Micron Technology (NASDAQ:MU) Stock Rating Upgraded by Weiss Ratings

Micron Technology (NASDAQ:MU) was upgraded by investment analysts at Weiss Ratings from a “hold (c+)” rating to a “buy (b-)” rating in a report released on Saturday,Weiss Ratings reports.

MU has been the subject of several other reports. KeyCorp upped their price objective on Micron Technology from $160.00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 24th. Summit Insights raised Micron Technology to a “strong-buy” rating in a research report on Tuesday, September 23rd. BNP Paribas Exane raised Micron Technology from an “underperform” rating to an “outperform” rating and set a $270.00 price target for the company in a research report on Monday, October 13th. Citigroup upped their price target on Micron Technology from $240.00 to $275.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. Finally, Susquehanna increased their target price on shares of Micron Technology from $160.00 to $200.00 and gave the stock a “positive” rating in a report on Wednesday, September 17th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Micron Technology has a consensus rating of “Buy” and an average target price of $202.79.

Micron Technology Stock Up 5.8%

Shares of MU traded up $12.96 on Friday, hitting $236.73. The company’s stock had a trading volume of 12,694,995 shares, compared to its average volume of 23,216,021. The company has a quick ratio of 1.79, a current ratio of 2.52 and a debt-to-equity ratio of 0.26. The firm’s fifty day moving average price is $169.83 and its 200-day moving average price is $128.54. Micron Technology has a fifty-two week low of $61.54 and a fifty-two week high of $237.62. The firm has a market capitalization of $265.72 billion, a price-to-earnings ratio of 31.18, a P/E/G ratio of 0.51 and a beta of 1.56.

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

Insider Buying and Selling at Micron Technology

In other Micron Technology news, EVP Scott J. Deboer sold 82,000 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $222.81, for a total transaction of $18,270,420.00. Following the completion of the transaction, the executive vice president directly owned 154,145 shares in the company, valued at $34,345,047.45. The trade was a 34.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sanjay Mehrotra sold 22,500 shares of the business’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $220.72, for a total value of $4,966,200.00. Following the transaction, the chief executive officer directly owned 446,578 shares of the company’s stock, valued at approximately $98,568,696.16. The trade was a 4.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 271,256 shares of company stock worth $53,931,979 over the last three months. Corporate insiders own 0.30% of the company’s stock.

Institutional Trading of Micron Technology

Institutional investors and hedge funds have recently bought and sold shares of the stock. Kera Capital Partners Inc. purchased a new position in shares of Micron Technology during the second quarter worth approximately $211,000. Tcfg Wealth Management LLC purchased a new position in shares of Micron Technology in the second quarter worth about $208,000. Krilogy Financial LLC increased its holdings in shares of Micron Technology by 21.5% in the second quarter. Krilogy Financial LLC now owns 27,190 shares of the semiconductor manufacturer’s stock worth $3,351,000 after buying an additional 4,812 shares during the period. Quintet Private Bank Europe S.A. increased its holdings in shares of Micron Technology by 12.1% in the second quarter. Quintet Private Bank Europe S.A. now owns 17,325 shares of the semiconductor manufacturer’s stock worth $2,135,000 after buying an additional 1,875 shares during the period. Finally, Kercheville Advisors LLC increased its stake in Micron Technology by 52.1% in the 2nd quarter. Kercheville Advisors LLC now owns 17,301 shares of the semiconductor manufacturer’s stock worth $2,132,000 after purchasing an additional 5,926 shares during the period. 80.84% of the stock is currently owned by institutional investors and hedge funds.

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.