Micron Technology (NASDAQ:MU) Given Buy Rating at TD Cowen

Micron Technology (NASDAQ:MU)‘s stock had its “buy” rating reissued by research analysts at TD Cowen in a research note issued on Thursday, Benzinga reports. They presently have a $1,600.00 price target on the semiconductor manufacturer’s stock. TD Cowen’s price target would indicate a potential upside of 48.85% from the stock’s current price.

A number of other research firms have also recently issued reports on MU. Argus dropped their price objective on Micron Technology from $1,500.00 to $540.00 and set a “buy” rating for the company in a report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Micron Technology in a report on Thursday. Royal Bank Of Canada reissued an “outperform” rating and set a $1,500.00 price target on shares of Micron Technology in a research report on Thursday. Erste Group Bank raised Micron Technology from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. Finally, HSBC increased their price target on Micron Technology from $1,100.00 to $1,700.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Forty-one investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,385.93.

Micron Technology Trading Down 2.1%

Shares of NASDAQ MU traded down $22.50 during trading hours on Thursday, hitting $1,074.89. 27,169,271 shares of the company traded hands, compared to its average volume of 41,884,055. The stock has a market capitalization 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. The company has a current ratio of 3.42, a quick ratio of 2.98 and a debt-to-equity ratio of 0.05. The company’s 50 day moving average price is $954.89 and its 200 day moving average price is $818.89. Micron Technology has a 12 month low of $179.61 and a 12 month high of $1,255.00.

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

Insider Activity

In related news, EVP Sumit Sadana sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the sale, the executive vice president directly owned 191,021 shares of the company’s stock, valued at $178,469,010.09. This trade represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Scott R. Allen sold 879 shares of the firm’s stock in a transaction dated 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 sale, the chief accounting officer directly owned 34,958 shares in the company, valued at approximately $34,958,000. This trade represents a 2.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 95,879 shares of company stock valued at $90,939,466. Company insiders own 0.24% of the company’s stock.

Institutional Trading of Micron Technology

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Andar Capital Management HK Ltd grew its holdings in Micron Technology by 856,960.3% in the second quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer’s stock valued at $39,571,847,000 after purchasing an additional 34,278,413 shares during the period. Primecap Management Co. CA acquired a new stake in Micron Technology in the second quarter valued at approximately $22,182,263,000. Bank of America Corp DE grew its holdings in Micron Technology by 26.6% in the second quarter. Bank of America Corp DE now owns 10,174,757 shares of the semiconductor manufacturer’s stock valued at $11,744,621,000 after purchasing an additional 2,136,470 shares during the period. Invesco Ltd. grew its holdings in Micron Technology by 1.6% in the fourth quarter. Invesco Ltd. now owns 9,777,239 shares of the semiconductor manufacturer’s stock valued at $2,790,522,000 after purchasing an additional 155,073 shares during the period. Finally, Legal & General Group Plc acquired a new stake in Micron Technology in the second quarter valued at approximately $8,402,393,000. 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: Record earnings and stronger guidance: Micron reported $54.23 billion in quarterly revenue, up 379% year over year, and adjusted EPS of $33.42, exceeding expectations. Its fiscal Q1 2027 outlook—approximately $61.5 billion in revenue and $38.15 in adjusted EPS at the midpoint—also topped analyst forecasts. Micron Technology Tops Lofty Fiscal Q4 Goals, Guides Above Views
• Positive Sentiment: AI demand remains powerful: High-bandwidth memory, data-center products and NAND pricing drove the results, while management said more than 75% of 2027 output is already committed. Customer discussions are extending into 2028, supporting expectations for sustained tight supply and pricing power. Micron’s Earnings Reveal Why the AI Memory Boom May Last Longer
• Positive Sentiment: Visibility and capital returns: Strategic customer agreements cover more than 35% of projected 2030 revenue, backed by roughly $32 billion in customer commitments. Micron also plans to increase share repurchases after reaching its cash target, potentially providing an additional catalyst. Micron Plans to Put Its Excess Cash Into Buybacks
• Positive Sentiment: Analyst optimism: Several firms raised targets, including DA Davidson at $2,100, Cantor Fitzgerald at $2,000 and Rosenblatt at $1,900, citing a potentially longer AI memory cycle.
• Neutral Sentiment: Longer-term opportunities: Micron sees additional memory demand from humanoid robots, autonomous vehicles and other “physical AI” applications later this decade. The company also declared a $0.15 quarterly dividend, with October 14 the ex-dividend date.
• Negative Sentiment: Cycle and margin concerns are limiting the reaction: Investors worry that current pricing and the 87% gross margin are unsustainably high for a cyclical semiconductor business. Analysts caution that additional industry capacity or slowing memory prices in 2027 could pressure earnings.
• Negative Sentiment: Expectations are elevated: After a dramatic rally, even a major beat has produced profit-taking. Heavy planned capital spending, broader market pressure from rising Treasury yields and a bearish options position disclosed by Michael Burry are adding volatility.

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.