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

Micron Technology (NASDAQ:MU)‘s stock had its “buy” rating reaffirmed by investment analysts at Rosenblatt Securities in a research report issued to clients and investors on Thursday, Benzinga reports. They currently have a $1,900.00 target price on the semiconductor manufacturer’s stock. Rosenblatt Securities‘s target price suggests a potential upside of 121.84% from the stock’s current price.

Several other equities analysts also recently issued reports on MU. Seaport Research Partners reissued a “buy” rating on shares of Micron Technology in a report on Friday, August 14th. Zacks Research raised shares of Micron Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 6th. Itau BBA Securities boosted their target price on shares of Micron Technology from $1,243.78 to $1,697.09 and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. TD Cowen reaffirmed a “buy” rating and issued a $1,600.00 target price on shares of Micron Technology in a research note on Thursday, October 1st. Finally, Wells Fargo & Company dropped their target price on shares of Micron Technology from $1,525.00 to $1,400.00 and set an “overweight” rating for the company in a research note on Wednesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Micron Technology has an average rating of “Moderate Buy” and a consensus price target of $1,407.88.

Micron Technology Price Performance

MU stock traded down $57.18 during trading on Thursday, hitting $856.49. 31,702,489 shares of the stock traded hands, compared to its average volume of 40,817,113. Micron Technology has a one year low of $192.59 and a one year high of $1,255.00. The stock has a market cap of $969.05 billion, a price-to-earnings ratio of 11.54, a P/E/G ratio of 0.16 and a beta of 2.22. The company has a 50 day simple moving average of $987.36 and a 200 day simple moving average of $876.61. The company has a current ratio of 3.31, a quick ratio of 2.94 and a debt-to-equity ratio of 0.03.

Micron Technology (NASDAQ:MU) last announced its quarterly earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $51.33 billion. During the same period last year, the firm posted $3.03 EPS. The firm’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. Equities analysts expect that Micron Technology will post 177.03 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Sanjay Mehrotra sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the completion of the sale, the chief executive officer directly owned 264,503 shares of the company’s stock, valued at $256,276,956.70. The trade was a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a 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 that occurred on Tuesday, August 18th. The stock was sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the sale, the executive vice president directly owned 191,021 shares of the company’s stock, valued at approximately $178,469,010.09. This trade represents a 7.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 123,545 shares of company stock valued at $115,750,966 over the last ninety days. Insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On Micron Technology

A number of institutional investors and hedge funds have recently modified their holdings of the business. T3 Companies LLC raised its stake in shares of Micron Technology by 156.8% during the third quarter. T3 Companies LLC now owns 683 shares of the semiconductor manufacturer’s stock worth $727,000 after buying an additional 417 shares during the last quarter. Lake Street Private Wealth LLC raised its stake in shares of Micron Technology by 43.4% during the third quarter. Lake Street Private Wealth LLC now owns 4,352 shares of the semiconductor manufacturer’s stock worth $4,635,000 after buying an additional 1,318 shares during the last quarter. Royal Fund Management LLC raised its stake in shares of Micron Technology by 108.3% during the third quarter. Royal Fund Management LLC now owns 1,756 shares of the semiconductor manufacturer’s stock worth $1,871,000 after buying an additional 913 shares during the last quarter. WP Advisors LLC bought a new stake in shares of Micron Technology during the third quarter worth approximately $2,130,000. Finally, Strategic Planning Group LLC raised its stake in shares of Micron Technology by 42.5% during the third quarter. Strategic Planning Group LLC now owns 8,557 shares of the semiconductor manufacturer’s stock worth $9,115,000 after buying an additional 2,552 shares during the last quarter. 80.84% of the stock is owned by institutional investors.

Key Micron Technology News

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

• Positive Sentiment: Micron’s fundamentals remain exceptionally strong. The company reported $54.23 billion in quarterly revenue, up 379% year over year, and adjusted earnings of $33.42 per share, exceeding estimates. Management also guided to approximately $61.5 billion in fiscal first-quarter 2027 revenue, supported by strong HBM, DRAM and NAND demand. Micron Posted a $54.23 Billion Quarter and Guided to $61.5 Billion for Next Quarter
• Positive Sentiment: Wedbush said Micron’s decision to pursue 3D DRAM rather than the competing 4F² architecture could preserve its technology advantage. The roadmap is viewed as a potential competitive strength as next-generation memory products are developed for AI and data-center customers. Micron charts a different course on DRAM
• Positive Sentiment: Needham and Rosenblatt reaffirmed buy ratings with price targets of $1,650 and $1,900, respectively, indicating analysts believe the recent weakness does not reflect Micron’s long-term earnings potential.
• Neutral Sentiment: A one-day strike at Micron’s Taoyuan, Taiwan, facility is focused on a demand for 15% profit sharing. A separate agreement with the larger Taichung union, including quarterly profit-linked bonuses, reduces the risk of a broad production disruption, but the final labor-cost impact remains uncertain. Micron’s Taiwan Strike: A High-Stakes Fight Over AI Profits
• Negative Sentiment: Memory and storage stocks are selling off more sharply than the broader technology sector. Investors are questioning whether enormous AI capital expenditures will generate adequate returns, particularly as borrowing costs rise and available capital becomes more expensive. Why Micron Stock Is Falling Hard Today
• Negative Sentiment: Investors are also monitoring longer-term competitive risk from China’s CXMT, which is advancing toward server-memory production and could eventually pressure Micron’s pricing and market share. An insider’s sale of 28,545 shares worth approximately $25.7 million adds a modest sentiment headwind, although the executive retains a substantial position.

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.