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

Micron Technology (NASDAQ:MU)‘s stock had its “buy” rating reiterated by research analysts at Rosenblatt Securities in a research report issued on Thursday, Benzinga reports. They presently have a $1,900.00 price target on the semiconductor manufacturer’s stock. Rosenblatt Securities‘s target price would indicate a potential upside of 119.37% from the stock’s previous close.

Several other equities research analysts also recently weighed in on the stock. ThinkEquity reaffirmed a “buy” rating on shares of Micron Technology in a report on Monday, August 3rd. Arete Research upped their price objective on shares of Micron Technology from $852.00 to $1,500.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Micron Technology in a research note on Thursday, October 1st. Citigroup upped their price objective on shares of Micron Technology from $1,150.00 to $1,300.00 and gave the company a “buy” rating in a research note on Wednesday, September 23rd. Finally, President Capital upped their price objective on shares of Micron Technology to $1,500.00 and gave the company a “buy” rating in a research note on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,407.88.

Micron Technology Stock Performance

Shares of MU traded down $47.55 during midday trading on Thursday, hitting $866.12. 13,622,456 shares of the stock traded hands, compared to its average volume of 40,728,316. Micron Technology has a 1-year low of $192.59 and a 1-year high of $1,255.00. The firm has a market capitalization of $979.95 billion, a PE ratio of 11.71, a price-to-earnings-growth ratio of 0.16 and a beta of 2.22. 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 business’s 50 day moving average price is $987.36 and its two-hundred day moving average price is $876.61.

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 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 company posted $3.03 earnings per share. The company’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 research analysts predict that Micron Technology will post 177.03 EPS for the current fiscal year.

Insider Activity

In other news, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $968.90, for a total value of $38,756,000.00. Following the transaction, the chief executive officer owned 264,503 shares in the company, valued at $256,276,956.70. This represents a 13.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Scott Deboer sold 28,545 shares of the company’s stock in a transaction dated Friday, October 16th. The shares were 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 owned 147,430 shares in the company, valued at $132,687,000. This represents a 16.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 123,545 shares of company stock worth $115,750,966 in the last 90 days. Company insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On Micron Technology

A number of large investors have recently made changes to their positions in MU. Andar Capital Management HK Ltd increased its holdings in shares of Micron Technology by 856,960.3% in the 2nd 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 acquired a new position in shares of Micron Technology in the 2nd quarter valued at about $22,182,263,000. Legal & General Group Plc acquired a new position in shares of Micron Technology in the 2nd quarter valued at about $8,402,393,000. Situational Awareness LP increased its holdings in shares of Micron Technology by 1,149.0% in 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 purchasing an additional 5,289,124 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Micron Technology in the 2nd quarter valued at about $3,761,237,000. Institutional investors and hedge funds own 80.84% of the company’s stock.

Key Stories 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.