Zacks Research Downgrades Micron Technology (NASDAQ:MU) to Hold

Micron Technology (NASDAQ:MU) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the company. Wells Fargo & Company upped their price target on Micron Technology from $1,220.00 to $1,525.00 and gave the stock an “overweight” rating in a report on Thursday, June 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Micron Technology in a report on Friday, August 7th. DA Davidson boosted their target price on Micron Technology from $1,500.00 to $2,000.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Morgan Stanley upped their target price on Micron Technology from $1,050.00 to $1,200.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. Finally, Seaport Research Partners restated a “buy” rating on shares of Micron Technology in a research report on Friday, August 14th. Three research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Micron Technology currently has an average rating of “Buy” and a consensus target price of $1,259.97.

Micron Technology Stock Performance

Shares of MU opened at $974.33 on Wednesday. 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 has a 52-week low of $114.25 and a 52-week high of $1,255.00. The company has a 50-day simple moving average of $967.32 and a 200-day simple moving average of $694.37. The company 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 issued its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, topping the consensus estimate of $21.39 by $3.72. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The company had revenue of $41.46 billion for the quarter, compared to analyst estimates of $35.91 billion. During the same period in the prior year, the business posted $1.91 earnings per share. The firm’s revenue for the quarter was up 345.8% compared to the same quarter last year. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Equities research analysts predict that Micron Technology will post 72.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, CEO Sanjay Mehrotra sold 31,285 shares of the business’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $926.83, for a total value of $28,995,876.55. Following the completion of the transaction, the chief executive officer directly owned 313,218 shares in the company, valued at approximately $290,299,838.94. The trade was a 9.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP April S. Arnzen sold 40,000 shares of the stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $1,083.94, for a total value of $43,357,600.00. Following the transaction, the executive vice president directly owned 85,737 shares in the company, valued at approximately $92,933,763.78. This represents a 31.81% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 177,179 shares of company stock valued at $181,826,211. 0.24% of the stock is owned by company insiders.

Hedge Funds Weigh In On Micron Technology

Several large investors have recently added to or reduced their stakes in MU. Vanguard Group Inc. boosted its position in shares of Micron Technology by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer’s stock worth $30,427,016,000 after acquiring an additional 1,954,644 shares during the last quarter. State Street Corp grew its holdings in Micron Technology by 2.1% in the fourth quarter. State Street Corp now owns 52,749,817 shares of the semiconductor manufacturer’s stock valued at $15,061,310,000 after purchasing an additional 1,090,644 shares during the period. Andar Capital Management HK Ltd increased its position in Micron Technology by 856,960.3% during the second quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer’s stock worth $39,571,847,000 after purchasing an additional 34,278,413 shares during the last quarter. Norges Bank acquired a new position in Micron Technology during the fourth quarter worth approximately $6,433,456,000. Finally, Primecap Management Co. CA purchased a new position in Micron Technology during the second quarter worth approximately $22,182,263,000. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Micron Technology News Roundup

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.

About Micron Technology

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.