Micron Technology (NASDAQ:MU) Stock Rating Reaffirmed as Overweight by Cantor Fitzgerald

Key Points

• Cantor Fitzgerald reaffirmed its Overweight rating on Micron Technology and set a $2,000 price target, implying 87.77% upside from the reported current price. Analysts overall maintain a “Moderate Buy” consensus, with 40 Buy ratings and five Holds.
• Micron reported quarterly EPS of $33.42 and revenue of $54.23 billion, beating estimates, while revenue surged 379% year over year. Strong AI data-center and high-bandwidth memory demand also drove above-consensus fiscal Q1 2027 guidance.
• Insiders sold approximately $90.9 million of stock during the latest quarter, while institutional investors own 80.84% of Micron’s shares. More than 75% of expected 2027 output is reportedly committed, underscoring continued tightness in memory markets.

Micron Technology (NASDAQ:MU - Get Free Report)'s stock had its "overweight" rating reissued by stock analysts at Cantor Fitzgerald in a research report issued on Thursday, Benzinga reports. They presently have a $2,000.00 target price on the semiconductor manufacturer's stock. Cantor Fitzgerald's price target would suggest a potential upside of 87.77% from the company's current price.

A number of other brokerages also recently weighed in on MU. ThinkEquity reiterated a "buy" rating on shares of Micron Technology in a report on Monday, August 3rd. Itau BBA Securities increased their target price on shares of Micron Technology from $1,243.78 to $1,697.09 and gave the stock an "outperform" rating in a report on Wednesday, July 22nd. BMO Capital Markets reaffirmed an "outperform" rating on shares of Micron Technology in a report on Thursday. Needham & Company LLC reiterated a "buy" rating and set a $1,650.00 price objective on shares of Micron Technology in a research note on Thursday. Finally, William Blair set a $1,300.00 target price on shares of Micron Technology in a report on Thursday. Forty equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Micron Technology has a consensus rating of "Moderate Buy" and an average target price of $1,378.08.

Micron Technology Price Performance

MU opened at $1,065.11 on Thursday. The company has a market capitalization of $1.20 trillion, a P/E ratio of 24.11, a PEG ratio of 0.67 and a beta of 2.22. The company has a 50-day moving average of $952.75 and a 200-day moving average of $814.16. 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 has a 1-year low of $165.50 and a 1-year high of $1,255.00.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, topping analysts' consensus estimates of $31.72 by $1.70. The business had revenue of $54.23 billion during the quarter, compared to the consensus estimate of $51.33 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.The company's revenue for the quarter was up 379.1% compared to the same quarter last year. During the same period last year, the firm earned $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Equities analysts expect that Micron Technology will post 73.12 EPS for the current fiscal year.

Insider Transactions at Micron Technology

In other news, CEO Sanjay Mehrotra sold 40,000 shares of the firm's stock in a transaction 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 transaction, the chief executive officer directly owned 264,503 shares of the company's stock, valued at approximately $256,276,956.70. This trade represents a 13.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Scott Allen sold 879 shares of the company's stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the completion of the sale, the chief accounting officer directly owned 34,958 shares of the company's stock, valued at $34,958,000. The trade was a 2.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 95,879 shares of company stock valued at $90,939,466. 0.24% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Micron Technology

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Andar Capital Management HK Ltd boosted its stake 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 valued at $39,571,847,000 after purchasing an additional 34,278,413 shares in the last quarter. Primecap Management Co. CA acquired a new stake in shares of Micron Technology in the second quarter valued at $22,182,263,000. Bank of America Corp DE boosted its stake in Micron Technology by 26.6% during 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 buying an additional 2,136,470 shares in the last quarter. Invesco Ltd. boosted its stake in Micron Technology by 1.6% during the fourth quarter. Invesco Ltd. now owns 9,777,239 shares of the semiconductor manufacturer's stock valued at $2,790,522,000 after buying an additional 155,073 shares in the last quarter. Finally, Legal & General Group Plc bought a new stake in Micron Technology in the second quarter worth about $8,402,393,000. Institutional investors 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: Micron reported adjusted EPS of $33.42 on $54.23 billion in revenue, exceeding consensus estimates of approximately $31.72 EPS and $51.33 billion in revenue. Revenue increased 379% year over year, driven by artificial-intelligence data-center demand and high-bandwidth memory (HBM). Micron beats on revenue and earnings as global memory shortage continues
• Positive Sentiment: Fiscal first-quarter 2027 guidance was well above Wall Street expectations, with revenue projected at $60 billion-$63 billion versus a $57.2 billion consensus estimate and EPS of $37.15-$39.15 versus $35.36 expected. The outlook signals that AI-related memory demand and pricing power remain strong. Micron forecasts quarterly revenue above estimates
• Positive Sentiment: More than 75% of Micron’s expected 2027 output is reportedly committed, while analysts see memory markets remaining tight into 2028. D.A. Davidson maintained a Buy rating and raised its price target to $2,100 from $2,000. D.A. Davidson raises Micron price target

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.