Micron Technology (NASDAQ:MU) Downgraded by Zacks Research to “Hold”

Micron Technology (NASDAQ:MU) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

MU has been the subject of several other research reports. Morgan Stanley upped their price objective on shares of Micron Technology from $1,050.00 to $1,200.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. The Goldman Sachs Group boosted their target price on Micron Technology from $900.00 to $1,100.00 and gave the company a “neutral” rating in a report on Thursday, June 25th. UBS Group reissued a “buy” rating on shares of Micron Technology in a research report on Monday, August 10th. Deutsche Bank Aktiengesellschaft raised their price target on Micron Technology from $1,500.00 to $1,550.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Finally, Erste Group Bank raised Micron Technology from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. Three analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Micron Technology has an average rating of “Buy” and a consensus target price of $1,259.97.

Micron Technology Stock Performance

Shares of Micron Technology stock opened at $974.33 on Wednesday. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. Micron Technology has a 52 week low of $114.25 and a 52 week high of $1,255.00. The firm’s 50 day moving average is $967.32 and its two-hundred day moving average is $694.37. The firm has a market capitalization of $1.10 trillion, a P/E ratio of 22.06 and a beta of 2.18.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, topping the consensus estimate of $21.39 by $3.72. The business had revenue of $41.46 billion during the quarter, compared to the consensus estimate of $35.91 billion. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The company’s revenue was up 345.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Research analysts forecast that Micron Technology will post 72.93 EPS for the current fiscal year.

Insider Activity

In related news, Director Lynn A. Dugle sold 1,300 shares of Micron Technology stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $1,150.43, for a total value of $1,495,559.00. Following the transaction, the director directly owned 17,728 shares in the company, valued at $20,394,823.04. This trade represents a 6.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Sanjay Mehrotra sold 31,285 shares of Micron Technology stock in a transaction on Friday, July 24th. The shares were sold at an average price of $926.83, for a total transaction of $28,995,876.55. Following the completion of the transaction, the chief executive officer owned 313,218 shares in the company, valued at approximately $290,299,838.94. This trade represents a 9.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 177,179 shares of company stock valued at $181,826,211. 0.24% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Sunburst Financial Group LLC acquired a new position in shares of Micron Technology during the second quarter worth about $626,000. Natural Investments LLC acquired a new stake in Micron Technology in the second quarter valued at about $438,000. XML Financial LLC boosted its holdings in Micron Technology by 14.5% in the 2nd quarter. XML Financial LLC now owns 2,254 shares of the semiconductor manufacturer’s stock valued at $2,601,000 after purchasing an additional 286 shares in the last quarter. Tsfg LLC boosted its holdings in Micron Technology by 20.0% in the 2nd quarter. Tsfg LLC now owns 240 shares of the semiconductor manufacturer’s stock valued at $277,000 after purchasing an additional 40 shares in the last quarter. Finally, KFA Private Wealth Group LLC acquired a new position in Micron Technology during the 2nd quarter worth approximately $308,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Micron Technology

Here are the key news stories impacting Micron Technology this week:

• Positive Sentiment: $10 billion research commitment: Micron unveiled Micron Research Labs, a Boise-based facility that will receive approximately $10 billion over the next decade. The lab will focus on memory technology, advanced packaging, computing systems and future chip manufacturing, potentially strengthening MU’s competitive position in AI infrastructure. Micron Research Labs announcement
• Positive Sentiment: AI demand supports a structural growth story: CEO Sanjay Mehrotra said AI has “totally changed” the traditionally cyclical memory industry and that AI cannot scale without memory. The comments reinforce expectations for sustained demand for high-bandwidth memory, server DRAM and data-center storage. Micron CEO discusses AI demand
• Positive Sentiment: Strong analyst and media support: D.A. Davidson analyst Gil Luria raised his MU price target to $2,000 from $1,500 while maintaining a Buy rating. Jim Cramer also called Micron “radically undervalued.” Nvidia’s upcoming Aug. 26 earnings report is viewed as a potential catalyst for AI-memory suppliers. Micron price target and Nvidia catalyst
• Neutral Sentiment: Future buyback potential: A company-specific restriction on large-scale share repurchases is scheduled to expire on Dec. 9, 2026. Investors may view that date as a future capital-return catalyst, although no significant buyback has been announced. Micron buyback restriction discussion
• Negative Sentiment: Executive selling: EVP Sumit Sadana sold 15,000 MU shares for approximately $14.0 million, reducing his direct holdings by 7.28%. While the sale may be personal or preplanned, it can weigh on sentiment. Sumit Sadana insider sale
• Negative Sentiment: Capital-return and valuation risks: Unlike SK hynix, Micron is prioritizing major manufacturing and research investments instead of immediate large-scale buybacks. Separately, Stanley Druckenmiller’s family office reportedly sold its Micron position in the second quarter, highlighting concerns about high valuation, volatility and the durability of AI-driven spending.

About Micron Technology

Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.