Micron Technology (NASDAQ:MU) Stock Rating Upgraded by Zacks Research

Micron Technology (NASDAQ:MU) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Tuesday, Zacks reports.

Several other analysts have also issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Micron Technology from $550.00 to $1,540.00 and gave the stock an “overweight” rating in a research note on Thursday, June 25th. Mizuho raised their price target on shares of Micron Technology from $1,300.00 to $1,400.00 and gave the company an “outperform” rating in a research report on Thursday, October 1st. New Street Research upgraded shares of Micron Technology from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $470.00 to $1,250.00 in a report on Friday, August 14th. KeyCorp reaffirmed an “overweight” rating on shares of Micron Technology in a research report on Thursday, October 1st. Finally, Raymond James Financial reissued an “outperform” rating on shares of Micron Technology in a research report on Thursday, October 1st. One research analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,407.88.

Micron Technology Stock Up 4.1%

Shares of NASDAQ:MU opened at $1,088.00 on Tuesday. The stock has a market cap of $1.23 trillion, a price-to-earnings ratio of 14.66, a PEG ratio of 0.18 and a beta of 2.22. The company has a quick ratio of 2.94, a current ratio of 3.31 and a debt-to-equity ratio of 0.03. Micron Technology has a 12-month low of $179.61 and a 12-month high of $1,255.00. The business’s 50 day moving average is $972.71 and its 200 day moving average is $836.22.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $31.77 by $1.65. The business had revenue of $54.23 billion during the quarter, compared to the consensus estimate of $51.33 billion. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%.Micron Technology’s revenue was up 379.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. On average, sell-side analysts forecast that Micron Technology will post 175.82 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Micron Technology news, CAO Scott R. Allen sold 879 shares of the business’s stock in a transaction 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 directly owned 34,958 shares in the company, valued at $34,958,000. The trade was a 2.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Sumit Sadana sold 15,000 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total value of $14,014,350.00. Following the transaction, the executive vice president owned 191,021 shares of the company’s stock, valued at $178,469,010.09. The trade was a 7.28% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 95,879 shares of company stock valued at $90,939,466. 0.24% of the stock is owned by company insiders.

Institutional Investors Weigh In On Micron Technology

Several institutional investors have recently added to or reduced their stakes in the business. Andar Capital Management HK Ltd raised its stake in shares of 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 during the period. Primecap Management Co. CA purchased a new position in Micron Technology during the 2nd quarter valued at about $22,182,263,000. Legal & General Group Plc bought a new stake in shares of Micron Technology during the second quarter valued at about $8,402,393,000. Situational Awareness LP lifted its holdings in shares of Micron Technology by 1,149.0% in the second quarter. Situational Awareness LP now owns 4,828,786 shares of the semiconductor manufacturer’s stock worth $5,573,819,000 after buying an additional 5,289,124 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in shares of Micron Technology in the second quarter valued at approximately $3,761,237,000. 80.84% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Micron Technology

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

• Positive Sentiment: DA Davidson raised its price target to $3,000 from $2,100 and maintained a Buy rating, citing expectations that AI infrastructure demand will keep memory supply below demand through 2028. Why is Micron stock rising on Wednesday?
• Positive Sentiment: Investors are increasingly viewing Micron’s AI-related growth as more durable than a traditional memory cycle. More than 75% of fiscal 2027 shipments are reportedly committed, customers are discussing 2028 allocations, and data-center SSDs, DRAM and high-bandwidth memory are benefiting from expanding AI workloads. Micron’s Latest Earnings Reveal Why the AI Memory Supercycle Could Run for Years
• Positive Sentiment: Recent results reinforced the growth narrative: fiscal fourth-quarter revenue reached $54.23 billion and adjusted EPS was $33.42, while first-quarter fiscal 2027 guidance calls for $60 billion–$63 billion of revenue and $37.15–$39.15 of EPS. Tight supply, AI demand and potential future buybacks remain important supports. Micron’s profits surge as Meta’s AI spending accelerates
• Neutral Sentiment: Micron agreed to pay Netlist $600 million under a five-year patent license and settlement, resolving litigation but creating a significant cash expense. Micron Technology, Netlist Settle Patent Dispute for $600 Million
• Negative Sentiment: Workers at Micron’s Taiwan plants authorized a strike over bonus negotiations. No walkout has been announced, but Taiwan accounts for a substantial portion of production, creating execution and supply-disruption risk. Micron’s Taoyuan union in Taiwan secures authorisation to strike
• Negative Sentiment: Valuation and cycle concerns remain: skeptics warn that memory prices and gross margins may be nearing a peak as new capacity arrives, while some investors view the stock’s large multi-year rally as pricing in substantial future growth. Micron: The Memory Cycle Is Approaching Its Peak

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.