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

Royal Bank Of Canada reaffirmed their outperform rating on shares of Micron Technology (NASDAQ:MU) in a report released on Friday morning,Benzinga reports. They currently have a $1,500.00 price objective on the semiconductor manufacturer’s stock.

A number of other equities analysts have also recently weighed in on MU. Zacks Research cut Micron Technology from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 19th. Needham & Company LLC lifted their price objective on shares of Micron Technology from $1,550.00 to $1,650.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. TD Cowen reissued a “buy” rating on shares of Micron Technology in a research report on Wednesday. DA Davidson upped their target price on shares of Micron Technology from $1,500.00 to $2,000.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Micron Technology from $1,500.00 to $1,550.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Four research 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 company’s stock. According to MarketBeat.com, Micron Technology has an average rating of “Buy” and a consensus target price of $1,295.63.

Micron Technology Stock Performance

Shares of Micron Technology stock opened at $1,015.80 on Friday. Micron Technology has a 1 year low of $154.65 and a 1 year high of $1,255.00. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.42 and a quick ratio of 2.98. The business has a 50 day moving average price of $928.01 and a 200 day moving average price of $776.17. The company has a market capitalization of $1.15 trillion, a P/E ratio of 23.00, a P/E/G ratio of 0.64 and a beta of 2.22.

Micron Technology (NASDAQ:MU) last released its quarterly earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $21.39 by $3.72. The company had revenue of $41.46 billion for the quarter, compared to analysts’ expectations of $35.91 billion. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The firm’s revenue for the quarter was up 345.8% compared to the same quarter last year. During the same period last year, the company earned $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Sell-side analysts anticipate that Micron Technology will post 72.98 EPS for the current fiscal year.

Micron Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Monday, July 6th were given 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 was Monday, July 6th. Micron Technology’s payout ratio is 1.36%.

Insider Activity at Micron Technology

In other news, CEO Sanjay Mehrotra sold 40,000 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $968.90, for a total value of $38,756,000.00. Following the completion of the transaction, the chief executive officer owned 264,503 shares of the company’s stock, valued at approximately $256,276,956.70. This represents a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP April Arnzen sold 40,000 shares of Micron Technology stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $1,083.94, for a total transaction of $43,357,600.00. Following the sale, the executive vice president owned 85,737 shares in the company, valued at approximately $92,933,763.78. This represents a 31.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 177,204 shares of company stock worth $182,156,264 in the last ninety days. 0.24% of the stock is currently owned by corporate insiders.

Institutional Trading of Micron Technology

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

Key Stories Impacting Micron Technology

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

• Positive Sentiment: RBC sees substantial valuation upside. Royal Bank of Canada reaffirmed its “Outperform” rating and assigned a $1,500 price target, arguing that Micron’s exposure to AI-driven memory demand, strategic customer agreements, and floor-pricing arrangements is not fully reflected in its valuation. RBC sees AI memory demand supporting Micron valuation
• Positive Sentiment: Memory scarcity could persist through 2027. Intel CEO Lip-Bu Tan reportedly indicated that memory prices have risen five- to sevenfold and that shortages may continue into next year. The backdrop supports Micron’s pricing power and margins, particularly in high-bandwidth memory used in AI servers. Micron and memory scarcity
• Positive Sentiment: Analysts and commentators remain bullish on AI infrastructure. Jim Cramer ranked Micron second on his technology-stock list, while other coverage highlighted Micron’s position as a major HBM supplier and NVIDIA’s increasing memory requirements. The company’s new 512GB DDR5 server module also strengthens its long-term data-center opportunity. Micron 512GB memory module
• Neutral Sentiment: Earnings are the next major catalyst. Micron has a history of exceeding estimates, and investors expect another strong report on September 30. However, the stock’s large prior gains raise expectations, making guidance on memory pricing, HBM supply, capital spending, and potential buybacks especially important.
• Negative Sentiment: Competitive and execution risks remain. Chinese memory maker CXMT is expanding its NAND capabilities, potentially increasing long-term competition. Separately, workers at Micron’s Taiwan operation have threatened labor action over compensation, creating a possible operational risk. Concerns about slowing price growth, elevated valuation, and the cyclical nature of memory demand could also limit further gains. Micron Taiwan labor tensions

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.