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

Micron Technology (NASDAQ:MU)‘s stock had its “outperform” rating restated by analysts at Wedbush in a report issued on Monday, Benzinga reports. They presently have a $1,400.00 price objective on the semiconductor manufacturer’s stock. Wedbush’s price objective would indicate a potential upside of 31.44% from the company’s previous close.

Other equities analysts also recently issued reports about the company. JPMorgan Chase & Co. boosted their price objective on Micron Technology from $550.00 to $1,540.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Weiss Ratings restated a “buy (b)” rating on shares of Micron Technology in a research report on Friday, August 7th. Wolfe Research set a $1,500.00 target price on Micron Technology in a research report on Thursday, June 25th. Sanford C. Bernstein set a $1,300.00 target price on Micron Technology and gave the stock an “outperform” rating in a research report on Monday, June 22nd. Finally, Seaport Research Partners restated a “buy” rating on shares of Micron Technology in a research report on Friday, August 14th. One 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 company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,348.03.

Micron Technology Stock Performance

Shares of NASDAQ MU traded up $0.03 during midday trading on Monday, hitting $1,065.11. 30,182,194 shares of the company’s stock were exchanged, compared to its average volume of 41,938,227. 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 stock’s 50 day moving average price is $952.75 and its 200-day moving average price is $814.16. The firm has a market cap of $1.20 trillion, a P/E ratio of 24.11, a PEG ratio of 0.66 and a beta of 2.22. Micron Technology has a twelve month low of $165.50 and a twelve month high of $1,255.00.

Insider Activity

In related news, CAO Scott R. Allen sold 879 shares of Micron Technology stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total value of $879,000.00. Following the transaction, the chief accounting officer directly owned 34,958 shares in the company, valued at $34,958,000. The trade was a 2.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology 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 in the company, valued at $256,276,956.70. The trade was a 13.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 95,879 shares of company stock worth $90,939,466. Insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On Micron Technology

A number of hedge funds have recently modified their holdings of MU. Greenwich Wealth Management LLC grew its holdings in shares of Micron Technology by 3.0% in the 2nd quarter. Greenwich Wealth Management LLC now owns 1,253 shares of the semiconductor manufacturer’s stock worth $1,446,000 after acquiring an additional 36 shares during the last quarter. QRG Capital Management Inc. raised its stake in Micron Technology by 5.0% during the 2nd quarter. QRG Capital Management Inc. now owns 216,617 shares of the semiconductor manufacturer’s stock valued at $250,039,000 after purchasing an additional 10,384 shares during the period. Envestnet Portfolio Solutions Inc. raised its stake in Micron Technology by 317.5% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 39,606 shares of the semiconductor manufacturer’s stock valued at $45,716,000 after purchasing an additional 30,119 shares during the period. Envestnet Asset Management Inc. raised its stake in Micron Technology by 14.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 756,236 shares of the semiconductor manufacturer’s stock valued at $872,906,000 after purchasing an additional 96,472 shares during the period. Finally, Silicon Valley Capital Partners raised its stake in Micron Technology by 12.3% during the 2nd quarter. Silicon Valley Capital Partners now owns 7,387 shares of the semiconductor manufacturer’s stock valued at $8,527,000 after purchasing an additional 809 shares during the period. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology News Roundup

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.