Micron Technology’s (MU) “Buy” Rating Reaffirmed at Rosenblatt Securities

Micron Technology (NASDAQ:MU)‘s stock had its “buy” rating reissued by investment analysts at Rosenblatt Securities in a report released on Tuesday, Benzinga reports. They presently have a $1,900.00 price target on the semiconductor manufacturer’s stock. Rosenblatt Securities’ price target would suggest a potential upside of 99.33% from the company’s current price.

Several other brokerages also recently issued reports on MU. Arete Research increased their price objective on shares of Micron Technology from $852.00 to $1,500.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. DA Davidson lifted their price objective on shares of Micron Technology from $2,100.00 to $3,000.00 and gave the company a “buy” rating in a research note on Wednesday, October 7th. William Blair set a $1,300.00 price objective on shares of Micron Technology in a research note on Thursday, October 1st. Robert W. Baird lifted their price objective on shares of Micron Technology from $1,280.00 to $1,520.00 and gave the company an “outperform” rating in a research note on Monday, September 28th. Finally, The Goldman Sachs Group set a $1,250.00 price objective on shares of Micron Technology in a research note on Thursday, October 1st. One analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,407.88.

Micron Technology Trading Down 3.6%

MU traded down $35.85 during midday trading on Tuesday, hitting $953.19. The company’s stock had a trading volume of 28,803,664 shares, compared to its average volume of 41,255,668. The company has a current ratio of 3.31, a quick ratio of 2.94 and a debt-to-equity ratio of 0.03. The firm has a market cap of $1.08 trillion, a P/E ratio of 12.84, a PEG ratio of 0.18 and a beta of 2.22. The firm has a 50-day moving average price of $983.23 and a two-hundred day moving average price of $849.12. Micron Technology has a 52-week low of $186.25 and a 52-week high of $1,255.00.

Micron Technology (NASDAQ:MU) last released its quarterly earnings data 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 net margin of 63.80% and a return on equity of 92.62%. The company had revenue of $54.23 billion during the quarter, compared to the consensus estimate of $51.33 billion. During the same period in the previous year, the firm earned $3.03 earnings per share. Micron Technology’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. On average, research analysts anticipate that Micron Technology will post 175.82 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO Scott R. Allen sold 879 shares of Micron Technology stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total value 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Sumit Sadana sold 15,000 shares of Micron Technology stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the completion of the sale, the executive vice president owned 191,021 shares of the company’s stock, valued at approximately $178,469,010.09. This trade represents a 7.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 95,879 shares of company stock worth $90,939,466. Insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On Micron Technology

Large investors have recently modified their holdings of the stock. Bullseye Investment Management LLC acquired a new position in shares of Micron Technology in the 2nd quarter valued at about $27,000. Aventus Investment Advisors Inc. acquired a new stake in shares of Micron Technology during the third quarter worth approximately $30,000. Steph & Co. acquired a new stake in shares of Micron Technology during the third quarter worth approximately $31,000. Montgomery Financial Services LLC purchased a new position in Micron Technology during the second quarter valued at approximately $38,000. Finally, JNBA Financial Advisors grew its position in Micron Technology by 77.3% during the second quarter. JNBA Financial Advisors now owns 39 shares of the semiconductor manufacturer’s stock valued at $45,000 after purchasing an additional 17 shares in the last quarter. Institutional investors own 80.84% of the company’s stock.

More Micron Technology News

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

• Positive Sentiment: Micron reported fiscal fourth-quarter revenue of $54.23 billion, up roughly 379% year over year, and adjusted earnings of $33.42 per share, exceeding analyst expectations. Management also issued strong fiscal 2027 guidance. A Chinese Rival Just Spooked Memory Stocks—How Worried Should Micron Investors Be?
• Positive Sentiment: The company has secured commitments covering more than 75% of its fiscal 2027 output, while customers are discussing 2028 allocations. This visibility could help protect revenue and pricing as AI-driven demand for high-bandwidth memory and server DRAM remains strong.
• Positive Sentiment: Micron raised its share-repurchase authorization to approximately $35 billion. Analysts including Rosenblatt and Erste Group maintained bullish views, while other coverage argues that MU remains inexpensive relative to its growth and profitability.
• Neutral Sentiment: Micron’s HBM4 ramp-up and higher 2027 contract prices could support additional margin expansion, but production costs, yields and the durability of peak-cycle earnings remain important investor concerns. Micron’s HBM4 Ramp-Up: Can Higher Pricing Lift Margins Further?
• Negative Sentiment: China’s ChangXin Memory Technologies (CXMT) said it had made progress on a denser “4F square” DRAM architecture and plans to target high-end server memory. Investors fear this could eventually increase supply, pressure pricing power and challenge Micron’s most profitable market. Memory chip stocks fall as China’s latest development rattles investors
• Negative Sentiment: A potential labor strike at Micron’s Taoyuan, Taiwan, operations adds near-term production and delivery risk, although no strike date has been announced. Investors are also monitoring a $600 million Netlist settlement, insider selling and broader profit-taking across semiconductor stocks.

Micron Technology Company Profile

Micron Technology, Inc is a semiconductor company that develops and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, three-dimensional XPoint-related technologies, solid-state drives, and high-bandwidth memory products designed for demanding computing applications.

The company serves customers across the data center, artificial intelligence, networking, automotive, industrial, mobile, consumer electronics, and embedded markets.