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

Micron Technology (NASDAQ:MU) was upgraded by equities research analysts at BNP Paribas from a “strong sell” rating to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

A number of other research analysts have also commented on MU. Summit Insights raised Micron Technology to a “strong-buy” rating in a report on Tuesday, September 23rd. Wall Street Zen raised Micron Technology from a “buy” rating to a “strong-buy” rating in a report on Sunday. Robert W. Baird upped their price objective on Micron Technology from $163.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, June 27th. The Goldman Sachs Group upped their price objective on Micron Technology from $145.00 to $180.00 and gave the company a “neutral” rating in a report on Thursday, October 9th. Finally, Wedbush upped their price objective on Micron Technology from $200.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, September 24th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $194.57.

Micron Technology Stock Down 3.0%

MU opened at $187.06 on Monday. Micron Technology has a 1-year low of $61.54 and a 1-year high of $201.00. The stock’s fifty day simple moving average is $146.06 and its 200 day simple moving average is $115.39. 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 $209.97 billion, a PE ratio of 24.65, a price-to-earnings-growth ratio of 0.42 and a beta of 1.56.

Micron Technology (NASDAQ:MU) last posted its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.86. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The business had revenue of $11.32 billion for the quarter, compared to analysts’ expectations of $11.05 billion. During the same quarter in the prior year, the business earned $1.18 EPS. The firm’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. As a group, research analysts expect that Micron Technology will post 6.08 earnings per share for the current year.

Insider Transactions at Micron Technology

In related news, EVP April S. Arnzen sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $164.04, for a total value of $2,460,600.00. Following the sale, the executive vice president directly owned 131,580 shares of the company’s stock, valued at $21,584,383.20. This trade represents a 10.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available 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 completion of the sale, the chief executive officer directly owned 272,648 shares in the company, valued at $51,385,968.56. This trade represents a 7.33% 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. 0.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Micron Technology

Large investors have recently bought and sold shares of the company. Mission Wealth Management LP raised its position in Micron Technology by 195.2% in the first quarter. Mission Wealth Management LP now owns 15,650 shares of the semiconductor manufacturer’s stock valued at $1,360,000 after purchasing an additional 10,348 shares during the last quarter. Clarius Group LLC raised its position in Micron Technology by 57.9% in the first quarter. Clarius Group LLC now owns 14,238 shares of the semiconductor manufacturer’s stock valued at $1,237,000 after purchasing an additional 5,220 shares during the last quarter. Kera Capital Partners Inc. bought a new position in Micron Technology in the second quarter valued at about $211,000. Tcfg Wealth Management LLC bought a new position in Micron Technology in the second quarter valued at about $208,000. Finally, Krilogy Financial LLC raised its position in Micron Technology by 21.5% in the second quarter. Krilogy Financial LLC now owns 27,190 shares of the semiconductor manufacturer’s stock valued at $3,351,000 after purchasing an additional 4,812 shares during the last quarter. 80.84% of the stock is currently owned by 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.