Micron Technology (NASDAQ:MU) Upgraded at Zacks Research

Zacks Research upgraded shares of Micron Technology (NASDAQ:MU) from a hold rating to a strong-buy rating in a research note issued to investors on Tuesday,Zacks reports.

Other equities analysts have also issued reports about the stock. TD Cowen reaffirmed a “buy” rating and issued a $1,600.00 price target on shares of Micron Technology in a report on Thursday, October 1st. BMO Capital Markets reaffirmed an “outperform” rating on shares of Micron Technology in a research report on Thursday, October 1st. Arete Research increased their price objective on Micron Technology from $852.00 to $1,500.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Morgan Stanley reissued an “overweight” rating and issued a $1,200.00 price objective on shares of Micron Technology in a research report on Thursday, October 1st. Finally, Wedbush restated an “outperform” rating and set a $1,400.00 target price on shares of Micron Technology in a research note on Monday, September 28th. One research analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,407.88.

Micron Technology Stock Performance

MU stock opened at $1,035.84 on Tuesday. Micron Technology has a one year low of $179.61 and a one year high of $1,255.00. The firm has a market cap of $1.17 trillion, a price-to-earnings ratio of 13.96, a PEG ratio of 0.19 and a beta of 2.22. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.94 and a current ratio of 3.31. The firm has a 50-day simple moving average of $975.93 and a two-hundred day simple moving average of $840.54.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $31.77 by $1.65. The firm had revenue of $54.23 billion for the quarter, compared to the consensus estimate of $51.33 billion. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The company’s quarterly revenue was up 379.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. On average, equities analysts forecast that Micron Technology will post 175.82 EPS for the current fiscal year.

Micron Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Wednesday, October 14th will be paid a dividend of $0.15 per share. The ex-dividend date is Wednesday, October 14th. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. Micron Technology’s dividend payout ratio is presently 0.81%.

Insiders Place Their Bets

In other news, CAO Scott Allen sold 879 shares of Micron Technology stock in a transaction on 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 completion of the sale, the chief accounting officer directly owned 34,958 shares in the company, valued at approximately $34,958,000. The trade was a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Sanjay Mehrotra sold 40,000 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the sale, the chief executive officer directly owned 264,503 shares in the company, valued at $256,276,956.70. This trade represents a 13.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 95,879 shares of company stock valued at $90,939,466. Insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On Micron Technology

A number of institutional investors have recently bought and sold shares of MU. Andar Capital Management HK Ltd lifted its position in Micron Technology by 856,960.3% during the second 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 purchasing an additional 34,278,413 shares during the period. Primecap Management Co. CA acquired a new stake in Micron Technology during the 2nd quarter worth about $22,182,263,000. Legal & General Group Plc acquired a new stake in Micron Technology during the 2nd quarter worth about $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 valued at $5,573,819,000 after buying an additional 5,289,124 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Micron Technology during the 2nd quarter valued at about $3,761,237,000. 80.84% of the stock is owned by hedge funds and other institutional investors.

More Micron Technology News

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

• Positive Sentiment: Strong earnings and forward guidance support the growth outlook. Micron reported fiscal fourth-quarter revenue of $54.23 billion and adjusted earnings of $33.42 per share, both ahead of expectations. Management also projected fiscal first-quarter 2027 adjusted EPS of $37.15-$39.15, implying another sequential increase. Micron’s Latest Earnings Reveal Why the AI Memory Supercycle Could Run for Years
• Positive Sentiment: AI-related demand remains a major catalyst. More than 75% of Micron’s fiscal 2027 output is reportedly committed, while customers are already discussing 2028 allocations. Record DRAM revenue and surging enterprise SSD demand suggest data-center customers are securing memory supply well in advance. Micron: This Memory Cycle Could End Differently
• Positive Sentiment: Analyst support remains strong. Zacks upgraded Micron to “Strong Buy,” while D.A. Davidson raised its price target to $3,000 and maintained a Buy rating, citing a potential multiyear shortage driven by AI infrastructure spending. Micron & 2 Profitable Stocks to Buy in October for Big Upside
• Neutral Sentiment: Valuation and cyclicality remain debated. Bullish analysts view Micron’s roughly six-to-seven-times forward earnings valuation as inexpensive, but skeptics warn that margins may be near a peak and that memory prices could eventually normalize. A $600 million settlement with Netlist also removes a legal overhang but adds a material cost. Micron Technology, Netlist Settle Patent Dispute for $600 Million
• Negative Sentiment: Investors reacted negatively to weaker-than-expected AI revenue concerns. A report that OpenAI’s annualized revenue was below expectations triggered a broader selloff in AI and semiconductor stocks. Analysts said the figure may reflect reporting differences rather than a deterioration in AI demand, but the news heightened concern about crowded AI valuations. Micron, Nvidia and AI chip stocks fall as report on OpenAI’s revenue causes undue concern
• Negative Sentiment: A Taiwan labor dispute adds operational risk. Workers at Micron’s major Taiwan manufacturing sites authorized a strike over bonus changes. No walkout has been announced, but a disruption could threaten production and increase costs. Micron’s Taoyuan union in Taiwan secures authorisation to strike
• Negative Sentiment: Samsung’s record profit did not reassure memory investors. Although Samsung reported sharply higher operating profit, the slower pace of growth and concerns that the memory cycle is nearing a peak reinforced fears that Micron’s exceptional earnings growth may decelerate. The Memory Trade Cools After Samsung’s Preliminary Results Disappoint

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.