Micron Technology (NASDAQ:MU) Earns “Buy” Rating from TD Cowen

Micron Technology (NASDAQ:MU)‘s stock had its “buy” rating reaffirmed by equities researchers at TD Cowen in a research report issued on Thursday, Benzinga reports. They currently have a $1,600.00 price objective on the semiconductor manufacturer’s stock. TD Cowen’s target price suggests a potential upside of 50.14% from the company’s current price.

Other equities analysts have also issued research reports about the company. ThinkEquity reissued a “buy” rating on shares of Micron Technology in a research note on Monday, August 3rd. Susquehanna reissued a “positive” rating on shares of Micron Technology in a research report on Thursday, October 1st. Argus lowered their target price on shares of Micron Technology from $1,500.00 to $540.00 and set a “buy” rating on the stock in a report on Thursday, June 25th. Itau BBA Securities boosted their price objective on shares of Micron Technology from $1,243.78 to $1,697.09 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. upped their price target on shares of Micron Technology from $550.00 to $1,540.00 and gave the stock an “overweight” rating in a report on Thursday, June 25th. Forty-one research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,385.93.

Micron Technology Stock Up 0.2%

Shares of NASDAQ MU traded up $1.72 during mid-day trading on Thursday, reaching $1,065.68. The company had a trading volume of 11,642,781 shares, compared to its average volume of 41,603,453. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.94 and a current ratio of 3.31. Micron Technology has a twelve month low of $179.61 and a twelve month high of $1,255.00. The stock’s 50 day moving average is $961.23 and its 200-day moving average is $827.58. The stock has a market capitalization of $1.20 trillion, a PE ratio of 14.35, a price-to-earnings-growth ratio of 0.20 and a beta of 2.22.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings results 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 company 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 company earned $3.03 earnings per share. The company’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. As a group, equities analysts anticipate that Micron Technology will post 165.51 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Sumit Sadana sold 15,000 shares of the company’s stock in a transaction dated 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 sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sanjay Mehrotra sold 40,000 shares of the firm’s stock in a transaction that occurred 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 directly owned 264,503 shares of the company’s stock, valued at approximately $256,276,956.70. This trade represents a 13.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 95,879 shares of company stock valued at $90,939,466. Company insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On Micron Technology

Institutional investors and hedge funds have recently bought and sold shares of the stock. Denali Advisors LLC purchased a new position in shares of Micron Technology during the second quarter valued at approximately $7,364,000. Castleark Management LLC acquired a new stake in shares of Micron Technology in the 1st quarter worth $3,709,000. Legacy Wealth Management LLC MS grew its stake 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 acquiring an additional 1,499 shares during the last quarter. Oppenheimer & Co. Inc. increased its holdings 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 valued at $56,006,000 after acquiring an additional 6,702 shares in the last quarter. Finally, Franklin Street Advisors Inc. NC boosted its stake in Micron Technology by 2,461.4% in the 2nd 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 in the last quarter. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Record fiscal fourth-quarter results—$54.23 billion in revenue and $33.42 in adjusted EPS—significantly exceeded expectations. Management’s strong fiscal first-quarter 2027 guidance reinforces expectations for continued AI-related demand for DRAM and high-bandwidth memory (HBM). Micron Q4 Blowout: Why The Memory Supercycle Still Has Runway
• Positive Sentiment: Analysts and bullish investors argue that AI data-center expansion, HBM adoption and tight supply could make the current memory upcycle more durable than prior cycles. Strategic customer agreements reportedly cover more than 35% of expected revenue through 2030, improving visibility and pricing power. Micron: Memory Revenue Looks More Durable Than The Cycle Suggests
• Positive Sentiment: Micron’s valuation remains attractive relative to many AI beneficiaries despite its substantial rally. Strong cash generation could also support shareholder returns, including buybacks once restrictions related to the CHIPS Act expire in December. Micron’s historic cash bonanza is set to rain down on investors
• Neutral Sentiment: Memory-chip peers are showing caution ahead of earnings, highlighting reporting and cyclical risk. Micron is less exposed to that immediate concern because its next results are still ahead, but investors remain focused on the durability of pricing and demand. SK Hynix Falls on Earnings Caution
• Negative Sentiment: Bearish commentary warns that DRAM average-selling-price growth has decelerated sharply, gross margins may have peaked, and higher capital spending could pressure future free cash flow as Micron expands capacity. Micron: Wishful Thinking At Its Finest
• Negative Sentiment: Micron agreed to pay Netlist $30 million per quarter for five years under a $600 million patent settlement and cross-license. The deal removes litigation uncertainty but creates a recurring expense. Netlist and Micron Enter Patent License and Settlement Agreements

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.