Micron Technology (NASDAQ:MU) Stock Rating Reaffirmed as Buy by TD Cowen

Micron Technology (NASDAQ:MU)‘s stock had its “buy” rating reaffirmed by investment analysts at TD Cowen in a report 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 would indicate a potential upside of 51.95% from the company’s previous close.

Other research analysts have also issued research reports about the company. New Street Research raised Micron Technology from a “neutral” rating to a “buy” rating and upped their price target for the company from $470.00 to $1,250.00 in a research report on Friday, August 14th. Daiwa Securities Group boosted their price target on shares of Micron Technology from $1,600.00 to $1,700.00 and gave the company a “buy” rating in a research report on Friday, July 17th. Barclays boosted their price target on shares of Micron Technology from $1,175.00 to $2,000.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. Bank of America boosted their price target on shares of Micron Technology from $950.00 to $1,500.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Finally, Susquehanna reiterated a “positive” 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,378.08.

Micron Technology Trading Down 1.1%

MU stock traded down $12.13 during midday trading on Thursday, hitting $1,052.99. The company had a trading volume of 17,737,059 shares, compared to its average volume of 41,797,656. The company has a current ratio of 3.42, a quick ratio of 2.98 and a debt-to-equity ratio of 0.05. Micron Technology has a 52 week low of $179.61 and a 52 week high of $1,255.00. The stock’s 50 day moving average price is $952.75 and its 200 day moving average price is $814.16. The stock has a market cap of $1.19 trillion, a price-to-earnings ratio of 23.88, a PEG ratio of 0.67 and a beta of 2.22.

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

Insider Activity

In other news, CAO Scott Allen sold 879 shares of the firm’s stock in a transaction dated Thursday, July 23rd. The shares were 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 of the company’s stock, valued at $34,958,000. This trade represents a 2.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Sumit Sadana sold 15,000 shares of the firm’s stock in a transaction dated 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 approximately $178,469,010.09. The trade was a 7.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 95,879 shares of company stock valued at $90,939,466 in the last 90 days. 0.24% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Bullseye Investment Management LLC bought a new position in Micron Technology in the second quarter valued at about $27,000. Montgomery Financial Services LLC bought a new position in Micron Technology in the second quarter valued at about $38,000. JNBA Financial Advisors lifted its holdings in Micron Technology by 77.3% in the second quarter. JNBA Financial Advisors now owns 39 shares of the semiconductor manufacturer’s stock valued at $45,000 after acquiring an additional 17 shares during the period. Ramsey Quantitative Systems bought a new position in Micron Technology in the second quarter valued at about $46,000. Finally, RHL Group LLC bought a new position in Micron Technology in 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: Micron reported fiscal Q4 revenue of $54.23 billion, up 379% year over year, and adjusted EPS of $33.42, exceeding Wall Street estimates. Strong DRAM, NAND and high-bandwidth memory (HBM) demand—particularly from AI data centers—drove record sales and an 87% gross margin. Micron Q4 Earnings Beat Estimates
• Positive Sentiment: Management forecast fiscal Q1 2027 revenue of $60 billion to $63 billion and EPS of $37.15 to $39.15, above consensus expectations. The outlook suggests AI infrastructure demand and elevated memory pricing will remain strong. Micron Forecasts Quarterly Revenue Above Estimates
• Positive Sentiment: Supply is expected to remain constrained through at least 2028, with more than 75% of next year’s output already committed. Micron also has 26 strategic customer agreements covering more than 35% of projected revenue through 2030, improving visibility into future earnings and cash flow. MU Q4 Earnings Call Points to Tighter Supply
• Positive Sentiment: Analysts raised price targets following the report, including D.A. Davidson at $2,100, Cantor Fitzgerald at $2,000, Rosenblatt at $1,900, TD Cowen at $1,600 and RBC at $1,500, while maintaining bullish ratings.
• Neutral Sentiment: Micron plans roughly $25 billion in capital expenditures, including nearly $12 billion in the next quarter, to expand capacity. The investment supports long-term growth but could limit near-term free cash flow. Micron Q4 Favorable Outlook
• Negative Sentiment: The stock’s extremely strong prior rally has raised the performance bar. Investors may be selling because the earnings beat and guidance, while excellent, were not large enough to exceed lofty expectations. Concerns also include cyclical memory pricing, potential margin normalization and whether today’s supply shortage can persist as new capacity comes online. Why Micron’s Big Earnings Report Isn’t Lifting the Stock

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.