Micron Technology (NASDAQ:MU) Upgraded to Buy at New Street Research

Micron Technology (NASDAQ:MU) was upgraded by equities researchers at New Street Research from a “neutral” rating to a “buy” rating in a report released on Friday. The firm presently has a $1,250.00 target price on the semiconductor manufacturer’s stock. New Street Research’s price objective points to a potential upside of 31.60% from the company’s previous close.

MU has been the subject of several other research reports. Melius Research assumed coverage on Micron Technology in a report on Monday, April 27th. They issued a “buy” rating and a $700.00 price objective for the company. UBS Group reaffirmed a “buy” rating on shares of Micron Technology in a report on Monday. Needham & Company LLC boosted their price target 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. KeyCorp reissued an “overweight” rating on shares of Micron Technology in a report on Monday, July 20th. Finally, Morgan Stanley raised their price objective on shares of Micron Technology from $1,050.00 to $1,200.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $1,259.97.

Micron Technology Stock Performance

Shares of MU opened at $949.83 on Friday. The firm has a market capitalization of $1.07 trillion, a PE ratio of 21.50 and a beta of 2.18. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. The firm has a 50-day moving average price of $963.34 and a 200 day moving average price of $675.00. Micron Technology has a 52-week low of $113.46 and a 52-week high of $1,255.00.

Micron Technology (NASDAQ:MU) last announced its earnings results 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 firm had revenue of $41.46 billion for the quarter, compared to analysts’ expectations of $35.91 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The firm’s quarterly revenue was up 345.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.91 earnings per share. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, sell-side analysts anticipate that Micron Technology will post 72.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Sanjay Mehrotra sold 31,285 shares of the stock in a transaction on Friday, July 24th. The stock was sold at an average price of $926.83, for a total value of $28,995,876.55. Following the completion of the transaction, the chief executive officer owned 313,218 shares in the company, valued at $290,299,838.94. This trade represents a 9.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Scott R. Allen sold 879 shares of Micron Technology stock in a transaction dated 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 completion of the transaction, the chief accounting officer directly owned 34,958 shares in the company, valued at $34,958,000. This represents a 2.45% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 162,179 shares of company stock valued at $167,811,861. 0.24% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Micron Technology

A number of large investors have recently made changes to their positions in MU. High Note Wealth LLC grew its position in Micron Technology by 65.4% during the 4th quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 34 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Micron Technology in the first quarter valued at $27,000. Bayban purchased a new stake in shares of Micron Technology in the fourth quarter valued at $29,000. GHP Investment Advisors Inc. boosted its position in shares of Micron Technology by 91.2% in the fourth quarter. GHP Investment Advisors Inc. now owns 109 shares of the semiconductor manufacturer’s stock worth $31,000 after buying an additional 52 shares during the period. Finally, Joseph Group Capital Management acquired a new stake in shares of Micron Technology in the fourth quarter worth $31,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Key Micron Technology News

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

• Positive Sentiment: AI infrastructure spending is strengthening demand for Micron’s high-bandwidth memory (HBM), with hyperscalers continuing to invest heavily in data centers. Reports indicate that Micron’s AI memory capacity is largely committed well into 2027, supporting pricing power and visibility. Alphabet and Amazon infrastructure spending article
• Positive Sentiment: Micron launched the $250 million Micron Ventures Paradigm Fund, its largest venture fund to date. Investments across AI models, computing infrastructure, enterprise software and physical AI could deepen customer relationships and give Micron earlier insight into future memory and storage requirements. Micron Ventures fund announcement
• Positive Sentiment: Strong results and forecasts from AI infrastructure companies CoreWeave and Super Micro Computer, combined with higher capital-expenditure plans from major technology companies, are reinforcing expectations for sustained semiconductor demand. Memory-sector peers have also rallied, lifting sentiment toward MU. AI infrastructure earnings article
• Neutral Sentiment: Easing inflation concerns and expectations for less restrictive Federal Reserve policy have supported technology stocks broadly, providing an additional market backdrop for Micron’s rebound. S&P 500 and inflation article
• Negative Sentiment: Investor Michael Burry reportedly increased bearish positions involving Micron, highlighting concerns that AI-related valuations may be overheated. Such positioning could add volatility even as operating fundamentals remain strong. Michael Burry Micron short article
• Negative Sentiment: China’s YMTC has overtaken Micron in NAND shipments, raising concerns about long-term competition in lower-margin memory markets. Micron also faces a new patent-infringement action from Netlist, creating a potential legal overhang. Chinese memory-chip competition article

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.