Micron Technology (NASDAQ:MU) Stock Gets Price Target Boost from DA Davidson

Micron Technology (NASDAQ:MU) had its target price hoisted by investment analysts at DA Davidson from $2,100.00 to $3,000.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor manufacturer’s stock. DA Davidson’s price objective suggests a potential upside of 189.62% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. Itau BBA Securities increased their price objective on Micron Technology from $1,243.78 to $1,697.09 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. ThinkEquity reaffirmed a “buy” rating on shares of Micron Technology in a research note on Monday, August 3rd. Susquehanna reiterated a “positive” rating on shares of Micron Technology in a research note on Thursday, October 1st. Raymond James Financial reaffirmed an “outperform” rating on shares of Micron Technology in a report on Thursday, October 1st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Micron Technology in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,407.88.

Micron Technology Stock Performance

Shares of MU opened at $1,035.84 on Wednesday. The stock has a market capitalization of $1.17 trillion, a P/E ratio of 13.96, a P/E/G ratio of 0.19 and a beta of 2.22. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.94 and a current ratio of 3.31. Micron Technology has a 1 year low of $179.61 and a 1 year high of $1,255.00. The company’s fifty day moving average is $975.93 and its two-hundred day moving average is $840.54.

Micron Technology (NASDAQ:MU) last released its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, topping the consensus estimate of $31.77 by $1.65. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The company had revenue of $54.23 billion during the quarter, compared to analysts’ expectations of $51.33 billion. During the same quarter last year, the business earned $3.03 EPS. The business’s revenue was up 379.1% on a year-over-year basis. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. On average, sell-side analysts predict that Micron Technology will post 175.82 earnings per share for the current year.

Insider Transactions at Micron Technology

In other news, EVP Sumit Sadana sold 15,000 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total value of $14,014,350.00. Following the completion of the sale, the executive vice president owned 191,021 shares of the company’s stock, valued at $178,469,010.09. This represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Scott R. Allen sold 879 shares of the firm’s stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total value of $879,000.00. Following the completion of the transaction, the chief accounting officer directly owned 34,958 shares in the company, valued at $34,958,000. This trade represents a 2.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 95,879 shares of company stock worth $90,939,466 in the last three months. 0.24% of the stock is currently owned by company insiders.

Institutional Trading of Micron Technology

A number of hedge funds have recently made changes to their positions in the company. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Micron Technology by 1.1% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 332,227 shares of the semiconductor manufacturer’s stock valued at $353,858,000 after purchasing an additional 3,700 shares during the period. Diversified Management Inc. increased its position in shares of Micron Technology by 0.9% in the 3rd quarter. Diversified Management Inc. now owns 8,958 shares of the semiconductor manufacturer’s stock worth $9,541,000 after purchasing an additional 77 shares during the last quarter. Green Ridge Wealth Planning LLC acquired a new stake in Micron Technology during the third quarter valued at approximately $399,000. Acropolis Investment Management LLC raised its position in shares of Micron Technology by 11.8% during the 3rd quarter. Acropolis Investment Management LLC now owns 4,387 shares of the semiconductor manufacturer’s stock valued at $4,673,000 after acquiring an additional 463 shares in the last quarter. Finally, First Heartland Consultants Inc. lifted its position in shares of Micron Technology by 10.4% in the 3rd quarter. First Heartland Consultants Inc. now owns 1,467 shares of the semiconductor manufacturer’s stock worth $1,563,000 after buying an additional 138 shares during the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Strong earnings and forward guidance support the growth outlook. Micron reported fiscal fourth-quarter revenue of $54.23 billion and adjusted earnings of $33.42 per share, both ahead of expectations. Management also projected fiscal first-quarter 2027 adjusted EPS of $37.15-$39.15, implying another sequential increase. Micron’s Latest Earnings Reveal Why the AI Memory Supercycle Could Run for Years
• Positive Sentiment: AI-related demand remains a major catalyst. More than 75% of Micron’s fiscal 2027 output is reportedly committed, while customers are already discussing 2028 allocations. Record DRAM revenue and surging enterprise SSD demand suggest data-center customers are securing memory supply well in advance. Micron: This Memory Cycle Could End Differently
• Positive Sentiment: Analyst support remains strong. Zacks upgraded Micron to “Strong Buy,” while D.A. Davidson raised its price target to $3,000 and maintained a Buy rating, citing a potential multiyear shortage driven by AI infrastructure spending. Micron & 2 Profitable Stocks to Buy in October for Big Upside
• Neutral Sentiment: Valuation and cyclicality remain debated. Bullish analysts view Micron’s roughly six-to-seven-times forward earnings valuation as inexpensive, but skeptics warn that margins may be near a peak and that memory prices could eventually normalize. A $600 million settlement with Netlist also removes a legal overhang but adds a material cost. Micron Technology, Netlist Settle Patent Dispute for $600 Million
• Negative Sentiment: Investors reacted negatively to weaker-than-expected AI revenue concerns. A report that OpenAI’s annualized revenue was below expectations triggered a broader selloff in AI and semiconductor stocks. Analysts said the figure may reflect reporting differences rather than a deterioration in AI demand, but the news heightened concern about crowded AI valuations. Micron, Nvidia and AI chip stocks fall as report on OpenAI’s revenue causes undue concern
• Negative Sentiment: A Taiwan labor dispute adds operational risk. Workers at Micron’s major Taiwan manufacturing sites authorized a strike over bonus changes. No walkout has been announced, but a disruption could threaten production and increase costs. Micron’s Taoyuan union in Taiwan secures authorisation to strike
• Negative Sentiment: Samsung’s record profit did not reassure memory investors. Although Samsung reported sharply higher operating profit, the slower pace of growth and concerns that the memory cycle is nearing a peak reinforced fears that Micron’s exceptional earnings growth may decelerate. The Memory Trade Cools After Samsung’s Preliminary Results Disappoint

Micron Technology Company Profile

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.