FY2026 EPS Estimate for Micron Technology Boosted by Analyst

Key Points

• Erste Group slightly boosted its FY2026 EPS estimate for Micron to $57.26 (from $57.16) and projected FY2027 EPS of $99.78, while keeping a "Hold" rating versus a consensus FY2026 estimate of $57.71.
• Several firms have raised targets and ratings—Cantor Fitzgerald, UBS and Piper Sandler among them—leaving Micron with an average price target of $495.63 and a majority "Buy" consensus, even as the stock traded around $504 (down ~3.9%) recently.
• Micron increased its quarterly dividend to $0.15 (annualized $0.60, ~0.1% yield) while insiders sold about 89,000 shares in the last quarter, suggesting some profit-taking amid strong analyst optimism.

Micron Technology, Inc. (NASDAQ:MU - Free Report) - Equities researchers at Erste Group Bank lifted their FY2026 earnings estimates for Micron Technology in a note issued to investors on Monday, April 27th. Erste Group Bank analyst H. Engel now anticipates that the semiconductor manufacturer will earn $57.26 per share for the year, up from their previous estimate of $57.16. Erste Group Bank currently has a "Hold" rating on the stock. The consensus estimate for Micron Technology's current full-year earnings is $57.71 per share. Erste Group Bank also issued estimates for Micron Technology's FY2027 earnings at $99.78 EPS.

Several other research firms also recently commented on MU. Cantor Fitzgerald raised their price target on shares of Micron Technology from $450.00 to $700.00 and gave the stock an "overweight" rating in a research note on Thursday, March 19th. Summit Insights downgraded shares of Micron Technology from a "buy" rating to a "hold" rating in a research note on Thursday, March 19th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Micron Technology in a research note on Thursday, January 29th. UBS Group raised their price target on shares of Micron Technology from $510.00 to $535.00 and gave the stock a "buy" rating in a research note on Wednesday, April 8th. Finally, Piper Sandler raised their price target on shares of Micron Technology from $275.00 to $400.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 7th. Five analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $495.63.

Micron Technology Trading Down 3.9%

MU stock opened at $504.29 on Wednesday. The company has a market capitalization of $568.70 billion, a PE ratio of 23.81 and a beta of 1.60. Micron Technology has a 12 month low of $73.50 and a 12 month high of $531.36. The firm's 50-day moving average is $418.18 and its 200 day moving average is $333.90. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.90 and a quick ratio of 2.32.

Micron Technology Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Monday, March 30th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date was Monday, March 30th. This is a positive change from Micron Technology's previous quarterly dividend of $0.12. Micron Technology's dividend payout ratio (DPR) is currently 2.83%.

Insider Activity

In other Micron Technology news, EVP Sumit Sadana sold 25,000 shares of the stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $429.89, for a total transaction of $10,747,250.00. Following the transaction, the executive vice president directly owned 248,021 shares in the company, valued at $106,621,747.69. This represents a 9.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP April S. Arnzen sold 40,000 shares of the stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $347.39, for a total transaction of $13,895,600.00. Following the transaction, the executive vice president owned 125,737 shares in the company, valued at approximately $43,679,776.43. The trade was a 24.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 89,000 shares of company stock worth $34,755,250. 0.24% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. REAP Financial Group LLC bought a new stake in shares of Micron Technology in the 3rd quarter valued at about $25,000. High Note Wealth LLC boosted its holdings in shares of Micron Technology by 65.4% in the 4th quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer's stock valued at $25,000 after buying an additional 34 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Micron Technology in the 3rd quarter valued at about $27,000. Elevation Wealth Partners LLC boosted its holdings in shares of Micron Technology by 295.8% in the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer's stock valued at $27,000 after buying an additional 71 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of Micron Technology in the 1st quarter valued at about $27,000. 80.84% of the stock is currently owned by institutional investors.

Micron Technology News Roundup

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

• Positive Sentiment: Wall Street bullishness — several firms have raised ratings/targets (TD Cowen to $660, DA Davidson initiating at $1,000, Melius at $700), reinforcing expectations for sustained AI-driven memory demand and providing upward price guidance. TD Cowen Sees Durability Driving Next Phase for Micron Technology (MU)
• Positive Sentiment: Sector tailwinds — Seagate’s upbeat forecast and other earnings lifted storage and memory sentiment, suggesting enterprise AI capex may keep demand elevated for DRAM/NAND. This supports Micron’s revenue outlook. Storage stocks jump as Seagate's upbeat forecast fuels confidence in AI spending
• Neutral Sentiment: Analyst modeling tweaks — Erste Group nudged FY2026/27 EPS estimates higher (but kept a Hold), showing analysts are lifting earnings forecasts even where ratings remain cautious. That adds fundamental support but is not a catalyst by itself. Micron Technology Stock Page
• Negative Sentiment: AI capex and forecasting risk — reports that OpenAI missed internal targets and pieces warning a key forecast "could spell trouble" have rattled investors about the pace of future hyperscaler spending, prompting some de-risking. Micron stock: can MU really hit $700 as two analysts predict?
• Negative Sentiment: Profit-taking & insider flows — MU has rallied sharply YTD; several articles note heavy option activity, milestone price moves and notable insider selling activity, which can amplify short-term pullbacks even amid positive fundamentals. Micron Technology Stock (MU) Opinions on HBM Sellout and Price Milestone

Micron Technology Company Profile

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.

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