Micron Technology’s (MU) Outperform Rating Reiterated at Royal Bank Of Canada

Micron Technology (NASDAQ:MU)‘s stock had its “outperform” rating reaffirmed by 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 objective on the semiconductor manufacturer’s stock. Royal Bank Of Canada’s target price suggests a potential upside of 39.55% from the stock’s previous close.

MU has been the subject of a number of other research reports. Arete Research upped their price target on Micron Technology from $852.00 to $1,500.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. BNP Paribas Exane upped their price target on Micron Technology from $615.00 to $1,700.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. Seaport Research Partners restated a “buy” rating on shares of Micron Technology in a report on Friday, August 14th. Raymond James Financial reiterated an “outperform” rating on shares of Micron Technology in a research note on Thursday. Finally, New Street Research upgraded Micron Technology from a “neutral” rating to a “buy” rating and increased their target price for the company from $470.00 to $1,250.00 in a research note on Friday, August 14th. Forty-one research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Micron Technology has a consensus rating of “Moderate Buy” and an average target price of $1,385.93.

Micron Technology Stock Down 2.1%

NASDAQ MU traded down $22.50 on Thursday, reaching $1,074.89. The company had a trading volume of 27,169,271 shares, compared to its average volume of 41,884,055. The firm has a market capitalization of $1.21 trillion, a PE ratio of 14.48, a P/E/G ratio of 0.66 and a beta of 2.22. Micron Technology has a 1 year low of $179.61 and a 1 year high of $1,255.00. The firm has a 50-day moving average of $957.97 and a 200-day moving average of $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 (NASDAQ:MU) last released its quarterly earnings results 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 return on equity of 110.90% and a net margin of 63.80%.Micron Technology’s quarterly revenue was up 379.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO Scott Allen sold 879 shares of the firm’s stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the transaction, the chief accounting officer directly owned 34,958 shares in the company, valued at $34,958,000. This trade represents a 2.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $968.90, for a total value of $38,756,000.00. Following the transaction, the chief executive officer owned 264,503 shares in the company, valued at $256,276,956.70. This trade represents a 13.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 95,879 shares of company stock worth $90,939,466 over the last ninety days. 0.24% of the stock is owned by insiders.

Hedge Funds Weigh In On Micron Technology

Several large investors have recently added to or reduced their stakes in the company. Silverleafe Capital Partners LLC lifted its stake 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 worth $6,116,000 after purchasing an additional 435 shares during the last quarter. First Citizens Financial Corp lifted its stake in Micron Technology by 15.1% during the third quarter. First Citizens Financial Corp now owns 221 shares of the semiconductor manufacturer’s stock worth $235,000 after purchasing an additional 29 shares during the last quarter. Polaris Financial Partners bought a new position in Micron Technology during the third quarter worth $6,077,000. Boltwood Capital Management lifted its stake in Micron Technology by 66.8% during the third quarter. Boltwood Capital Management now owns 759 shares of the semiconductor manufacturer’s stock worth $808,000 after purchasing an additional 304 shares during the last quarter. Finally, CX Institutional lifted its stake in Micron Technology by 307.6% during the third quarter. CX Institutional now owns 29,635 shares of the semiconductor manufacturer’s stock worth $31,564,000 after purchasing an additional 22,365 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors.

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.

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.