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

Micron Technology (NASDAQ:MU)‘s stock had its “buy” rating reaffirmed by equities researchers at Needham & Company LLC in a research note issued on Thursday, Benzinga reports. They presently have a $1,650.00 target price on the semiconductor manufacturer’s stock. Needham & Company LLC‘s target price suggests a potential upside of 80.59% from the stock’s current price.

A number of other equities analysts have also commented on the company. UBS Group reaffirmed a “buy” rating and issued a $1,625.00 price objective (up from $535.00) on shares of Micron Technology in a research note on Wednesday, September 23rd. Seaport Research Partners reaffirmed a “buy” rating on shares of Micron Technology in a research note on Friday, August 14th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Micron Technology in a research note on Thursday, October 1st. KeyCorp reaffirmed an “overweight” rating on shares of Micron Technology in a research note on Thursday, October 1st. Finally, Wedbush reaffirmed an “outperform” rating and issued a $1,400.00 price objective on shares of Micron Technology in a research note on Monday, September 28th. One analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Micron Technology presently has an average rating of “Moderate Buy” and a consensus target price of $1,407.88.

Micron Technology Price Performance

Micron Technology stock opened at $913.67 on Thursday. The stock’s 50 day moving average is $987.36 and its 200 day moving average is $876.61. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.31 and a quick ratio of 2.94. The firm has a market cap of $1.03 trillion, a P/E ratio of 12.31, a P/E/G ratio of 0.16 and a beta of 2.22. Micron Technology has a one year low of $192.40 and a one year high of $1,255.00.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, topping analysts’ consensus estimates of $31.77 by $1.65. The company had revenue of $54.23 billion for the quarter, compared to analyst estimates of $51.33 billion. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The firm’s quarterly revenue was up 379.1% on a year-over-year basis. During the same period in the previous year, the firm earned $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, research analysts expect that Micron Technology will post 177.03 EPS for the current year.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of the business’s 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 transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Scott Deboer sold 28,545 shares of the company’s stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $900.00, for a total value of $25,690,500.00. Following the transaction, the insider directly owned 147,430 shares in the company, valued at $132,687,000. The trade was a 16.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 123,545 shares of company stock valued at $115,750,966. 0.24% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Micron Technology

Institutional investors have recently modified their holdings of the company. Denali Advisors LLC acquired a new position in shares of Micron Technology during the second quarter worth approximately $7,364,000. Castleark Management LLC acquired a new position in shares of Micron Technology during the first quarter worth approximately $3,709,000. Oppenheimer & Co. Inc. raised its position in shares of Micron Technology by 16.0% during the second quarter. Oppenheimer & Co. Inc. now owns 48,520 shares of the semiconductor manufacturer’s stock worth $56,006,000 after purchasing an additional 6,702 shares during the period. Legacy Wealth Management LLC MS raised its position in shares of Micron Technology by 73.3% during the second quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer’s stock worth $4,091,000 after purchasing an additional 1,499 shares during the period. Finally, Franklin Street Advisors Inc. NC raised its position in shares of Micron Technology by 2,461.4% during the second quarter. Franklin Street Advisors Inc. NC now owns 37,141 shares of the semiconductor manufacturer’s stock worth $42,871,000 after purchasing an additional 35,691 shares during the period. 80.84% of the stock is owned by institutional investors and hedge funds.

Micron Technology News Roundup

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

• Positive Sentiment: Analysts remain highly bullish, with Cantor Fitzgerald’s C.J. Muse reportedly forecasting roughly 120% upside and another analyst suggesting Micron could potentially triple from current levels. The bullish case rests on tight DRAM and HBM supply, rising contract prices, strong AI demand and potential share buybacks. Micron Stock Falls But Don’t Worry, It Will Triple From Here Says Analyst
• Positive Sentiment: ASML said semiconductor and memory demand could exceed supply through at least 2028, reinforcing expectations that Micron’s AI-related memory upcycle may continue. Micron’s DRAM, HBM and NAND technology roadmap, including planned next-generation 3D DRAM products in 2027, is adding to its long-term growth narrative. ASML Has Incredible News for Nvidia Stock and Micron Stock Investors
• Positive Sentiment: Micron’s latest results substantially exceeded expectations, with $33.42 in adjusted EPS versus a $31.77 estimate and $54.23 billion in revenue versus a $51.33 billion estimate. Revenue increased 379.1% year over year, while fiscal first-quarter 2027 EPS guidance is $37.15 to $39.15. Micron and Nvidia Are the 2 Biggest Drivers of S&P 500 Earnings Growth
• Positive Sentiment: The company reached a labor-management agreement with a Taiwan union, reducing the immediate risk of a production-disrupting strike. Micron also introduced a quarterly employee bonus tied to company profits, which could improve labor relations but may increase compensation costs when profitability is strong. Micron Introduces Quarterly Employee Bonus Tied to Profits
• Positive Sentiment: Micron invested in Indium Corporation’s New York critical-minerals processing expansion as part of its planned U.S. supply-chain spending. The initiative is intended to secure materials for advanced memory manufacturing and reduce supply-chain exposure. Micron Invests in New York Critical Minerals Processing
• Neutral Sentiment: Despite the earnings surge and more than tripling during 2026, Micron has lost ground recently. Investors are debating whether the stock’s gains—more than 1,200% over three years—already discount future cash flow and whether memory-industry profits can remain at current levels. Micron Stock Looks Fully Valued After a Critical Minerals Deal
• Negative Sentiment: An insider sold 28,545 shares for approximately $25.7 million, reducing his position by 16.22%. The sale is not necessarily a fundamental warning, but it adds to investor caution after the stock’s sharp run. Micron Technology Insider Sells 28,545 Shares
• Negative Sentiment: Broader AI and chip-stock selling continues to raise concerns about stretched valuations, the durability of AI infrastructure spending and future competition from China’s CXMT in server memory. These risks could pressure pricing and margins as new capacity comes online.

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.