Micron Technology (NASDAQ:MU) Stock Keeps Outperform Rating at Royal Bank Of Canada

Micron Technology (NASDAQ:MU)‘s stock had its “outperform” rating reiterated by investment analysts at Royal Bank Of Canada in a report issued on Thursday, Benzinga reports. They currently have a $1,500.00 target price on the semiconductor manufacturer’s stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 39.25% from the stock’s previous close.

A number of other equities analysts also recently weighed in on the company. Bank of America upped their price target on Micron Technology from $950.00 to $1,500.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. New Street Research raised Micron Technology from a “neutral” rating to a “buy” rating and upped their price target for the stock from $470.00 to $1,250.00 in a research report on Friday, August 14th. Arete Research upped their price target on Micron Technology from $852.00 to $1,500.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Erste Group Bank raised Micron Technology from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Micron Technology in a research report on Thursday. Forty analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,378.08.

Micron Technology Stock Up 1.1%

Shares of MU traded up $12.13 on Thursday, hitting $1,077.24. The company’s stock had a trading volume of 30,880,260 shares, compared to its average volume of 41,862,379. 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’s fifty day moving average price is $952.75 and its 200-day moving average price is $814.16. Micron Technology has a fifty-two week low of $179.61 and a fifty-two week high of $1,255.00. The firm has a market capitalization of $1.22 trillion, a price-to-earnings ratio of 24.42, a P/E/G ratio of 0.67 and a beta of 2.22.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $31.72 by $1.70. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The business had revenue of $54.23 billion during the quarter, compared to analyst estimates of $51.33 billion. During the same period in the previous year, the firm earned $3.03 EPS. Micron Technology’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. On average, equities research analysts expect that Micron Technology will post 73.12 EPS for the current year.

Insider Activity at Micron Technology

In related news, CAO Scott R. Allen sold 879 shares of the stock in a transaction on 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 sale, the chief accounting officer owned 34,958 shares in the company, valued at approximately $34,958,000. This represents a 2.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sanjay Mehrotra sold 40,000 shares of the stock in a transaction 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 owned 264,503 shares in the company, valued at $256,276,956.70. The trade was a 13.14% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 95,879 shares of company stock worth $90,939,466. Company insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Bullseye Investment Management LLC bought a new position in Micron Technology during the 2nd quarter worth $27,000. Montgomery Financial Services LLC acquired a new stake in Micron Technology in the second quarter valued at about $38,000. JNBA Financial Advisors boosted its stake in shares of Micron Technology by 77.3% during the second quarter. JNBA Financial Advisors now owns 39 shares of the semiconductor manufacturer’s stock valued at $45,000 after purchasing an additional 17 shares in the last quarter. Ramsey Quantitative Systems acquired a new stake in shares of Micron Technology during the second quarter valued at about $46,000. Finally, RHL Group LLC acquired a new stake in shares of Micron Technology during the second quarter valued at about $47,000. Institutional investors own 80.84% of the company’s stock.

Key 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.

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.