Micron Technology (NASDAQ:MU) Given Overweight Rating at Cantor Fitzgerald

Micron Technology (NASDAQ:MU)‘s stock had its “overweight” rating reissued by investment analysts at Cantor Fitzgerald in a note issued to investors on Thursday, MarketBeat.com reports. They presently have a $2,000.00 target price on the semiconductor manufacturer’s stock. Cantor Fitzgerald’s price target would indicate a potential upside of 91.54% from the company’s previous close.

Other equities analysts have also issued reports about the company. Morgan Stanley reaffirmed an “overweight” rating on shares of Micron Technology in a report on Thursday. Erste Group Bank raised Micron Technology from a “hold” rating to a “buy” rating in a report on Thursday, June 25th. Daiwa Securities Group upped their target price on Micron Technology from $1,600.00 to $1,700.00 and gave the company a “buy” rating in a report on Friday, July 17th. Robert W. Baird upped their target price on Micron Technology from $1,280.00 to $1,520.00 and gave the company an “outperform” rating in a report on Monday. Finally, Arete Research upped their target price on Micron Technology from $852.00 to $1,500.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Forty equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,378.08.

Micron Technology Stock Down 2.0%

Micron Technology stock traded down $20.96 during midday trading on Thursday, hitting $1,044.15. The stock had a trading volume of 15,276,177 shares, compared to its average volume of 41,791,734. 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 stock has a market cap of $1.18 trillion, a P/E ratio of 23.64, a P/E/G ratio of 0.67 and a beta of 2.22. Micron Technology has a 12 month low of $179.61 and a 12 month high of $1,255.00. The business has a fifty day moving average price of $952.75 and a 200 day moving average price of $814.16.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, beating the consensus estimate of $31.72 by $1.70. The firm had revenue of $54.23 billion during the quarter, compared to analyst estimates of $51.33 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.Micron Technology’s quarterly revenue was up 379.1% on a year-over-year basis. During the same period in the previous year, the company earned $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Research analysts predict that Micron Technology will post 73.12 EPS for the current year.

Insider Transactions at Micron Technology

In other 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 directly owned 191,021 shares in the company, valued at approximately $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 SEC, which is accessible through the SEC website. Also, CAO Scott Allen sold 879 shares of the business’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 transaction, the chief accounting officer owned 34,958 shares of the company’s stock, valued at approximately $34,958,000. This represents a 2.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 95,879 shares of company stock worth $90,939,466. Company insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Micron Technology

A number of institutional investors have recently added to or reduced their stakes in the company. Greenwich Wealth Management LLC lifted its position in Micron Technology by 3.0% in the second quarter. Greenwich Wealth Management LLC now owns 1,253 shares of the semiconductor manufacturer’s stock worth $1,446,000 after purchasing an additional 36 shares during the period. QRG Capital Management Inc. lifted its position in Micron Technology by 5.0% in the second quarter. QRG Capital Management Inc. now owns 216,617 shares of the semiconductor manufacturer’s stock worth $250,039,000 after purchasing an additional 10,384 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in Micron Technology by 317.5% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 39,606 shares of the semiconductor manufacturer’s stock worth $45,716,000 after purchasing an additional 30,119 shares during the period. Envestnet Asset Management Inc. lifted its position in Micron Technology by 14.6% in the second quarter. Envestnet Asset Management Inc. now owns 756,236 shares of the semiconductor manufacturer’s stock worth $872,906,000 after purchasing an additional 96,472 shares during the period. Finally, Silicon Valley Capital Partners lifted its position in Micron Technology by 12.3% in the second quarter. Silicon Valley Capital Partners now owns 7,387 shares of the semiconductor manufacturer’s stock worth $8,527,000 after purchasing an additional 809 shares during the period. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology News Summary

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

• Positive Sentiment: Micron reported record fiscal Q4 revenue of $54.23 billion, up 379% year over year, and adjusted EPS of $33.42, exceeding consensus estimates of $51.33 billion and $31.72, respectively. Data-center demand and high-bandwidth memory sales tied to AI infrastructure were the primary growth drivers. Micron beats on revenue and earnings as global memory shortage continues
• Positive Sentiment: Management issued fiscal Q1 2027 revenue guidance of $60 billion-$63 billion and EPS guidance of $37.15-$39.15, both above Wall Street expectations. More than 75% of next year’s output is reportedly committed, while management expects tight memory supply to persist into 2027 and potentially 2028. Micron forecasts quarterly revenue above estimates
• Positive Sentiment: Analysts raised their outlooks following the results. D.A. Davidson lifted its price target to $2,100 from $2,000 with a Buy rating; Rosenblatt raised its target to $1,900 from $1,500; and Cantor Fitzgerald reiterated Overweight with a $2,000 target. These actions reinforce the bullish view on AI memory demand and pricing power. D.A. Davidson raises Micron forecast
• Neutral Sentiment: Micron declared a quarterly dividend of $0.15 per share, or $0.60 annualized, with payment scheduled for October 29. The dividend provides limited income support given the approximately 0.1% yield.
• Negative Sentiment: The muted share reaction reflects how much optimism was already priced in after a major rally. Investors are also focused on a slight sequential gross-margin decline in the forecast, aggressive capital spending, possible future supply increases and the cyclical nature of memory pricing. Michael Burry’s bearish put position and a Netlist complaint seeking to restrict imports of certain Micron chips add further uncertainty. Why Micron stock fell despite strong results

About Micron Technology

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.