to analyst estimates of $35.91 billion. During the same quarter in the previous year, the firm posted $1.91 earnings per share. The company’s quarterly revenue was up 345.8% compared to the same quarter last year. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Sell-side analysts expect that Micron Technology will post 60.34 earnings per share for the current fiscal year.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, Director Steven J. Gomo sold 2,000 shares of Micron Technology 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 directly owned 17,139 shares of the company’s stock, valued at $13,488,907.17. The trade was a 10.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sanjay Mehrotra sold 40,000 shares of the business’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 transaction, the chief executive officer owned 424,503 shares in the company, valued at $227,643,978.78. The trade was a 8.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 146,000 shares of company stock worth $85,486,715 in the last quarter. 0.24% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Micron Technology

Large investors have recently made changes to their positions in the business. Basecamp Wealth Advisors LLC raised its holdings in shares of Micron Technology by 4.5% during the first quarter. Basecamp Wealth Advisors LLC now owns 3,529 shares of the semiconductor manufacturer’s stock valued at $1,192,000 after acquiring an additional 152 shares in the last quarter. Sapient Capital LLC increased its position in Micron Technology by 420.5% during the 1st quarter. Sapient Capital LLC now owns 52,995 shares of the semiconductor manufacturer’s stock valued at $17,908,000 after purchasing an additional 42,813 shares during the period. Vilga Financial Planning LLC raised its holdings in Micron Technology by 3.5% in the 1st quarter. Vilga Financial Planning LLC now owns 792 shares of the semiconductor manufacturer’s stock worth $268,000 after purchasing an additional 27 shares in the last quarter. Western Wealth Management LLC lifted its position in shares of Micron Technology by 66.0% in the 1st quarter. Western Wealth Management LLC now owns 5,206 shares of the semiconductor manufacturer’s stock worth $1,759,000 after purchasing an additional 2,070 shares during the period. Finally, PVG Asset Management Corp purchased a new stake in shares of Micron Technology in the 1st quarter worth about $983,000. 80.84% of the stock is currently owned by institutional investors.

Micron Technology News Roundup

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

• Positive Sentiment: Micron delivered record Q3 revenue and EPS, crushing estimates and signaling strong operating leverage from AI memory demand.
• Positive Sentiment: Management issued much stronger-than-expected Q4 guidance and said customers are locking in future supply with long-term commitments, improving visibility. Micron Technology, Inc. Reports Record Results for the Third Quarter of Fiscal 2026
• Positive Sentiment: Analysts raised targets and reiterated buy ratings after the report, reflecting confidence that AI-driven memory shortages can support higher earnings for longer.
• Positive Sentiment: The strong quarter reignited the AI and chip rally, lifting peers and improving sentiment across the broader tech sector. Micron and Qualcomm forecasts ignite $400 billion AI chip stock rally
• Neutral Sentiment: Some commentary says the stock’s huge run has already priced in a lot of good news, so it may remain volatile even if the long-term AI story stays intact.
• Negative Sentiment: Several analysts warned that if AI memory demand cools or margins normalize, Micron could face a pullback because expectations are now very high.

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.