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

Micron Technology (NASDAQ:MU)‘s stock had its “outperform” rating reissued by Royal Bank Of Canada in a report released on Thursday, Benzinga reports. They presently have a $1,500.00 price objective on the semiconductor manufacturer’s stock. Royal Bank Of Canada’s target price would suggest a potential upside of 36.69% from the company’s current price.

A number of other brokerages have also recently issued reports on MU. Needham & Company LLC reissued a “buy” rating and issued a $1,650.00 target price on shares of Micron Technology in a research report on Thursday. Robert W. Baird lifted their price objective on shares of Micron Technology from $1,280.00 to $1,520.00 and gave the company an “outperform” rating in a research note on Monday. New Street Research upgraded shares of Micron Technology from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $470.00 to $1,250.00 in a research note on Friday, August 14th. President Capital lifted their price objective on shares of Micron Technology to $1,500.00 and gave the company a “buy” rating in a research note on Friday, July 17th. Finally, Wedbush restated an “outperform” rating and issued a $1,400.00 price objective on shares of Micron Technology in a research note on Monday. Forty research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,378.08.

Micron Technology Stock Performance

Shares of NASDAQ MU traded up $32.28 during trading hours on Thursday, reaching $1,097.39. The stock had a trading volume of 44,868,292 shares, compared to its average volume of 41,960,199. The firm has a market cap of $1.24 trillion, a price-to-earnings ratio of 24.84, a PEG ratio of 0.67 and a beta of 2.22. 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 fifty-two week low of $179.61 and a fifty-two week high of $1,255.00. The firm has a 50-day moving average of $952.75 and a 200-day moving average of $814.16.

Micron Technology (NASDAQ:MU) last announced its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $31.72 by $1.70. The firm had revenue of $54.23 billion during the quarter, compared to analysts’ expectations 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 period in the prior year, the firm earned $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Equities research analysts predict that Micron Technology will post 73.12 earnings per share for the current year.

Insider Buying and Selling

In other Micron Technology news, CAO Scott R. Allen sold 879 shares of the business’s stock in a transaction that occurred 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. The trade was a 2.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Sanjay Mehrotra sold 40,000 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 264,503 shares of the company’s stock, valued at approximately $256,276,956.70. This trade represents a 13.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 95,879 shares of company stock valued at $90,939,466 over the last ninety days. Corporate insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On Micron Technology

Large investors have recently modified their holdings of the business. Andar Capital Management HK Ltd lifted its holdings in Micron Technology by 856,960.3% in 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 acquiring an additional 34,278,413 shares during the period. Primecap Management Co. CA acquired a new stake in Micron Technology in the second quarter valued at $22,182,263,000. Bank of America Corp DE lifted its holdings in Micron Technology by 26.6% in the second quarter. Bank of America Corp DE now owns 10,174,757 shares of the semiconductor manufacturer’s stock valued at $11,744,621,000 after acquiring an additional 2,136,470 shares during the period. Legal & General Group Plc acquired a new stake in Micron Technology in the second quarter valued at $8,402,393,000. Finally, Wellington Management Group LLP lifted its holdings in Micron Technology by 28.7% in the second quarter. Wellington Management Group LLP now owns 5,045,141 shares of the semiconductor manufacturer’s stock valued at $5,823,556,000 after acquiring an additional 1,125,414 shares during the period. 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: Record results and strong guidance: Micron reported fiscal Q4 revenue of $54.23 billion, up 379% year over year, and adjusted EPS of $33.42, beating consensus estimates. Management guided fiscal Q1 2027 revenue to $60 billion-$63 billion and EPS to $37.15-$39.15, both above Wall Street expectations. Micron beats on revenue and earnings
• Positive Sentiment: AI demand remains powerful: Data-center revenue increased roughly elevenfold, driven by high-bandwidth memory (HBM), DRAM and NAND demand. More than 75% of Micron’s expected 2027 output is already committed, while management said supply constraints could persist through 2028. MU earnings call points to tighter supply
• Positive Sentiment: Analysts remain bullish: Multiple firms raised targets after the report, including DA Davidson at $2,100, Cantor Fitzgerald at $2,000, Rosenblatt at $1,900, TD Cowen at $1,600 and RBC at $1,500. Analysts cited better pricing visibility, long-term customer commitments and potential capital returns. Analysts stay bullish after Micron beat
• Neutral Sentiment: Why the stock is not responding more strongly: After a substantial prior advance, investors expected an even larger beat. Micron’s gross-margin outlook is projected to ease from 87% in Q4 to approximately 86.25% in Q1, raising concerns that peak pricing power may be approaching. Micron investors are not rewarding strong earnings
• Negative Sentiment: Risks remain: Rising Treasury yields are pressuring technology valuations, while investors are watching for any slowdown in memory demand, increased capital spending and possible labor disruption at Micron’s Taiwan operations. Micron faces Taiwan strike prospects

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.