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

Micron Technology (NASDAQ:MU)‘s stock had its “buy” rating reaffirmed by research analysts at Rosenblatt Securities in a research report issued to clients and investors on Tuesday, Benzinga reports. They currently have a $1,900.00 price target on the semiconductor manufacturer’s stock. Rosenblatt Securities’ price target suggests a potential upside of 104.03% from the company’s current price.

Several other analysts also recently weighed in on the company. Wedbush reiterated an “outperform” rating and issued a $1,400.00 price objective on shares of Micron Technology in a research report on Monday, September 28th. Susquehanna restated a “positive” rating on shares of Micron Technology in a report on Thursday, October 1st. New Street Research raised shares of Micron Technology from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $470.00 to $1,250.00 in a research note on Friday, August 14th. Needham & Company LLC reiterated a “buy” rating and set a $1,650.00 price target on shares of Micron Technology in a report on Thursday, October 1st. Finally, Arete Research increased their price target 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. One equities research 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’s stock. According to data from MarketBeat.com, Micron Technology has a consensus rating of “Moderate Buy” and a consensus target price of $1,407.88.

Micron Technology Trading Up 1.9%

Shares of MU traded up $17.11 during trading hours on Tuesday, hitting $931.24. The company had a trading volume of 38,161,924 shares, compared to its average volume of 41,165,980. Micron Technology has a 52-week low of $192.40 and a 52-week high of $1,255.00. The company has a quick ratio of 2.94, a current ratio of 3.31 and a debt-to-equity ratio of 0.03. The stock’s 50 day moving average price is $984.86 and its 200 day moving average price is $857.08. The firm has a market cap of $1.05 trillion, a P/E ratio of 12.55, a P/E/G ratio of 0.17 and a beta of 2.22.

Micron Technology (NASDAQ:MU) last issued its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, beating the consensus estimate of $31.77 by $1.65. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The company had revenue of $54.23 billion during the quarter, compared to analysts’ expectations of $51.33 billion. During the same period in the prior year, the business posted $3.03 EPS. Micron Technology’s quarterly revenue was up 379.1% compared to the same quarter last year. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. On average, research analysts predict that Micron Technology will post 177.03 EPS for the current year.

Insider Activity at Micron Technology

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 sale, the chief accounting officer owned 34,958 shares in the company, valued at $34,958,000. The trade was a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Sumit Sadana sold 15,000 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the transaction, the executive vice president directly owned 191,021 shares in the company, valued at approximately $178,469,010.09. The trade was a 7.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 95,879 shares of company stock worth $90,939,466 over the last quarter. 0.24% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Micron Technology

A number of large investors have recently modified their holdings of the stock. Denali Advisors LLC purchased a new position in shares of Micron Technology in the 2nd quarter valued at approximately $7,364,000. Castleark Management LLC purchased a new position in shares of Micron Technology in the 1st quarter valued at approximately $3,709,000. Oppenheimer & Co. Inc. raised its stake in Micron Technology by 16.0% during the second quarter. Oppenheimer & Co. Inc. now owns 48,520 shares of the semiconductor manufacturer’s stock valued at $56,006,000 after buying an additional 6,702 shares during the last quarter. Legacy Wealth Management LLC MS raised its stake in Micron Technology by 73.3% during the second quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer’s stock valued at $4,091,000 after buying an additional 1,499 shares during the last quarter. Finally, Franklin Street Advisors Inc. NC raised its stake in Micron Technology by 2,461.4% during the second quarter. Franklin Street Advisors Inc. NC now owns 37,141 shares of the semiconductor manufacturer’s stock valued at $42,871,000 after buying an additional 35,691 shares during the last quarter. Institutional investors own 80.84% of the company’s stock.

Micron Technology News Summary

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

• Positive Sentiment: ASML’s strong order visibility supports Micron’s HBM outlook. ASML says its production capacity is effectively booked through 2028 and it is accepting orders into 2030. Because Micron relies on ASML’s advanced EUV equipment to produce next-generation HBM4 memory, the update reinforces expectations that AI-related memory demand will remain supply-constrained. ASML Just Delivered Excellent News for Micron Stock Investors
• Positive Sentiment: Fundamentals and strategic agreements remain strong. Recent coverage highlights record fiscal-year revenue of roughly $133 billion, approximately $85 billion in net income, 26 strategic customer agreements with pricing protections, and growing HBM shipments tied to AI customers including NVIDIA. These contracts could reduce Micron’s exposure to a traditional memory-cycle downturn. Micron: Sentiment-Driven Correction Doesn’t Impact Allocation Appeal
• Positive Sentiment: Analyst support and shareholder returns provide a floor. Rosenblatt reaffirmed a Buy rating, while Erste Group raised its fiscal 2027 earnings estimate to $173.31 per share. Micron also plans to return cash through dividends and buybacks. Elon Musk’s repeated praise of Micron’s pricing discipline adds favorable visibility with large AI customers.
• Neutral Sentiment: Long-term growth opportunities are expanding beyond HBM. Micron’s 245-terabyte 6600 ION solid-state drive could help the company capture growing data-center storage demand as AI workloads expand, although the product’s ultimate financial contribution remains uncertain. Can Data Center Storage Become Another Durable Profit Engine?
• Negative Sentiment: China competition is the main near-term overhang. Investors remain concerned that ChangXin Memory Technologies could expand into server memory, potentially pressuring pricing and margins. While CXMT is currently viewed as more competitive in lower-end products than HBM, the risk has triggered broad selling across Micron, SK Hynix and SanDisk.
• Negative Sentiment: Macro and cycle concerns are amplifying volatility. Rising core inflation has increased expectations for additional Federal Reserve rate hikes, while a broader AI-stock sell-off has reduced appetite for semiconductor shares. Some investors also fear a memory-chip oversupply by 2029 and note that conventional DRAM and NAND still represent a larger portion of Micron’s business than HBM.

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.