Micron Technology’s (MU) Buy Rating Reaffirmed at TD Cowen

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

A number of other equities analysts have also recently weighed in on the stock. HSBC increased their price objective on shares of 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. Barclays increased their price objective on shares of Micron Technology from $1,175.00 to $2,000.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Wedbush reaffirmed an “outperform” rating and set a $1,400.00 price objective on shares of Micron Technology in a research report on Monday. President Capital increased their price objective on shares of Micron Technology to $1,500.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. Finally, Phillip Securities raised their price target on shares of Micron Technology from $530.00 to $1,870.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Forty-one analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,385.93.

Micron Technology Trading Down 2.1%

Shares of NASDAQ:MU traded down $22.50 during mid-day trading on Thursday, reaching $1,074.89. 27,169,271 shares of the company were exchanged, compared to its average volume of 41,884,055. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98. The firm has a market cap of $1.21 trillion, a price-to-earnings ratio of 14.48, a P/E/G ratio of 0.66 and a beta of 2.22. The firm’s 50-day simple moving average is $957.97 and its 200 day simple moving average is $820.68. Micron Technology has a 1 year low of $179.61 and a 1 year high of $1,255.00.

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

Insider Activity

In related news, CAO Scott R. Allen sold 879 shares of the business’s stock in a transaction 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 completion of the transaction, the chief accounting officer owned 34,958 shares in the company, valued at approximately $34,958,000. The trade was a 2.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Sanjay Mehrotra sold 40,000 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $968.90, for a total value of $38,756,000.00. Following the completion of the sale, the chief executive officer owned 264,503 shares in the company, valued at approximately $256,276,956.70. This represents a 13.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 95,879 shares of company stock worth $90,939,466. 0.24% of the stock is currently owned by corporate insiders.

Institutional Trading of Micron Technology

Hedge funds and other institutional investors have recently bought and sold shares of the business. Andar Capital Management HK Ltd raised its stake 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 buying an additional 34,278,413 shares in the last quarter. Primecap Management Co. CA acquired a new stake in Micron Technology in the second quarter valued at $22,182,263,000. Bank of America Corp DE raised its stake 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 buying an additional 2,136,470 shares in the last quarter. Legal & General Group Plc acquired a new stake in Micron Technology in the second quarter valued at $8,402,393,000. Finally, Wellington Management Group LLP raised its stake in Micron Technology by 28.7% in the second quarter. Wellington Management Group LLP now owns 5,045,141 shares of the semiconductor manufacturer’s stock valued at $5,823,556,000 after buying an additional 1,125,414 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology News Roundup

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.

Micron Technology Company Profile

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.