FY2026 EPS Estimate for Micron Technology Boosted by Analyst

Micron Technology, Inc. (NASDAQ:MU) – Equities researchers at Erste Group Bank raised their FY2026 earnings estimates for Micron Technology in a report issued on Tuesday, May 12th. Erste Group Bank analyst H. Engel now forecasts that the semiconductor manufacturer will earn $57.40 per share for the year, up from their previous estimate of $57.26. Erste Group Bank currently has a “Hold” rating on the stock. The consensus estimate for Micron Technology’s current full-year earnings is $57.81 per share. Erste Group Bank also issued estimates for Micron Technology’s FY2027 earnings at $100.78 EPS.

Several other analysts have also recently weighed in on MU. Phillip Securities raised shares of Micron Technology to a “strong-buy” rating in a research note on Monday, February 2nd. Wells Fargo & Company boosted their price objective on shares of Micron Technology from $470.00 to $550.00 and gave the stock an “overweight” rating in a research note on Thursday, March 19th. Citigroup reduced their price objective on shares of Micron Technology from $510.00 to $425.00 and set a “buy” rating on the stock in a research note on Tuesday, March 31st. KeyCorp boosted their price objective on shares of Micron Technology from $450.00 to $600.00 and gave the stock an “overweight” rating in a research note on Thursday, March 19th. Finally, Melius Research assumed coverage on shares of Micron Technology in a research note on Monday, April 27th. They issued a “buy” rating and a $700.00 price objective on the stock. Five research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $495.63.

Micron Technology Stock Down 3.4%

Shares of NASDAQ:MU opened at $776.01 on Friday. The company has a fifty day moving average of $472.61 and a 200-day moving average of $368.17. The company has a market capitalization of $875.13 billion, a PE ratio of 36.64 and a beta of 1.91. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.32 and a current ratio of 2.90. Micron Technology has a 52-week low of $90.93 and a 52-week high of $818.67.

Micron Technology Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Monday, March 30th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. This is an increase from Micron Technology’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Monday, March 30th. Micron Technology’s payout ratio is currently 2.83%.

Insider Activity

In other Micron Technology news, CEO Sanjay Mehrotra sold 40,000 shares of the company’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $536.26, for a total transaction of $21,450,400.00. Following the sale, the chief executive officer owned 424,503 shares of the company’s stock, valued at approximately $227,643,978.78. This represents a 8.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP April S. Arnzen sold 40,000 shares of the stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $347.39, for a total transaction of $13,895,600.00. Following the transaction, the executive vice president directly owned 125,737 shares in the company, valued at $43,679,776.43. This trade represents a 24.13% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 106,000 shares of company stock worth $47,032,460. 0.24% of the stock is owned by insiders.

Hedge Funds Weigh In On Micron Technology

A number of institutional investors and hedge funds have recently made changes to their positions in MU. REAP Financial Group LLC bought a new position in shares of Micron Technology during the 3rd quarter worth about $25,000. High Note Wealth LLC boosted its position in shares of Micron Technology by 65.4% during the 4th quarter. High Note Wealth LLC now owns 86 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 34 shares in the last quarter. Elevation Wealth Partners LLC boosted its position in shares of Micron Technology by 295.8% during the 4th quarter. Elevation Wealth Partners LLC now owns 95 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 71 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of Micron Technology during the 1st quarter worth about $27,000. Finally, Steigerwald Gordon & Koch Inc. boosted its position in shares of Micron Technology by 4,800.0% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 98 shares of the semiconductor manufacturer’s stock worth $28,000 after purchasing an additional 96 shares in the last quarter. Institutional investors own 80.84% of the company’s stock.

Key Headlines Impacting Micron Technology

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

• Positive Sentiment: Bank of America sharply raised its price target on Micron to $950 from $500 and kept a Buy rating, citing stronger demand for high-performance memory chips used in AI servers and data centers. BofA Sees More Room for Micron’s AI Rally
• Positive Sentiment: Multiple articles highlighted Micron as one of the biggest winners in the AI infrastructure buildout, with tight supply in DRAM, NAND, and especially high-bandwidth memory helping support pricing power and future earnings growth. Micron Stock Price Could Hit $1,000 — 3 ETFs to Ride the Big AI Rally
• Positive Sentiment: Analysts and commentators continue to argue that Micron’s recent record results and long-term HBM contracts show that AI demand is not just a short-term theme, but a structural growth driver. A Look At Micron Technology (MU) Valuation As AI Memory Demand Drives Record Results And Long Term HBM Contracts
• Neutral Sentiment: One director sold a relatively small amount of stock, which may add a modest headline overhang but does not appear to change the core investment thesis. Steven Gomo Sells 2,000 Shares of Micron Technology (NASDAQ:MU) Stock
• Neutral Sentiment: Some recent commentary warns that Micron has risen very quickly, so investors may be watching for volatility, profit-taking, or a pause after the sharp rally. Micron Investors Face a High-Stakes Moment After the Latest Rally
• Negative Sentiment: Several headlines noted that Micron’s stock slipped on a day when the broader market was higher, suggesting some traders are locking in gains after an extended AI-driven surge. Micron (MU) Stock Sinks As Market Gains: Here’s Why

Micron Technology Company Profile

Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.