FY2026 EPS Estimate for Micron Technology Lifted by Analyst

Key Points

• Erste Group's H. Engel marginally raised Micron's FY2026 EPS estimate to $57.16 (from $57.02) but kept a Hold rating on the stock.
• Multiple major analysts have lifted price targets (e.g., Susquehanna to $525, HSBC/BofA to $500, Deutsche to $550), leaving a MarketBeat consensus of Buy with an average target of $463.71.
• Micron increased its quarterly dividend to $0.15 (annualized $0.60, ~0.2% yield), while insiders have recently sold significant shares and institutional ownership remains high at about 80.84%.

Micron Technology, Inc. (NASDAQ:MU - Free Report) - Analysts at Erste Group Bank raised their FY2026 earnings per share estimates for shares of Micron Technology in a research note issued on Thursday, April 2nd. Erste Group Bank analyst H. Engel now anticipates that the semiconductor manufacturer will earn $57.16 per share for the year, up from their previous estimate of $57.02. Erste Group Bank currently has a "Hold" rating on the stock. The consensus estimate for Micron Technology's current full-year earnings is $6.08 per share. Erste Group Bank also issued estimates for Micron Technology's FY2027 earnings at $96.13 EPS.

Other equities research analysts also recently issued reports about the company. Susquehanna boosted their target price on Micron Technology from $345.00 to $525.00 and gave the stock a "positive" rating in a report on Monday, March 9th. HSBC increased their target price on Micron Technology from $350.00 to $500.00 and gave the stock a "buy" rating in a research note on Friday, January 23rd. Bank of America increased their target price on Micron Technology from $400.00 to $500.00 and gave the stock a "buy" rating in a research note on Thursday, March 19th. Deutsche Bank Aktiengesellschaft increased their target price on Micron Technology from $500.00 to $550.00 and gave the stock a "buy" rating in a research note on Thursday, March 19th. Finally, The Goldman Sachs Group raised their price objective on shares of Micron Technology from $360.00 to $400.00 and gave the company a "neutral" rating in a research note on Thursday, March 19th. Five analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Micron Technology currently has a consensus rating of "Buy" and an average target price of $463.71.

Micron Technology Stock Performance

Micron Technology stock opened at $377.58 on Wednesday. The company has a quick ratio of 2.32, a current ratio of 2.90 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $425.81 billion, a P/E ratio of 17.83 and a beta of 1.60. The stock's 50 day moving average is $402.23 and its 200 day moving average is $303.88. Micron Technology has a twelve month low of $63.52 and a twelve month high of $471.34.

Micron Technology Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Monday, March 30th will be paid a $0.15 dividend. This is an increase from Micron Technology's previous quarterly dividend of $0.12. The ex-dividend date is Monday, March 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. Micron Technology's dividend payout ratio (DPR) is 2.83%.

Insider Transactions at Micron Technology

In other news, EVP Manish H. Bhatia sold 26,623 shares of the firm's stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $391.04, for a total value of $10,410,657.92. Following the transaction, the executive vice president directly owned 323,486 shares in the company, valued at $126,495,965.44. This trade represents a 7.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP April S. Arnzen sold 40,000 shares of the firm's stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $347.39, for a total value of $13,895,600.00. Following the completion of the transaction, the executive vice president owned 125,737 shares in the company, valued at approximately $43,679,776.43. This trade represents a 24.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have bought 23,200 shares of company stock valued at $7,821,723 and have sold 91,623 shares valued at $35,053,508. Insiders own 0.24% of the company's stock.

Hedge Funds Weigh In On Micron Technology

Institutional investors and hedge funds have recently modified their holdings of the company. iA Global Asset Management Inc. raised its holdings in Micron Technology by 18.7% during the third quarter. iA Global Asset Management Inc. now owns 146,890 shares of the semiconductor manufacturer's stock valued at $24,578,000 after acquiring an additional 23,117 shares during the period. Cary Street Partners Financial LLC raised its holdings in Micron Technology by 25.0% during the second quarter. Cary Street Partners Financial LLC now owns 26,132 shares of the semiconductor manufacturer's stock valued at $3,221,000 after acquiring an additional 5,233 shares during the period. Wealthfront Advisers LLC raised its holdings in Micron Technology by 9.8% during the third quarter. Wealthfront Advisers LLC now owns 95,396 shares of the semiconductor manufacturer's stock valued at $15,962,000 after acquiring an additional 8,489 shares during the period. Westpac Banking Corp raised its holdings in Micron Technology by 251.0% during the third quarter. Westpac Banking Corp now owns 23,086 shares of the semiconductor manufacturer's stock valued at $3,863,000 after acquiring an additional 16,509 shares during the period. Finally, Generation Capital Management LLC bought a new stake in Micron Technology during the third quarter valued at about $238,000. 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: Pre-market analyst momentum: UBS analyst Timothy Arcuri raised his price target and that upgrade helped spark heavy buying interest into the session as analysts continue to re-rate Micron on AI memory strength. Why Is Micron Stock Rallying 11% in Pre-Market Trading, 4/8/26?
• Positive Sentiment: Taiwan capacity expansion: Micron is acquiring Powerchip’s Taichung P5 site and launching cleanroom projects to boost DRAM and HBM production—a direct response to AI-driven memory shortages that supports revenue upside over 2026–27 as supply tightness persists. Micron Expands Taiwan DRAM Footprint To Capture Long Term AI Demand
• Positive Sentiment: Institutional accumulation & technical setup: MarketBeat and other coverage point to heavy institutional buying, technical signs of a bottom, and rising analyst estimates—factors that can sustain momentum into upcoming quarters if demand remains strong.
• Neutral Sentiment: Community / PR news: Micron announced a large community investment in Central New York—positive for ESG/PR and local relationships but unlikely to move fundamentals materially. Micron Technology (MU) Announces a Huge Community Investment in Central New York
• Neutral Sentiment: Dividend-screen mentions: Micron appears on some dividend-growth screens—an interesting signal for income-minded investors but not a primary catalyst for the stock’s AI-driven rerating. Micron Stock and 14 More ‘Dividend Growers’ With Lots of Potential
• Negative Sentiment: Analyst downgrade: Erste Group recently cut Micron from Buy to Hold, a reminder that not all coverage is uniformly bullish—downgrades can weigh on sentiment and introduce short-term volatility. Micron Technology (MU) Gets Downgraded by Analyst
• Negative Sentiment: Cyclical / valuation concerns: Several commentaries highlight that Micron’s current run is concentrated and could be a “crowded bet” tied to a cyclical AI memory supercycle; if HBM/DRAM pricing or capex timelines disappoint, the stock could see sharp mean reversion. Micron Technology: Crowded Bet On A Cyclical High

About Micron Technology

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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