Micron Technology (NASDAQ:MU) Raised to Strong-Buy at Wall Street Zen

Micron Technology (NASDAQ:MU) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Sunday.

Several other research firms have also recently weighed in on MU. Arete Research raised shares of Micron Technology to a “strong-buy” rating in a research note on Friday, July 18th. Stifel Nicolaus increased their price objective on shares of Micron Technology from $173.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, September 22nd. Cantor Fitzgerald increased their price objective on shares of Micron Technology from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, September 24th. Needham & Company LLC increased their price objective on shares of Micron Technology from $150.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Finally, Zacks Research upgraded shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 19th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $194.57.

Micron Technology Stock Performance

MU opened at $192.77 on Friday. The stock has a market capitalization of $216.38 billion, a price-to-earnings ratio of 25.40, a PEG ratio of 0.40 and a beta of 1.56. The company has a fifty day moving average of $144.50 and a 200 day moving average of $114.89. Micron Technology has a fifty-two week low of $61.54 and a fifty-two week high of $201.00. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52.

Micron Technology (NASDAQ:MU) last posted its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share for the quarter, meeting the consensus estimate of $2.86. The company had revenue of $11.32 billion during the quarter, compared to analysts’ expectations of $11.05 billion. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. Micron Technology’s quarterly revenue was up 46.1% on a year-over-year basis. During the same period last year, the company posted $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, sell-side analysts forecast that Micron Technology will post 6.08 earnings per share for the current fiscal year.

Insider Transactions at Micron Technology

In other news, Director Richard M. Beyer sold 5,552 shares of the firm’s stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $155.68, for a total value of $864,335.36. Following the completion of the sale, the director owned 96,031 shares in the company, valued at approximately $14,950,106.08. This trade represents a 5.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP April S. Arnzen sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $164.04, for a total transaction of $2,460,600.00. Following the completion of the sale, the executive vice president owned 131,580 shares of the company’s stock, valued at $21,584,383.20. This trade represents a 10.23% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 146,956 shares of company stock worth $22,841,025. 0.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MU. Norges Bank purchased a new position in Micron Technology during the 2nd quarter valued at about $1,980,700,000. Nuveen LLC purchased a new position in Micron Technology during the 1st quarter valued at about $369,191,000. Slate Path Capital LP purchased a new position in Micron Technology during the 2nd quarter valued at about $317,751,000. Vanguard Group Inc. increased its position in Micron Technology by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer’s stock valued at $8,854,644,000 after purchasing an additional 2,049,163 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in Micron Technology by 23.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer’s stock valued at $922,467,000 after purchasing an additional 2,038,641 shares during the period. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Micron Technology Company Profile

Micron Technology, Inc designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides memory and storage technologies comprising dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; non-volatile and re-writeable semiconductor storage devices; and non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels.