Micron Technology’s (MU) Outperform Rating Reiterated at Wedbush

Wedbush restated their outperform rating on shares of Micron Technology (NASDAQ:MU) in a report issued on Monday morning,Benzinga reports. The firm currently has a $1,400.00 price objective on the semiconductor manufacturer’s stock.

Other analysts have also issued research reports about the stock. 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 note on Friday, July 17th. HSBC raised their price objective on shares of Micron Technology from $1,100.00 to $1,700.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Stifel Nicolaus boosted their target price on shares of Micron Technology from $550.00 to $1,500.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. ThinkEquity reissued a “buy” rating on shares of Micron Technology in a research report on Monday, August 3rd. Finally, Wells Fargo & Company lowered their target price on shares of Micron Technology from $1,525.00 to $1,400.00 and set an “overweight” rating on the stock in a report on Wednesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,348.03.

Micron Technology Trading Up 0.0%

Shares of Micron Technology stock opened at $1,065.11 on Monday. The stock has a market capitalization of $1.20 trillion, a PE ratio of 24.11, a price-to-earnings-growth ratio of 0.67 and a beta of 2.22. Micron Technology has a 52 week low of $165.50 and a 52 week high of $1,255.00. The stock has a 50 day moving average price of $952.75 and a two-hundred day moving average price of $814.16. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.98 and a current ratio of 3.42.

Micron Technology (NASDAQ:MU) last issued its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share 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 company had revenue of $54.23 billion for the quarter, compared to analyst estimates of $51.33 billion. During the same period in the prior year, the firm earned $3.03 earnings per share. Micron Technology’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 anticipate that Micron Technology will post 73.12 earnings per share for the current fiscal year.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, EVP Sumit Sadana sold 15,000 shares of Micron Technology stock in a transaction on 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 transaction, the executive vice president directly owned 191,021 shares of the company’s stock, valued at $178,469,010.09. The trade was a 7.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Scott Allen sold 879 shares of the company’s stock in a transaction 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 completion of the sale, the chief accounting officer owned 34,958 shares of the company’s stock, valued at approximately $34,958,000. The trade was a 2.45% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 95,879 shares of company stock worth $90,939,466. Corporate insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC bought a new position in shares of Micron Technology in the first quarter valued at approximately $27,000. Bullseye Investment Management LLC purchased a new stake in shares of Micron Technology during the second quarter valued at approximately $27,000. Bayban bought a new stake in Micron Technology during the fourth quarter worth $29,000. Financial Life Planners bought a new stake in Micron Technology during the first quarter worth $36,000. Finally, Portus Wealth Advisors LLC purchased a new position in Micron Technology in the first quarter worth $37,000. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Micron Technology News Summary

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

• Positive Sentiment: Micron reported record fiscal Q4 revenue of $54.23 billion, up 379% year over year, while adjusted EPS reached approximately $33.42 versus the $31.61-$31.72 consensus range. Gross margin also surged to about 87%, reflecting strong pricing power. Micron beats on revenue and earnings as global memory shortage continues
• Positive Sentiment: Fiscal Q1 2027 guidance exceeded expectations: revenue is projected at $60 billion-$63 billion versus roughly $57.2 billion expected, and EPS at $37.15-$39.15 versus about $35.36 expected. Management expects AI infrastructure demand and tight memory supply to support continued growth. Micron forecasts quarterly revenue above estimates
• Positive Sentiment: Longer-term visibility improved through 26 strategic customer agreements covering more than 35% of estimated revenue through 2030, alongside $32 billion in customer financial commitments. Management anticipates supply-demand tightness through 2027-2028, potentially making the memory cycle more durable than prior cycles. Micron Q4 2026: These Numbers Don’t Look Real
• Neutral Sentiment: The results reinforce Micron’s position as the only U.S.-based producer of high-bandwidth memory used in AI systems, but the stock has already experienced a dramatic rally. Investors may therefore demand further earnings and margin upgrades to sustain momentum.
• Negative Sentiment: Potential risks include moderating DRAM pricing outside AI applications, increasing non-HBM supply from China, and concerns that Micron’s highly cyclical memory market could eventually normalize. Netlist also filed a complaint seeking a U.S. import ban on certain Micron chips used in AI products, creating a legal overhang. Netlist seeks U.S. import ban on Micron chips

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.