Micron Technology (NASDAQ:MU) Given Buy Rating at TD Cowen

Micron Technology (NASDAQ:MU)‘s stock had its “buy” rating reiterated by TD Cowen in a research note issued on Thursday, Benzinga reports. They presently have a $1,600.00 target price on the semiconductor manufacturer’s stock. TD Cowen’s price objective points to a potential upside of 49.45% from the stock’s previous close.

A number of other equities research analysts have also weighed in on MU. Wedbush restated an “outperform” rating and issued a $1,400.00 price objective on shares of Micron Technology in a report on Monday. Arete Research increased their target price on shares of Micron Technology from $852.00 to $1,500.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Daiwa Securities Group raised their price target on shares of Micron Technology from $1,600.00 to $1,700.00 and gave the stock a “buy” rating in a report on Friday, July 17th. Phillip Securities lifted their price target on shares of Micron Technology from $530.00 to $1,870.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Finally, New Street Research raised Micron Technology from a “neutral” rating to a “buy” rating and upped their price target for the company from $470.00 to $1,250.00 in a research note on Friday, August 14th. Forty equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,378.08.

Micron Technology Trading Up 0.5%

Shares of MU traded up $5.45 during trading hours on Thursday, hitting $1,070.56. The company had a trading volume of 24,880,052 shares, compared to its average volume of 41,842,180. Micron Technology has a 52-week low of $179.61 and a 52-week high of $1,255.00. The stock’s 50 day moving average price is $952.75 and its 200 day moving average price is $814.16. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. The firm has a market cap of $1.21 trillion, a P/E ratio of 24.25, a P/E/G ratio of 0.67 and a beta of 2.22.

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 the consensus estimate of $31.72 by $1.70. The firm had revenue of $54.23 billion during the quarter, compared to analyst estimates of $51.33 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.Micron Technology’s revenue was up 379.1% on a year-over-year basis. During the same period in the prior year, the business posted $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. On average, research analysts predict that Micron Technology will post 73.12 EPS for the current year.

Insider Transactions at Micron Technology

In related news, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology stock in a transaction on 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 transaction, the chief executive officer owned 264,503 shares in the company, valued at $256,276,956.70. This trade represents a 13.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Sumit Sadana sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following 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. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 95,879 shares of company stock valued at $90,939,466. Insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of MU. Andar Capital Management HK Ltd lifted 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 worth $39,571,847,000 after buying an additional 34,278,413 shares in the last quarter. Primecap Management Co. CA purchased a new position in shares of Micron Technology during the second quarter valued at $22,182,263,000. Bank of America Corp DE boosted its position in Micron Technology by 26.6% in the second quarter. Bank of America Corp DE now owns 10,174,757 shares of the semiconductor manufacturer’s stock valued at $11,744,621,000 after buying an additional 2,136,470 shares during the last quarter. Invesco Ltd. increased its stake in shares of Micron Technology by 1.6% in the 4th quarter. Invesco Ltd. now owns 9,777,239 shares of the semiconductor manufacturer’s stock worth $2,790,522,000 after acquiring an additional 155,073 shares during the last quarter. Finally, Legal & General Group Plc acquired a new stake in shares of Micron Technology during the 2nd quarter worth about $8,402,393,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

More Micron Technology News

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

• Positive Sentiment: Record earnings and revenue: Micron reported fiscal Q4 revenue of $54.23 billion, up 379% year over year, and adjusted EPS of $33.42. Both figures exceeded consensus estimates, reflecting strong DRAM, NAND and high-bandwidth memory (HBM) demand tied to AI data-center construction. Micron beats on revenue and earnings
• Positive Sentiment: Above-consensus outlook: Management forecast fiscal Q1 2027 revenue of $60 billion to $63 billion and EPS of $37.15 to $39.15, ahead of Wall Street expectations. The company also said more than 75% of expected 2027 output is committed, with supply tightness potentially lasting through 2028. Micron forecasts quarterly revenue above estimates
• Positive Sentiment: Analysts remain bullish: Several firms raised price targets following the report, including DA Davidson to $2,100, Rosenblatt to $1,900, and RBC to $1,500. Analysts cited stronger pricing visibility, long-term customer commitments, potential capital returns and a memory shortage that could extend into 2027–2028. Analysts stay bullish after Micron earnings
• Positive Sentiment: Improving earnings visibility: Micron has expanded strategic customer agreements to 26, covering more than 35% of projected revenue through 2030. These commitments and customer funding support capacity expansion and provide some downside protection. Micron business signals
• Neutral Sentiment: Why the stock is not surging: Investors had priced in a blowout report after MU’s extraordinary annual advance, making the latest beat less surprising. Broader selling in technology stocks, rising Treasury yields and profit-taking are also weighing on the shares.
• Negative Sentiment: Margin concerns: Although Q4 gross margin reached approximately 87%, management expects it to moderate to about 86.25% in fiscal Q1. The decline has raised concerns that peak pricing power may be near, despite continued revenue growth. Why Micron’s gross margin matters
• Negative Sentiment: Execution and cycle risks: Micron faces a potential labor strike vote at its Taiwan operations and plans heavy capital spending to expand capacity. Investors are also questioning how long AI-driven memory shortages and unusually high margins can persist.

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.