Micron Technology (NASDAQ:MU) Given “Outperform” Rating at Wedbush

Wedbush reaffirmed their outperform rating on shares of Micron Technology (NASDAQ:MU) in a research report report published on Monday,Benzinga reports. They currently have a $1,400.00 target price on the semiconductor manufacturer’s stock.

A number of other brokerages have also commented on MU. ThinkEquity reiterated a “buy” rating on shares of Micron Technology in a report on Monday, August 3rd. Susquehanna raised their price target on shares of Micron Technology from $1,750.00 to $2,000.00 and gave the company a “positive” rating in a research note on Thursday, June 25th. Arete Research boosted their target price on Micron Technology from $852.00 to $1,500.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. New Street Research raised Micron Technology from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $470.00 to $1,250.00 in a research report on Friday, August 14th. Finally, Sanford C. Bernstein set a $1,300.00 target price on shares of Micron Technology and gave the stock an “outperform” rating in a report on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,348.03.

Micron Technology Trading Down 2.6%

MU stock opened at $1,053.98 on Monday. The company has a market cap of $1.19 trillion, a price-to-earnings ratio of 23.86, a PEG ratio of 0.68 and a beta of 2.22. Micron Technology has a 52 week low of $159.97 and a 52 week high of $1,255.00. 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 business has a fifty day simple moving average of $948.75 and a 200-day simple moving average of $804.96.

Insider Transactions at Micron Technology

In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of the business’s stock in a transaction dated 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 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. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Sumit Sadana sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total value of $14,014,350.00. Following the sale, the executive vice president directly owned 191,021 shares of the company’s stock, valued at $178,469,010.09. This trade represents a 7.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 135,879 shares of company stock worth $134,297,066 in the last ninety days. Company insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of MU. Bullseye Investment Management LLC bought a new position in Micron Technology during the second quarter valued at about $27,000. Montgomery Financial Services LLC bought a new stake in shares of Micron Technology during the 2nd quarter worth about $38,000. JNBA Financial Advisors boosted its stake in shares of Micron Technology by 77.3% during the 2nd quarter. JNBA Financial Advisors now owns 39 shares of the semiconductor manufacturer’s stock worth $45,000 after acquiring an additional 17 shares in the last quarter. Ramsey Quantitative Systems acquired a new position in shares of Micron Technology during the 2nd quarter valued at about $46,000. Finally, RHL Group LLC acquired a new position in shares of Micron Technology during the 2nd quarter valued at about $47,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

More Micron Technology News

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

• Positive Sentiment: Strong AI-driven demand supports the outlook. Analysts expect tight HBM4, DRAM and NAND supplies, rising memory prices and accelerating data-center demand to drive substantial revenue and earnings growth. Micron’s prior guidance called for approximately $50 billion in revenue, adjusted EPS near $31 and an 86% gross margin. AI Boom-Led Memory Chip Demand to Boost Micron’s DRAM Revenues in Q4
• Positive Sentiment: Analysts remain bullish. Wedbush reaffirmed an Outperform rating with a $1,400 target, while Baird raised its target to $1,520 and JPMorgan reiterated an Overweight rating with a $1,540 target. Wedbush also sees potential fourth-quarter EPS in the mid-$30s if DRAM and NAND prices rise by the mid-teens. Micron Poised for Upside as Memory Prices Climb
• Neutral Sentiment: Earnings volatility is elevated. Options traders anticipate an approximately 8.6% post-earnings move, making the September 30 report a major near-term catalyst. Investors will focus not only on fourth-quarter results but also on fiscal 2027 pricing, supply constraints and the durability of AI spending. Here’s How Much Traders Expect Micron Stock to Move After Earnings
• Negative Sentiment: Expectations may be stretched. Wall Street expects revenue to increase more than 352% year over year to about $51.19 billion and adjusted EPS to reach $31.62. After the stock’s substantial advance, any indication that growth or margins may peak could prompt profit-taking.
• Negative Sentiment: Macro and industry risks are weighing on sentiment. Higher bond yields and crude oil prices are pressuring growth stocks, while an OpenAI pause in testing some advanced models has revived concerns about the pace of AI investment. Acer’s CEO also cautioned that memory prices may not keep rising as long as investors expect. Acer’s CEO Has a Warning for Micron Technology Investors

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.