Micron Technology (NASDAQ:MU) Stock Keeps Buy Rating at Rosenblatt Securities

Micron Technology (NASDAQ:MU - Get Free Report)'s stock had its "buy" rating reaffirmed by analysts at Rosenblatt Securities in a report issued on Thursday, Benzinga reports. They presently have a $1,900.00 price objective on the semiconductor manufacturer's stock. Rosenblatt Securities's price target suggests a potential upside of 112.15% from the company's previous close.

Other equities analysts also recently issued research reports about the stock. Wedbush reissued an "outperform" rating and issued a $1,400.00 price objective on shares of Micron Technology in a report on Monday, September 28th. TD Cowen reiterated a "buy" rating and issued a $1,600.00 price target on shares of Micron Technology in a research report on Thursday, October 1st. Erste Group Bank upgraded shares of Micron Technology from a "hold" rating to a "buy" rating in a research note on Thursday, June 25th. Phillip Securities lifted their price target on shares of Micron Technology from $530.00 to $1,870.00 and gave the stock a "buy" rating in a research note on Monday, June 29th. Finally, KeyCorp reissued an "overweight" rating on shares of Micron Technology in a research report on Thursday, October 1st. One research analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Micron Technology has a consensus rating of "Moderate Buy" and a consensus target price of $1,407.88.

Micron Technology Stock Down 2.0%

MU stock opened at $895.61 on Thursday. Micron Technology has a fifty-two week low of $192.59 and a fifty-two week high of $1,255.00. The business's 50-day moving average is $987.36 and its two-hundred day moving average is $876.61. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.94 and a current ratio of 3.31. The company has a market cap of $1.01 trillion, a price-to-earnings ratio of 12.04, a P/E/G ratio of 0.16 and a beta of 2.22.

Micron Technology (NASDAQ:MU - Get Free Report) last announced its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $31.77 by $1.65. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The business had revenue of $54.23 billion for the quarter, compared to analysts' expectations of $51.33 billion. During the same period last year, the firm posted $3.03 earnings per share. The business's revenue for the quarter was up 379.1% on a year-over-year basis. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, analysts forecast that Micron Technology will post 177.03 earnings per share for the current year.

Insider Transactions at Micron Technology

In related news, CEO Sanjay Mehrotra sold 40,000 shares of the company's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the completion of the transaction, the chief executive officer owned 264,503 shares in the company, valued at approximately $256,276,956.70. This represents a 13.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Sumit Sadana sold 15,000 shares of the firm's stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the transaction, the executive vice president directly owned 191,021 shares of the company's stock, valued at $178,469,010.09. The trade was a 7.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 123,545 shares of company stock valued at $115,750,966. 0.24% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Micron Technology

A number of hedge funds have recently made changes to their positions in MU. Andar Capital Management HK Ltd grew its holdings in shares of Micron Technology by 856,960.3% in the second quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer's stock valued at $39,571,847,000 after purchasing an additional 34,278,413 shares in the last quarter. Primecap Management Co. CA bought a new position in Micron Technology during the second quarter valued at $22,182,263,000. Bank of America Corp DE grew its stake in shares of Micron Technology by 26.6% in the 2nd quarter. Bank of America Corp DE now owns 10,174,757 shares of the semiconductor manufacturer's stock worth $11,744,621,000 after buying an additional 2,136,470 shares in the last quarter. Legal & General Group Plc purchased a new position in shares of Micron Technology in the 2nd quarter worth $8,402,393,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Micron Technology by 1.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,967,065 shares of the semiconductor manufacturer's stock worth $2,352,282,000 after buying an additional 86,488 shares during the last quarter. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Micron Technology News Summary

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

• Positive Sentiment: Micron’s fiscal fourth-quarter revenue surged 379% year over year to $54.23 billion, while adjusted EPS of $33.42 exceeded expectations. Management guided to approximately $61.5 billion of revenue for the next quarter, suggesting that high-bandwidth memory (HBM), DRAM and NAND demand from AI data centers remains robust. Capacity is reportedly booked well into 2027, supporting the argument that the memory upcycle could last longer. Micron’s Earnings Reveal Why the AI Memory Boom May Last Longer
• Positive Sentiment: Analyst sentiment remains strongly bullish. Rosenblatt reaffirmed a Buy rating with a $1,900 price target, while Needham reiterated Buy with a $1,650 target. Other analysts cite tight supply, higher memory contract prices, multiyear customer commitments and potential share repurchases as additional upside catalysts. Micron Stock Moves Higher: What’s Going On?
• Positive Sentiment: Micron reached a labor agreement with a larger Taiwan union and introduced quarterly bonuses tied to company profits, reducing some risk of a broad production disruption. Its investment in U.S. critical-minerals processing also aims to strengthen supply-chain resilience. Micron Reaches Agreement With Taiwan Union
• Neutral Sentiment: Despite the earnings strength, Micron trades well below its recent peak after an extraordinary rally. Investors are weighing whether current profits and valuation can be sustained through the next memory cycle.
• Negative Sentiment: Semiconductor stocks broadly declined as markets questioned whether major AI customers can maintain infrastructure spending. Concerns that new capacity, stronger competition from China’s CXMT and eventual memory-price normalization could reduce Micron’s unusually high margins are weighing on sentiment. Why Wall Street Is Questioning AI Spending
• Negative Sentiment: A Taiwan union’s planned strike over profit-sharing remains an operational and margin risk, although the potential impact appears localized. Investors are watching whether labor costs rise enough to undermine the operating leverage expected from the AI boom. Micron Introduces Quarterly Employee Bonus Tied to Profits

Micron Technology Company Profile

Micron Technology, Inc is a semiconductor company that develops and manufactures memory and storage products. Its portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules, and other semiconductor solutions used in data centers, personal computers, smartphones, automotive systems, industrial equipment, and consumer electronics.

The company also provides high-bandwidth memory and other advanced memory technologies designed to support artificial intelligence, high-performance computing, networking, and graphics applications.