Micron Technology (NASDAQ:MU) Stock Rating Upgraded by Wall Street Zen

Key Points

• Micron Technology's stock rating has been upgraded from "buy" to "strong-buy" by Wall Street Zen, signaling increased investor confidence.
• Several research analysts have raised their price targets for Micron Technology, with estimates reaching as high as $200.00, reflecting positive sentiment towards the company's financial outlook.
• The semiconductor manufacturer reported quarterly earnings of $1.91 per share, exceeding analysts' expectations and demonstrating a robust revenue of $9.30 billion.

Micron Technology (NASDAQ:MU - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research note issued to investors on Friday.

Other research analysts have also issued reports about the stock. Mizuho upped their price objective on shares of Micron Technology from $124.00 to $130.00 and gave the stock an "outperform" rating in a report on Thursday, June 5th. Bank of America increased their price objective on shares of Micron Technology from $84.00 to $140.00 and gave the company a "neutral" rating in a research report on Thursday, June 26th. UBS Group raised their price target on shares of Micron Technology from $120.00 to $155.00 and gave the company a "buy" rating in a report on Thursday, June 26th. JPMorgan Chase & Co. raised their price target on shares of Micron Technology from $165.00 to $185.00 and gave the company an "overweight" rating in a report on Tuesday, August 12th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $200.00 price objective on shares of Micron Technology in a report on Monday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Micron Technology has an average rating of "Moderate Buy" and a consensus price target of $147.54.

Micron Technology Price Performance

Shares of NASDAQ:MU opened at $131.37 on Friday. Micron Technology has a 12 month low of $61.54 and a 12 month high of $131.41. The stock has a market cap of $147.02 billion, a P/E ratio of 23.67 and a beta of 1.47. The company has a current ratio of 2.75, a quick ratio of 1.89 and a debt-to-equity ratio of 0.30. The company has a 50 day moving average of $117.85 and a 200 day moving average of $101.70.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its quarterly earnings data on Wednesday, June 25th. The semiconductor manufacturer reported $1.91 earnings per share for the quarter, topping analysts' consensus estimates of $1.57 by $0.34. Micron Technology had a net margin of 18.41% and a return on equity of 13.60%. The firm had revenue of $9.30 billion during the quarter, compared to analyst estimates of $8.83 billion. During the same period in the previous year, the business posted $0.62 EPS. Micron Technology has set its Q4 2025 guidance at 2.350-2.650 EPS. As a group, sell-side analysts forecast that Micron Technology will post 6.08 EPS for the current fiscal year.

Insider Activity at Micron Technology

In other news, EVP Sumit Sadana sold 92,638 shares of the business's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $125.49, for a total value of $11,625,142.62. Following the transaction, the executive vice president owned 201,326 shares of the company's stock, valued at approximately $25,264,399.74. The trade was a 31.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Scott J. Deboer sold 20,000 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $125.11, for a total value of $2,502,200.00. Following the completion of the transaction, the executive vice president directly owned 166,353 shares in the company, valued at approximately $20,812,423.83. The trade was a 10.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 264,884 shares of company stock valued at $32,363,889 over the last 90 days. 0.30% of the stock is owned by insiders.

Institutional Trading of Micron Technology

Institutional investors have recently bought and sold shares of the company. Sunbeam Capital Management LLC acquired a new position in Micron Technology in the fourth quarter valued at $26,000. First Command Advisory Services Inc. increased its stake in Micron Technology by 225.0% during the second quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer's stock worth $27,000 after acquiring an additional 153 shares during the last quarter. Howard Hughes Medical Institute acquired a new stake in Micron Technology during the second quarter worth about $30,000. Opal Wealth Advisors LLC acquired a new stake in Micron Technology during the first quarter worth about $33,000. Finally, AlphaQuest LLC increased its stake in Micron Technology by 13,250.0% during the second quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer's stock worth $33,000 after acquiring an additional 265 shares during the last quarter. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Micron Technology Company Profile

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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