Investment analysts at Deutsche Bank Aktiengesellschaft have increased their price target for Micron Technology (NASDAQ: MU) from $200.00 to $280.00. This revision, announced in a report on September 23, suggests a potential upside of approximately 6.18% based on the stock’s previous close. Deutsche Bank currently holds a “buy” rating on the semiconductor manufacturer’s stock.
The upward adjustment aligns with a broader trend among equity research analysts. On November 20, UBS Group raised its price target for Micron Technology from $245.00 to $275.00, maintaining a “buy” rating. Similarly, Summit Insights upgraded the stock to a “strong-buy” rating earlier in September. Bank of America also revised its target price from $140.00 to $180.00, assigning a “neutral” rating on September 24. Additionally, The Goldman Sachs Group increased its target from $180.00 to $205.00 with a “buy” rating, while HSBC initiated coverage with a price objective of $330.00.
As of now, five analysts have rated Micron Technology with a “strong buy,” while twenty-eight have assigned a “buy” rating, and three have issued a “hold” rating. According to data from MarketBeat, the stock currently garners a consensus rating of “buy” and a consensus target price of $232.28.
Strong Quarterly Performance
Micron Technology reported its quarterly earnings on September 23, revealing earnings per share (EPS) of $3.03, surpassing analysts’ consensus estimate of $2.86 by $0.17. The company achieved a net margin of 22.84% and a return on equity of 17.21%, with total revenue for the quarter reaching $11.32 billion, exceeding analyst expectations of $11.05 billion. This marks a significant increase of 46.1% year-over-year, compared to $1.18 EPS from the same period last year. Looking ahead, Micron Technology has projected EPS guidance between $3.600 and $3.900 for Q1 2026, with analysts forecasting an annual EPS of 6.08.
Insider Trading Activity
Recent trading activity among Micron Technology insiders has raised eyebrows. Mark J. Murphy, the Chief Financial Officer, sold 126,000 shares on October 30 at an average price of $225.31, totaling approximately $28.39 million. Following this transaction, Murphy retained 219,693 shares, valued at around $49.5 million, reflecting a 36.45% reduction in his position.
In a separate transaction, Sanjay Mehrotra, the Chief Executive Officer, sold 22,500 shares on October 27 for about $4.97 million. Post-sale, he owns 446,578 shares, which are valued at approximately $98.57 million, indicating a 4.80% decrease in his ownership.
Over the last three months, insiders have sold a total of 392,352 shares, amounting to around $82.99 million. Currently, insiders hold 0.24% of the company’s stock.
Institutional Investors’ Activity
Institutional interest in Micron Technology has seen notable movements recently. American Capital Advisory LLC increased its stake by 20.4% during the third quarter, now holding 272 shares valued at $46,000. Winthrop Capital Management LLC also grew its stake by 4.0%, acquiring an additional 47 shares during the same period.
Other firms such as Main Street Research LLC and Vivaldi Capital Management LP have slightly increased their positions in recent months. Overall, institutional investors now own approximately 80.84% of Micron Technology’s stock.
Micron Technology continues to position itself as a key player in the semiconductor industry, with a strong performance outlook supported by positive analyst ratings and significant institutional backing.
