Micron Technology (NASDAQ:MU) Stock Rating Reaffirmed as Overweight by Cantor Fitzgerald

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

Several other equities research analysts have also commented on MU. President Capital lifted their price target on shares of Micron Technology to $1,500.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Phillip Securities lifted their price target on shares of Micron Technology from $530.00 to $1,870.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Erste Group Bank upgraded shares of Micron Technology from a “hold” rating to a “buy” rating in a research note on Thursday, June 25th. Barclays lifted their price target on shares of Micron Technology from $1,175.00 to $2,000.00 and gave the stock an “overweight” rating in a research note on Thursday, June 25th. Finally, Mizuho lifted their price target on shares of Micron Technology from $1,300.00 to $1,400.00 and gave the stock an “outperform” rating in a research note on Thursday. Forty 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, Micron Technology currently has an average rating of “Moderate Buy” and a consensus price target of $1,378.08.

Micron Technology Stock Up 3.0%

NASDAQ:MU traded up $32.28 during midday trading on Thursday, hitting $1,097.39. 44,868,292 shares of the company were exchanged, compared to its average volume of 41,960,199. The company has a fifty day simple moving average of $954.89 and a 200 day simple moving average of $818.89. Micron Technology has a fifty-two week low of $179.61 and a fifty-two week high of $1,255.00. The company has a current ratio of 3.42, a quick ratio of 2.98 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $1.24 trillion, a PE ratio of 24.84, a price-to-earnings-growth ratio of 0.67 and a beta of 2.22.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, topping the consensus estimate of $31.72 by $1.70. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The firm had revenue of $54.23 billion for the quarter, compared to analyst estimates of $51.33 billion. During the same period last year, the business earned $3.03 EPS. Micron Technology’s revenue for the quarter was up 379.1% compared to the same quarter last year. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, equities analysts anticipate that Micron Technology will post 73.12 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Micron Technology news, EVP Sumit Sadana sold 15,000 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the transaction, the executive vice president directly owned 191,021 shares of the company’s stock, valued at approximately $178,469,010.09. This trade represents a 7.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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 transaction of $38,756,000.00. Following the transaction, the chief executive officer directly owned 264,503 shares in the company, valued at $256,276,956.70. The trade was a 13.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 95,879 shares of company stock valued at $90,939,466. Insiders own 0.24% of the company’s stock.

Institutional Trading of Micron Technology

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Andar Capital Management HK Ltd boosted its holdings in shares of Micron Technology by 856,960.3% in the second quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer’s stock valued at $39,571,847,000 after acquiring an additional 34,278,413 shares in the last quarter. Primecap Management Co. CA purchased a new stake in shares of Micron Technology in the second quarter valued at about $22,182,263,000. Bank of America Corp DE boosted its holdings in shares of Micron Technology by 26.6% in the second quarter. Bank of America Corp DE now owns 10,174,757 shares of the semiconductor manufacturer’s stock valued at $11,744,621,000 after acquiring an additional 2,136,470 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Micron Technology by 1.6% in the fourth quarter. Invesco Ltd. now owns 9,777,239 shares of the semiconductor manufacturer’s stock valued at $2,790,522,000 after acquiring an additional 155,073 shares in the last quarter. Finally, Legal & General Group Plc purchased a new stake in shares of Micron Technology in the second quarter valued at about $8,402,393,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Micron reported fiscal Q4 revenue of $54.23 billion, up 379% year over year, and adjusted EPS of $33.42, exceeding consensus estimates of approximately $51.3 billion and $31.72, respectively. Gross margin reached 87%, highlighting strong pricing power. Micron beats on revenue and earnings as global memory shortage continues
• Positive Sentiment: Management forecast fiscal Q1 2027 revenue of $60 billion to $63 billion and EPS of $37.15 to $39.15, both above Wall Street expectations. The outlook suggests AI infrastructure spending and memory pricing remain robust. Micron forecasts quarterly revenue above estimates
• Positive Sentiment: More than 75% of Micron’s fiscal 2027 output is already committed, while customer discussions are extending into 2028 and beyond. Strategic customer agreements reportedly cover more than 35% of projected revenue through 2030, improving visibility and downside protection. Micron Isn’t Stepping Off The Gas
• Positive Sentiment: Several analysts raised price targets following the report, including targets of $1,600 from TD Cowen, $1,900 from Rosenblatt, $2,000 from Cantor Fitzgerald and $2,100 from DA Davidson. Analysts cited tighter supply, durable AI demand and potential capital returns. Micron Stock Forecast
• Neutral Sentiment: The stock initially struggled to reflect the earnings beat as investors appeared to have priced in exceptionally strong results after its major 2026 rally. Rising Treasury yields also pressured high-growth technology shares. Why Micron’s big earnings report isn’t lifting the stock
• Negative Sentiment: Management expects gross margin to bottom near 86.25% in Q1, slightly below the latest quarter. Investors are also watching substantial capital expenditures, possible labor disruption at Taiwan operations, future memory supply additions and the risk that pricing power eventually fades. 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.