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

Micron Technology (NASDAQ:MU)‘s stock had its “buy” rating reiterated by investment analysts at Needham & Company LLC in a research report issued to clients and investors on Thursday, Benzinga reports. They currently have a $1,650.00 price objective on the semiconductor manufacturer’s stock. Needham & Company LLC‘s price objective would suggest a potential upside of 92.65% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. William Blair set a $1,300.00 price objective on shares of Micron Technology in a research note on Thursday, October 1st. Zacks Research upgraded shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 6th. BNP Paribas Exane increased their price objective on shares of Micron Technology from $615.00 to $1,700.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. TD Cowen restated a “buy” rating and issued a $1,600.00 price objective on shares of Micron Technology in a research note on Thursday, October 1st. Finally, UBS Group restated a “buy” rating and issued a $1,625.00 price objective (up from $535.00) on shares of Micron Technology in a research note on Wednesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,407.88.

Micron Technology Price Performance

NASDAQ:MU opened at $856.49 on Thursday. The stock has a market cap of $969.05 billion, a P/E ratio of 11.54, a PEG ratio of 0.16 and a beta of 2.22. Micron Technology has a one year low of $192.59 and a one year high of $1,255.00. The company has a fifty day moving average price of $985.49 and a 200 day moving average price of $880.07. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.31 and a quick ratio of 2.94.

Micron Technology (NASDAQ:MU) last released its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, beating 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 firm had revenue of $54.23 billion during the quarter, compared to analysts’ expectations of $51.33 billion. During the same period in the prior year, the company earned $3.03 EPS. The business’s quarterly revenue 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. Analysts anticipate that Micron Technology will post 177.03 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Sumit Sadana sold 15,000 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president owned 191,021 shares in the company, valued at $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 through the SEC website. Also, CEO Sanjay Mehrotra sold 40,000 shares of the stock in a transaction dated 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 sale, the chief executive officer owned 264,503 shares of the company’s stock, valued at $256,276,956.70. This trade represents a 13.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 83,545 shares of company stock worth $78,460,850 in the last quarter. 0.24% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Micron Technology

A number of hedge funds have recently made changes to their positions in the company. Gibbs Wealth Management increased its position in shares of Micron Technology by 52.7% during the 3rd quarter. Gibbs Wealth Management now owns 6,041 shares of the semiconductor manufacturer’s stock worth $6,435,000 after purchasing an additional 2,085 shares in the last quarter. Lantern Wealth Advisors LLC increased its position in shares of Micron Technology by 30.8% during the 3rd quarter. Lantern Wealth Advisors LLC now owns 574 shares of the semiconductor manufacturer’s stock worth $611,000 after purchasing an additional 135 shares in the last quarter. Garrett Wealth Advisory Group LLC increased its position in shares of Micron Technology by 3.9% during the 3rd quarter. Garrett Wealth Advisory Group LLC now owns 853 shares of the semiconductor manufacturer’s stock worth $909,000 after purchasing an additional 32 shares in the last quarter. Winthrop Advisory Group LLC increased its position in shares of Micron Technology by 2.6% during the 3rd quarter. Winthrop Advisory Group LLC now owns 1,233 shares of the semiconductor manufacturer’s stock worth $1,313,000 after purchasing an additional 31 shares in the last quarter. Finally, Barrett & Company Inc. increased its position in shares of Micron Technology by 5.0% during the 3rd quarter. Barrett & Company Inc. now owns 487 shares of the semiconductor manufacturer’s stock worth $519,000 after purchasing an additional 23 shares in the last quarter. Institutional investors and hedge funds 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’s latest results remain a major support: quarterly revenue reached $54.23 billion, up 379% year over year, while EPS exceeded estimates. Management’s roughly $61.5 billion next-quarter revenue outlook points to continued strength in HBM, DRAM and NAND demand. Micron Posted a $54.23 Billion Quarter and Guided to $61.5 Billion for Next Quarter
• Positive Sentiment: Wedbush said Micron’s decision to pursue 3D DRAM rather than the competing 4F² architecture could preserve its technology advantage. ASML also expects memory demand to exceed supply through at least 2028, supporting the long-term shortage thesis. Micron charts a different course on DRAM, Wedbush says
• Positive Sentiment: Needham and Rosenblatt reaffirmed “buy” ratings with price targets of $1,650 and $1,900, respectively, arguing the stock’s valuation does not reflect its earnings growth and AI-memory position. Micron’s Earnings Reveal Why the AI Memory Boom May Last Longer
• Neutral Sentiment: A one-day walkout at Micron’s Taiwan facility reflects employee demands for higher profit sharing. Reports indicate limited immediate production impact, but labor negotiations create a potential operational risk. Micron’s Taiwan Strike: A High-Stakes Fight Over AI Profits
• Negative Sentiment: The immediate selloff reflects rising oil prices, inflation and interest-rate concerns, alongside investor worries that AI spending has become excessive and that capital may become scarcer for data-center projects. Nvidia, AMD and other memory and storage stocks also declined, intensifying sector pressure. Why Micron Stock Is Falling Hard Today
• Negative Sentiment: An insider sold approximately $25.7 million of MU stock. The transaction may add to profit-taking concerns after Micron’s extraordinary 2026 rally, although one sale does not establish a change in business outlook. Micron Technology Insider Sells Stock

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.