Micron Technology (NASDAQ:MU) Upgraded by Wall Street Zen to Strong-Buy Rating

Key Points

• Micron Technology has been upgraded to a "strong-buy" rating by Wall Street Zen, reflecting growing investor confidence in the stock's potential.
• Multiple analysts have increased their price targets for Micron, with UBS setting it at $225 and Piper Sandler at $200, indicating a bullish outlook.
• Despite recent upgrades, Micron's stock has experienced a 5.6% decline in value, highlighting volatility in its market performance.

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 Sunday.

A number of other analysts have also commented on MU. UBS Group lifted their price target on shares of Micron Technology from $195.00 to $225.00 and gave the stock a "buy" rating in a research note on Wednesday. Bank of America lifted their price target on shares of Micron Technology from $140.00 to $180.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 24th. Susquehanna lifted their price target on shares of Micron Technology from $160.00 to $200.00 and gave the stock a "positive" rating in a research note on Wednesday, September 17th. Piper Sandler lifted their price target on shares of Micron Technology from $165.00 to $200.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 24th. Finally, The Goldman Sachs Group boosted their target price on shares of Micron Technology from $145.00 to $180.00 and gave the company a "neutral" rating in a research report on Thursday. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $191.78.

Micron Technology Stock Down 5.6%

Shares of Micron Technology stock opened at $181.60 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 2.52. The stock has a market capitalization of $203.84 billion, a PE ratio of 23.93, a price-to-earnings-growth ratio of 0.40 and a beta of 1.56. Micron Technology has a 52-week low of $61.54 and a 52-week high of $201.00. The company has a 50-day simple moving average of $142.80 and a two-hundred day simple moving average of $114.00.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its quarterly earnings results 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 net margin of 22.84% and a return on equity of 17.21%. The firm had revenue of $11.32 billion during the quarter, compared to analyst estimates of $11.05 billion. During the same period in the previous year, the business posted $1.18 earnings per share. The business's revenue for the quarter was up 46.1% on a year-over-year basis. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. On average, analysts anticipate that Micron Technology will post 6.08 EPS for the current fiscal year.

Insider Activity

In other Micron Technology news, EVP April S. Arnzen sold 15,000 shares of the company's stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $164.04, for a total value of $2,460,600.00. Following the completion of the transaction, the executive vice president directly owned 131,580 shares in the company, valued at $21,584,383.20. This represents a 10.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Mark J. Murphy sold 34,000 shares of the company's stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $109.32, for a total transaction of $3,716,880.00. Following the completion of the transaction, the chief financial officer owned 264,036 shares of the company's stock, valued at approximately $28,864,415.52. The trade was a 11.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 146,956 shares of company stock valued at $22,841,025. Company insiders own 0.30% of the company's stock.

Hedge Funds Weigh In On Micron Technology

Several hedge funds have recently modified their holdings of the stock. CHICAGO TRUST Co NA purchased a new position in shares of Micron Technology in the third quarter worth $847,000. Diversified Enterprises LLC lifted its holdings in shares of Micron Technology by 22.0% in the third quarter. Diversified Enterprises LLC now owns 2,021 shares of the semiconductor manufacturer's stock worth $338,000 after buying an additional 365 shares in the last quarter. CWC Advisors LLC. lifted its holdings in shares of Micron Technology by 2.4% in the third quarter. CWC Advisors LLC. now owns 4,563 shares of the semiconductor manufacturer's stock worth $763,000 after buying an additional 108 shares in the last quarter. Sound Income Strategies LLC lifted its holdings in shares of Micron Technology by 10.9% in the third quarter. Sound Income Strategies LLC now owns 1,531 shares of the semiconductor manufacturer's stock worth $256,000 after buying an additional 150 shares in the last quarter. Finally, BNC Wealth Management LLC purchased a new position in shares of Micron Technology in the third quarter worth $255,000. Hedge funds and other institutional investors own 80.84% of the company's stock.

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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