Micron Technology (NASDAQ:MU) Stock Rating Reaffirmed as “Buy” by Needham & Company LLC

Micron Technology (NASDAQ:MU)‘s stock had its “buy” rating reissued by equities research analysts at Needham & Company LLC in a report issued on Thursday, Benzinga reports. They currently have a $1,650.00 price target on the semiconductor manufacturer’s stock. Needham & Company LLC‘s target price would indicate a potential upside of 92.65% from the company’s previous close.

A number of other brokerages also recently commented on MU. DA Davidson increased their price target on shares of Micron Technology from $2,100.00 to $3,000.00 and gave the company a “buy” rating in a report on Wednesday, October 7th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Micron Technology in a report on Thursday, October 1st. TD Cowen reissued a “buy” rating and issued a $1,600.00 price objective on shares of Micron Technology in a research report on Thursday, October 1st. New Street Research raised shares of Micron Technology from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $470.00 to $1,250.00 in a research report on Friday, August 14th. Finally, Wolfe Research set a $1,500.00 price objective on shares of Micron Technology in a research report on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Micron Technology currently has an average rating of “Moderate Buy” and an average price target of $1,407.88.

Micron Technology Trading Down 6.3%

Shares of NASDAQ:MU traded down $57.18 during trading on Thursday, reaching $856.49. The company’s stock had a trading volume of 31,798,462 shares, compared to its average volume of 40,822,316. The company has a current ratio of 3.31, a quick ratio of 2.94 and a debt-to-equity ratio of 0.03. Micron Technology has a 12 month low of $192.59 and a 12 month high of $1,255.00. The firm’s 50 day simple moving average is $985.49 and its two-hundred day simple moving average is $880.07. The stock has a market capitalization of $969.05 billion, a PE ratio of 11.54, a price-to-earnings-growth ratio of 0.16 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, beating analysts’ consensus estimates of $31.77 by $1.65. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The firm had revenue of $54.23 billion during the quarter, compared to the consensus estimate of $51.33 billion. During the same quarter last year, the firm earned $3.03 EPS. The firm’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. On average, research analysts predict that Micron Technology will post 177.03 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Scott J. Deboer sold 28,545 shares of the stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $900.00, for a total value of $25,690,500.00. Following the sale, the insider directly owned 147,430 shares of the company’s stock, valued at $132,687,000. This represents a 16.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the sale, the chief executive officer owned 264,503 shares of the company’s stock, valued at $256,276,956.70. The trade was a 13.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 123,545 shares of company stock valued at $115,750,966 in the last ninety days. 0.24% of the stock is owned by company insiders.

Hedge Funds Weigh In On Micron Technology

A number of institutional investors have recently modified their holdings of MU. BIP Wealth LLC increased its position in shares of Micron Technology by 12.6% during the third quarter. BIP Wealth LLC now owns 2,233 shares of the semiconductor manufacturer’s stock worth $2,379,000 after acquiring an additional 249 shares during the period. MLP3 LLC purchased a new position in shares of Micron Technology during the third quarter worth approximately $207,000. Boomfish Wealth Group LLC purchased a new position in shares of Micron Technology during the third quarter worth approximately $230,000. MBL Wealth LLC increased its position in shares of Micron Technology by 27.2% during the third quarter. MBL Wealth LLC now owns 4,620 shares of the semiconductor manufacturer’s stock worth $4,921,000 after acquiring an additional 988 shares during the period. Finally, OLD Second National Bank of Aurora increased its position in shares of Micron Technology by 416.0% during the third quarter. OLD Second National Bank of Aurora now owns 129 shares of the semiconductor manufacturer’s stock worth $137,000 after acquiring an additional 104 shares during the period. 80.84% of the stock is 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: Micron’s fundamental outlook remains strong. Recent results showed adjusted EPS of $33.42 and revenue of $54.23 billion, far above consensus, while management guided to approximately $61.5 billion of revenue for the next quarter. AI-related demand for high-bandwidth memory, DRAM and NAND has helped drive record profitability, with analysts expecting tight supply through at least 2027. Micron’s Earnings Reveal Why the AI Memory Boom May Last Longer
• Positive Sentiment: Wedbush said Micron’s decision to bypass the competing 4F² DRAM architecture and pursue 3D technology could preserve its manufacturing and technology advantage. New products based on the roadmap are expected to support future AI-memory demand. Micron Charts a Different Course on DRAM
• Positive Sentiment: Needham and Rosenblatt reaffirmed buy ratings with price targets of $1,650 and $1,900, respectively. These targets reflect continued confidence in memory pricing, customer commitments and Micron’s earnings growth despite the recent pullback. What’s Going On With Micron Technology Stock Thursday?
• Neutral Sentiment: Micron introduced a quarterly employee bonus tied to company profits. The program could support workforce relations, but it may also increase compensation costs during a period of intense labor and capacity investment. Micron Introduces Quarterly Employee Bonus Tied to Profits
• Negative Sentiment: Investors are questioning whether massive AI spending is sustainable, particularly as rising oil prices, inflation and borrowing costs make data-center financing more expensive. Concerns about negative free cash flow at major technology customers have intensified fears of a broader AI investment slowdown. Why Micron Stock Dropped on Thursday
• Negative Sentiment: Memory and storage shares faced concentrated selling ahead of earnings, raising concerns that Micron’s unusually high margins could eventually normalize as competitors add capacity. China’s CXMT is also advancing server-memory technology, creating a longer-term competitive risk. Memory Selloff Deepens Ahead of Earnings
• Negative Sentiment: A labor dispute at Micron’s Taoyuan, Taiwan facility created fears of production disruption, shipment delays or higher costs, even though the company has also reported progress toward agreements with Taiwan unions. Micron’s Taiwan Strike

Micron Technology Company Profile

Micron Technology, Inc is a semiconductor company that develops and manufactures memory and storage products. Its portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules, and other semiconductor solutions used in data centers, personal computers, smartphones, automotive systems, industrial equipment, and consumer electronics.

The company also provides high-bandwidth memory and other advanced memory technologies designed to support artificial intelligence, high-performance computing, networking, and graphics applications.