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

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

MU has been the topic of a number of other research reports. Seaport Research Partners restated a “buy” rating on shares of Micron Technology in a research note on Friday, August 14th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $1,500.00 target price on shares of Micron Technology in a report on Thursday, October 1st. ThinkEquity reissued a “buy” rating on shares of Micron Technology in a report on Monday, August 3rd. The Goldman Sachs Group set a $1,250.00 price objective on shares of Micron Technology in a research report on Thursday, October 1st. Finally, TD Cowen restated a “buy” rating and set a $1,600.00 target price on shares of Micron Technology in a report on Thursday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Micron Technology presently has an average rating of “Moderate Buy” and an average price target of $1,407.88.

Micron Technology Stock Down 6.3%

NASDAQ:MU traded down $57.18 during trading hours on Thursday, reaching $856.49. The company’s stock had a trading volume of 31,798,462 shares, compared to its average volume of 40,822,316. The company has a market capitalization of $969.05 billion, a P/E ratio of 11.54, a price-to-earnings-growth ratio of 0.16 and a beta of 2.22. Micron Technology has a 12 month low of $192.59 and a 12 month 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. The stock has a 50 day moving average price of $985.49 and a two-hundred day moving average price of $880.07.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, topping 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 company had revenue of $54.23 billion during the quarter, compared to the consensus estimate of $51.33 billion. During the same quarter in the previous year, the firm posted $3.03 earnings per share. Micron Technology’s revenue for the quarter 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. Equities analysts predict that Micron Technology will post 177.03 EPS for the current fiscal year.

Insider Buying and Selling

In other Micron Technology news, insider Scott Deboer sold 28,545 shares of the stock in a transaction on Friday, October 16th. The shares were sold at an average price of $900.00, for a total transaction of $25,690,500.00. Following the completion of the transaction, the insider owned 147,430 shares in the company, valued at $132,687,000. This trade represents a 16.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Sumit Sadana sold 15,000 shares of the 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 owned 191,021 shares of the company’s stock, valued at $178,469,010.09. This trade represents a 7.28% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 123,545 shares of company stock worth $115,750,966. 0.24% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MU. Bullseye Investment Management LLC acquired a new stake in Micron Technology in the 2nd quarter worth approximately $27,000. Aventus Investment Advisors Inc. acquired a new stake in shares of Micron Technology in the third quarter worth $30,000. Steph & Co. acquired a new stake in shares of Micron Technology in the third quarter worth $31,000. Montgomery Financial Services LLC acquired a new stake in shares of Micron Technology in the second quarter worth $38,000. Finally, JNBA Financial Advisors increased its stake in shares of Micron Technology by 77.3% in the second quarter. JNBA Financial Advisors now owns 39 shares of the semiconductor manufacturer’s stock worth $45,000 after acquiring an additional 17 shares during the period. 80.84% of the stock is currently owned by institutional investors.

Micron Technology News Summary

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

• Positive Sentiment: Micron’s fundamental outlook remains strong. Recent results showed adjusted EPS of $33.42 and revenue of $54.23 billion, far above consensus, while management guided to approximately $61.5 billion of revenue for the next quarter. AI-related demand for high-bandwidth memory, DRAM and NAND has helped drive record profitability, with analysts expecting tight supply through at least 2027. Micron’s Earnings Reveal Why the AI Memory Boom May Last Longer
• Positive Sentiment: Wedbush said Micron’s decision to bypass the competing 4F² DRAM architecture and pursue 3D technology could preserve its manufacturing and technology advantage. New products based on the roadmap are expected to support future AI-memory demand. 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. These targets reflect continued confidence in memory pricing, customer commitments and Micron’s earnings growth despite the recent pullback. What’s Going On With Micron Technology Stock Thursday?
• Neutral Sentiment: Micron introduced a quarterly employee bonus tied to company profits. The program could support workforce relations, but it may also increase compensation costs during a period of intense labor and capacity investment. Micron Introduces Quarterly Employee Bonus Tied to Profits
• Negative Sentiment: Investors are questioning whether massive AI spending is sustainable, particularly as rising oil prices, inflation and borrowing costs make data-center financing more expensive. Concerns about negative free cash flow at major technology customers have intensified fears of a broader AI investment slowdown. Why Micron Stock Dropped on Thursday
• Negative Sentiment: Memory and storage shares faced concentrated selling ahead of earnings, raising concerns that Micron’s unusually high margins could eventually normalize as competitors add capacity. China’s CXMT is also advancing server-memory technology, creating a longer-term competitive risk. Memory Selloff Deepens Ahead of Earnings
• Negative Sentiment: A labor dispute at Micron’s Taoyuan, Taiwan facility created fears of production disruption, shipment delays or higher costs, even though the company has also reported progress toward agreements with Taiwan unions. Micron’s Taiwan Strike

Micron Technology Company Profile

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.