Royal Bank Of Canada Reaffirms “Outperform” Rating for Micron Technology (NASDAQ:MU)

Micron Technology (NASDAQ:MU)‘s stock had its “outperform” rating reiterated by research analysts at Royal Bank Of Canada in a research report issued to clients and investors on Thursday, Benzinga reports. They presently have a $1,500.00 price target on the semiconductor manufacturer’s stock. Royal Bank Of Canada’s price target indicates a potential upside of 39.55% from the stock’s current price.

Several other research analysts have also recently issued reports on the company. Robert W. Baird raised their price objective on Micron Technology from $1,280.00 to $1,520.00 and gave the stock an “outperform” rating in a research note on Monday. Mizuho raised their price objective on Micron Technology from $1,300.00 to $1,400.00 and gave the stock an “outperform” rating in a research note on Thursday. President Capital raised their price objective on Micron Technology to $1,500.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Phillip Securities raised their price objective on Micron Technology from $530.00 to $1,870.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Finally, TD Cowen restated a “buy” rating and issued a $1,600.00 price objective (up from $1,500.00) on shares of Micron Technology in a research note on Wednesday, September 16th. Forty-one research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. 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 Stock Down 2.1%

Micron Technology stock traded down $22.50 during midday trading on Thursday, reaching $1,074.89. The company’s stock had a trading volume of 27,169,271 shares, compared to its average volume of 41,884,055. The stock’s 50-day simple moving average is $957.97 and its 200-day simple moving average is $820.68. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98. Micron Technology has a 52-week low of $179.61 and a 52-week high of $1,255.00. The stock has a market capitalization of $1.21 trillion, a P/E ratio of 14.48, a PEG ratio of 0.66 and a beta of 2.22.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 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 company had revenue of $54.23 billion during the quarter, compared to analysts’ expectations of $51.33 billion. During the same period last year, the business posted $3.03 earnings per share. The firm’s revenue 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. On average, sell-side analysts expect that Micron Technology will post 160.39 EPS for the current year.

Insider Activity at Micron Technology

In related news, EVP Sumit Sadana sold 15,000 shares of Micron Technology stock in a transaction that occurred on 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Scott R. Allen sold 879 shares of Micron Technology 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 value 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 SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 95,879 shares of company stock worth $90,939,466. 0.24% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Silverleafe Capital Partners LLC raised its position in Micron Technology by 8.2% during the third quarter. Silverleafe Capital Partners LLC now owns 5,742 shares of the semiconductor manufacturer’s stock valued at $6,116,000 after acquiring an additional 435 shares in the last quarter. First Citizens Financial Corp raised its position in Micron Technology by 15.1% during the third quarter. First Citizens Financial Corp now owns 221 shares of the semiconductor manufacturer’s stock valued at $235,000 after acquiring an additional 29 shares in the last quarter. Polaris Financial Partners purchased a new position in Micron Technology during the third quarter valued at approximately $6,077,000. Boltwood Capital Management raised its position in Micron Technology by 66.8% during the third quarter. Boltwood Capital Management now owns 759 shares of the semiconductor manufacturer’s stock valued at $808,000 after acquiring an additional 304 shares in the last quarter. Finally, CX Institutional raised its position in Micron Technology by 307.6% during the third quarter. CX Institutional now owns 29,635 shares of the semiconductor manufacturer’s stock valued at $31,564,000 after acquiring an additional 22,365 shares in the last quarter. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

More Micron Technology News

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.