Micron Technology (NASDAQ:MU) Given Overweight Rating at Cantor Fitzgerald

Micron Technology (NASDAQ:MU)‘s stock had its “overweight” rating reiterated by analysts at Cantor Fitzgerald in a research note issued to investors on Thursday, Marketbeat.com reports. They presently have a $2,000.00 price target on the semiconductor manufacturer’s stock. Cantor Fitzgerald’s price objective indicates a potential upside of 82.25% from the stock’s current price.

A number of other brokerages also recently issued reports on MU. The Goldman Sachs Group set a $1,250.00 price target on Micron Technology in a research report on Thursday. Raymond James Financial reissued an “outperform” rating on shares of Micron Technology in a research note on Thursday. BNP Paribas Exane raised their target price on shares of Micron Technology from $615.00 to $1,700.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. Stifel Nicolaus upped their price target on shares of Micron Technology from $550.00 to $1,500.00 and gave the company a “buy” rating in a report on Thursday, June 18th. Finally, Zacks Research downgraded shares of Micron Technology from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 19th. Forty equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,378.08.

Micron Technology Trading Up 3.0%

MU traded up $32.28 on Thursday, hitting $1,097.39. The company had a trading volume of 44,868,292 shares, compared to its average volume of 41,960,199. The business’s fifty day simple moving average is $952.75 and its 200 day simple moving average is $814.16. 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 12-month low of $179.61 and a 12-month high of $1,255.00. The company has a market cap of $1.24 trillion, a PE ratio of 24.84, a PEG ratio of 0.67 and a beta of 2.22.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $31.72 by $1.70. The business had revenue of $54.23 billion for the quarter, compared to the consensus estimate of $51.33 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The company’s quarterly revenue was up 379.1% compared to the same quarter last year. During the same period in the prior year, the business posted $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Equities research analysts expect that Micron Technology will post 73.12 EPS for the current year.

Insider Activity

In other news, CAO Scott Allen sold 879 shares of the company’s stock in a transaction that occurred 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 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $968.90, for a total value of $38,756,000.00. Following the transaction, the chief executive officer directly owned 264,503 shares in the company, valued at approximately $256,276,956.70. This represents a 13.14% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 95,879 shares of company stock valued at $90,939,466. 0.24% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Micron Technology

Several hedge funds have recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Micron Technology in the first quarter valued at about $27,000. Bullseye Investment Management LLC bought a new position in Micron Technology during the 2nd quarter worth about $27,000. Bayban bought a new position in Micron Technology during the 4th quarter worth about $29,000. Financial Life Planners purchased a new position in Micron Technology during the 1st quarter valued at about $36,000. Finally, Portus Wealth Advisors LLC purchased a new position in Micron Technology during the 1st quarter valued at about $37,000. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Micron Technology News Summary

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

• Positive Sentiment: Record results and strong guidance: Micron reported fiscal Q4 revenue of $54.23 billion, up 379% year over year, and adjusted EPS of $33.42, beating consensus estimates. Management guided fiscal Q1 2027 revenue to $60 billion-$63 billion and EPS to $37.15-$39.15, both above Wall Street expectations. Micron beats on revenue and earnings
• Positive Sentiment: AI demand remains powerful: Data-center revenue increased roughly elevenfold, driven by high-bandwidth memory (HBM), DRAM and NAND demand. More than 75% of Micron’s expected 2027 output is already committed, while management said supply constraints could persist through 2028. MU earnings call points to tighter supply
• Positive Sentiment: Analysts remain bullish: Multiple firms raised targets after the report, including DA Davidson at $2,100, Cantor Fitzgerald at $2,000, Rosenblatt at $1,900, TD Cowen at $1,600 and RBC at $1,500. Analysts cited better pricing visibility, long-term customer commitments and potential capital returns. Analysts stay bullish after Micron beat
• Neutral Sentiment: Why the stock is not responding more strongly: After a substantial prior advance, investors expected an even larger beat. Micron’s gross-margin outlook is projected to ease from 87% in Q4 to approximately 86.25% in Q1, raising concerns that peak pricing power may be approaching. Micron investors are not rewarding strong earnings
• Negative Sentiment: Risks remain: Rising Treasury yields are pressuring technology valuations, while investors are watching for any slowdown in memory demand, increased capital spending and possible labor disruption at Micron’s Taiwan operations. Micron faces Taiwan strike prospects

About Micron Technology

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.