Micron Technology’s (MU) Overweight Rating Reiterated at Cantor Fitzgerald

Micron Technology (NASDAQ:MU)‘s stock had its “overweight” rating restated by analysts at Cantor Fitzgerald in a report released on Thursday, MarketBeat reports. They presently have a $2,000.00 price objective on the semiconductor manufacturer’s stock. Cantor Fitzgerald’s price objective indicates a potential upside of 86.07% from the stock’s current price.

Other research analysts have also issued reports about the company. The Goldman Sachs Group set a $1,250.00 target price on Micron Technology in a report on Thursday. UBS Group reiterated a “buy” rating and set a $1,625.00 target price (up from $535.00) on shares of Micron Technology in a report on Wednesday, September 23rd. Wolfe Research set a $1,500.00 target price on Micron Technology in a report on Thursday, June 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Micron Technology in a research note on Friday, August 7th. Finally, President Capital lifted their price target on shares of Micron Technology to $1,500.00 and gave the company a “buy” rating in a research note on Friday, July 17th. Forty-one analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Micron Technology currently has an average rating of “Moderate Buy” and an average target price of $1,385.93.

Micron Technology Trading Down 2.1%

Micron Technology stock traded down $22.50 during midday trading on Thursday, hitting $1,074.89. 27,169,271 shares of the stock were exchanged, compared to its average volume of 41,884,055. The company has a fifty day simple moving average of $957.97 and a two-hundred day simple moving average of $820.68. Micron Technology has a 52 week low of $179.61 and a 52 week high of $1,255.00. The stock has a market capitalization of $1.21 trillion, a PE ratio of 14.48, a P/E/G ratio of 0.66 and a beta of 2.22. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05.

Micron Technology (NASDAQ:MU) last released its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share 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 110.90%. The business had revenue of $54.23 billion for the quarter, compared to analyst estimates of $51.33 billion. During the same quarter last year, the firm earned $3.03 EPS. Micron Technology’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. Equities research analysts anticipate that Micron Technology will post 160.39 EPS for the current fiscal year.

Insiders Place Their Bets

In other Micron Technology news, CAO Scott R. Allen sold 879 shares of the company’s stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total value of $879,000.00. Following the sale, the chief accounting officer owned 34,958 shares in the company, valued at $34,958,000. This represents a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Sumit Sadana sold 15,000 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $178,469,010.09. This represents a 7.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 95,879 shares of company stock valued at $90,939,466. 0.24% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Micron Technology

Several large investors have recently modified their holdings of the stock. Denali Advisors LLC bought a new position in shares of Micron Technology during the second quarter worth approximately $7,364,000. Castleark Management LLC bought a new position in shares of Micron Technology during the first quarter worth approximately $3,709,000. Oppenheimer & Co. Inc. increased its stake in shares of Micron Technology by 16.0% during the second quarter. Oppenheimer & Co. Inc. now owns 48,520 shares of the semiconductor manufacturer’s stock worth $56,006,000 after purchasing an additional 6,702 shares during the period. Legacy Wealth Management LLC MS increased its stake in shares of Micron Technology by 73.3% during the second quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer’s stock worth $4,091,000 after purchasing an additional 1,499 shares during the period. Finally, Franklin Street Advisors Inc. NC increased its position in Micron Technology by 2,461.4% during the second quarter. Franklin Street Advisors Inc. NC now owns 37,141 shares of the semiconductor manufacturer’s stock worth $42,871,000 after acquiring an additional 35,691 shares during the period. 80.84% of the stock is owned by institutional investors.

Micron Technology News Summary

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

• Positive Sentiment: Record earnings and stronger guidance: Micron reported $54.23 billion in quarterly revenue, up 379% year over year, and adjusted EPS of $33.42, exceeding expectations. Its fiscal Q1 2027 outlook—approximately $61.5 billion in revenue and $38.15 in adjusted EPS at the midpoint—also topped analyst forecasts. Micron Technology Tops Lofty Fiscal Q4 Goals, Guides Above Views
• Positive Sentiment: AI demand remains powerful: High-bandwidth memory, data-center products and NAND pricing drove the results, while management said more than 75% of 2027 output is already committed. Customer discussions are extending into 2028, supporting expectations for sustained tight supply and pricing power. Micron’s Earnings Reveal Why the AI Memory Boom May Last Longer
• Positive Sentiment: Visibility and capital returns: Strategic customer agreements cover more than 35% of projected 2030 revenue, backed by roughly $32 billion in customer commitments. Micron also plans to increase share repurchases after reaching its cash target, potentially providing an additional catalyst. Micron Plans to Put Its Excess Cash Into Buybacks
• Positive Sentiment: Analyst optimism: Several firms raised targets, including DA Davidson at $2,100, Cantor Fitzgerald at $2,000 and Rosenblatt at $1,900, citing a potentially longer AI memory cycle.
• Neutral Sentiment: Longer-term opportunities: Micron sees additional memory demand from humanoid robots, autonomous vehicles and other “physical AI” applications later this decade. The company also declared a $0.15 quarterly dividend, with October 14 the ex-dividend date.
• Negative Sentiment: Cycle and margin concerns are limiting the reaction: Investors worry that current pricing and the 87% gross margin are unsustainably high for a cyclical semiconductor business. Analysts caution that additional industry capacity or slowing memory prices in 2027 could pressure earnings.
• Negative Sentiment: Expectations are elevated: After a dramatic rally, even a major beat has produced profit-taking. Heavy planned capital spending, broader market pressure from rising Treasury yields and a bearish options position disclosed by Michael Burry are adding volatility.

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.