Micron Technology (NASDAQ:MU) Earns Outperform Rating from Royal Bank Of Canada

Micron Technology (NASDAQ:MU)‘s stock had its “outperform” rating reiterated by Royal Bank Of Canada in a research report issued on Friday, Benzinga reports. They presently have a $1,500.00 price objective on the semiconductor manufacturer’s stock. Royal Bank Of Canada’s target price points to a potential upside of 51.05% from the company’s previous close.

Several other equities research analysts also recently weighed in on the company. Wedbush upped their target price on Micron Technology from $1,300.00 to $1,400.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. UBS Group reiterated a “buy” rating on shares of Micron Technology in a report on Monday, August 10th. Stifel Nicolaus boosted their price target on Micron Technology from $550.00 to $1,500.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. TD Cowen restated a “buy” rating on shares of Micron Technology in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Micron Technology from $1,500.00 to $1,550.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $1,295.63.

Micron Technology Price Performance

Shares of NASDAQ:MU opened at $993.04 on Friday. The company has a market cap of $1.12 trillion, a P/E ratio of 22.45, a P/E/G ratio of 0.59 and a beta of 2.22. The business has a fifty day simple moving average of $927.28 and a 200-day simple moving average of $771.93. Micron Technology has a 52 week low of $154.65 and a 52 week high of $1,255.00. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05.

Micron Technology (NASDAQ:MU) last released its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, topping the consensus estimate of $21.39 by $3.72. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The firm had revenue of $41.46 billion for the quarter, compared to the consensus estimate of $35.91 billion. During the same period in the prior year, the business posted $1.91 earnings per share. The firm’s revenue for the quarter was up 345.8% compared to the same quarter last year. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Equities research analysts forecast that Micron Technology will post 72.93 EPS for the current year.

Insiders Place Their Bets

In related news, Director Lynn Dugle sold 1,300 shares of the stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total value of $1,495,559.00. Following the completion of the transaction, the director owned 17,728 shares of the company’s stock, valued at approximately $20,394,823.04. This represents a 6.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $968.90, for a total value of $38,756,000.00. Following the sale, the chief executive officer 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 position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 177,204 shares of company stock valued at $182,156,264. Insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On Micron Technology

Several institutional investors and hedge funds have recently made changes to their positions in the business. Kohmann Bosshard Financial Services LLC acquired a new position in Micron Technology in the 1st quarter valued at about $27,000. Bullseye Investment Management LLC acquired a new stake in shares of Micron Technology during the 2nd quarter worth approximately $27,000. Bayban purchased a new stake in shares of Micron Technology during the 4th quarter valued at approximately $29,000. Financial Life Planners purchased a new stake in shares of Micron Technology during the 1st quarter valued at approximately $36,000. Finally, Portus Wealth Advisors LLC acquired a new position in Micron Technology in the first quarter valued at approximately $37,000. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Key Micron Technology News

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

• Positive Sentiment: Intel CEO Lip-Bu Tan warned that the memory shortage could worsen next year, reinforcing expectations for sustained DRAM and high-bandwidth memory pricing and supporting Micron’s earnings outlook. Why Was Micron Technology Stock Up Today?
• Positive Sentiment: Micron opened a $2.75 billion semiconductor assembly and test facility in India, with production expected to scale next year. The investment expands manufacturing capacity and positions the company to benefit from long-term AI and data-center demand. Micron CEO sees India facility scaling
• Positive Sentiment: The company introduced a 512GB DDR5 server module validated by AMD and Intel. Its higher density, speeds of up to 9,200 MT/s and potential power savings of more than 60% strengthen Micron’s position in AI infrastructure, although volume production is not expected until the second half of 2027. Micron’s New 512GB Memory Module
• Positive Sentiment: Micron’s latest reported quarter substantially exceeded expectations, with $25.11 in earnings per share versus a $21.39 consensus and revenue growth of roughly 346% year over year. Investors are also watching whether the September 30 report includes a larger share-repurchase authorization; approximately $2.16 billion remains under the current program. Micron buyback outlook
• Neutral Sentiment: Analyst sentiment remains broadly bullish, with multiple firms maintaining Buy ratings and targets above the current trading range. However, the stock’s substantial prior rally and high beta leave it particularly sensitive to earnings expectations, interest rates and valuation changes.
• Negative Sentiment: Investors face growing risks from slowing DRAM and NAND price increases, potential inventory and end-demand pressure, and stronger capital returns from Samsung and SK Hynix. China’s CXMT is also planning NAND expansion, which could increase long-term competitive pressure. Micron: Records Are Not Enough Anymore
• Negative Sentiment: Workers at Micron’s major Taiwan production base have threatened a strike after rejecting the company’s bonus offer, creating a potential operational and labor-cost risk. Executive share sales under prearranged plans may also weigh on sentiment, though they do not necessarily indicate a change in business fundamentals. Micron Taiwan strike threat

Micron Technology Company Profile

Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.

Micron’s products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.