Weiss Ratings Reaffirms “Hold (C+)” Rating for Micron Technology (NASDAQ:MU)

Micron Technology (NASDAQ:MU)‘s stock had its “hold (c+)” rating reiterated by investment analysts at Weiss Ratings in a research report issued to clients and investors on Tuesday,Weiss Ratings reports.

Several other analysts have also commented on the company. Morgan Stanley raised Micron Technology from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $160.00 to $220.00 in a report on Monday, October 6th. Wedbush lifted their price objective on Micron Technology from $200.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, September 24th. Citigroup lifted their price objective on Micron Technology from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. KGI Securities raised Micron Technology from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 24th. Finally, Cantor Fitzgerald lifted their price objective on Micron Technology from $185.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, September 24th. Five research 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $194.57.

Micron Technology Trading Up 2.6%

Shares of NASDAQ:MU opened at $191.94 on Tuesday. The company has a market cap of $215.45 billion, a P/E ratio of 25.29, a PEG ratio of 0.41 and a beta of 1.56. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79. Micron Technology has a 1 year low of $61.54 and a 1 year high of $201.00. The stock’s fifty day moving average price is $147.72 and its 200-day moving average price is $115.92.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $2.86 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.86. The firm had revenue of $11.32 billion for the quarter, compared to the consensus estimate of $11.05 billion. Micron Technology had a return on equity of 17.21% and a net margin of 22.84%.The company’s quarterly revenue was up 46.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Sell-side analysts expect that Micron Technology will post 6.08 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Sanjay Mehrotra sold 21,563 shares of the company’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 owned 272,648 shares of the company’s stock, valued at $51,385,968.56. This represents a 7.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Richard M. Beyer sold 5,552 shares of the company’s stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $155.68, for a total value of $864,335.36. Following the completion of the transaction, the director directly owned 96,031 shares of the company’s stock, valued at approximately $14,950,106.08. This trade represents a 5.47% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 146,956 shares of company stock worth $22,841,025. 0.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Micron Technology

Hedge funds have recently made changes to their positions in the company. Brighton Jones LLC raised its position in Micron Technology by 18.3% during the fourth quarter. Brighton Jones LLC now owns 6,318 shares of the semiconductor manufacturer’s stock valued at $532,000 after purchasing an additional 976 shares during the period. GAMMA Investing LLC raised its position in Micron Technology by 20.5% during the first quarter. GAMMA Investing LLC now owns 21,561 shares of the semiconductor manufacturer’s stock valued at $1,873,000 after purchasing an additional 3,667 shares during the period. Opal Wealth Advisors LLC purchased a new stake in Micron Technology during the first quarter valued at approximately $33,000. Dynamic Advisor Solutions LLC raised its position in Micron Technology by 31.8% during the first quarter. Dynamic Advisor Solutions LLC now owns 7,379 shares of the semiconductor manufacturer’s stock valued at $641,000 after purchasing an additional 1,780 shares during the period. Finally, Ritholtz Wealth Management raised its position in Micron Technology by 6.1% during the first quarter. Ritholtz Wealth Management now owns 21,094 shares of the semiconductor manufacturer’s stock valued at $1,833,000 after purchasing an additional 1,219 shares during the period. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

About Micron Technology

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.