Micron Technology (NASDAQ:MU) Stock Rating Upgraded by New Street Research

Key Points

• New Street Research upgraded Micron Technology to “buy” from “neutral” and set a $1,250 price target, implying 31.6% upside. The analyst consensus is also “Buy,” with an average target of $1,259.97.
• Micron reported quarterly EPS of $25.11 versus the $21.39 consensus and revenue of $41.46 billion versus $35.91 billion expected, while revenue surged 345.8% year over year. Strong AI infrastructure spending is supporting demand for high-bandwidth memory and improving visibility into future sales.
• Despite bullish analyst sentiment, insiders sold roughly $167.8 million of stock over the past 90 days, while competition from China’s YMTC and a new Netlist patent lawsuit present potential risks.

Micron Technology (NASDAQ:MU - Get Free Report) was upgraded by New Street Research from a "neutral" rating to a "buy" rating in a research report issued to clients and investors on Friday. The firm presently has a $1,250.00 price target on the semiconductor manufacturer's stock. New Street Research's target price suggests a potential upside of 31.60% from the company's previous close.

Several other analysts have also recently issued reports on MU. Bank of America upped their price target on shares of Micron Technology from $950.00 to $1,500.00 and gave the company a "buy" rating in a report on Tuesday, June 23rd. Royal Bank Of Canada raised their price objective on shares of Micron Technology from $1,200.00 to $1,500.00 and gave the stock an "outperform" rating in a report on Thursday, June 25th. Wedbush boosted their target price on shares of Micron Technology from $1,300.00 to $1,400.00 and gave the stock an "outperform" rating in a research report on Thursday, June 25th. Weiss Ratings restated a "buy (b)" rating on shares of Micron Technology in a research note on Friday, August 7th. Finally, Susquehanna increased their price target on shares of Micron Technology from $1,750.00 to $2,000.00 and gave the stock a "positive" rating in a research report on Thursday, June 25th. Four research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $1,259.97.

Micron Technology Price Performance

Shares of NASDAQ MU opened at $949.83 on Friday. Micron Technology has a fifty-two week low of $113.46 and a fifty-two week high of $1,255.00. The business has a 50 day moving average price of $963.34 and a two-hundred day moving average price of $675.00. 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 firm has a market cap of $1.07 trillion, a PE ratio of 21.50 and a beta of 2.18.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its earnings results on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $21.39 by $3.72. The company had revenue of $41.46 billion for the quarter, compared to analyst estimates of $35.91 billion. Micron Technology had a return on equity of 71.13% and a net margin of 55.91%.Micron Technology's quarterly revenue was up 345.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.91 EPS. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. Sell-side analysts expect that Micron Technology will post 72.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Micron Technology

In other Micron Technology news, Director Lynn A. Dugle sold 1,300 shares of the firm's stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $1,150.43, for a total value of $1,495,559.00. Following the transaction, the director owned 17,728 shares of the company's stock, valued at $20,394,823.04. This trade represents a 6.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP April S. Arnzen sold 40,000 shares of Micron Technology 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 transaction, the executive vice president owned 85,737 shares of the company's stock, valued at approximately $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. Over the last 90 days, insiders sold 162,179 shares of company stock valued at $167,811,861. Corporate insiders own 0.24% of the company's stock.

Institutional Trading of Micron Technology

Institutional investors and hedge funds have recently made changes to their positions in the stock. Andar Capital Management HK Ltd lifted its stake in Micron Technology by 856,960.3% in the second 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 buying an additional 34,278,413 shares during the last quarter. Norges Bank acquired a new stake in shares of Micron Technology in the 4th quarter worth about $6,433,456,000. AQR Capital Management LLC increased its holdings in shares of Micron Technology by 411.9% in the 3rd quarter. AQR Capital Management LLC now owns 3,627,022 shares of the semiconductor manufacturer's stock worth $606,873,000 after acquiring an additional 2,918,535 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Micron Technology by 1,340.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,820,986 shares of the semiconductor manufacturer's stock valued at $805,148,000 after purchasing an additional 2,625,169 shares during the last quarter. Finally, Amundi lifted its position in Micron Technology by 65.0% in the 4th quarter. Amundi now owns 4,989,400 shares of the semiconductor manufacturer's stock valued at $1,424,025,000 after purchasing an additional 1,965,319 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Micron Technology News Roundup

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

About Micron Technology

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source