Royal Bank Of Canada Reaffirms Outperform Rating for Micron Technology (NASDAQ:MU)

Micron Technology (NASDAQ:MU)‘s stock had its “outperform” rating reaffirmed by research analysts at Royal Bank Of Canada in a research report issued to clients and investors on Thursday, Benzinga reports. They presently have a $1,500.00 price target on the semiconductor manufacturer’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 36.69% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. Sanford C. Bernstein set a $1,300.00 price objective on shares of Micron Technology and gave the company an “outperform” rating in a research report on Monday, June 22nd. HSBC lifted their price objective on Micron Technology from $1,100.00 to $1,700.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Susquehanna reiterated a “positive” rating on shares of Micron Technology in a research report on Thursday. Wolfe Research set a $1,500.00 price objective on Micron Technology in a research report on Thursday, June 25th. Finally, KeyCorp restated an “overweight” rating on shares of Micron Technology in a research report on Thursday. Forty investment 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 company presently has an average rating of “Moderate Buy” and an average target price of $1,378.08.

Micron Technology Price Performance

Shares of NASDAQ MU traded up $32.28 during midday trading on Thursday, reaching $1,097.39. The stock had a trading volume of 44,718,320 shares, compared to its average volume of 41,958,953. The company has a market capitalization of $1.24 trillion, a price-to-earnings ratio of 24.84, a price-to-earnings-growth ratio of 0.67 and a beta of 2.22. Micron Technology has a 12-month low of $179.61 and a 12-month high of $1,255.00. The stock has a 50-day moving average of $952.75 and a 200-day moving average of $814.16. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.98 and a current ratio of 3.42.

Micron Technology (NASDAQ:MU) last released its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, beating analysts’ consensus estimates of $31.72 by $1.70. The company had revenue of $54.23 billion for 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%. Micron Technology’s revenue for the quarter was up 379.1% on a year-over-year basis. During the same quarter 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, research analysts anticipate that Micron Technology will post 73.12 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Scott R. Allen sold 879 shares of the firm’s stock in a transaction 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 transaction, the chief accounting officer owned 34,958 shares in the company, valued at approximately $34,958,000. This trade represents a 2.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Sumit Sadana sold 15,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 191,021 shares of the company’s stock, valued at approximately $178,469,010.09. This trade represents a 7.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 95,879 shares of company stock worth $90,939,466 in the last three months. Corporate insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On Micron Technology

A number of hedge funds and other institutional investors have recently modified their holdings of MU. Andar Capital Management HK Ltd increased its holdings in shares of Micron Technology by 856,960.3% in the 2nd quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer’s stock valued at $39,571,847,000 after acquiring an additional 34,278,413 shares during the period. Primecap Management Co. CA purchased a new position in shares of Micron Technology in the 2nd quarter worth approximately $22,182,263,000. Legal & General Group Plc bought a new position in shares of Micron Technology during the 2nd quarter worth approximately $8,402,393,000. Situational Awareness LP raised its stake in shares of Micron Technology by 1,149.0% during the 2nd quarter. Situational Awareness LP now owns 4,828,786 shares of the semiconductor manufacturer’s stock worth $5,573,819,000 after acquiring an additional 5,289,124 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in Micron Technology during the second quarter valued at approximately $3,761,237,000. 80.84% of the stock is currently owned by institutional investors.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Micron reported fiscal Q4 adjusted EPS of $33.42 and revenue of $54.23 billion, surpassing consensus estimates of $31.72 and $51.33 billion, respectively. Revenue surged 379% year over year, supported by AI-related data-center demand and stronger DRAM and NAND pricing. Micron beats on revenue and earnings as global memory shortage continues
• Positive Sentiment: Fiscal Q1 2027 guidance was well above Wall Street expectations, with revenue projected at $60 billion to $63 billion and EPS at $37.15 to $39.15. Management said more than 75% of expected 2027 output is already committed, while supply constraints may persist through 2028. Micron forecasts quarterly revenue above estimates
• Positive Sentiment: Analysts raised price targets following the report, including targets of $1,500 from RBC, $1,600 from TD Cowen, $1,900 from Rosenblatt, $2,000 from Cantor Fitzgerald and $2,100 from DA Davidson. Strategic customer agreements and long-term commitments also improve revenue visibility. Micron analysts stay bullish after another beat and raise
• Neutral Sentiment: The broader technology sector received support from Micron’s results, but sharply higher Treasury yields and inflation concerns pressured the overall market, limiting the stock’s response to the earnings beat. Global markets rattled as bond yields surge
• Negative Sentiment: Investors may be taking profits after MU’s extraordinary run, while the stock is priced for near-perfect execution. Q1 gross-margin guidance of approximately 86.25% was slightly below the recent quarter’s 87%, raising concerns that peak pricing power could moderate. Why Micron’s 87% gross margin is a blessing and a curse
• Negative Sentiment: A potential strike at Micron’s Taiwan operations introduces execution and supply-chain risk. Investors are also monitoring heavy capital spending, cyclical memory pricing and bearish positioning from investors such as Michael Burry.

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.