HSBC Begins Coverage on Micron Technology (NASDAQ:MU)

Investment analysts at HSBC started coverage on shares of Micron Technology (NASDAQ:MU) in a note issued to investors on Tuesday, Marketbeat reports. The brokerage set a “buy” rating and a $330.00 price target on the semiconductor manufacturer’s stock. HSBC’s price objective points to a potential upside of 25.14% from the company’s current price.

Several other research firms also recently weighed in on MU. Erste Group Bank assumed coverage on Micron Technology in a research report on Thursday, August 14th. They issued a “buy” rating on the stock. CLSA initiated coverage on Micron Technology in a research note on Wednesday, August 27th. They issued an “outperform” rating and a $155.00 price objective for the company. Stifel Nicolaus lifted their target price on shares of Micron Technology from $173.00 to $195.00 and gave the stock a “buy” rating in a research note on Monday, September 22nd. Wells Fargo & Company upped their target price on shares of Micron Technology from $220.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Finally, Needham & Company LLC raised their price target on shares of Micron Technology from $150.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Five research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $232.28.

Micron Technology Stock Performance

MU opened at $263.71 on Tuesday. The firm’s fifty day simple moving average is $220.54 and its two-hundred day simple moving average is $157.80. Micron Technology has a 52-week low of $61.54 and a 52-week high of $264.75. The company has a market cap of $296.44 billion, a price-to-earnings ratio of 34.74, a PEG ratio of 0.43 and a beta of 1.54. 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 (NASDAQ:MU) last released its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 EPS for the quarter, topping analysts’ consensus estimates of $2.86 by $0.17. The business 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 company’s quarterly revenue was up 46.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.18 earnings per share. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. Equities analysts anticipate that Micron Technology will post 6.08 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Scott J. Deboer sold 82,000 shares of the stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $222.81, for a total value 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 approximately $34,345,047.45. This represents a 34.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Scott R. Allen sold 8,800 shares of the firm’s stock in a transaction on Monday, October 20th. The stock was sold at an average price of $210.02, for a total value of $1,848,176.00. Following the sale, the chief accounting officer directly owned 40,237 shares of the company’s stock, valued at approximately $8,450,574.74. This trade represents a 17.95% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 392,352 shares of company stock worth $82,994,387. Corporate insiders own 0.24% of the company’s stock.

Institutional Trading of Micron Technology

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MU. Orleans Capital Management Corp LA acquired a new position in Micron Technology in the second quarter valued at $256,000. Cary Street Partners Financial LLC raised its holdings in shares of Micron Technology by 25.0% in the 2nd quarter. Cary Street Partners Financial LLC now owns 26,132 shares of the semiconductor manufacturer’s stock worth $3,221,000 after purchasing an additional 5,233 shares during the period. Wealthspire Advisors LLC lifted its stake in shares of Micron Technology by 27.8% in the 2nd quarter. Wealthspire Advisors LLC now owns 14,754 shares of the semiconductor manufacturer’s stock valued at $1,818,000 after purchasing an additional 3,208 shares in the last quarter. KLP Kapitalforvaltning AS grew its holdings in shares of Micron Technology by 6.2% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 403,105 shares of the semiconductor manufacturer’s stock worth $49,683,000 after purchasing an additional 23,600 shares during the period. Finally, WealthBridge Capital Management LLC acquired a new stake in Micron Technology during the 2nd quarter worth approximately $210,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

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.