Micron faces scrutiny: Class action lawsuit possible
New York, Wednesday, 19 March 2025.
Micron Technology is under investigation by Bragar Eagel & Squire, P.C. The probe focuses on potential breaches of fiduciary duty. A prior class action complaint alleged false and misleading statements about Micron’s business, particularly regarding declining demand for NAND products. Investors who held Micron stock long-term are encouraged to contact the firm, as the investigation could lead to a class action lawsuit, impacting investor confidence and potentially affecting stock prices.
Legal scrutiny and investor concerns
The investigation by Bragar Eagel & Squire, P.C., initiated on March 18, 2025, raises concerns about potential breaches of fiduciary duty by Micron’s board of directors [1]. This legal action follows a class action complaint filed on January 9, 2025, which alleged that Micron made false and misleading statements regarding the company’s business and prospects between September 28, 2023, and December 18, 2024 [1]. Specifically, the complaint highlights concerns about the demand for Micron’s NAND products, which allegedly deteriorated significantly [1]. These legal challenges could potentially impact investor confidence and, consequently, Micron’s stock prices in the short term [1].
Micron’s stock performance and market data
Micron’s stock (MTE.ETR) on the Xetra exchange experienced some volatility in March 2025 [3]. On March 12, 2025, the stock price increased by 8.46% with a volume of 11,137 [3]. The price continued to climb, reaching 93.77 € on March 17, 2025, representing a 1.22% increase with a volume of 15,870 [3]. However, the price remained unchanged at 93.77 € on March 18, 2025, with a volume of 8,202 [3]. The last closing price for Micron was $101.72 USD, and the average target price is $129.66 USD, indicating a potential upside of 27.47% [3].
Financial metrics and sales distribution
Micron’s financial metrics indicate a mixed outlook [3]. The price-to-earnings (P/E) ratio is projected to be 16.6x for 2025 and decrease to 10.1x for 2026 [3]. The enterprise value is estimated at 3.35x for 2025 and 2.52x for 2026 [3]. The yield is expected to be 0.46% in 2025 and 0.47% in 2026 [3]. Geographically, Micron’s net sales are primarily concentrated in the United States (52.4%), followed by Taiwan (18.7%) and China (12.1%) [3]. The company’s net sales by market include IT infrastructure (37.9%), phones and mobile devices (25.3%), and storage media (18.3%) [3].