Micron Technology (NASDAQ:MU) Raised to “Strong-Buy” at Wall Street Zen

Micron Technology (NASDAQ:MU) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Friday.

A number of other equities research analysts have also issued reports on MU. KGI Securities lowered Micron Technology from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 23rd. The Goldman Sachs Group initiated coverage on Micron Technology in a research report on Thursday, July 10th. They set a “neutral” rating and a $130.00 target price on the stock. Robert W. Baird boosted their target price on Micron Technology from $163.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, June 27th. KeyCorp boosted their target price on Micron Technology from $135.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, June 26th. Finally, UBS Group boosted their target price on Micron Technology from $120.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, June 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $147.54.

Micron Technology Price Performance

Shares of MU opened at $131.37 on Friday. The firm has a market cap of $147.02 billion, a price-to-earnings ratio of 23.67 and a beta of 1.47. Micron Technology has a 52 week low of $61.54 and a 52 week high of $131.41. 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 stock has a 50 day moving average of $117.85 and a 200-day moving average of $101.70.

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

Insider Activity at Micron Technology

In other news, Director Steven J. Gomo sold 7,000 shares of the company’s stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $125.15, for a total transaction of $876,050.00. Following the completion of the sale, the director owned 22,762 shares in the company, valued at approximately $2,848,664.30. This represents a 23.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Manish H. Bhatia sold 80,000 shares of the company’s stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $123.16, for a total value of $9,852,800.00. Following the sale, the executive vice president owned 275,067 shares of the company’s stock, valued at approximately $33,877,251.72. This trade represents a 22.53% 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 worth $32,363,889 in the last 90 days. Insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Micron Technology

Several large investors have recently added to or reduced their stakes in MU. Sunbeam Capital Management LLC acquired a new position in Micron Technology in the 4th quarter valued at approximately $26,000. First Command Advisory Services Inc. grew its position in Micron Technology by 225.0% during the 2nd 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 bought a new position in Micron Technology in the 2nd quarter valued at $30,000. Opal Wealth Advisors LLC bought a new position in Micron Technology in the 1st quarter valued at $33,000. Finally, AlphaQuest LLC boosted its position in Micron Technology by 13,250.0% in the 2nd quarter. AlphaQuest LLC now owns 267 shares of the semiconductor manufacturer’s stock valued at $33,000 after buying an additional 265 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.

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.