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

Micron Technology (NASDAQ:MU)‘s stock had its “buy” rating restated by Rosenblatt Securities in a report released on Tuesday, Benzinga reports. They currently have a $1,900.00 target price on the semiconductor manufacturer’s stock. Rosenblatt Securities’ price objective indicates a potential upside of 102.52% from the stock’s previous close.

A number of other equities analysts also recently issued reports on MU. TD Cowen reiterated a “buy” rating and set a $1,600.00 price objective on shares of Micron Technology in a research note on Thursday, October 1st. Stifel Nicolaus increased their target price on shares of Micron Technology from $550.00 to $1,500.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. Sanford C. Bernstein reissued an “outperform” rating on shares of Micron Technology in a research report on Thursday, October 1st. BNP Paribas Exane increased their target price on shares of Micron Technology from $615.00 to $1,700.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Micron Technology in a research report on Thursday, October 1st. One investment 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 data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,407.88.

Micron Technology Price Performance

NASDAQ MU opened at $938.18 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.94 and a current ratio of 3.31. The firm’s 50 day moving average price is $983.23 and its 200-day moving average price is $849.12. Micron Technology has a 52-week low of $186.25 and a 52-week high of $1,255.00. The company has a market cap of $1.06 trillion, a PE ratio of 12.55, a P/E/G ratio of 0.18 and a beta of 2.22.

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, beating analysts’ consensus estimates of $31.77 by $1.65. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. The firm had revenue of $54.23 billion for the quarter, compared to the consensus estimate of $51.33 billion. During the same period last year, the firm earned $3.03 earnings per share. The company’s quarterly revenue was up 379.1% on a year-over-year basis. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Sell-side analysts forecast that Micron Technology will post 175.82 EPS for the current fiscal year.

Insider Activity at Micron Technology

In other Micron Technology news, CAO Scott R. Allen sold 879 shares of the firm’s 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 transaction, the chief accounting officer owned 34,958 shares of the company’s stock, valued at approximately $34,958,000. This trade represents a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Sanjay Mehrotra sold 40,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 264,503 shares of the company’s stock, valued at approximately $256,276,956.70. This represents a 13.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 95,879 shares of company stock valued at $90,939,466 over the last 90 days. Insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in MU. Andar Capital Management HK Ltd raised its holdings in Micron Technology by 856,960.3% in the second quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer’s stock valued at $39,571,847,000 after buying an additional 34,278,413 shares during the period. Primecap Management Co. CA purchased a new position in Micron Technology in the second quarter valued at approximately $22,182,263,000. Bank of America Corp DE raised its holdings in Micron Technology by 26.6% in the second quarter. Bank of America Corp DE now owns 10,174,757 shares of the semiconductor manufacturer’s stock valued at $11,744,621,000 after buying an additional 2,136,470 shares during the period. Invesco Ltd. raised its holdings in Micron Technology by 1.6% in the fourth quarter. Invesco Ltd. now owns 9,777,239 shares of the semiconductor manufacturer’s stock valued at $2,790,522,000 after buying an additional 155,073 shares during the period. Finally, Legal & General Group Plc purchased a new position in Micron Technology in the second quarter valued at approximately $8,402,393,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Trending Headlines about Micron Technology

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

• Positive Sentiment: Micron authorized a record $35.16 billion share-repurchase program, with purchases expected to begin soon. The buyback signals management confidence, could support earnings per share and may cushion the stock after its recent pullback. Why Is Micron Stock Rising Today?
• Positive Sentiment: Recent results highlighted the strength of the AI-memory cycle: fiscal fourth-quarter revenue reached $54.23 billion, versus $11.32 billion a year earlier, while EPS of $33.42 exceeded the $31.77 consensus estimate. Long-term customer agreements, pricing protections and continued sequential growth guidance reinforce the bullish thesis. Micron: More For Longer
• Positive Sentiment: Rosenblatt reaffirmed a Buy rating with a $1,900 price target, while Erste Group expects fiscal 2028 EPS of $199.05, above the current-year consensus estimate of $175.82. D.A. Davidson has an even more aggressive $3,000 target, underscoring expectations that AI demand could make the upcycle last longer than traditional memory booms.
• Neutral Sentiment: At roughly six times forward earnings, MU appears inexpensive if current AI-driven profitability persists. However, the valuation also reflects investor concern that memory pricing and margins may eventually peak.
• Negative Sentiment: China’s ChangXin Memory Technologies (CXMT) reported progress on a denser “4F square” DRAM design aimed at server memory. Investors fear the technology could challenge Micron’s most profitable products, weaken pricing power and accelerate competition in a market currently benefiting from tight supply. Micron Fell Nearly 4% in a Day as China’s CXMT Targeted Server Memory
• Negative Sentiment: Additional concerns include potential Taiwan strike-related disruption, broader semiconductor weakness and signs that funding demand for AI infrastructure may be softening. These risks are causing investors to question whether Micron’s exceptional earnings growth represents a permanent structural shift or a late-cycle peak.

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.