Micron Technology (NASDAQ:MU) Now Covered by Analysts at BMO Capital Markets

Equities research analysts at BMO Capital Markets initiated coverage on shares of Micron Technology (NASDAQ:MU) in a report released on Friday. The brokerage set an “outperform” rating and a $1,300.00 price target on the semiconductor manufacturer’s stock. BMO Capital Markets’ price objective would indicate a potential upside of 33.43% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. Morgan Stanley lifted their price target on Micron Technology from $1,050.00 to $1,200.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. Zacks Research downgraded Micron Technology from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Weiss Ratings restated a “buy (b)” rating on shares of Micron Technology in a report on Friday, August 7th. Rosenblatt Securities raised their target price on Micron Technology from $1,200.00 to $1,500.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Micron Technology in a research report on Monday, July 20th. Three analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Micron Technology presently has an average rating of “Buy” and an average price target of $1,261.26.

Micron Technology Stock Performance

Shares of MU stock opened at $974.33 on Friday. 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 firm has a fifty day simple moving average of $967.32 and a two-hundred day simple moving average of $694.37. Micron Technology has a 12 month low of $114.25 and a 12 month high of $1,255.00. The firm has a market capitalization of $1.10 trillion, a PE ratio of 22.06 and a beta of 2.18.

Micron Technology (NASDAQ:MU) last released its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, beating analysts’ consensus estimates of $21.39 by $3.72. The firm had revenue of $41.46 billion for the quarter, compared to analyst estimates of $35.91 billion. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The business’s quarterly revenue was up 345.8% compared to the same quarter last year. During the same period last year, the firm earned $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Analysts forecast that Micron Technology will post 72.93 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Sumit Sadana sold 15,000 shares of Micron Technology stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the sale, the executive vice president directly owned 191,021 shares in the company, valued at approximately $178,469,010.09. This trade represents a 7.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sanjay Mehrotra sold 37,439 shares of the business’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $960.38, for a total value of $35,955,666.82. Following the completion of the transaction, the chief executive officer directly owned 387,064 shares in the company, valued at approximately $371,728,524.32. This represents a 8.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 177,179 shares of company stock valued at $181,826,211 over the last quarter. Corporate insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On Micron Technology

Several institutional investors have recently bought and sold shares of the company. High Note Wealth LLC boosted its holdings in Micron Technology by 65.4% in the 4th quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 34 shares during the period. Kohmann Bosshard Financial Services LLC bought a new stake in Micron Technology during the 1st quarter valued at $27,000. Bayban purchased a new stake in shares of Micron Technology during the fourth quarter worth $29,000. Joseph Group Capital Management bought a new position in shares of Micron Technology in the fourth quarter worth $31,000. Finally, Luken Investment Analytics LLC bought a new position in shares of Micron Technology in the fourth quarter worth $31,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

More Micron Technology News

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

• Positive Sentiment: $10 billion research commitment: Micron unveiled Micron Research Labs, a Boise-based facility that will receive approximately $10 billion over the next decade. The lab will focus on memory technology, advanced packaging, computing systems and future chip manufacturing, potentially strengthening MU’s competitive position in AI infrastructure. Micron Research Labs announcement
• Positive Sentiment: AI demand supports a structural growth story: CEO Sanjay Mehrotra said AI has “totally changed” the traditionally cyclical memory industry and that AI cannot scale without memory. The comments reinforce expectations for sustained demand for high-bandwidth memory, server DRAM and data-center storage. Micron CEO discusses AI demand
• Positive Sentiment: Strong analyst and media support: D.A. Davidson analyst Gil Luria raised his MU price target to $2,000 from $1,500 while maintaining a Buy rating. Jim Cramer also called Micron “radically undervalued.” Nvidia’s upcoming Aug. 26 earnings report is viewed as a potential catalyst for AI-memory suppliers. Micron price target and Nvidia catalyst
• Neutral Sentiment: Future buyback potential: A company-specific restriction on large-scale share repurchases is scheduled to expire on Dec. 9, 2026. Investors may view that date as a future capital-return catalyst, although no significant buyback has been announced. Micron buyback restriction discussion
• Negative Sentiment: Executive selling: EVP Sumit Sadana sold 15,000 MU shares for approximately $14.0 million, reducing his direct holdings by 7.28%. While the sale may be personal or preplanned, it can weigh on sentiment. Sumit Sadana insider sale
• Negative Sentiment: Capital-return and valuation risks: Unlike SK hynix, Micron is prioritizing major manufacturing and research investments instead of immediate large-scale buybacks. Separately, Stanley Druckenmiller’s family office reportedly sold its Micron position in the second quarter, highlighting concerns about high valuation, volatility and the durability of AI-driven spending.

Micron Technology Company Profile

Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.