TD Cowen Reaffirms Buy Rating for Micron Technology (NASDAQ:MU)

Micron Technology (NASDAQ:MU)‘s stock had its “buy” rating reissued by equities research analysts at TD Cowen in a report issued on Thursday, Benzinga reports. They currently have a $1,600.00 price target on the semiconductor manufacturer’s stock. TD Cowen’s price objective would suggest a potential upside of 48.88% from the company’s current price.

Other equities research analysts have also issued research reports about the company. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $2,000.00 price objective on shares of Micron Technology in a report on Thursday. Daiwa Securities Group upped their price objective on Micron Technology from $1,600.00 to $1,700.00 and gave the stock a “buy” rating in a report on Friday, July 17th. President Capital boosted their target price on shares of Micron Technology to $1,500.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. The Goldman Sachs Group set a $1,250.00 price target on shares of Micron Technology in a research note on Thursday. Finally, DA Davidson boosted their price objective on shares of Micron Technology from $2,000.00 to $2,100.00 and gave the stock a “buy” rating in a report on Thursday. Forty-one research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Micron Technology has a consensus rating of “Moderate Buy” and a consensus target price of $1,385.93.

Micron Technology Stock Performance

Micron Technology stock traded down $22.70 during midday trading on Thursday, hitting $1,074.69. 23,429,466 shares of the company’s stock were exchanged, compared to its average volume of 41,860,535. The stock has a market cap of $1.21 trillion, a price-to-earnings ratio of 14.48, a price-to-earnings-growth ratio of 0.66 and a beta of 2.22. Micron Technology has a 12-month low of $179.61 and a 12-month high of $1,255.00. The firm’s 50 day simple moving average is $954.89 and its 200 day simple moving average is $818.89. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.98 and a current ratio of 3.42.

Micron Technology (NASDAQ:MU) last released its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $31.77 by $1.65. Micron Technology had a return on equity of 110.90% and a net margin of 63.80%.The business had revenue of $54.23 billion for the quarter, compared to analyst estimates of $51.33 billion. During the same quarter in the previous year, the company posted $3.03 earnings per share. The company’s revenue for the quarter was up 379.1% compared to the same quarter last year. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Equities research analysts predict that Micron Technology will post 160.39 EPS for the current year.

Insiders Place Their Bets

In related news, CAO Scott R. Allen sold 879 shares of the company’s stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the transaction, the chief accounting officer owned 34,958 shares of the company’s stock, valued at approximately $34,958,000. This represents a 2.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Sumit Sadana sold 15,000 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total value of $14,014,350.00. Following the transaction, the executive vice president directly owned 191,021 shares in the company, valued at approximately $178,469,010.09. This represents a 7.28% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 95,879 shares of company stock valued at $90,939,466. Corporate insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Micron Technology

Several hedge funds have recently modified their holdings of MU. Andar Capital Management HK Ltd raised its stake in Micron Technology by 856,960.3% during the second quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer’s stock worth $39,571,847,000 after purchasing an additional 34,278,413 shares during the period. Primecap Management Co. CA purchased a new stake in shares of Micron Technology in the second quarter worth about $22,182,263,000. Legal & General Group Plc acquired a new stake in Micron Technology in the second quarter valued at approximately $8,402,393,000. Situational Awareness LP grew its holdings in Micron Technology by 1,149.0% during the 2nd quarter. Situational Awareness LP now owns 4,828,786 shares of the semiconductor manufacturer’s stock valued at $5,573,819,000 after purchasing an additional 5,289,124 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Micron Technology during the second quarter valued at about $3,761,237,000. 80.84% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Micron Technology

Here are the key news stories impacting Micron Technology this week:

• Positive Sentiment: Micron reported fiscal Q4 revenue of $54.23 billion, up 379% year over year, and adjusted EPS of $33.42, beating consensus estimates. AI-related demand for high-bandwidth memory (HBM), DRAM and NAND drove record profitability, including an approximately 87% adjusted gross margin. Micron beats on revenue and earnings as global memory shortage continues
• Positive Sentiment: Management’s fiscal Q1 2027 outlook exceeded Wall Street expectations, with revenue guidance of $60 billion to $63 billion and EPS guidance of $37.15 to $39.15. The company also said more than 75% of its 2027 output is committed, while customer discussions are extending into 2028. Micron forecasts quarterly revenue above estimates
• Positive Sentiment: Analysts raised price targets, including DA Davidson’s increase to $2,100, citing tighter-than-expected memory supply and sustained AI infrastructure demand. Micron’s strategic customer agreements and planned increase in share buybacks could provide additional support. Micron’s Highest Price Target on Wall Street Is Now $2,100

About Micron Technology

Micron Technology, Inc is a semiconductor company that develops and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, three-dimensional XPoint-related technologies, solid-state drives, and high-bandwidth memory products designed for demanding computing applications.

The company serves customers across the data center, artificial intelligence, networking, automotive, industrial, mobile, consumer electronics, and embedded markets.