Cantor Fitzgerald Reaffirms “Overweight” Rating for Micron Technology (NASDAQ:MU)

Posted by Francis Steltz on Jun 26th, 2026

Micron Technology (NASDAQ:MU – Get Free Report)‘s stock had its “overweight” rating reiterated by Cantor Fitzgerald in a research note issued to investors on Thursday,Benzinga reports. They presently have a $1,500.00 price objective on the semiconductor manufacturer’s stock. Cantor Fitzgerald’s price target suggests a potential upside of 23.60% from the stock’s current price.

A number of other equities analysts have also commented on MU. Susquehanna raised their price target on Micron Technology from $1,750.00 to $2,000.00 and gave the stock a “positive” rating in a report on Thursday. Barclays boosted their price objective on Micron Technology from $1,175.00 to $2,000.00 and gave the company an “overweight” rating in a research note on Thursday. Erste Group Bank upgraded Micron Technology from a “hold” rating to a “buy” rating in a research note on Thursday. DA Davidson lifted their target price on Micron Technology from $1,500.00 to $2,000.00 and gave the company a “buy” rating in a report on Thursday. Finally, Summit Insights lowered shares of Micron Technology from a “buy” rating to a “hold” rating in a research report on Thursday, March 19th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Micron Technology presently has an average rating of “Buy” and a consensus target price of $1,228.30.

Read Our Latest Stock Analysis on Micron Technology

Micron Technology Stock Performance

Shares of MU stock opened at $1,213.56 on Thursday. The stock has a market capitalization of $1.37 trillion, a P/E ratio of 27.47 and a beta of 2.16. The company has a current ratio of 2.90, a quick ratio of 2.32 and a debt-to-equity ratio of 0.13. The firm’s 50 day moving average is $803.70 and its 200 day moving average is $520.37. Micron Technology has a 12 month low of $103.38 and a 12 month high of $1,255.00.

Micron Technology (NASDAQ:MU – Get Free Report) last released its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share for the quarter, beating analysts’ consensus estimates of $21.39 by $3.72. Micron Technology had a net margin of 55.91% and a return on equity of 82.33%. The business had revenue of $41.46 billion during the quarter, compared to analyst estimates of $35.91 billion. During the same period in the previous year, the business earned $1.91 EPS. Micron Technology’s revenue was up 345.8% compared to the same quarter last year. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. On average, sell-side analysts anticipate that Micron Technology will post 60.62 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Steven J. Gomo sold 2,000 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $787.03, for a total transaction of $1,574,060.00. Following the completion of the sale, the director owned 17,139 shares of the company’s stock, valued at approximately $13,488,907.17. This represents a 10.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sanjay Mehrotra sold 37,439 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $960.38, for a total transaction of $35,955,666.82. Following the completion of the transaction, the chief executive officer owned 387,064 shares in the company, valued at $371,728,524.32. This represents a 8.82% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 146,000 shares of company stock worth $85,486,715. Insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Micron Technology

A number of large investors have recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC bought a new position in shares of Micron Technology during the first quarter valued at about $27,000. High Note Wealth LLC grew its stake in shares of Micron Technology by 65.4% in the fourth quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 34 shares during the last quarter. Elevation Wealth Partners LLC increased its holdings in Micron Technology by 295.8% during the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 71 shares during the period. Steigerwald Gordon & Koch Inc. increased its holdings in Micron Technology by 4,800.0% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock valued at $28,000 after purchasing an additional 96 shares during the period. Finally, Bayban bought a new position in Micron Technology during the 4th quarter valued at approximately $29,000. Institutional investors own 80.84% of the company’s stock.

Key Stories Impacting Micron Technology

Here are the key news stories impacting Micron Technology this week:

Positive Sentiment: Micron reported record Q3 revenue of $41.46 billion and adjusted EPS of $25.11, far above estimates, showing explosive demand for AI-related memory chips.
Positive Sentiment: Management issued very strong Q4 guidance, signaling that tight memory supply and strong pricing power could continue into the next quarter.
Positive Sentiment: The company highlighted $22 billion of customer commitments and long-term strategic agreements, which improve visibility and reduce the old boom-bust narrative around memory chips.
Positive Sentiment: Analysts responded with multiple target hikes and bullish ratings, reinforcing confidence that Micron is becoming a core AI infrastructure beneficiary.
Positive Sentiment: Micron’s results also lifted the broader chip sector, with other memory and semiconductor stocks rallying on the view that AI memory demand remains very strong.

Micron Technology Company Profile

(Get Free Report)

Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.