B of A Securities Reiterates Buy Rating on Micron Technology, Inc.
B of A Securities maintains its buy rating on Micron Technology, setting a price target of $1,500, a 23.60% upside from the current price.
Key Points
- B of A Securities reiterated its buy rating on Micron Technology, Inc. (MU) and set a price target of $1,500 on June 23, 2026.
- B of A Securities's $1,500 price target implies 23.60% upside from Micron Technology, Inc.'s ($MU) current $1,213.56 share price.
- Shares of NasdaqGS:MU traded near $1,211.2 on Tuesday, with a market cap of $1.48 trillion and a forward P/E ratio of 10.03.
- Insider activity includes CEO Sanjay Mehrotra's planned sales and analyst consensus remains strong buy with a high target of $1,750.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
B of A Securities reiterated its buy rating on Micron Technology, Inc. (NasdaqGS: MU) on June 23, 2026. The firm set a price target of $1,500. This move by analyst Vivek Arya suggests continued confidence in Micron's market position.
B of A Securities vs. the S&P 500
Hypothetical, simulated performance of disclosed positions vs. the S&P 500. Not realized profit and not investment advice. Past performance does not indicate future results. Details.
Other Institutional Activity in Micron Technology
Several other major institutional investors have been active in Micron Technology. BlackRock, Inc. increased its holdings by 2,446,043 shares, bringing its total to 103,147,586 shares valued at approximately $34.85 billion, a 2.4% increase. Vanguard Capital Management LLC opened a new position with 73,137,283 shares worth about $24.71 billion. Meanwhile, State Street Corp reduced its holdings by 510,334 shares, now holding 52,239,483 shares valued at $17.66 billion, a 1% decrease. Capital World Investors decreased its stake by 16,194,733 shares, ending with 42,054,392 shares worth $14.21 billion, a 27.8% decrease.
Micron Technology, Inc. Stock Up 30.1%
Shares of Micron Technology traded near $1,211.2 on Tuesday. The company has a market cap of approximately $1.37 trillion and a forward P/E ratio of 10.03, indicating expectations of strong future earnings. With a beta of 2.173, the stock is quite volatile compared to the market. Its 52-week range has seen lows of $103.38 and highs of $1,213.56. The 50-day moving average is $732.80, while the 200-day moving average is $400.75. Micron maintains a solid financial standing with a current ratio of 2.897 and a quick ratio of 2.232.
$MU price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Micron Technology reported revenue of $58.12 billion with a modest growth of 1.96%. The company achieved an EPS of $21.21 and a net margin of 41.49%, reflecting strong profitability. Return on equity was impressive at 39.82%. The company is set to announce its next earnings on June 24, 2026.
Dividend
Micron Technology offers an annual dividend rate of $0.60, yielding 0.05%. The payout ratio is a conservative 2.17%, indicating room for future dividend growth.
Insider Buying and Selling at Micron Technology, Inc.
Recent insider activity at Micron Technology includes President and CEO Sanjay Mehrotra's planned sale of 40,000 shares at an average price of $961.35 on May 29, 2026, and another similar transaction on May 1, 2026. Additionally, SVP and Chief Legal Officer Michael Charles Ray sold 7,601 shares at $534.30 on May 1, 2026, as part of a planned transaction.
Analysts Set New Price Targets
On June 23, 2026, B of A Securities maintained its buy rating on Micron Technology with a $1,500 price target. Other firms, including Needham and Deutsche Bank, also maintained buy ratings with price targets of $1,550 and $1,500, respectively. The analyst consensus remains a strong buy, with an average target price of $945.60 among 40 analysts.
About Micron Technology, Inc.
Micron Technology, Inc., headquartered in Boise, Idaho, is a leader in the semiconductor industry. The company designs and manufactures memory and storage products, serving markets worldwide, including data centers, mobile, automotive, and consumer electronics. With over 53,000 employees, Micron operates through several business units focusing on cloud memory, data center, mobile, and automotive solutions. The company was founded in 1978 and continues to innovate in memory and storage technologies under the leadership of CEO Sanjay Mehrotra.
Bottom Line
B of A Securities' reiteration of a buy rating with a $1,500 target highlights continued confidence in Micron Technology's potential. The company's strong market position and financial health make it a focus for investors. As always, note that analyst ratings are just one piece of the puzzle, and this information reflects opinions as of the reporting date.
Get Micron Technology, Inc. alerts
New 13F filings, insider trades, and analyst moves on $MU, sent to your inbox. Free, and you can unsubscribe anytime.
This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.