Micron Technology (NASDAQ:MU) Research Coverage Started at BMO Capital Markets

BMO Capital Markets assumed coverage on shares of Micron Technology (NASDAQ:MU) in a report issued on Friday morning, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $1,300.00 target price on the semiconductor manufacturer’s stock.

Several other research analysts have also recently weighed in on MU. Zacks Research cut shares of Micron Technology from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 19th. Sanford C. Bernstein set a $1,300.00 target price on shares of Micron Technology in a report on Monday, June 22nd. Needham & Company LLC lifted their target price on shares of Micron Technology from $1,550.00 to $1,650.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. 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 report on Thursday, June 25th. Finally, Wolfe Research set a $1,500.00 target price on shares of Micron Technology in a research note on Thursday, June 25th. Four research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $1,261.26.

Micron Technology Stock Performance

Micron Technology stock opened at $966.78 on Friday. Micron Technology has a one year low of $114.25 and a one year high of $1,255.00. The business’s fifty day moving average is $967.02 and its 200 day moving average is $698.10. The stock has a market capitalization of $1.09 trillion, a PE ratio of 21.89 and a beta of 2.19. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98.

Micron Technology (NASDAQ:MU) last issued its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, topping analysts’ consensus estimates of $21.39 by $3.72. The business had revenue of $41.46 billion during the quarter, compared to analyst estimates of $35.91 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.Micron Technology’s revenue was up 345.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, sell-side analysts predict that Micron Technology will post 72.93 EPS for the current year.

Micron Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Monday, July 6th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Monday, July 6th. Micron Technology’s dividend payout ratio is currently 1.36%.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, EVP April S. Arnzen sold 40,000 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $1,083.94, for a total value of $43,357,600.00. Following the transaction, the executive vice president directly owned 85,737 shares in the company, valued at approximately $92,933,763.78. This trade represents a 31.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Sumit Sadana sold 15,000 shares of Micron Technology stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the transaction, the executive vice president owned 191,021 shares in the company, valued at $178,469,010.09. This represents a 7.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 177,179 shares of company stock valued at $181,826,211 in the last quarter. Insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On Micron Technology

Institutional investors and hedge funds have recently bought and sold shares of the stock. Heritage Trust Co grew its stake in shares of Micron Technology by 9.7% during the 4th quarter. Heritage Trust Co now owns 15,026 shares of the semiconductor manufacturer’s stock worth $4,289,000 after purchasing an additional 1,323 shares during the period. Castleark Management LLC acquired a new stake in shares of Micron Technology in the first quarter valued at about $3,709,000. Legacy Wealth Management LLC MS lifted its stake in shares of Micron Technology by 73.3% in the second quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer’s stock valued at $4,091,000 after purchasing an additional 1,499 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in Micron Technology by 16.0% during the second quarter. Oppenheimer & Co. Inc. now owns 48,520 shares of the semiconductor manufacturer’s stock worth $56,006,000 after buying an additional 6,702 shares in the last quarter. Finally, Financial Synergies Wealth Advisors Inc. purchased a new stake in Micron Technology during the fourth quarter worth about $1,316,000. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: $10 billion research commitment: Micron unveiled Micron Research Labs in Boise, backed by a planned $10 billion investment over the next decade. The facility will focus on memory, advanced packaging, computing systems and future semiconductor manufacturing, potentially strengthening Micron’s position in AI infrastructure. Micron Research Labs announcement
• Positive Sentiment: Strong AI demand outlook: CEO Sanjay Mehrotra said AI has fundamentally changed the traditional boom-and-bust memory cycle and that AI systems cannot scale without memory. Tight supply and demand for high-bandwidth memory, server DRAM and data-center products remain key bullish catalysts. Micron CEO AI demand comments
• Positive Sentiment: Upbeat analyst coverage: BMO Capital Markets initiated coverage with an “outperform” rating and a $1,300 price target. Separately, D.A. Davidson analyst Gil Luria reportedly raised his target to $2,000, keeping a Buy rating. These forecasts suggest analysts expect AI-driven memory pricing and earnings to support further gains. Micron price target commentary
• Positive Sentiment: Positive sector momentum: Strong demand and SK hynix’s $28.6 billion buyback are supporting confidence across memory stocks. Investors are also watching Nvidia’s upcoming earnings for evidence that AI infrastructure spending remains robust. Nvidia and Micron AI outlook
• Neutral Sentiment: Long-term expansion versus execution risk: Micron’s broader $50 billion Idaho manufacturing buildout should increase U.S. capacity and support future growth, but the scale of the spending raises capital-allocation, construction and execution risks.
• Negative Sentiment: Valuation and cyclicality concerns: Commentary warns that Micron’s record revenue has been driven primarily by higher memory prices rather than substantial shipment growth. Bears argue that memory remains cyclical and that AI optimism may already be reflected in the stock’s substantial prior rally. Micron memory price analysis
• Negative Sentiment: Market and analyst pressure: Rising Treasury yields have weighed on growth stocks, while Zacks Research downgraded Micron from “strong buy” to “hold.” Michael Burry’s warning that AI infrastructure may contain excessive leverage adds to broader sector risk.
• Negative Sentiment: Insider and institutional selling: EVP Sumit Sadana sold 15,000 shares for approximately $14 million, and Stanley Druckenmiller’s fund reportedly exited Micron during the second quarter. Neither transaction necessarily signals deteriorating fundamentals, but both can reinforce profit-taking concerns after the sharp advance. Micron insider sale
• Negative Sentiment: No near-term buyback: Micron is prioritizing large investments and cannot immediately match rivals’ aggressive repurchases, reducing a potential source of near-term shareholder support. Micron buyback analysis

Micron Technology Company Profile

Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.