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

Micron Technology (NASDAQ:MU)‘s stock had its “buy” rating restated by analysts at Rosenblatt Securities in a research report issued to clients and investors on Tuesday, Benzinga reports. They presently have a $1,900.00 target price on the semiconductor manufacturer’s stock. Rosenblatt Securities’ target price suggests a potential upside of 103.08% from the company’s current price.

A number of other analysts have also issued reports on MU. Wolfe Research set a $1,500.00 price objective on shares of Micron Technology in a research note on Thursday, June 25th. TD Cowen restated a “buy” rating and issued a $1,600.00 target price on shares of Micron Technology in a research note on Thursday, October 1st. Royal Bank Of Canada restated an “outperform” rating and issued a $1,500.00 target price on shares of Micron Technology in a research note on Thursday, October 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Micron Technology in a report on Thursday, October 1st. Finally, CLSA reaffirmed an “outperform” rating and set a $1,700.00 price target on shares of Micron Technology in a research note on Friday, October 2nd. One investment 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,407.88.

Micron Technology Stock Down 5.4%

NASDAQ MU traded down $53.43 during trading hours on Tuesday, hitting $935.61. The company had a trading volume of 18,673,235 shares, compared to its average volume of 41,219,633. Micron Technology has a fifty-two week low of $186.25 and a fifty-two week high of $1,255.00. The company has a market capitalization of $1.06 trillion, a price-to-earnings ratio of 12.62, a P/E/G ratio of 0.18 and a beta of 2.22. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.31 and a quick ratio of 2.94. The firm’s 50 day moving average is $983.23 and its 200 day moving average is $849.12.

Micron Technology (NASDAQ:MU) last released its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 EPS for the quarter, beating the consensus estimate of $31.77 by $1.65. The company had revenue of $54.23 billion for 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 was up 379.1% compared to the same quarter last year. During the same period last year, the company posted $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. Sell-side analysts anticipate that Micron Technology will post 175.82 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Sumit Sadana sold 15,000 shares of Micron Technology stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total value of $14,014,350.00. Following the completion of the sale, the executive vice president owned 191,021 shares in the company, valued at approximately $178,469,010.09. The trade was a 7.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Scott Allen sold 879 shares of the company’s stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $1,000.00, for a total transaction of $879,000.00. Following the completion of the sale, the chief accounting officer directly owned 34,958 shares in the company, valued at $34,958,000. This represents a 2.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 95,879 shares of company stock worth $90,939,466. Insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On Micron Technology

Several large investors have recently modified their holdings of the stock. Denali Advisors LLC acquired a new position in shares of Micron Technology during the second quarter valued at approximately $7,364,000. Castleark Management LLC bought a new stake in Micron Technology during the first quarter worth approximately $3,709,000. Legacy Wealth Management LLC MS lifted its position in Micron Technology by 73.3% in the second quarter. Legacy Wealth Management LLC MS now owns 3,544 shares of the semiconductor manufacturer’s stock worth $4,091,000 after purchasing an additional 1,499 shares during the period. Oppenheimer & Co. Inc. lifted its position in Micron Technology by 16.0% in the second quarter. Oppenheimer & Co. Inc. now owns 48,520 shares of the semiconductor manufacturer’s stock worth $56,006,000 after purchasing an additional 6,702 shares during the period. Finally, Franklin Street Advisors Inc. NC boosted its stake in Micron Technology by 2,461.4% during the 2nd quarter. Franklin Street Advisors Inc. NC now owns 37,141 shares of the semiconductor manufacturer’s stock valued at $42,871,000 after purchasing an additional 35,691 shares in the last quarter. Institutional investors own 80.84% of the company’s stock.

Micron Technology News Roundup

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

• Positive Sentiment: Micron’s board increased its share-repurchase authorization to approximately $35.16 billion, with buybacks expected to begin soon. The move signals management’s confidence and could support earnings per share. Why Is Micron Stock Rising Today?
• Positive Sentiment: Analysts remain bullish: Rosenblatt reaffirmed a Buy rating with a $1,900 price target, while D.A. Davidson raised its target to $3,000. Erste Group also maintained a Buy view and forecasts fiscal 2028 earnings above the current consensus. Wall Street’s Biggest Micron Bull Just Raised Its Target Again
• Positive Sentiment: Micron’s HBM4 ramp-up, rising 2027 contract prices and sustained AI data-center demand could extend margin expansion. Its latest quarter delivered $54.23 billion in revenue and $33.42 in earnings per share, substantially above year-earlier levels. Micron’s HBM4 Ramp-Up
• Neutral Sentiment: Broader semiconductor-equipment stocks are retreating after a strong AI-driven run, indicating sector-wide profit-taking rather than a Micron-specific deterioration. Semiconductor Equipment Stocks Slide
• Negative Sentiment: China’s ChangXin Memory Technologies (CXMT) reported progress on a denser “4F square” DRAM design and plans to target high-end server memory. Investors fear this could eventually pressure Micron’s pricing, supply advantages and unusually high margins. Micron Slips as China Memory Chip Threat Ramps Up
• Negative Sentiment: Elon Musk’s warning about China’s manufacturing capabilities added to concerns that Chinese competitors may close the technology gap faster than expected. Broader technology weakness, higher oil prices and investor profit-taking are adding pressure. Micron Stock Falls as Elon Musk Warns of China’s Manufacturing Power

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.