Micron Technology (NASDAQ:MU) Stock Rating Upgraded by BNP Paribas

Key Points

• BNP Paribas upgraded Micron Technology's stock rating from "strong sell" to "strong buy," indicating a significant shift in investor sentiment.
• Micron's quarterly earnings report showed an EPS of $2.86, meeting expectations, and a 46.1% increase in revenue year-over-year, totaling $11.32 billion.
• Institutional investors have actively increased their stakes, with Norges Bank investing nearly $2 billion, highlighting strong institutional confidence in Micron's future performance.

Micron Technology (NASDAQ:MU - Get Free Report) was upgraded by equities research analysts at BNP Paribas from a "strong sell" rating to a "strong-buy" rating in a note issued to investors on Monday,Zacks.com reports.

Other equities research analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft increased their price target on Micron Technology from $175.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, September 24th. JPMorgan Chase & Co. upped their price target on shares of Micron Technology from $185.00 to $220.00 and gave the company an "overweight" rating in a research note on Wednesday, September 24th. Needham & Company LLC increased their price objective on shares of Micron Technology from $150.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, September 24th. Bank of America upped their price target on Micron Technology from $140.00 to $180.00 and gave the company a "neutral" rating in a research report on Wednesday, September 24th. Finally, UBS Group boosted their price target on Micron Technology from $195.00 to $225.00 and gave the company a "buy" rating in a research note on Wednesday, October 8th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Micron Technology currently has a consensus rating of "Buy" and a consensus price target of $194.57.

Micron Technology Trading Up 6.2%

NASDAQ MU opened at $192.77 on Monday. Micron Technology has a 52 week low of $61.54 and a 52 week high of $201.00. The company has a current ratio of 2.52, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. The stock has a market cap of $216.38 billion, a P/E ratio of 25.40, a PEG ratio of 0.40 and a beta of 1.56. The company's fifty day simple moving average is $144.50 and its 200-day simple moving average is $114.89.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its quarterly earnings data on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 EPS for the quarter, hitting analysts' consensus estimates of $2.86. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The company had revenue of $11.32 billion for the quarter, compared to the consensus estimate of $11.05 billion. During the same quarter in the previous year, the business earned $1.18 EPS. The company's quarterly revenue was up 46.1% compared to the same quarter last year. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Equities research analysts predict that Micron Technology will post 6.08 EPS for the current fiscal year.

Insider Buying and Selling at Micron Technology

In other news, Director Richard M. Beyer sold 5,552 shares of the company's stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $155.68, for a total value of $864,335.36. Following the completion of the transaction, the director directly owned 96,031 shares in the company, valued at approximately $14,950,106.08. This represents a 5.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sanjay Mehrotra sold 21,563 shares of the firm's stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $188.47, for a total value of $4,063,978.61. Following the transaction, the chief executive officer directly owned 272,648 shares in the company, valued at approximately $51,385,968.56. This represents a 7.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 146,956 shares of company stock worth $22,841,025 over the last 90 days. Corporate insiders own 0.30% of the company's stock.

Institutional Investors Weigh In On Micron Technology

Several institutional investors have recently bought and sold shares of MU. Norges Bank bought a new position in Micron Technology in the second quarter worth $1,980,700,000. Nuveen LLC bought a new stake in shares of Micron Technology in the 1st quarter worth approximately $369,191,000. Slate Path Capital LP purchased a new stake in shares of Micron Technology in the 2nd quarter worth approximately $317,751,000. Vanguard Group Inc. increased its position in Micron Technology by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 101,906,368 shares of the semiconductor manufacturer's stock valued at $8,854,644,000 after buying an additional 2,049,163 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Micron Technology by 23.8% in the first quarter. Goldman Sachs Group Inc. now owns 10,616,488 shares of the semiconductor manufacturer's stock worth $922,467,000 after acquiring an additional 2,038,641 shares in the last quarter. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

About Micron Technology

Micron Technology, Inc designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides memory and storage technologies comprising dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; non-volatile and re-writeable semiconductor storage devices; and non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels.

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