Micron Technology (NASDAQ:MU) Stock Rating Reaffirmed as Overweight by Cantor Fitzgerald

Micron Technology (NASDAQ:MU)‘s stock had its “overweight” rating reaffirmed by equities research analysts at Cantor Fitzgerald in a research note issued on Thursday, MarketBeat Ratings reports. They currently have a $2,000.00 price objective on the semiconductor manufacturer’s stock. Cantor Fitzgerald’s price target suggests a potential upside of 91.22% from the stock’s previous close.

MU has been the subject of a number of other research reports. Barclays increased their target price on Micron Technology from $1,175.00 to $2,000.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. Zacks Research lowered Micron Technology from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 19th. HSBC increased their target price on Micron Technology from $1,100.00 to $1,700.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Robert W. Baird increased 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, Seaport Research Partners restated a “buy” rating on shares of Micron Technology in a report on Friday, August 14th. Forty research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,378.08.

Micron Technology Price Performance

Shares of NASDAQ:MU traded down $19.22 on Thursday, reaching $1,045.89. 19,719,266 shares of the company traded hands, compared to its average volume of 41,819,254. Micron Technology has a fifty-two week low of $179.61 and a fifty-two week high of $1,255.00. The company’s 50 day moving average is $952.75 and its 200-day moving average is $814.16. The stock has a market capitalization of $1.18 trillion, a PE ratio of 23.66, a P/E/G ratio of 0.67 and a beta of 2.22. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, beating analysts’ consensus estimates of $31.72 by $1.70. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The company had revenue of $54.23 billion during the quarter, compared to the consensus estimate of $51.33 billion. During the same quarter in the prior year, the firm earned $3.03 EPS. The company’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. As a group, analysts anticipate that Micron Technology will post 73.12 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Sanjay Mehrotra sold 40,000 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the completion of the sale, the chief executive officer directly owned 264,503 shares in the company, valued at approximately $256,276,956.70. This trade represents a 13.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 sale, the executive vice president owned 191,021 shares of the company’s stock, valued at approximately $178,469,010.09. This represents a 7.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 95,879 shares of company stock worth $90,939,466. Corporate insiders own 0.24% of the company’s stock.

Institutional Trading of Micron Technology

Hedge funds and other institutional investors have recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC bought a new position in Micron Technology during the first quarter valued at about $27,000. Bullseye Investment Management LLC bought a new position in Micron Technology during the second quarter valued at about $27,000. Bayban bought a new position in Micron Technology during the fourth quarter valued at about $29,000. Financial Life Planners bought a new position in Micron Technology during the first quarter valued at about $36,000. Finally, Portus Wealth Advisors LLC bought a new position in Micron Technology during the first quarter valued at about $37,000. 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: Micron reported fiscal Q4 revenue of $54.23 billion, up 379% year over year, and adjusted EPS of $33.42, exceeding Wall Street estimates. Strong DRAM, NAND and high-bandwidth memory (HBM) demand—particularly from AI data centers—drove record sales and an 87% gross margin. Micron Q4 Earnings Beat Estimates
• Positive Sentiment: Management forecast fiscal Q1 2027 revenue of $60 billion to $63 billion and EPS of $37.15 to $39.15, above consensus expectations. The outlook suggests AI infrastructure demand and elevated memory pricing will remain strong. Micron Forecasts Quarterly Revenue Above Estimates
• Positive Sentiment: Supply is expected to remain constrained through at least 2028, with more than 75% of next year’s output already committed. Micron also has 26 strategic customer agreements covering more than 35% of projected revenue through 2030, improving visibility into future earnings and cash flow. MU Q4 Earnings Call Points to Tighter Supply
• Positive Sentiment: Analysts raised price targets following the report, including D.A. Davidson at $2,100, Cantor Fitzgerald at $2,000, Rosenblatt at $1,900, TD Cowen at $1,600 and RBC at $1,500, while maintaining bullish ratings.
• Neutral Sentiment: Micron plans roughly $25 billion in capital expenditures, including nearly $12 billion in the next quarter, to expand capacity. The investment supports long-term growth but could limit near-term free cash flow. Micron Q4 Favorable Outlook
• Negative Sentiment: The stock’s extremely strong prior rally has raised the performance bar. Investors may be selling because the earnings beat and guidance, while excellent, were not large enough to exceed lofty expectations. Concerns also include cyclical memory pricing, potential margin normalization and whether today’s supply shortage can persist as new capacity comes online. Why Micron’s Big Earnings Report Isn’t Lifting the Stock

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.