Zacks Research Downgrades Micron Technology (NASDAQ:MU) to Hold

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

Other equities research analysts have also recently issued reports about the company. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $1,500.00 price target on shares of Micron Technology in a research note on Thursday, June 25th. DA Davidson upped their target price on shares of Micron Technology from $1,500.00 to $2,000.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Susquehanna boosted their price objective on shares of Micron Technology from $1,750.00 to $2,000.00 and gave the stock a “positive” rating in a research note on Thursday, June 25th. Melius Research initiated coverage on shares of Micron Technology in a report on Monday, April 27th. They set a “buy” rating and a $700.00 target price for the company. Finally, Raymond James Financial boosted their target price on Micron Technology from $1,100.00 to $1,500.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. Three research 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’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $1,259.97.

Micron Technology Price Performance

Shares of Micron Technology stock opened at $974.33 on Wednesday. Micron Technology has a 12-month low of $114.25 and a 12-month high of $1,255.00. The firm has a market cap of $1.10 trillion, a PE ratio of 22.06 and a beta of 2.18. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. The company’s fifty day simple moving average is $967.32 and its two-hundred day simple moving average is $694.37.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $21.39 by $3.72. The business had revenue of $41.46 billion for 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 quarterly revenue was up 345.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, equities analysts expect that Micron Technology will post 72.93 EPS for the current year.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, CAO Scott R. Allen sold 879 shares of the company’s stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total value of $879,000.00. Following the completion of the sale, the chief accounting officer owned 34,958 shares in the company, valued at $34,958,000. This represents a 2.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Sumit Sadana sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total value 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 $178,469,010.09. This trade represents a 7.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 177,179 shares of company stock valued at $181,826,211 in the last ninety days. 0.24% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Micron Technology

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MU. Vanguard Group Inc. lifted its stake in shares of Micron Technology by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer’s stock valued at $30,427,016,000 after buying an additional 1,954,644 shares in the last quarter. State Street Corp increased its stake in Micron Technology by 2.1% in the 4th quarter. State Street Corp now owns 52,749,817 shares of the semiconductor manufacturer’s stock worth $15,061,310,000 after buying an additional 1,090,644 shares in the last quarter. Andar Capital Management HK Ltd increased its stake in Micron Technology by 856,960.3% in the 2nd quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer’s stock worth $39,571,847,000 after buying an additional 34,278,413 shares in the last quarter. Norges Bank bought a new stake in Micron Technology during the fourth quarter valued at about $6,433,456,000. Finally, Primecap Management Co. CA bought a new stake in Micron Technology during the second quarter valued at about $22,182,263,000. Institutional investors own 80.84% of the company’s stock.

Micron Technology News Roundup

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.

Micron Technology Company Profile

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.