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

Micron Technology (NASDAQ:MU - Get Free Report)'s stock had its "outperform" rating reissued by research analysts at Wedbush in a research note issued on Monday, Benzinga reports. They presently have a $1,400.00 target price on the semiconductor manufacturer's stock. Wedbush's target price would indicate a potential upside of 30.83% from the stock's current price.

Several other equities research analysts have also recently weighed in on MU. Deutsche Bank Aktiengesellschaft increased their price target on shares of Micron Technology from $1,500.00 to $1,550.00 and gave the company a "buy" rating in a research report on Thursday, June 25th. Bank of America raised their target price on shares of Micron Technology from $950.00 to $1,500.00 and gave the stock a "buy" rating in a research report on Tuesday, June 23rd. Zacks Research cut shares of Micron Technology from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 19th. Stifel Nicolaus raised their price objective on shares of Micron Technology from $550.00 to $1,500.00 and gave the stock a "buy" rating in a report on Thursday, June 18th. Finally, Argus lowered their target price on shares of Micron Technology from $1,500.00 to $540.00 and set a "buy" rating for the company in a report on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $1,348.03.

Micron Technology Price Performance

Shares of NASDAQ:MU opened at $1,070.09 on Monday. 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 stock has a market cap of $1.21 trillion, a PE ratio of 24.23, a PEG ratio of 0.68 and a beta of 2.22. The company's fifty day moving average is $944.98 and its 200 day moving average is $800.38. Micron Technology has a 52 week low of $159.97 and a 52 week high of $1,255.00.

Insider Activity

In related news, Director Lynn A. Dugle sold 1,300 shares of the company's stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $1,150.43, for a total transaction of $1,495,559.00. Following the sale, the director owned 17,728 shares of the company's stock, valued at $20,394,823.04. This represents a 6.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP April S. Arnzen sold 40,000 shares of the firm's stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $1,083.94, for a total value of $43,357,600.00. Following the completion of the sale, the executive vice president directly owned 85,737 shares of the company's stock, valued at $92,933,763.78. The trade was a 31.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 137,179 shares of company stock valued at $135,792,625 in the last quarter. Company insiders own 0.24% of the company's stock.

Institutional Trading of Micron Technology

A number of hedge funds and other institutional investors have recently bought and sold shares of MU. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Micron Technology in the first quarter valued at approximately $27,000. Bullseye Investment Management LLC bought a new position in Micron Technology in the second quarter worth about $27,000. Bayban bought a new position in shares of Micron Technology during the 4th quarter worth approximately $29,000. Financial Life Planners acquired a new position in shares of Micron Technology during the first quarter worth $36,000. Finally, Portus Wealth Advisors LLC acquired a new position in Micron Technology during the 1st quarter valued at about $37,000. Hedge funds and other institutional investors own 80.84% of the company's stock.

Micron Technology News Roundup

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

• Positive Sentiment: Analyst support remains strong: Wedbush reaffirmed its “Outperform” rating with a $1,400 price target, while Robert W. Baird raised its target to $1,520. JPMorgan also reiterated an “Overweight” rating and a $1,540 target. Micron Technology Stock Rating Reaffirmed as Outperform by Wedbush
• Positive Sentiment: AI-driven demand is the key bullish thesis: Tight DRAM and NAND supply, strong high-bandwidth memory demand, pricing power, and accelerated capacity expansion are expected to support sharply higher revenue, margins, and free cash flow. Analysts expect earnings per share to rise substantially year over year. Micron Technology is Printing Cash
• Positive Sentiment: Technical and options activity point to a major catalyst: MU has moved above an ascending-triangle pattern, while options traders are pricing in an approximately 8% potential move around earnings. The report and management’s outlook for fiscal 2027 will be especially important for validating the memory upcycle. Micron Stock Could Move on Q4 Earnings
• Neutral Sentiment: Earnings expectations are elevated: Investors are looking for results above guidance and evidence that exceptionally high gross margins can persist. The report could produce significant volatility depending on pricing, HBM4 demand, supply plans, and customer commitments.
• Negative Sentiment: Macro pressure is weighing on the stock: Rising bond yields and surging crude oil prices are pressuring high-growth technology shares and increasing concerns about valuation and a possible slowdown in AI spending. Micron Stock Sinks on AI Safety Fears and Higher Yields
• Negative Sentiment: Insider selling is a cautionary signal: Reported insider transactions show substantial sales and no purchases during the past six months, potentially adding investor concern after MU’s powerful rally.

About Micron Technology

Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.

Micron's products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.