Stifel Nicolaus Forecasts Strong Price Appreciation for Micron Technology (NASDAQ:MU) Stock

by · The Cerbat Gem

Micron Technology (NASDAQ:MU – Get Free Report) had its price target hoisted by Stifel Nicolaus from $195.00 to $300.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the semiconductor manufacturer’s stock. Stifel Nicolaus’ target price suggests a potential upside of 24.41% from the stock’s current price.

Several other equities research analysts have also recently commented on the stock. Wells Fargo & Company boosted their price target on shares of Micron Technology from $220.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. UBS Group reiterated a “buy” rating and issued a $295.00 target price on shares of Micron Technology in a report on Thursday. JPMorgan Chase & Co. increased their target price on shares of Micron Technology from $185.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, September 24th. Cowen restated a “buy” rating on shares of Micron Technology in a research report on Thursday. Finally, Erste Group Bank initiated coverage on Micron Technology in a research report on Thursday, August 14th. They set a “buy” rating for the company. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $236.59.

Read Our Latest Research Report on MU

Micron Technology Price Performance

MU traded down $17.33 during trading on Friday, reaching $241.13. The stock had a trading volume of 8,593,499 shares, compared to its average volume of 23,469,969. The stock has a 50 day moving average of $222.03 and a two-hundred day moving average of $158.50. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $271.06 billion, a price-to-earnings ratio of 31.81, a price-to-earnings-growth ratio of 0.44 and a beta of 1.54. Micron Technology has a 1-year low of $61.54 and a 1-year high of $264.75.

Micron Technology (NASDAQ:MU – Get Free Report) last posted its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 EPS for the quarter, topping analysts’ consensus estimates of $2.86 by $0.17. The company had revenue of $11.32 billion for the quarter, compared to the consensus estimate of $11.05 billion. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The company’s quarterly revenue was up 46.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, equities analysts anticipate that Micron Technology will post 6.08 EPS for the current fiscal year.

Insider Activity at Micron Technology

In other news, CFO Mark J. Murphy sold 126,000 shares of the company’s stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $225.31, for a total value of $28,389,060.00. Following the transaction, the chief financial officer directly owned 219,693 shares of the company’s stock, valued at approximately $49,499,029.83. This represents a 36.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sanjay Mehrotra sold 3,743 shares of the stock in a transaction on Friday, November 7th. The stock was sold at an average price of $233.39, for a total value of $873,578.77. Following the sale, the chief executive officer owned 396,578 shares of the company’s stock, valued at approximately $92,557,339.42. This represents a 0.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 392,352 shares of company stock worth $82,994,387 in the last quarter. 0.24% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Orleans Capital Management Corp LA bought a new stake in shares of Micron Technology during the second quarter worth $256,000. Cary Street Partners Financial LLC lifted its position in Micron Technology by 25.0% during the 2nd quarter. Cary Street Partners Financial LLC now owns 26,132 shares of the semiconductor manufacturer’s stock worth $3,221,000 after buying an additional 5,233 shares in the last quarter. Wealthspire Advisors LLC grew its holdings in Micron Technology by 27.8% during the 2nd quarter. Wealthspire Advisors LLC now owns 14,754 shares of the semiconductor manufacturer’s stock worth $1,818,000 after acquiring an additional 3,208 shares during the last quarter. KLP Kapitalforvaltning AS increased its position in Micron Technology by 6.2% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 403,105 shares of the semiconductor manufacturer’s stock valued at $49,683,000 after acquiring an additional 23,600 shares in the last quarter. Finally, WealthBridge Capital Management LLC bought a new position in shares of Micron Technology in the second quarter worth about $210,000. 80.84% of the stock is owned by institutional investors and hedge funds.

Micron Technology Company Profile

(Get Free Report)

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.

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