Micron Technology (NASDAQ:MU) Upgraded at CLSA

CLSA upgraded shares of Micron Technology (NASDAQ:MU) to a moderate buy rating in a report published on Friday morning,Zacks reports.

A number of other research firms also recently issued reports on MU. Itau BBA Securities boosted their price target on Micron Technology from $1,243.78 to $1,697.09 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Morgan Stanley reiterated an “overweight” rating and issued a $1,200.00 price objective on shares of Micron Technology in a research note on Thursday. William Blair set a $1,300.00 price objective on shares of Micron Technology in a report on Thursday. ThinkEquity restated a “buy” rating on shares of Micron Technology in a research report on Monday, August 3rd. Finally, Wedbush reaffirmed an “outperform” rating and set a $1,400.00 target price on shares of Micron Technology in a report on Monday, September 28th. Forty-one investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,385.93.

Micron Technology Stock Performance

MU stock opened at $1,074.89 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.31 and a quick ratio of 2.94. Micron Technology has a 1 year low of $179.61 and a 1 year high of $1,255.00. The company has a market cap of $1.21 trillion, a P/E ratio of 14.48, a price-to-earnings-growth ratio of 0.20 and a beta of 2.22. The stock’s fifty day moving average price is $957.97 and its 200-day moving average price is $823.35.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 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 during the quarter, compared to analysts’ expectations of $51.33 billion. During the same quarter in the prior year, the business earned $3.03 earnings per share. Micron Technology’s revenue for the quarter 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. On average, equities analysts forecast that Micron Technology will post 165.51 earnings per share for the current year.

Micron Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Wednesday, October 14th will be paid a $0.15 dividend. The ex-dividend date is Wednesday, October 14th. This represents a $0.60 annualized dividend and a yield of 0.1%. Micron Technology’s payout ratio is presently 0.81%.

Insider Buying and Selling at Micron Technology

In other news, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology stock in a transaction dated 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 sale, the chief executive officer directly owned 264,503 shares of the company’s stock, valued at approximately $256,276,956.70. The trade was a 13.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Scott R. Allen sold 879 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief accounting officer owned 34,958 shares in the company, valued at $34,958,000. This represents a 2.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 95,879 shares of company stock valued at $90,939,466 in the last 90 days. Insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On Micron Technology

Institutional investors have recently added to or reduced their stakes in the company. 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 valued at $39,571,847,000 after purchasing an additional 34,278,413 shares in the last quarter. Primecap Management Co. CA purchased a new stake in Micron Technology during the second quarter valued at $22,182,263,000. Legal & General Group Plc bought a new position in Micron Technology during the second quarter valued at $8,402,393,000. Situational Awareness LP lifted its position in Micron Technology by 1,149.0% during the second quarter. Situational Awareness LP now owns 4,828,786 shares of the semiconductor manufacturer’s stock valued at $5,573,819,000 after purchasing an additional 5,289,124 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Micron Technology in the 2nd quarter worth $3,761,237,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Micron Technology News Summary

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

• Positive Sentiment: Record earnings and stronger guidance: Micron reported $54.23 billion in quarterly revenue, up 379% year over year, and adjusted EPS of $33.42, exceeding expectations. Its fiscal Q1 2027 outlook—approximately $61.5 billion in revenue and $38.15 in adjusted EPS at the midpoint—also topped analyst forecasts. Micron Technology Tops Lofty Fiscal Q4 Goals, Guides Above Views
• Positive Sentiment: AI demand remains powerful: High-bandwidth memory, data-center products and NAND pricing drove the results, while management said more than 75% of 2027 output is already committed. Customer discussions are extending into 2028, supporting expectations for sustained tight supply and pricing power. Micron’s Earnings Reveal Why the AI Memory Boom May Last Longer
• Positive Sentiment: Visibility and capital returns: Strategic customer agreements cover more than 35% of projected 2030 revenue, backed by roughly $32 billion in customer commitments. Micron also plans to increase share repurchases after reaching its cash target, potentially providing an additional catalyst. Micron Plans to Put Its Excess Cash Into Buybacks
• Positive Sentiment: Analyst optimism: Several firms raised targets, including DA Davidson at $2,100, Cantor Fitzgerald at $2,000 and Rosenblatt at $1,900, citing a potentially longer AI memory cycle.
• Neutral Sentiment: Longer-term opportunities: Micron sees additional memory demand from humanoid robots, autonomous vehicles and other “physical AI” applications later this decade. The company also declared a $0.15 quarterly dividend, with October 14 the ex-dividend date.
• Negative Sentiment: Cycle and margin concerns are limiting the reaction: Investors worry that current pricing and the 87% gross margin are unsustainably high for a cyclical semiconductor business. Analysts caution that additional industry capacity or slowing memory prices in 2027 could pressure earnings.
• Negative Sentiment: Expectations are elevated: After a dramatic rally, even a major beat has produced profit-taking. Heavy planned capital spending, broader market pressure from rising Treasury yields and a bearish options position disclosed by Michael Burry are adding volatility.

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.