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

Micron Technology (NASDAQ:MU)‘s stock had its “buy” rating reiterated by analysts at TD Cowen in a research note issued on Thursday, Benzinga reports. They currently have a $1,600.00 price objective on the semiconductor manufacturer’s stock. TD Cowen’s price objective suggests a potential upside of 45.80% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. KeyCorp restated an “overweight” rating on shares of Micron Technology in a research note on Thursday. Wolfe Research set a $1,500.00 price target on shares of Micron Technology in a research note on Thursday, June 25th. Needham & Company LLC restated a “buy” rating and issued a $1,650.00 price target on shares of Micron Technology in a research note on Thursday. Zacks Research downgraded shares of Micron Technology from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 19th. Finally, Phillip Securities raised their price target on shares of Micron Technology from $530.00 to $1,870.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Forty analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,378.08.

Micron Technology Price Performance

Shares of NASDAQ:MU traded up $32.28 during midday trading on Thursday, hitting $1,097.39. The stock had a trading volume of 44,868,292 shares, compared to its average volume of 41,960,199. The company’s 50-day moving average price is $952.75 and its 200-day moving average price is $814.16. The company has a market capitalization of $1.24 trillion, a P/E ratio of 24.84, a price-to-earnings-growth ratio of 0.67 and a beta of 2.22. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. Micron Technology has a fifty-two week low of $179.61 and a fifty-two week high of $1,255.00.

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

Insider Buying and Selling

In related news, EVP Sumit Sadana sold 15,000 shares of Micron Technology stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the sale, the executive vice president directly owned 191,021 shares in the company, valued at $178,469,010.09. This trade represents a 7.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Scott R. Allen sold 879 shares of Micron Technology stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total transaction 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 95,879 shares of company stock worth $90,939,466 in the last ninety days. Company insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of MU. Denali Advisors LLC bought a new position in Micron Technology during the second quarter valued at about $7,364,000. Castleark Management LLC bought a new position in Micron Technology during the first quarter worth about $3,709,000. Oppenheimer & Co. Inc. lifted its holdings in shares of Micron Technology by 16.0% in the second quarter. Oppenheimer & Co. Inc. now owns 48,520 shares of the semiconductor manufacturer’s stock worth $56,006,000 after buying an additional 6,702 shares in the last quarter. Legacy Wealth Management LLC MS lifted its holdings in shares of Micron Technology by 73.3% in the second quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer’s stock worth $4,091,000 after buying an additional 1,499 shares in the last quarter. Finally, Franklin Street Advisors Inc. NC lifted its holdings in shares of Micron Technology by 2,461.4% in the second quarter. Franklin Street Advisors Inc. NC now owns 37,141 shares of the semiconductor manufacturer’s stock worth $42,871,000 after buying an additional 35,691 shares in the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Record results and strong guidance: Micron reported fiscal Q4 revenue of $54.23 billion, up 379% year over year, and adjusted EPS of $33.42, beating consensus estimates. Management guided fiscal Q1 2027 revenue to $60 billion-$63 billion and EPS to $37.15-$39.15, both above Wall Street expectations. Micron beats on revenue and earnings
• Positive Sentiment: AI demand remains powerful: Data-center revenue increased roughly elevenfold, driven by high-bandwidth memory (HBM), DRAM and NAND demand. More than 75% of Micron’s expected 2027 output is already committed, while management said supply constraints could persist through 2028. MU earnings call points to tighter supply
• Positive Sentiment: Analysts remain bullish: Multiple firms raised targets after the report, including DA Davidson at $2,100, Cantor Fitzgerald at $2,000, Rosenblatt at $1,900, TD Cowen at $1,600 and RBC at $1,500. Analysts cited better pricing visibility, long-term customer commitments and potential capital returns. Analysts stay bullish after Micron beat
• Neutral Sentiment: Why the stock is not responding more strongly: After a substantial prior advance, investors expected an even larger beat. Micron’s gross-margin outlook is projected to ease from 87% in Q4 to approximately 86.25% in Q1, raising concerns that peak pricing power may be approaching. Micron investors are not rewarding strong earnings
• Negative Sentiment: Risks remain: Rising Treasury yields are pressuring technology valuations, while investors are watching for any slowdown in memory demand, increased capital spending and possible labor disruption at Micron’s Taiwan operations. Micron faces Taiwan strike prospects

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.