Needham & Company LLC Reaffirms “Buy” Rating for Micron Technology (NASDAQ:MU)

Micron Technology (NASDAQ:MU)‘s stock had its “buy” rating restated by equities researchers at Needham & Company LLC in a report issued on Thursday, Benzinga reports. They currently have a $1,650.00 price objective on the semiconductor manufacturer’s stock. Needham & Company LLC‘s target price would suggest a potential upside of 81.21% from the stock’s previous close.

A number of other research analysts have also recently issued reports on MU. Argus decreased their target price on Micron Technology from $1,500.00 to $540.00 and set a “buy” rating for the company in a research note on Thursday, June 25th. BNP Paribas Exane boosted their target price on Micron Technology from $615.00 to $1,700.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. Wolfe Research set a $1,500.00 target price on Micron Technology in a research note on Thursday, June 25th. Morgan Stanley reissued an “overweight” rating and issued a $1,200.00 target price on shares of Micron Technology in a research note on Thursday, October 1st. Finally, Mizuho boosted their target price on Micron Technology from $1,300.00 to $1,400.00 and gave the company an “outperform” rating in a research note on Thursday, October 1st. One analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Micron Technology has a consensus rating of “Moderate Buy” and an average price target of $1,407.88.

Micron Technology Trading Up 3.8%

Shares of Micron Technology stock traded up $33.02 during trading on Thursday, reaching $910.57. 9,544,946 shares of the company were exchanged, compared to its average volume of 40,569,316. The company has a quick ratio of 2.94, a current ratio of 3.31 and a debt-to-equity ratio of 0.03. Micron Technology has a twelve month low of $192.59 and a twelve month high of $1,255.00. The business has a 50-day moving average price of $983.61 and a 200-day moving average price of $883.59. The firm has a market capitalization of $1.03 trillion, a price-to-earnings ratio of 12.26, a P/E/G ratio of 0.15 and a beta of 2.22.

Micron Technology (NASDAQ:MU) last announced 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. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The business had revenue of $54.23 billion during the quarter, compared to analysts’ expectations of $51.33 billion. During the same period in the previous year, the firm earned $3.03 earnings per share. The firm’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. Sell-side analysts anticipate that Micron Technology will post 177.03 EPS for the current fiscal year.

Insider Transactions at Micron Technology

In other news, insider Scott Deboer sold 28,545 shares of the company’s stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $900.00, for a total transaction of $25,690,500.00. Following the completion of the transaction, the insider directly owned 147,430 shares of the company’s stock, valued at $132,687,000. This represents a 16.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Sumit Sadana sold 15,000 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president directly owned 191,021 shares of the company’s stock, valued at $178,469,010.09. This represents a 7.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 83,545 shares of company stock valued at $78,460,850 over the last three months. Company insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of MU. Andar Capital Management HK Ltd boosted its position in shares of Micron Technology by 856,960.3% during the second quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer’s stock worth $39,571,847,000 after buying an additional 34,278,413 shares during the period. Primecap Management Co. CA acquired a new position in shares of Micron Technology during the second quarter worth about $22,182,263,000. Legal & General Group Plc acquired a new position in shares of Micron Technology during the second quarter worth about $8,402,393,000. Situational Awareness LP boosted its position in shares of 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 worth $5,573,819,000 after buying an additional 5,289,124 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Micron Technology during the second quarter worth about $3,761,237,000. 80.84% of the stock is owned by institutional investors and hedge funds.

More Micron Technology News

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

• Positive Sentiment: Micron’s latest quarter was described as a record period for revenue, profit and gross margin, reinforcing the company’s exposure to fast-growing AI infrastructure demand. Micron Just Delivered a Monster Quarter, but the Stock Is Plummeting. The Reason Is Obvious.
• Positive Sentiment: Several bullish commentaries argue that high-bandwidth memory demand, persistent supply tightness and Micron’s position in AI servers could support substantial earnings growth through 2030, with some analysts maintaining targets near or above $1,000. Here’s What a $10,000 Investment in Micron Stock Will Be Worth by 2030
• Positive Sentiment: AI-assisted engineering reportedly reduced data-center SSD development time by 60%, potentially improving product cycles and efficiency. Micron’s strategy to stabilize its business is also viewed favorably by bullish investors. Micron Says AI Cut Its Data Center SSD Development Time by 60%
• Neutral Sentiment: Micron’s Taiwan unit reached a deal with the Taichung Union, though the immediate financial implications were not clear from the report. Micron’s Taiwan Unit Reached a Deal With the Taichung Union
• Negative Sentiment: Investors are questioning the durability of hyperscaler capital spending and warning that the memory-chip cycle could soon peak. That concern is outweighing the latest earnings strength and contributing to the stock’s decline and sharp volatility. What’s Going On With Micron Technology Stock Monday?
• Negative Sentiment: Bearish analyses argue that new strategic customer agreements may be less attractive than they appear and that high expectations leave Micron vulnerable to a potential 30% correction if memory pricing or AI demand weakens. Micron: The New SCA Contracts Are Not As Great As You Think

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.