Micron Technology’s (MU) “Overweight” Rating Reaffirmed at Cantor Fitzgerald

Micron Technology (NASDAQ:MU)‘s stock had its “overweight” rating reissued by stock analysts at Cantor Fitzgerald in a research note issued to investors on Thursday, MarketBeat Ratings reports. They presently have a $2,000.00 price objective on the semiconductor manufacturer’s stock. Cantor Fitzgerald’s price target would suggest a potential upside of 92.31% from the company’s current price.

MU has been the subject of several other reports. Stifel Nicolaus upped their price objective on shares of Micron Technology from $550.00 to $1,500.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. Morgan Stanley reissued an “overweight” rating on shares of Micron Technology in a research report on Thursday. Erste Group Bank raised Micron Technology from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. HSBC boosted their target price on shares of Micron Technology from $1,100.00 to $1,700.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Finally, Wolfe Research set a $1,500.00 target price on shares of Micron Technology in a research report on Thursday, June 25th. Forty investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Micron Technology presently has an average rating of “Moderate Buy” and a consensus price target of $1,378.08.

Micron Technology Stock Down 2.4%

Shares of Micron Technology stock traded down $25.14 during trading on Thursday, hitting $1,039.97. 11,863,491 shares of the stock traded hands, compared to its average volume of 41,762,035. The stock has a market cap of $1.17 trillion, a P/E ratio of 23.38, a PEG ratio of 0.67 and a beta of 2.22. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.98 and a current ratio of 3.42. Micron Technology has a twelve month low of $179.61 and a twelve month high of $1,255.00. The company has a fifty day moving average price of $952.75 and a two-hundred day moving average price of $814.16.

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

Insider Buying and Selling at Micron Technology

In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were 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. This trade represents a 13.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Sumit Sadana sold 15,000 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total value 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. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 95,879 shares of company stock worth $90,939,466. 0.24% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. M.E. Allison & CO. Inc. boosted its position in Micron Technology by 0.8% in the 2nd quarter. M.E. Allison & CO. Inc. now owns 1,324 shares of the semiconductor manufacturer’s stock valued at $1,528,000 after buying an additional 11 shares during the last quarter. Cherrydale Wealth Management LLC lifted its position in Micron Technology by 1.4% during the 2nd quarter. Cherrydale Wealth Management LLC now owns 972 shares of the semiconductor manufacturer’s stock valued at $1,122,000 after purchasing an additional 13 shares during the period. Bellevue Asset Management LLC lifted its position in Micron Technology by 25.5% during the 2nd quarter. Bellevue Asset Management LLC now owns 64 shares of the semiconductor manufacturer’s stock valued at $74,000 after purchasing an additional 13 shares during the period. Mowery & Schoenfeld Wealth Management LLC lifted its position in Micron Technology by 8.8% during the 2nd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 161 shares of the semiconductor manufacturer’s stock valued at $186,000 after purchasing an additional 13 shares during the period. Finally, Red Door Wealth Management LLC raised its stake in shares of Micron Technology by 0.7% during the second quarter. Red Door Wealth Management LLC now owns 1,914 shares of the semiconductor manufacturer’s stock worth $2,209,000 after buying an additional 14 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors.

More Micron Technology News

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

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.