TD Cowen Issues Positive Forecast for Micron Technology (NASDAQ:MU) Stock Price

by · The Cerbat Gem

Micron Technology (NASDAQ:MU – Get Free Report) had its target price lifted by analysts at TD Cowen from $275.00 to $300.00 in a report released on Thursday. The firm presently has a “buy” rating on the semiconductor manufacturer’s stock. TD Cowen’s target price points to a potential upside of 33.03% from the company’s current price.

A number of other research analysts also recently weighed in on MU. Susquehanna raised their target price on shares of Micron Technology from $200.00 to $300.00 and gave the company a “positive” rating in a research report on Monday, December 8th. HSBC began coverage on shares of Micron Technology in a research report on Tuesday, December 9th. They set a “buy” rating and a $330.00 price target on the stock. Wedbush raised their price objective on Micron Technology from $220.00 to $300.00 and gave the company an “outperform” rating in a report on Monday. Citigroup upped their target price on Micron Technology from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Finally, Raymond James Financial increased their price target on Micron Technology from $190.00 to $310.00 and gave the company an “outperform” rating in a research report on Thursday. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $262.79.

View Our Latest Report on MU

Micron Technology Stock Down 3.0%

NASDAQ:MU opened at $225.52 on Thursday. The stock has a 50-day simple moving average of $225.54 and a 200 day simple moving average of $162.83. Micron Technology has a 52-week low of $61.54 and a 52-week high of $264.75. The company has a market cap of $253.51 billion, a PE ratio of 29.71, a PEG ratio of 0.34 and a beta of 1.54. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52.

Micron Technology (NASDAQ:MU – Get Free Report) last released its quarterly earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share for the quarter, topping analysts’ consensus estimates of $3.77 by $1.01. The firm had revenue of $13.64 billion during the quarter, compared to the consensus estimate of $12.62 billion. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The business’s revenue was up 56.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.79 EPS. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. On average, sell-side analysts expect that Micron Technology will post 6.08 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Scott J. Deboer sold 82,000 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $222.81, for a total transaction of $18,270,420.00. Following the transaction, the executive vice president directly owned 154,145 shares of the company’s stock, valued at approximately $34,345,047.45. The trade was a 34.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark J. Murphy sold 126,000 shares of the firm’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 sale, the chief financial officer directly owned 219,693 shares of the company’s stock, valued at $49,499,029.83. This represents a 36.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 383,650 shares of company stock worth $81,602,339 over the last ninety days. 0.24% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Micron Technology

Large investors have recently modified their holdings of the stock. Orleans Capital Management Corp LA bought a new position in Micron Technology in the 2nd quarter valued at about $256,000. Cary Street Partners Financial LLC raised its position in shares of Micron Technology by 25.0% in the 2nd quarter. Cary Street Partners Financial LLC now owns 26,132 shares of the semiconductor manufacturer’s stock valued at $3,221,000 after buying an additional 5,233 shares in the last quarter. Wealthspire Advisors LLC lifted its holdings in shares of 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 period. KLP Kapitalforvaltning AS boosted its position in shares of Micron Technology by 6.2% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 403,105 shares of the semiconductor manufacturer’s stock worth $49,683,000 after acquiring an additional 23,600 shares in the last quarter. Finally, WealthBridge Capital Management LLC acquired a new stake in shares of Micron Technology during the 2nd quarter worth approximately $210,000. 80.84% of the stock is owned by institutional investors.

About Micron Technology

(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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