Needham Reiterates Buy Rating on Micron Technology
Needham maintains a buy rating on Micron Technology with a $1,650 price target, a 45.72% upside from the current price.
Key Points
- Needham reiterated its buy rating on Micron Technology, setting a price target of $1,650 on June 25, 2026.
- Needham's $1,650 price target implies 45.72% upside from Micron Technology, Inc.'s ($MU) current $1,132.33 share price.
- Micron Technology's shares traded near $1,048.51 on Thursday with a market cap of approximately $1.37 trillion.
- Institutional activity includes BlackRock increasing its stake by 2.4% and Vanguard opening a new position.
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Needham has reaffirmed its buy rating on Micron Technology, Inc. (NasdaqGS: MU) with a price target of $1,650. The announcement was made on June 25, 2026, as analyst N. Quinn Bolton expressed confidence in the semiconductor giant's future performance.
Needham vs. the S&P 500
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Other Institutional Activity in Micron Technology
Several major institutional investors have adjusted their positions in Micron Technology. BlackRock, Inc. grew its holdings by 2,446,043 shares, ending with 103,147,586 shares valued at about $34.85 billion. Vanguard Capital Management LLC opened a new position with 73,137,283 shares worth approximately $24.71 billion. State Street Corp trimmed its stake by 510,334 shares to 52,239,483 shares, valued at roughly $17.66 billion. Capital World Investors reduced its holdings by 16,194,733 shares, bringing its total to 42,054,392 shares valued at about $14.21 billion. FMR LLC also decreased its position by 7,541,773 shares, now holding 32,054,565 shares worth around $10.83 billion.
Micron Technology, Inc. Stock Up 21.4%
Shares of Micron Technology traded near $1,048.51 on Thursday. The company has a market cap of approximately $1.37 trillion, with a P/E ratio of 57.1 and a forward P/E of 10.0. Its beta is 2.173, indicating higher volatility compared to the market. The stock's 52-week range is between $103.38 and $1,213.56, with a 50-day moving average of $732.80 and a 200-day moving average of $400.75. Micron also maintains a strong financial position 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 revenues of $58.12 billion, showing a growth of 1.96%. The company achieved a net margin of 41.49% and a return on equity of 39.82%. Its next earnings report is scheduled for June 24, 2026.
Dividend
Micron Technology pays an annual dividend rate of $0.60, yielding 0.05%. The dividend payout ratio is a modest 2.17%.
Insider Buying and Selling at Micron Technology, Inc.
Recent insider activity includes President and CEO Sanjay Mehrotra selling 40,000 shares at an average price of $961.35 on May 29, 2026, under a Rule 10b5-1 plan. Additionally, Steven Gomo sold 2,000 shares at $787.04 on May 11, 2026, and Scott Allen, Chief Accounting Officer, sold 912 shares at $465.66 on April 15, 2026.
Analysts Set New Price Targets
On June 25, 2026, Needham reaffirmed its buy rating on Micron Technology with a $1,650 price target. B of A Securities maintained a buy rating with a $1,500 target on June 23, 2026. Other recent ratings include Rosenblatt, Stifel, and Wedbush, each maintaining a buy rating with targets of $1,200, $1,500, and $1,300, respectively.
About Micron Technology
Micron Technology, Inc., headquartered in Boise, Idaho, is a leading provider of memory and storage solutions. The company designs and manufactures products used in various sectors, including data centers, mobile devices, and automotive industries. With a workforce of around 53,000 employees, Micron operates through multiple business units and markets its products under the Micron and Crucial brands.
Bottom Line
Needham's reaffirmation of its buy rating on Micron Technology reflects continued confidence in the company's performance. Investors closely watch such analyst ratings as they can impact market sentiment. It's important to note that these ratings are based on past performance and expectations, and actual future results may vary.
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