Wedbush Reaffirms Outperform Rating for Micron Technology (NASDAQ:MU)

Micron Technology (NASDAQ:MU)‘s stock had its “outperform” rating reissued by stock analysts at Wedbush in a research note issued to investors on Monday, MarketBeat Ratings reports. They presently have a $1,400.00 target price on the semiconductor manufacturer’s stock. Wedbush’s price target suggests a potential upside of 30.15% from the company’s previous close.

Several other equities research analysts also recently commented on the stock. Needham & Company LLC upped their target price 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. Sanford C. Bernstein set a $1,300.00 price target on shares of Micron Technology and gave the stock an “outperform” rating in a research report on Monday, June 22nd. Itau BBA Securities boosted their price target on shares of Micron Technology from $1,243.78 to $1,697.09 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Stifel Nicolaus upped their price objective on shares of Micron Technology from $550.00 to $1,500.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. Finally, Zacks Research downgraded Micron Technology from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 19th. Forty-one equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $1,385.93.

Micron Technology Trading Down 2.0%

MU traded down $21.72 during midday trading on Monday, reaching $1,075.67. 13,208,301 shares of the company were exchanged, compared to its average volume of 41,802,316. The stock has a market capitalization of $1.21 trillion, a P/E ratio of 14.50, a PEG ratio of 0.66 and a beta of 2.22. Micron Technology has a one year low of $179.61 and a one year high of $1,255.00. The stock’s 50-day simple moving average is $954.89 and its 200 day simple moving average is $818.89. 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 (NASDAQ:MU) last announced its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, beating analysts’ consensus estimates of $31.77 by $1.65. The company had revenue of $54.23 billion during the quarter, compared to analysts’ expectations of $51.33 billion. Micron Technology had a return on equity of 110.90% and a net margin of 63.80%.Micron Technology’s revenue was up 379.1% on a year-over-year basis. During the same period in the prior year, the business posted $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, analysts forecast that Micron Technology will post 160.39 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $968.90, for a total transaction 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 $256,276,956.70. This represents a 13.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Sumit Sadana sold 15,000 shares of the firm’s stock in a transaction that occurred 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 directly owned 191,021 shares of the company’s stock, valued at $178,469,010.09. This represents a 7.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 95,879 shares of company stock worth $90,939,466. 0.24% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in MU. Andar Capital Management HK Ltd lifted its position in Micron Technology by 856,960.3% during the 2nd quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer’s stock worth $39,571,847,000 after buying an additional 34,278,413 shares in the last quarter. Primecap Management Co. CA bought a new position in shares of Micron Technology in the 2nd quarter valued at about $22,182,263,000. Bank of America Corp DE increased its position in shares of Micron Technology by 26.6% in the second quarter. Bank of America Corp DE now owns 10,174,757 shares of the semiconductor manufacturer’s stock valued at $11,744,621,000 after acquiring an additional 2,136,470 shares during the last quarter. Legal & General Group Plc bought a new stake in Micron Technology during the second quarter worth about $8,402,393,000. Finally, Wellington Management Group LLP boosted its position in Micron Technology by 28.7% during the second quarter. Wellington Management Group LLP now owns 5,045,141 shares of the semiconductor manufacturer’s stock valued at $5,823,556,000 after purchasing an additional 1,125,414 shares during the last quarter. Institutional investors own 80.84% of the company’s stock.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Micron reported fiscal Q4 revenue of $54.23 billion, up 379% year over year, and adjusted EPS of $33.42, exceeding consensus estimates. Management also forecast fiscal Q1 2027 revenue of $60 billion-$63 billion and EPS of $37.15-$39.15, both above Wall Street expectations. Micron beats on revenue and earnings as global memory shortage continues
• Positive Sentiment: AI infrastructure demand, particularly for high-bandwidth memory and data-center products, remains exceptionally strong. More than 75% of Micron’s 2027 output is committed, while customer discussions are extending into 2028 and beyond, supporting visibility into future pricing and revenue. Micron Isn’t Stepping Off The Gas
• Positive Sentiment: Analysts raised targets following the report, including D.A. Davidson’s $2,100 target and Cantor Fitzgerald’s $2,000 target. Micron also plans to increase shareholder returns, with excess cash expected to support substantial buybacks beginning in December 2026. Micron’s Highest Price Target on Wall Street Is Now $2,100
• Neutral Sentiment: Micron declared a quarterly dividend of $0.15 per share, payable October 29 to shareholders of record October 14. The dividend is small relative to the stock price but provides a modest shareholder-return catalyst.
• Negative Sentiment: Investors are questioning whether Micron’s approximately 87% gross margin is sustainable in a cyclical memory industry. Future supply increases, normalization of pricing, or weaker AI spending could cause a sharp margin and valuation correction. Micron: It May Get Worse, Not Better
• Negative Sentiment: After a gain of more than 500% over the past year, the stock faces profit-taking and a very high bar for further earnings surprises. Rising Treasury yields and broader market volatility are adding pressure to high-growth technology shares.

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.