Micron Technology (NASDAQ:MU) Earns Buy Rating from Analysts at HSBC

Investment analysts at HSBC began coverage on shares of Micron Technology (NASDAQ:MU) in a report issued on Tuesday,Benzinga reports. The firm set a “buy” rating and a $330.00 price target on the semiconductor manufacturer’s stock. HSBC’s price target would indicate a potential upside of 33.65% from the company’s current price.

A number of other equities research analysts also recently weighed in on MU. Summit Insights upgraded shares of Micron Technology to a “strong-buy” rating in a research note on Tuesday, September 23rd. KeyCorp raised their target price on shares of Micron Technology from $160.00 to $215.00 and gave the company an “overweight” rating in a research report on Wednesday, September 24th. Zacks Research upgraded shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 19th. Raymond James Financial boosted their price objective on Micron Technology from $150.00 to $190.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 24th. Finally, Itau BBA Securities assumed coverage on Micron Technology in a research note on Tuesday, October 7th. They set an “outperform” rating and a $249.00 price target on the stock. Five analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $228.66.

Micron Technology Stock Up 4.1%

NASDAQ MU opened at $246.92 on Tuesday. Micron Technology has a fifty-two week low of $61.54 and a fifty-two week high of $260.58. The business has a fifty day moving average price of $217.21 and a two-hundred day moving average price of $155.94. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79. The stock has a market capitalization of $277.57 billion, a PE ratio of 32.53, a PEG ratio of 0.50 and a beta of 1.54.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.86 by $0.17. The business had revenue of $11.32 billion during the quarter, compared to the consensus estimate of $11.05 billion. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.Micron Technology’s revenue for the quarter was up 46.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.18 EPS. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Equities analysts expect that Micron Technology will post 6.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Scott R. Allen sold 8,800 shares of the firm’s stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $210.02, for a total transaction of $1,848,176.00. Following the completion of the sale, the chief accounting officer owned 40,237 shares of the company’s stock, valued at $8,450,574.74. This trade represents a 17.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Sanjay Mehrotra sold 3,743 shares of the stock in a transaction on Friday, November 7th. The stock was sold at an average price of $233.39, for a total transaction of $873,578.77. Following the transaction, the chief executive officer directly owned 396,578 shares in the company, valued at approximately $92,557,339.42. This represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 399,852 shares of company stock worth $84,048,737 in the last quarter. 0.24% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Micron Technology

Large investors have recently modified their holdings of the company. Norges Bank acquired a new position in Micron Technology during the second quarter worth $1,980,700,000. AQR Capital Management LLC grew its holdings in shares of Micron Technology by 411.9% during the third quarter. AQR Capital Management LLC now owns 3,627,022 shares of the semiconductor manufacturer’s stock valued at $606,873,000 after buying an additional 2,918,535 shares during the last quarter. Slate Path Capital LP bought a new stake in shares of Micron Technology during the second quarter worth about $317,751,000. Vanguard Group Inc. raised its holdings in shares of Micron Technology by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 103,879,662 shares of the semiconductor manufacturer’s stock worth $12,803,168,000 after acquiring an additional 1,973,294 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Micron Technology by 26.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,800,052 shares of the semiconductor manufacturer’s stock valued at $590,807,000 after acquiring an additional 1,416,174 shares in the last quarter. 80.84% of the stock is currently owned by institutional investors.

Micron Technology Company Profile

Micron Technology, Inc designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides memory and storage technologies comprising dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; non-volatile and re-writeable semiconductor storage devices; and non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels.