New Street Research Reaffirms “Neutral” Rating for Micron Technology (NASDAQ:MU)

Micron Technology (NASDAQ:MU)‘s stock had its “neutral” rating reaffirmed by New Street Research in a research note issued on Tuesday, MarketBeat Ratings reports.

Several other brokerages have also issued reports on MU. JPMorgan Chase & Co. upped their price target on Micron Technology from $185.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, September 24th. Mizuho upped their price target on Micron Technology from $182.00 to $195.00 and gave the company an “outperform” rating in a research note on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft upped their price objective on Micron Technology from $175.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, September 24th. Raymond James Financial upped their price objective on Micron Technology from $150.00 to $190.00 and gave the company an “outperform” rating in a report on Wednesday, September 24th. 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 analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $194.57.

Micron Technology Trading Up 2.6%

Shares of MU opened at $191.94 on Tuesday. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26. Micron Technology has a 12-month low of $61.54 and a 12-month high of $201.00. The firm has a market capitalization of $215.45 billion, a PE ratio of 25.29, a price-to-earnings-growth ratio of 0.41 and a beta of 1.56. The stock’s fifty day simple moving average is $147.72 and its 200-day simple moving average is $115.92.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 analyst estimates of $11.05 billion. During the same quarter in the prior year, the firm posted $1.18 earnings per share. The firm’s revenue for the quarter 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. As a group, research analysts predict that Micron Technology will post 6.08 earnings per share for the current year.

Insiders Place Their Bets

In other Micron Technology news, CEO Sanjay Mehrotra sold 21,563 shares of the business’s stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $188.47, for a total value of $4,063,978.61. Following the completion of the transaction, the chief executive officer directly owned 272,648 shares of the company’s stock, valued at approximately $51,385,968.56. The trade was a 7.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Mark J. Murphy sold 34,000 shares of the stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $109.32, for a total value of $3,716,880.00. Following 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. Insiders sold a total of 146,956 shares of company stock valued at $22,841,025 in the last three months. Insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. First Command Advisory Services Inc. grew its holdings in shares of 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 buying an additional 153 shares in the last quarter. Howard Hughes Medical Institute bought a new position in shares of Micron Technology during the second quarter worth about $30,000. AlphaQuest LLC grew its holdings in shares of 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 buying an additional 265 shares in the last quarter. WealthCollab LLC grew its holdings in shares of Micron Technology by 4,500.0% during the second quarter. WealthCollab LLC now owns 276 shares of the semiconductor manufacturer’s stock worth $34,000 after buying an additional 270 shares in the last quarter. Finally, Hilltop National Bank bought a new position in shares of Micron Technology during the second quarter worth about $37,000. 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.