Micron Technology (NASDAQ:MU) Stock Rating Reaffirmed as Outperform by Royal Bank Of Canada

Micron Technology (NASDAQ:MU)‘s stock had its “outperform” rating reissued by investment analysts at Royal Bank Of Canada in a report released on Thursday, Benzinga reports. They currently have a $1,500.00 target price on the semiconductor manufacturer’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 42.60% from the stock’s previous close.

MU has been the subject of several other research reports. Mizuho upped their price target on Micron Technology from $1,300.00 to $1,400.00 and gave the stock an “outperform” rating in a research note on Thursday. William Blair set a $1,300.00 price objective on Micron Technology in a research report on Thursday. Cantor Fitzgerald reiterated an “overweight” rating and issued a $2,000.00 price objective on shares of Micron Technology in a research report on Thursday. Wells Fargo & Company cut their price objective on Micron Technology from $1,525.00 to $1,400.00 and set an “overweight” rating for the company in a research report on Wednesday, September 23rd. Finally, HSBC increased their price objective on Micron Technology from $1,100.00 to $1,700.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Forty research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Micron Technology presently has an average rating of “Moderate Buy” and an average price target of $1,378.08.

Micron Technology Stock Down 1.2%

Shares of Micron Technology stock traded down $13.25 on Thursday, reaching $1,051.86. 22,049,210 shares of the company were exchanged, compared to its average volume of 41,834,348. Micron Technology has a 1-year low of $179.61 and a 1-year high of $1,255.00. The company has a market cap of $1.19 trillion, a P/E ratio of 23.86, a price-to-earnings-growth ratio of 0.67 and a beta of 2.22. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98. The stock’s 50 day moving average price is $952.75 and its 200-day moving average price is $814.16.

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

Insider Activity at Micron Technology

In related news, EVP Sumit Sadana sold 15,000 shares of the stock in a transaction on 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 sale, the executive vice president owned 191,021 shares of the company’s stock, valued at $178,469,010.09. This trade represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sanjay Mehrotra sold 40,000 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $968.90, for a total value of $38,756,000.00. Following the completion of the sale, the chief executive officer directly owned 264,503 shares in the company, valued at approximately $256,276,956.70. The trade was a 13.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 95,879 shares of company stock valued at $90,939,466 over the last quarter. Insiders own 0.24% of the company’s stock.

Institutional Trading of Micron Technology

A number of hedge funds have recently added to or reduced their stakes in the business. Andar Capital Management HK Ltd raised 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 worth $39,571,847,000 after purchasing an additional 34,278,413 shares during the period. Primecap Management Co. CA purchased a new stake in shares of Micron Technology during the 2nd quarter valued at about $22,182,263,000. Legal & General Group Plc purchased a new stake in shares of Micron Technology during the 2nd quarter valued at about $8,402,393,000. Situational Awareness LP raised its holdings 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 valued at $5,573,819,000 after buying an additional 5,289,124 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Micron Technology during the 2nd quarter valued at about $3,761,237,000. 80.84% of the stock is owned by institutional investors and hedge funds.

Micron Technology News Summary

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

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.