Micron Technology (NASDAQ:MU) Stock Keeps Buy Rating at Rosenblatt Securities

Micron Technology (NASDAQ:MU)‘s stock had its “buy” rating reiterated by stock analysts at Rosenblatt Securities in a research report issued to clients and investors on Thursday, Benzinga reports. They currently have a $1,900.00 price objective on the semiconductor manufacturer’s stock. Rosenblatt Securities‘s price target indicates a potential upside of 121.85% from the company’s current price.

MU has been the subject of several other reports. New Street Research upgraded Micron Technology from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $470.00 to $1,250.00 in a research report on Friday, August 14th. Itau BBA Securities increased their price objective on Micron Technology from $1,243.78 to $1,697.09 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. KeyCorp reiterated an “overweight” rating on shares of Micron Technology in a research report on Thursday, October 1st. UBS Group reiterated a “buy” rating and issued a $1,625.00 price objective (up from $535.00) on shares of Micron Technology in a research report on Wednesday, September 23rd. Finally, Seaport Research Partners reiterated a “buy” rating on shares of Micron Technology in a research report on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Micron Technology has a consensus rating of “Moderate Buy” and a consensus target price of $1,407.88.

Micron Technology Trading Down 6.3%

Micron Technology stock traded down $57.22 during mid-day trading on Thursday, hitting $856.45. The company’s stock had a trading volume of 14,715,367 shares, compared to its average volume of 40,733,008. The firm has a market capitalization of $969.01 billion, a PE ratio of 11.57, a price-to-earnings-growth ratio of 0.16 and a beta of 2.22. Micron Technology has a 1 year low of $192.59 and a 1 year high of $1,255.00. 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 stock’s fifty day moving average is $987.36 and its two-hundred day moving average is $876.61.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, topping the consensus estimate of $31.77 by $1.65. The company had revenue of $54.23 billion during the quarter, compared to analyst estimates of $51.33 billion. Micron Technology had a return on equity of 92.62% and a net margin of 63.80%. The firm’s revenue for the quarter was up 379.1% compared to the same quarter last year. During the same period 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. On average, analysts anticipate that Micron Technology will post 177.03 EPS for the current year.

Insider Transactions at Micron Technology

In other news, 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 in the company, valued at $256,276,956.70. This trade represents a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Sumit Sadana sold 15,000 shares of the firm’s stock in a transaction 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 transaction, the executive vice president owned 191,021 shares of the company’s stock, valued at approximately $178,469,010.09. This represents a 7.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 123,545 shares of company stock worth $115,750,966 over the last ninety days. Company insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Andar Capital Management HK Ltd boosted 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 purchasing 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 $22,182,263,000. Bank of America Corp DE boosted 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 purchasing an additional 2,136,470 shares during the period. Legal & General Group Plc purchased a new position in Micron Technology in the second quarter valued at $8,402,393,000. Finally, Wellington Management Group LLP boosted its holdings in Micron Technology by 28.7% in the second quarter. Wellington Management Group LLP now owns 5,045,141 shares of the semiconductor manufacturer’s stock valued at $5,823,556,000 after purchasing an additional 1,125,414 shares during the period. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Micron Technology

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.