Erste Group Bank Has Bullish Outlook for MU FY2026 Earnings

Micron Technology, Inc. (NASDAQ:MU) – Erste Group Bank lifted their FY2026 EPS estimates for Micron Technology in a note issued to investors on Tuesday, March 24th. Erste Group Bank analyst H. Engel now anticipates that the semiconductor manufacturer will post earnings per share of $57.02 for the year, up from their prior forecast of $32.25. 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 $95.97 EPS.

Other analysts have also issued reports about the company. Mizuho lifted their target price on Micron Technology from $480.00 to $530.00 and gave the stock an “outperform” rating in a research report on Thursday, March 19th. Royal Bank Of Canada raised their price objective on Micron Technology from $425.00 to $525.00 and gave the company an “outperform” rating in a research note on Monday, March 16th. Weiss Ratings restated a “buy (b-)” rating on shares of Micron Technology in a report on Thursday, January 29th. Susquehanna increased their target price on Micron Technology from $345.00 to $525.00 and gave the company a “positive” rating in a research note on Monday, March 9th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $500.00 price target on shares of Micron Technology in a research report on Monday, March 16th. Five analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Micron Technology presently has a consensus rating of “Buy” and an average price target of $466.75.

Micron Technology Price Performance

MU opened at $355.43 on Friday. Micron Technology has a twelve month low of $61.54 and a twelve month high of $471.34. The firm has a market cap of $400.83 billion, a price-to-earnings ratio of 16.78 and a beta of 1.50. The company has a current ratio of 2.90, a quick ratio of 2.32 and a debt-to-equity ratio of 0.13. The company has a fifty day simple moving average of $406.31 and a 200 day simple moving average of $290.29.

Hedge Funds Weigh In On Micron Technology

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of Micron Technology by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 106,608,094 shares of the semiconductor manufacturer’s stock worth $30,427,016,000 after purchasing an additional 1,954,644 shares during the last quarter. State Street Corp increased its position in Micron Technology by 2.1% in the fourth quarter. State Street Corp now owns 52,749,817 shares of the semiconductor manufacturer’s stock worth $15,061,310,000 after buying an additional 1,090,644 shares during the period. Capital International Investors lifted its stake in Micron Technology by 0.7% in the third quarter. Capital International Investors now owns 23,372,821 shares of the semiconductor manufacturer’s stock valued at $3,910,198,000 after buying an additional 155,860 shares during the last quarter. Norges Bank acquired a new position in shares of Micron Technology during the fourth quarter valued at $6,433,456,000. Finally, Morgan Stanley grew its position in shares of Micron Technology by 5.1% during the fourth quarter. Morgan Stanley now owns 16,396,655 shares of the semiconductor manufacturer’s stock worth $4,679,771,000 after acquiring an additional 794,289 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Micron Technology

In other news, EVP Sumit Sadana sold 25,000 shares of Micron Technology stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $429.89, for a total value of $10,747,250.00. Following the completion of the transaction, the executive vice president directly owned 248,021 shares of the company’s stock, valued at approximately $106,621,747.69. The trade was a 9.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Manish H. Bhatia sold 26,623 shares of the business’s stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $391.04, for a total transaction of $10,410,657.92. Following the sale, the executive vice president directly owned 323,486 shares of the company’s stock, valued at approximately $126,495,965.44. This represents a 7.60% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have bought 23,200 shares of company stock worth $7,821,723 and have sold 53,623 shares worth $21,832,908. Insiders own 0.24% of the company’s stock.

Micron Technology Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, March 30th will be paid a dividend of $0.15 per share. The ex-dividend date is Monday, March 30th. This is a positive change from Micron Technology’s previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a yield of 0.2%. Micron Technology’s payout ratio is presently 2.17%.

Micron Technology News Roundup

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

• Positive Sentiment: Wall Street remains broadly bullish: brokers have raised price targets and the consensus rating sits at “Buy,” supporting upside expectations for MU. Micron Technology (MU) price target increased by 36.86% to 511.82
• Positive Sentiment: Brokerage coverage is supportive: a consensus “Buy” and multiple upgrades/pushes of price targets (MarketBeat notes MU as a most-upgraded stock) underpin analyst-driven demand. Micron Technology, Inc. (NASDAQ:MU) Given Consensus Rating of “Buy” by Brokerages
• Positive Sentiment: Prominent investors and commentators remain bullish — Ross Gerber highlighted Micron as a strong chip company after its big rally, lending retail/institutional confidence. Ross Gerber flags Micron Technology as ‘very good chip company’
• Positive Sentiment: Fundamentals remain strong: Micron reported exceptional Q2 results (massive revenue and margin growth) and recently raised its dividend — a reason some investors view pullbacks as buying opportunities. Micron Technology’s Earnings Skyrocketed 771% Last Quarter
• Neutral Sentiment: Corporate action: Micron launched cash tender offers to buy several series of senior notes — improves capital structure flexibility but is a neutral execution detail unless tender results surprise. Micron Announces Cash Tender Offers for Any and All of Certain Outstanding Senior Notes
• Negative Sentiment: Google research on model compression rattled the market — a claim that AI models may need far less memory (up to ~6x) has pressured DRAM/NAND demand expectations and hit memory stocks including MU. A Google AI breakthrough is pressuring memory chip stocks
• Negative Sentiment: Technical and momentum signs are weakening: MU broke below its 50‑day moving average and chart commentary warns semiconductor momentum may be stalling — technical traders likely contributed to today’s selling. Micron Broke Below Its 50-Day Moving Average. Should You Buy the Dip?
• Negative Sentiment: Investor concerns about cyclicality and order softness: several pieces flag risks (ratings downgrades, potential order cancellations from large AI buyers, and rapid post-earnings profit-taking) that are pressuring the stock. Micron: Softness In DRAM Orders (Rating Downgrade)

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.