Micron Technology’s (MU) “Buy” Rating Reaffirmed at Needham & Company LLC

Micron Technology (NASDAQ:MU)‘s stock had its “buy” rating reissued 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 price objective indicates a potential upside of 84.04% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on the stock. Wolfe Research set a $1,500.00 price objective on shares of Micron Technology in a report on Thursday, June 25th. Citigroup boosted their price target on Micron Technology from $1,150.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Wednesday, September 23rd. Royal Bank Of Canada reissued an “outperform” rating and issued a $1,500.00 price target on shares of Micron Technology in a research report on Thursday, October 1st. KeyCorp restated an “overweight” rating on shares of Micron Technology in a research note on Thursday, October 1st. Finally, BNP Paribas Exane raised their price objective on Micron Technology from $615.00 to $1,700.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,407.88.

Micron Technology Stock Performance

Shares of MU stock opened at $896.54 on Thursday. The company has a market capitalization of $1.01 trillion, a P/E ratio of 12.06, a PEG ratio of 0.16 and a beta of 2.22. Micron Technology has a fifty-two week low of $192.59 and a fifty-two week 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 stock has a 50 day moving average price of $987.36 and a two-hundred day moving average price of $876.61.

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, beating analysts’ consensus estimates of $31.77 by $1.65. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The company had revenue of $54.23 billion for the quarter, compared to the consensus estimate of $51.33 billion. During the same quarter in the previous year, the business earned $3.03 EPS. Micron Technology’s 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. Analysts expect that Micron Technology will post 177.03 earnings per share for the current year.

Insider Transactions at Micron Technology

In other Micron Technology news, EVP Sumit Sadana sold 15,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 191,021 shares in the company, valued at $178,469,010.09. The trade was a 7.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $968.90, for a total value 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 123,545 shares of company stock valued at $115,750,966. 0.24% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Micron Technology

A number of large investors have recently bought and sold shares of the business. Andar Capital Management HK Ltd grew its holdings in shares of Micron Technology by 856,960.3% in 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. Primecap Management Co. CA bought a new stake in Micron Technology during the 2nd quarter valued at about $22,182,263,000. Bank of America Corp DE lifted its holdings 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 buying 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 about $8,402,393,000. Finally, Wellington Management Group LLP boosted its position in Micron Technology by 28.7% in 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 buying an additional 1,125,414 shares during the period. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Trending Headlines about Micron Technology

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

About Micron Technology

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.