Micron Technology’s (MU) “Outperform” Rating Reaffirmed at Royal Bank Of Canada

Micron Technology (NASDAQ:MU)‘s stock had its “outperform” rating reaffirmed by Royal Bank Of Canada in a research note issued to investors on Friday, September 18th, Benzinga reports. They currently have a $1,500.00 target price on the semiconductor manufacturer’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 38.60% from the stock’s previous close.

Other analysts have also issued research reports about the stock. Wolfe Research set a $1,500.00 price objective on shares of Micron Technology in a research report on Thursday, June 25th. BMO Capital Markets initiated coverage on shares of Micron Technology in a research note on Friday, August 21st. They issued an “outperform” rating and a $1,300.00 target price for the company. DA Davidson lifted their target price on shares of Micron Technology from $1,500.00 to $2,000.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Citigroup reduced their target price on shares of Micron Technology from $1,400.00 to $1,150.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Finally, Raymond James Financial lifted their target price on shares of Micron Technology from $1,100.00 to $1,500.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,341.87.

Micron Technology Stock Performance

MU stock traded up $1.75 during mid-day trading on Friday, hitting $1,082.28. The company had a trading volume of 20,850,450 shares, compared to its average volume of 42,230,863. The firm has a market cap of $1.22 trillion, a PE ratio of 24.50, a price-to-earnings-growth ratio of 0.69 and a beta of 2.22. 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 has a 12 month low of $155.18 and a 12 month high of $1,255.00. The stock’s fifty day moving average price is $940.32 and its two-hundred day moving average price is $795.50.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, topping the consensus estimate of $21.39 by $3.72. The business had revenue of $41.46 billion for the quarter, compared to analyst estimates of $35.91 billion. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The company’s revenue for the quarter was up 345.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.91 earnings per share. On average, analysts forecast that Micron Technology will post 72.99 earnings per share for the current fiscal year.

Insider Transactions at Micron Technology

In related news, Director Lynn Dugle sold 1,300 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $1,150.43, for a total transaction 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. The trade was a 6.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Scott Allen sold 879 shares of the business’s stock in a transaction that occurred 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 transaction, the chief accounting officer directly owned 34,958 shares of the company’s stock, valued at approximately $34,958,000. This represents a 2.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 137,179 shares of company stock valued at $135,792,625. 0.24% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Micron Technology

Hedge funds have recently bought and sold shares of the company. Andar Capital Management HK Ltd grew its stake 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 acquiring an additional 34,278,413 shares in the last quarter. Primecap Management Co. CA purchased a new position in Micron Technology in the 2nd quarter worth approximately $22,182,263,000. Bank of America Corp DE grew its stake in Micron Technology by 26.6% in the 2nd quarter. Bank of America Corp DE now owns 10,174,757 shares of the semiconductor manufacturer’s stock worth $11,744,621,000 after buying an additional 2,136,470 shares in the last quarter. Legal & General Group Plc purchased a new position in Micron Technology in the 2nd quarter worth approximately $8,402,393,000. Finally, Norges Bank purchased a new position in Micron Technology in the 4th quarter worth approximately $6,433,456,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Micron Technology News Summary

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

• Positive Sentiment: Analysts remain highly optimistic ahead of earnings. Rosenblatt reaffirmed a Buy rating and a $1,500 price target, while UBS maintained a $1,625 target, citing rising earnings, stock buybacks and potentially durable profits from long-term contracts. Analyst sets Micron stock price target
• Positive Sentiment: Wall Street expects a sharp year-over-year increase in fourth-quarter revenue and adjusted earnings, with forecasts near $31.50 per share. Analysts expect AI-driven memory demand, favorable supply-demand conditions and higher prices to support a potential “beat-and-raise” quarter. Micron likely to beat Q4 earnings estimates
• Positive Sentiment: Technical indicators are signaling a strong bullish setup, and broader market conditions—including easing oil prices and lower Treasury yields—also helped support semiconductor shares. Why Micron stock is rising ahead of earnings
• Neutral Sentiment: Investors will focus on gross-margin and capital-spending guidance, as well as management’s outlook for memory pricing and AI demand. These metrics could determine whether the stock’s substantial rally can continue. Two numbers to watch in Micron earnings
• Negative Sentiment: Valuation and volatility remain risks after MU’s dramatic advance. Some analysts argue that AI growth may already be reflected in the share price, while NVIDIA offers broader AI exposure, higher margins and stronger return on equity. Micron versus NVIDIA
• Negative Sentiment: Potential headwinds include the cyclical nature of memory markets, the possibility that China increases supply and pricing pressure, and an ITC investigation involving Netlist patent-infringement claims that could seek import restrictions. China memory pricing concerns

About Micron Technology

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.