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Wells Fargo has maintained an Overweight rating on Micron Technology with a price target of $130, following a TrendForce report indicating price increases due to rising demand and tighter market conditions. Micron's stock is currently trading below its Fair Value, with analysts projecting price targets between $75 and $200, highlighting significant upside potential. The company reported a revenue growth of over 50% in the February quarter, driven by its High Bandwidth Memory products, and anticipates a gross margin of 36.5% for the upcoming quarter, reflecting strong demand in the Data Center sector.
Goldman Sachs has downgraded Super Micro Computer (SMCI) to "sell," citing risks in the AI server market, increased competition, and low profit margins, with a new price target of $32. Meanwhile, AI startup Fyxer raised $10 million, and major tech firms like Tesla and AMD saw significant stock gains. Apple faces a 21% drop in iPhone shipments in China, while Microsoft and Salesforce are noted for their resilience amid potential software spending slowdowns.
Amadeus Fire's cautious outlook impacted cyclically sensitive stocks, with Givaudan, Sika, and Holcim among the notable decliners. The US stock market saw declines, particularly in Nike and FedEx, amid economic concerns and a major futures expiry day. Oil prices remained stable, with Brent slightly down and WTI up, as geopolitical tensions continue to influence the market.
Micron Technology, Inc. has seen significant activity from institutional investors, with 80.84% of its stock owned by hedge funds. The company recently reported a quarterly earnings per share of $1.56, exceeding expectations, and announced a dividend of $0.115 per share. Analysts maintain a "Moderate Buy" rating, with a consensus price target of $132.63.
Micron Technology, Inc. has seen significant activity from institutional investors, with 80.84% of its stock owned by them. Recent changes include Fairtree Asset Management acquiring a new stake worth $554,000, while Wealth Enhancement Advisory Services increased its holdings by 10.2%. Analysts have adjusted price targets, with Citigroup lowering its target from $150 to $120, and the stock currently holds a "Moderate Buy" rating with a consensus target price of $132.63.
TELUS has recently faced downgrades from several analysts, with Bank of America lowering its rating from buy to neutral and setting a price target of C$22.00. The stock currently holds a consensus rating of "Hold" among analysts, with a market capitalization of C$30.10 billion and a PE ratio of 32.43. Despite insider buying activity, the stock has seen a decline, opening at C$19.99, down 4.7%.
Micron Technology shares dropped 8% after the company forecasted a lower-than-expected adjusted gross margin of 36.5% for Q3, below analysts' estimates. This decline was attributed to oversupply and falling prices in consumer memory chips, despite strong demand for AI-related semiconductors, particularly high-bandwidth memory for GPU manufacturers like Nvidia. Year-to-date, Micron shares are still up over 13%, reflecting investor optimism about market recovery and the company's position in the AI supply chain.
Fairtree Asset Management acquired a new position in Micron Technology valued at approximately $554,000, while Wealth Enhancement Advisory Services LLC increased its stake by 10.2%, owning 350,612 shares worth $29.5 million. Other firms, including NorthCrest Asset Management and Centaurus Financial, also boosted their holdings, contributing to institutional investors owning 80.84% of the stock. Analysts maintain a "Moderate Buy" rating, with Citigroup lowering its price target to $120, suggesting a potential upside of 26.42%.
Fairtree Asset Management acquired a $554,000 stake in Micron Technology, while Wealth Enhancement Advisory Services increased its holdings by 10.2%, now owning 350,612 shares valued at $29.5 million. Other investors, including PKO Investment Management and Centaurus Financial, also expanded their positions, contributing to institutional investors owning 80.84% of the company. Analysts maintain a "Moderate Buy" rating, with Barclays raising its price target to $115, indicating a potential upside of 21.13%.
Micron Technology has seen significant institutional investment changes, with Harmony Asset Management increasing its stake by 75.6% and State Street Corp growing its holdings to over 48 million shares. Analysts have mixed ratings, with a current average price target of $133.92, while shares recently traded at $94.94, down $8.06. The company reported a quarterly EPS of $1.56, exceeding estimates, and a revenue increase of 38.2% year-over-year.
Micron Technology, Inc.
Companies
| Symbol | MU |
| Name | Micron Technology, Inc. |
| Currency | USD |
| Sector | Information Technology |
| IndustryGroup | Semiconductors & Semiconductor Equipment |
| Industry | Semiconductors & Semiconductor Equipment |
| Market | NASDAQ Global Select |
| Country | United States |
| State | ID |
| City | Boise |
| Zipcode | 83716-9632 |
| Website | http://www.micron.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
wells fargo maintains overweight rating on micron with price target of 130
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