Fintel reports that on March 26, 2025, China Renaissance downgraded their outlook for Micron Technology (BIT:1MU) from Buy to Hold.
Analyst Price Forecast Suggests 31.05% Upside
As of March 19, 2025, the average one-year price target for Micron Technology is €117.50/share. The forecasts range from a low of €64.14 to a high of €238.14. The average price target represents an increase of 31.05% from its latest reported closing price of €89.66 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Micron Technology is 31,608MM, an increase of 0.91%. The projected annual non-GAAP EPS is 5.76.
What is the Fund Sentiment?
There are 2,815 funds or institutions reporting positions in Micron Technology. This is an decrease of 23 owner(s) or 0.81% in the last quarter. Average portfolio weight of all funds dedicated to 1MU is 0.39%, an increase of 26.12%. Total shares owned by institutions increased in the last three months by 8.38% to 1,030,489K shares.
What are Other Shareholders Doing?
Capital World Investors holds 41,096K shares representing 3.68% ownership of the company. In its prior filing, the firm reported owning 25,103K shares , representing an increase of 38.92%. The firm increased its portfolio allocation in 1MU by 30.09% over the last quarter.
Primecap Management holds 37,596K shares representing 3.36% ownership of the company. In its prior filing, the firm reported owning 37,632K shares , representing a decrease of 0.09%. The firm decreased its portfolio allocation in 1MU by 14.60% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 34,795K shares representing 3.11% ownership of the company. In its prior filing, the firm reported owning 35,174K shares , representing a decrease of 1.09%. The firm decreased its portfolio allocation in 1MU by 20.89% over the last quarter.
Jpmorgan Chase holds 31,646K shares representing 2.83% ownership of the company. In its prior filing, the firm reported owning 34,004K shares , representing a decrease of 7.45%. The firm decreased its portfolio allocation in 1MU by 25.99% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 30,013K shares representing 2.69% ownership of the company. In its prior filing, the firm reported owning 29,041K shares , representing an increase of 3.24%. The firm decreased its portfolio allocation in 1MU by 20.66% over the last quarter.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
