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

Key Points

• Rosenblatt Securities reiterated a Buy rating on Micron Technology and set a $1,500 price target, implying approximately 39.9% upside from the previous close. The broader analyst consensus is also “Buy,” with an average target of $1,296.47.
• Micron reported quarterly EPS of $25.11, beating expectations of $21.39, while revenue surged 345.8% year over year to $41.46 billion. Analysts continue to point to strong AI and data-center demand, tight memory supply and improving pricing as growth drivers.
• Despite the bullish analyst outlook, Micron shares fell 2.2% in Thursday trading, and insiders sold roughly $182.2 million of stock during the last quarter. Investors remain focused on whether AI-driven demand can sustain elevated margins amid potential memory-cycle and competitive risks.

Micron Technology (NASDAQ:MU - Get Free Report)'s stock had its "buy" rating restated by investment analysts at Rosenblatt Securities in a research note issued on Thursday, Benzinga reports. They presently have a $1,500.00 price target on the semiconductor manufacturer's stock. Rosenblatt Securities' price objective points to a potential upside of 39.94% from the company's previous close.

MU has been the subject of several other reports. Bank of America raised their price objective on Micron Technology from $950.00 to $1,500.00 and gave the stock a "buy" rating in a research note on Tuesday, June 23rd. Citigroup lifted their price target on Micron Technology from $1,150.00 to $1,300.00 and gave the company a "buy" rating in a report on Wednesday. ThinkEquity reaffirmed a "buy" rating on shares of Micron Technology in a research note on Monday, August 3rd. Cantor Fitzgerald reissued an "overweight" rating and issued a $1,500.00 price target on shares of Micron Technology in a research report on Thursday, June 25th. Finally, Wells Fargo & Company dropped their price objective on shares of Micron Technology from $1,525.00 to $1,400.00 and set an "overweight" rating on the stock in a research note on Wednesday. Three analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $1,296.47.

Micron Technology Trading Down 2.2%

Micron Technology stock opened at $1,071.88 on Thursday. The firm has a 50-day moving average price of $935.77 and a two-hundred day moving average price of $790.50. The firm has a market capitalization of $1.21 trillion, a price-to-earnings ratio of 24.27, a PEG ratio of 0.69 and a beta of 2.22. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. Micron Technology has a 52-week low of $154.65 and a 52-week high of $1,255.00.

Micron Technology (NASDAQ:MU - Get Free Report) last posted its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $21.39 by $3.72. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The business had revenue of $41.46 billion during the quarter, compared to analysts' expectations of $35.91 billion. During the same period last year, the firm posted $1.91 earnings per share. The business's revenue was up 345.8% on a year-over-year basis. Sell-side analysts expect that Micron Technology will post 72.99 earnings per share for the current year.

Insider Transactions at Micron Technology

In other Micron Technology news, Director Lynn A. Dugle sold 1,300 shares of the firm's stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $1,150.43, for a total value of $1,495,559.00. Following the sale, the director owned 17,728 shares of the company's stock, valued at $20,394,823.04. This trade represents a 6.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Scott R. Allen sold 879 shares of the firm's stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the completion of the sale, the chief accounting officer owned 34,958 shares in the company, valued at approximately $34,958,000. The trade was a 2.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 177,204 shares of company stock worth $182,156,264. 0.24% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Micron Technology

Hedge funds and other institutional investors have recently modified their holdings of the stock. Andar Capital Management HK Ltd lifted its holdings in Micron Technology by 856,960.3% during the 2nd 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 during the last quarter. Primecap Management Co. CA bought a new position in shares of Micron Technology in the second quarter valued at approximately $22,182,263,000. Bank of America Corp DE boosted its holdings 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 acquiring an additional 2,136,470 shares in the last quarter. Legal & General Group Plc acquired a new position in shares of Micron Technology in the 2nd quarter worth approximately $8,402,393,000. Finally, Norges Bank bought a new stake in Micron Technology during the 4th quarter worth approximately $6,433,456,000. Institutional investors own 80.84% of the company's stock.

Micron Technology News Summary

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

• Positive Sentiment: Analysts remain broadly bullish. Citi raised its price target on Micron Technology (MU) from $1,150 to $1,300, citing stronger DRAM pricing and an undersupplied market. Bank of America and UBS also maintained Buy ratings, pointing to sustained AI demand, improving pricing and potential shareholder returns. Micron Technology target lifted by Citi
• Positive Sentiment: AI demand may keep memory supply tight into 2027. UBS expects Micron’s chip shortage to deepen as data-center and high-bandwidth-memory demand rises. Long-term supply contracts could also support margins even if spot memory prices moderate. Micron chip shortage outlook
• Positive Sentiment: Earnings expectations remain elevated. Investors are focused on whether Micron can sustain gross margins near the mid-80% range through fiscal 2027 and validate the AI-memory growth thesis. A strong report, outlook or pricing commentary could become the next major catalyst. Micron analyst outlook
• Neutral Sentiment: Wall Street views are increasingly divided. Micron has become a battleground over whether AI demand represents a durable structural shift or another cyclical memory boom. Some analysts see substantial upside, while others warn that much of the optimism is already reflected in the valuation. Micron stock becomes a battleground
• Negative Sentiment: Michael Burry’s expanded short position is weighing on sentiment. Burry argues that rising semiconductor production could ease supply constraints and pressure memory prices, directly challenging the bullish AI narrative. Michael Burry expands semiconductor shorts
• Negative Sentiment: Chinese competition and cycle risks remain important. CXMT has begun mass-producing a denser 24-gigabit mobile DRAM product, raising long-term supply concerns, although it reportedly lacks Micron’s yields, HBM capabilities and global customer acceptance. Investors are also watching for early memory-price peaks and a potential margin decline. China adds memory competitor

Micron Technology Company Profile

Micron Technology, Inc is a global semiconductor company that designs, develops, manufactures and sells memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules and high-bandwidth memory used in data-intensive computing applications.

Micron's products support a range of markets, including data centers, artificial intelligence and high-performance computing, personal computers, smartphones, automotive systems, industrial equipment and networking devices.

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