Micron Technology (NASDAQ:MU) Raised to “Buy” at Bank of America

Micron Technology (NASDAQ:MU) was upgraded by research analysts at Bank of America from a “neutral” rating to a “buy” rating in a report issued on Thursday,Benzinga reports. The firm currently has a $300.00 target price on the semiconductor manufacturer’s stock, up from their prior target price of $250.00. Bank of America‘s price target suggests a potential upside of 33.03% from the company’s current price.

Several other analysts have also recently commented on the company. BNP Paribas upgraded Micron Technology from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, October 13th. CLSA started coverage on Micron Technology in a research note on Wednesday, August 27th. They issued an “outperform” rating and a $155.00 price target for the company. The Goldman Sachs Group set a $235.00 price objective on shares of Micron Technology in a research note on Thursday. BNP Paribas Exane upgraded shares of Micron Technology from an “underperform” rating to an “outperform” rating and set a $270.00 target price for the company in a research report on Monday, October 13th. Finally, New Street Research reissued a “neutral” rating on shares of Micron Technology in a research note on Tuesday, October 14th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $262.79.

Micron Technology Stock Down 3.0%

MU stock opened at $225.52 on Thursday. The stock has a market cap of $253.51 billion, a PE ratio of 29.71, a price-to-earnings-growth ratio of 0.34 and a beta of 1.54. The firm’s 50-day simple moving average is $225.54 and its 200 day simple moving average is $162.83. Micron Technology has a fifty-two week low of $61.54 and a fifty-two week high of $264.75. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26.

Micron Technology (NASDAQ:MU) last posted its earnings results on Wednesday, December 17th. The semiconductor manufacturer reported $4.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.77 by $1.01. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The firm had revenue of $13.64 billion during the quarter, compared to analyst estimates of $12.62 billion. During the same period in the previous year, the business posted $1.79 EPS. Micron Technology’s revenue was up 56.7% on a year-over-year basis. Micron Technology has set its Q2 2026 guidance at 8.220-8.620 EPS. As a group, sell-side analysts predict that Micron Technology will post 6.08 EPS for the current year.

Insider Buying and Selling at Micron Technology

In related news, CEO Sanjay Mehrotra sold 22,500 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $220.72, for a total value of $4,966,200.00. Following the sale, the chief executive officer directly owned 446,578 shares in the company, valued at $98,568,696.16. The trade was a 4.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Scott J. Deboer sold 82,000 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $222.81, for a total transaction of $18,270,420.00. Following the sale, the executive vice president owned 154,145 shares of the company’s stock, valued at $34,345,047.45. The trade was a 34.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 383,650 shares of company stock worth $81,602,339. 0.24% of the stock is currently owned by company insiders.

Institutional Trading of Micron Technology

A number of hedge funds have recently bought and sold shares of the company. Brighton Jones LLC boosted its stake in Micron Technology by 18.3% in the 4th quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock worth $532,000 after purchasing an additional 976 shares during the period. American Century Companies Inc. lifted its holdings in shares of Micron Technology by 7.8% in the first quarter. American Century Companies Inc. now owns 232,579 shares of the semiconductor manufacturer’s stock valued at $20,209,000 after purchasing an additional 16,925 shares in the last quarter. Legacy Financial Advisors Inc. boosted its position in shares of Micron Technology by 23.6% in the first quarter. Legacy Financial Advisors Inc. now owns 3,241 shares of the semiconductor manufacturer’s stock worth $282,000 after buying an additional 619 shares during the period. United Asset Strategies Inc. grew its holdings in shares of Micron Technology by 1,252.9% during the first quarter. United Asset Strategies Inc. now owns 105,268 shares of the semiconductor manufacturer’s stock valued at $9,147,000 after buying an additional 97,487 shares in the last quarter. Finally, Summit Financial LLC raised its position in Micron Technology by 15.8% during the first quarter. Summit Financial LLC now owns 5,284 shares of the semiconductor manufacturer’s stock valued at $459,000 after buying an additional 719 shares during the period. 80.84% of the stock is owned by hedge funds and other institutional investors.

Micron Technology Company Profile

Micron Technology, Inc designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides memory and storage technologies comprising dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; non-volatile and re-writeable semiconductor storage devices; and non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels.