Micron Technology (NASDAQ:MU) Earns Buy Rating from Rosenblatt Securities

Micron Technology (NASDAQ:MU)‘s stock had its “buy” rating reissued by investment analysts at Rosenblatt Securities in a research report issued on Thursday, Benzinga reports. They currently have a $1,900.00 price target on the semiconductor manufacturer’s stock. Rosenblatt Securities‘s price target would suggest a potential upside of 118.52% from the company’s current price.

Several other equities research analysts have also recently weighed in on the stock. BNP Paribas Exane upped their price objective on shares of Micron Technology from $615.00 to $1,700.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Arete Research boosted their target price 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. Barclays upped their price target on shares of Micron Technology from $1,175.00 to $2,000.00 and gave the stock an “overweight” rating in a report on Thursday, June 25th. Daiwa Securities Group increased their price target on shares of Micron Technology from $1,600.00 to $1,700.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. Finally, Wells Fargo & Company decreased their price objective on shares of Micron Technology from $1,525.00 to $1,400.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,407.88.

Micron Technology Stock Performance

NASDAQ:MU traded down $44.18 during mid-day trading on Thursday, hitting $869.49. 12,589,437 shares of the stock were exchanged, compared to its average volume of 40,722,543. The firm’s 50-day simple moving average is $987.36 and its 200 day simple moving average is $876.61. The stock has a market capitalization of $983.76 billion, a price-to-earnings ratio of 11.70, a price-to-earnings-growth ratio of 0.16 and a beta of 2.22. Micron Technology has a fifty-two week low of $192.59 and a fifty-two week high of $1,255.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.94 and a current ratio of 3.31.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, beating analysts’ consensus estimates of $31.77 by $1.65. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The firm had revenue of $54.23 billion for the quarter, compared to analyst estimates of $51.33 billion. During the same period in the prior year, the firm posted $3.03 EPS. The company’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. As a group, equities analysts anticipate that Micron Technology will post 177.03 EPS for the current fiscal year.

Insider Activity at Micron Technology

In related news, CEO Sanjay Mehrotra sold 40,000 shares of the business’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 sale, the chief executive officer owned 264,503 shares in the company, valued at $256,276,956.70. The trade was a 13.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Scott Deboer sold 28,545 shares of the company’s stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $900.00, for a total value of $25,690,500.00. Following the completion of the transaction, the insider directly owned 147,430 shares of the company’s stock, valued at approximately $132,687,000. The trade was a 16.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 123,545 shares of company stock valued at $115,750,966 in the last 90 days. 0.24% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Andar Capital Management HK Ltd lifted its stake 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 bought a new stake in shares of Micron Technology in the 2nd quarter valued at $22,182,263,000. Legal & General Group Plc acquired a new position in shares of Micron Technology during the 2nd quarter valued at $8,402,393,000. Situational Awareness LP lifted its position in shares of Micron Technology by 1,149.0% during the 2nd quarter. Situational Awareness LP now owns 4,828,786 shares of the semiconductor manufacturer’s stock valued at $5,573,819,000 after acquiring an additional 5,289,124 shares during the period. Finally, Canada Pension Plan Investment Board bought a new position in Micron Technology during the second quarter worth $3,761,237,000. 80.84% of the stock is owned by institutional investors.

More Micron Technology News

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

• Positive Sentiment: Micron’s latest results remain a major bullish catalyst: quarterly revenue rose 379% year over year to $54.23 billion, adjusted EPS reached $33.42 versus a $31.77 consensus estimate, and management guided to approximately $61.5 billion in next-quarter revenue. Demand for high-bandwidth memory (HBM) and NAND remains strong, with capacity reportedly booked well into 2027. Micron’s Earnings Reveal Why the AI Memory Boom May Last Longer
• Positive Sentiment: Rosenblatt reaffirmed a “buy” rating with a $1,900 price target, while Needham maintained its “buy” rating and set a $1,650 target. Analysts continue to cite tight supply, rising memory prices and durable AI infrastructure demand. Micron Stock Moves Higher: What’s Going On?
• Positive Sentiment: A proposed $35 billion buyback could support earnings per share and shareholder returns if Micron generates the expected cash flow. The company is also investing in U.S. critical-minerals processing to strengthen its supply chain and reduce exposure to overseas disruptions.
• Neutral Sentiment: Micron reached a labor agreement with its larger Taichung union, including a quarterly profit-linked bonus. A separate Taoyuan facility conducted a one-day strike over a demand for 15% of operating profits, but the limited action is not currently viewed as a major production disruption. Micron Introduces Quarterly Employee Bonus Tied to Profits
• Negative Sentiment: MU is declining alongside Nvidia, AMD and other chip stocks as investors question whether AI customers’ spending can justify current valuations. Micron’s rapid prior gains also raise profit-taking and cyclical-downturn concerns.
• Negative Sentiment: The Taoyuan profit-sharing dispute could pressure margins if Micron accepts the union’s 15% demand, while China’s CXMT is advancing toward server-memory production, creating longer-term competitive and pricing risks.

About Micron Technology

Micron Technology, Inc is a semiconductor company that develops and manufactures memory and storage products. Its portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules, and other semiconductor solutions used in data centers, personal computers, smartphones, automotive systems, industrial equipment, and consumer electronics.

The company also provides high-bandwidth memory and other advanced memory technologies designed to support artificial intelligence, high-performance computing, networking, and graphics applications.