Micron Technology (NASDAQ:MU) Receives “Outperform” Rating from Royal Bank Of Canada

Micron Technology (NASDAQ:MU)‘s stock had its “outperform” rating reiterated by research analysts at Royal Bank Of Canada in a research note issued on Friday, Benzinga reports. They currently have a $1,500.00 price objective on the semiconductor manufacturer’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 51.05% from the stock’s current price.

Several other equities analysts have also commented on the stock. Needham & Company LLC upped their price objective on shares of Micron Technology from $1,550.00 to $1,650.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. TD Cowen reaffirmed a “buy” rating on shares of Micron Technology in a research report on Wednesday. Rosenblatt Securities lifted their target price on shares of Micron Technology from $1,200.00 to $1,500.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Seaport Research Partners reissued a “buy” rating on shares of Micron Technology in a research report on Friday, August 14th. Finally, Erste Group Bank upgraded Micron Technology from a “hold” rating to a “buy” rating in a research note on Thursday, June 25th. Four analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $1,295.63.

Micron Technology Stock Up 1.6%

Shares of NASDAQ:MU opened at $993.04 on Friday. The company has a market capitalization of $1.12 trillion, a price-to-earnings ratio of 22.45, a PEG ratio of 0.59 and a beta of 2.22. Micron Technology has a 12-month low of $154.65 and a 12-month high of $1,255.00. The business has a 50-day moving average price of $927.28 and a 200 day moving average price of $771.93. The company has a current ratio of 3.42, a quick ratio of 2.98 and a debt-to-equity ratio of 0.05.

Micron Technology (NASDAQ:MU) last posted its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, beating analysts’ consensus estimates of $21.39 by $3.72. The company had revenue of $41.46 billion for the quarter, compared to analysts’ expectations of $35.91 billion. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. Micron Technology’s revenue for the quarter was up 345.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Sell-side analysts expect that Micron Technology will post 72.93 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Sumit Sadana sold 15,000 shares of Micron Technology 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 completion of the transaction, the executive vice president directly owned 191,021 shares in the company, valued at approximately $178,469,010.09. This trade represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Scott R. Allen sold 879 shares of the business’s stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total value of $879,000.00. Following the transaction, the chief accounting officer directly owned 34,958 shares of the company’s stock, valued at $34,958,000. The trade was a 2.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 177,204 shares of company stock valued at $182,156,264. Corporate insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Micron Technology

Large investors have recently bought and sold shares of the stock. Wellington Altus USA Inc. grew its holdings in Micron Technology by 497.7% during the 2nd quarter. Wellington Altus USA Inc. now owns 2,116 shares of the semiconductor manufacturer’s stock worth $2,442,000 after acquiring an additional 1,762 shares in the last quarter. IKE Capital LLC acquired a new stake in shares of Micron Technology in the 2nd quarter valued at $629,000. Anchor Investment Management LLC raised its holdings in shares of Micron Technology by 2.0% in the 2nd quarter. Anchor Investment Management LLC now owns 12,303 shares of the semiconductor manufacturer’s stock valued at $14,201,000 after purchasing an additional 243 shares in the last quarter. Reynders McVeigh Capital Management LLC purchased a new stake in shares of Micron Technology during the 2nd quarter worth $439,000. Finally, Bullseye Investment Management LLC purchased a new stake in shares of Micron Technology during the 2nd quarter worth $27,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Micron Technology News Summary

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

• Positive Sentiment: Intel CEO Lip-Bu Tan warned that the memory shortage could worsen next year, reinforcing expectations for sustained DRAM and high-bandwidth memory pricing and supporting Micron’s earnings outlook. Why Was Micron Technology Stock Up Today?
• Positive Sentiment: Micron opened a $2.75 billion semiconductor assembly and test facility in India, with production expected to scale next year. The investment expands manufacturing capacity and positions the company to benefit from long-term AI and data-center demand. Micron CEO sees India facility scaling
• Positive Sentiment: The company introduced a 512GB DDR5 server module validated by AMD and Intel. Its higher density, speeds of up to 9,200 MT/s and potential power savings of more than 60% strengthen Micron’s position in AI infrastructure, although volume production is not expected until the second half of 2027. Micron’s New 512GB Memory Module
• Positive Sentiment: Micron’s latest reported quarter substantially exceeded expectations, with $25.11 in earnings per share versus a $21.39 consensus and revenue growth of roughly 346% year over year. Investors are also watching whether the September 30 report includes a larger share-repurchase authorization; approximately $2.16 billion remains under the current program. Micron buyback outlook
• Neutral Sentiment: Analyst sentiment remains broadly bullish, with multiple firms maintaining Buy ratings and targets above the current trading range. However, the stock’s substantial prior rally and high beta leave it particularly sensitive to earnings expectations, interest rates and valuation changes.
• Negative Sentiment: Investors face growing risks from slowing DRAM and NAND price increases, potential inventory and end-demand pressure, and stronger capital returns from Samsung and SK Hynix. China’s CXMT is also planning NAND expansion, which could increase long-term competitive pressure. Micron: Records Are Not Enough Anymore
• Negative Sentiment: Workers at Micron’s major Taiwan production base have threatened a strike after rejecting the company’s bonus offer, creating a potential operational and labor-cost risk. Executive share sales under prearranged plans may also weigh on sentiment, though they do not necessarily indicate a change in business fundamentals. Micron Taiwan strike threat

Micron Technology Company Profile

Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.

Micron’s products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.