Micron Technology (NASDAQ:MU) Stock Rating Reaffirmed as Buy by Rosenblatt Securities

Micron Technology (NASDAQ:MU)‘s stock had its “buy” rating restated by equities research analysts at Rosenblatt Securities in a report released on Tuesday, Benzinga reports. They currently have a $1,900.00 price target on the semiconductor manufacturer’s stock. Rosenblatt Securities’ price objective suggests a potential upside of 103.40% from the company’s current price.

MU has been the topic of several other reports. Needham & Company LLC restated a “buy” rating and issued a $1,650.00 price objective on shares of Micron Technology in a research report on Thursday, October 1st. Wells Fargo & Company lowered their price target on Micron Technology from $1,525.00 to $1,400.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 23rd. Arete Research raised their price target on Micron Technology from $852.00 to $1,500.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Cantor Fitzgerald restated an “overweight” rating and set a $2,000.00 price target on shares of Micron Technology in a research report on Thursday, October 1st. Finally, President Capital raised their price target on Micron Technology to $1,500.00 and gave the company a “buy” rating in a research report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,407.88.

Micron Technology Stock Performance

Shares of NASDAQ:MU traded down $19.06 during trading on Tuesday, hitting $934.13. 8,577,704 shares of the company were exchanged, compared to its average volume of 41,105,707. The company has a market cap of $1.06 trillion, a PE ratio of 12.60, a P/E/G ratio of 0.17 and a beta of 2.22. The stock has a 50 day moving average of $984.44 and a 200 day moving average of $853.14. Micron Technology has a 52-week low of $187.42 and a 52-week high of $1,255.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.31 and a quick ratio of 2.94.

Micron Technology (NASDAQ:MU) last posted its earnings results 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. The firm had revenue of $54.23 billion for the quarter, compared to the consensus estimate of $51.33 billion. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The business’s quarterly revenue was up 379.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, equities research analysts predict that Micron Technology will post 175.82 EPS for the current year.

Insider Buying and Selling

In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of Micron Technology stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the sale, the chief executive officer directly owned 264,503 shares of the company’s stock, valued at approximately $256,276,956.70. The trade was a 13.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Sumit Sadana sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total value of $14,014,350.00. Following the completion of the sale, the executive vice president directly owned 191,021 shares in the company, valued at approximately $178,469,010.09. This represents a 7.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 95,879 shares of company stock valued at $90,939,466 over the last ninety days. 0.24% of the stock is owned by insiders.

Institutional Trading of Micron Technology

A number of hedge funds have recently made changes to their positions in MU. First Citizens Bank & Trust Co. boosted its position in shares of Micron Technology by 30.0% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 42,923 shares of the semiconductor manufacturer’s stock worth $45,718,000 after purchasing an additional 9,894 shares in the last quarter. Fearless Solutions LLC dba Best Invest lifted its position in Micron Technology by 7.8% in the 3rd quarter. Fearless Solutions LLC dba Best Invest now owns 360 shares of the semiconductor manufacturer’s stock valued at $383,000 after acquiring an additional 26 shares in the last quarter. Focus Financial Network Inc. lifted its position in Micron Technology by 27.4% in the 3rd quarter. Focus Financial Network Inc. now owns 5,352 shares of the semiconductor manufacturer’s stock valued at $5,700,000 after acquiring an additional 1,150 shares in the last quarter. Foundation Wealth Management LLC PA lifted its position in Micron Technology by 10.5% in the 3rd quarter. Foundation Wealth Management LLC PA now owns 285 shares of the semiconductor manufacturer’s stock valued at $304,000 after acquiring an additional 27 shares in the last quarter. Finally, JM2 Capital Inc. lifted its position in Micron Technology by 1.2% in the 3rd quarter. JM2 Capital Inc. now owns 5,963 shares of the semiconductor manufacturer’s stock valued at $6,351,000 after acquiring an additional 69 shares in the last quarter. 80.84% of the stock is owned by institutional investors.

Micron Technology News Roundup

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

• Positive Sentiment: Strong AI-driven demand and customer commitments support the outlook. Micron has secured long-term agreements with major customers, including 26 strategic contracts and commitments covering a substantial portion of fiscal 2027 output. Analysts argue these arrangements could reduce the company’s exposure to the traditional memory cycle. Micron’s Customer Contracts Just Took the Memory Cycle Off the Table
• Positive Sentiment: Buybacks and bullish analyst views provide potential support. Micron’s board authorized roughly $35 billion in share repurchases, while Rosenblatt maintained a Buy rating with a $1,900 price target. Erste Group also raised its fiscal 2027 earnings estimate to $173.31 per share. These actions suggest confidence in future cash generation, although the buyback’s impact depends on the company’s December update. Micron’s Buybacks Should Be Opening Your Eyes Right Now
• Positive Sentiment: Elon Musk praised Micron’s pricing strategy. Musk said Micron has been reasonable on future memory prices, contrasting it with unnamed competitors he called “extortionate.” The comments may reinforce the view that Micron is prioritizing long-term customer relationships and could offer modest sentiment support. Elon Musk Says Micron Has Been Reasonable on Future Pricing
• Neutral Sentiment: Recent results remain very strong, but investors question their durability. Fiscal fourth-quarter revenue rose 379% year over year to $54.23 billion, and adjusted EPS exceeded expectations. However, Micron’s low forward valuation indicates that investors expect current earnings and margins to be near cyclical highs.
• Negative Sentiment: China’s CXMT is the primary source of selling pressure. Investors are concerned that ChangXin Memory Technologies’ progress on denser 4F-square DRAM could eventually challenge Micron in high-end server memory and weaken pricing power. The technology is not yet proven at commercial scale, but the possibility of future oversupply has triggered broad selling across memory stocks. Memory Stocks Extend Slide Following News of a Design Breakthrough in China
• Negative Sentiment: Additional risks include a potential Taiwan labor disruption and a $600 million Netlist settlement. A strike authorization at Micron’s Taoyuan facility could affect production if negotiations fail, while quarterly settlement payments will weigh on future cash flow. These concerns are amplifying profit-taking after MU’s substantial run-up.

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.