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

Micron Technology (NASDAQ:MU)‘s stock had its “buy” rating reaffirmed by equities research analysts at Needham & Company LLC in a report released on Thursday, Benzinga reports. They presently have a $1,650.00 price objective on the semiconductor manufacturer’s stock. Needham & Company LLC‘s target price suggests a potential upside of 86.34% from the company’s current price.

A number of other research analysts also recently issued reports on the stock. CLSA restated an “outperform” rating and issued a $1,700.00 price target on shares of Micron Technology in a research report on Friday, October 2nd. HSBC boosted their price target on shares of Micron Technology from $1,100.00 to $1,700.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. BMO Capital Markets restated an “outperform” rating on shares of Micron Technology in a research report on Thursday, October 1st. Wolfe Research set a $1,500.00 price objective on shares of Micron Technology in a research note on Thursday, June 25th. Finally, TD Cowen reiterated a “buy” rating and issued a $1,600.00 price objective on shares of Micron Technology in a research note on Thursday, October 1st. One analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,407.88.

Micron Technology Trading Down 3.1%

Shares of NASDAQ MU traded down $28.21 during midday trading on Thursday, reaching $885.46. The stock had a trading volume of 5,772,775 shares, compared to its average volume of 40,687,746. The firm has a market cap of $1.00 trillion, a price-to-earnings ratio of 11.99, a price-to-earnings-growth ratio of 0.16 and a beta of 2.22. Micron Technology has a twelve month low of $192.59 and a twelve month high of $1,255.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.94 and a current ratio of 3.31. The company’s 50 day moving average price is $987.36 and its 200 day moving average price is $876.61.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $31.77 by $1.65. The firm had revenue of $54.23 billion for the quarter, compared to the consensus estimate of $51.33 billion. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The company’s revenue for the quarter was up 379.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, sell-side analysts expect that Micron Technology will post 177.03 EPS for the current year.

Insider Activity

In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of the business’s stock in a transaction on 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 completion of the sale, the chief executive officer owned 264,503 shares in the company, valued at approximately $256,276,956.70. The trade was a 13.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Sumit Sadana sold 15,000 shares of the business’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 sale, the executive vice president owned 191,021 shares of the company’s stock, valued at $178,469,010.09. This trade represents a 7.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 123,545 shares of company stock worth $115,750,966 in the last quarter. 0.24% of the stock is owned by corporate insiders.

Institutional Trading of Micron Technology

Hedge funds and other institutional investors have recently bought and sold shares of the business. Andar Capital Management HK Ltd increased its stake in Micron Technology by 856,960.3% during the 2nd 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 purchasing an additional 34,278,413 shares in the last quarter. Primecap Management Co. CA bought a new stake in Micron Technology during the 2nd quarter valued at $22,182,263,000. Bank of America Corp DE increased its stake in Micron Technology by 26.6% during the 2nd 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 purchasing an additional 2,136,470 shares in the last quarter. Legal & General Group Plc bought a new stake in Micron Technology during the 2nd quarter valued at $8,402,393,000. Finally, Wellington Management Group LLP increased its stake in Micron Technology by 28.7% during the 2nd quarter. Wellington Management Group LLP now owns 5,045,141 shares of the semiconductor manufacturer’s stock valued at $5,823,556,000 after purchasing an additional 1,125,414 shares in the last quarter. Institutional investors own 80.84% of the company’s stock.

Key Micron Technology News

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

• Positive Sentiment: Micron’s fiscal fourth-quarter revenue surged 379% year over year to $54.23 billion, while adjusted EPS of $33.42 exceeded expectations. Management guided to approximately $61.5 billion of revenue for the next quarter, suggesting that high-bandwidth memory (HBM), DRAM and NAND demand from AI data centers remains robust. Capacity is reportedly booked well into 2027, supporting the argument that the memory upcycle could last longer. Micron’s Earnings Reveal Why the AI Memory Boom May Last Longer
• Positive Sentiment: Analyst sentiment remains strongly bullish. Rosenblatt reaffirmed a Buy rating with a $1,900 price target, while Needham reiterated Buy with a $1,650 target. Other analysts cite tight supply, higher memory contract prices, multiyear customer commitments and potential share repurchases as additional upside catalysts. Micron Stock Moves Higher: What’s Going On?
• Positive Sentiment: Micron reached a labor agreement with a larger Taiwan union and introduced quarterly bonuses tied to company profits, reducing some risk of a broad production disruption. Its investment in U.S. critical-minerals processing also aims to strengthen supply-chain resilience. Micron Reaches Agreement With Taiwan Union
• Neutral Sentiment: Despite the earnings strength, Micron trades well below its recent peak after an extraordinary rally. Investors are weighing whether current profits and valuation can be sustained through the next memory cycle.
• Negative Sentiment: Semiconductor stocks broadly declined as markets questioned whether major AI customers can maintain infrastructure spending. Concerns that new capacity, stronger competition from China’s CXMT and eventual memory-price normalization could reduce Micron’s unusually high margins are weighing on sentiment. Why Wall Street Is Questioning AI Spending
• Negative Sentiment: A Taiwan union’s planned strike over profit-sharing remains an operational and margin risk, although the potential impact appears localized. Investors are watching whether labor costs rise enough to undermine the operating leverage expected from the AI boom. Micron Introduces Quarterly Employee Bonus Tied to Profits

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.