Micron Technology (NASDAQ:MU) Stock Rating Reaffirmed as “Buy” by Rosenblatt Securities

Micron Technology (NASDAQ:MU)‘s stock had its “buy” rating reiterated by stock 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’ price objective suggests a potential upside of 102.85% from the stock’s current price.

Several other analysts have also recently issued reports on MU. Argus cut their price objective on Micron Technology from $1,500.00 to $540.00 and set a “buy” rating on the stock in a research note on Thursday, June 25th. Phillip Securities lifted their target price on Micron Technology from $530.00 to $1,870.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. Bank of America boosted their price target on Micron Technology from $950.00 to $1,500.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Wolfe Research set a $1,500.00 price target on Micron Technology in a research report on Thursday, June 25th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $2,000.00 price objective on shares of Micron Technology in a research note on Thursday, October 1st. One research 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 company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,407.88.

Micron Technology Stock Down 5.3%

MU stock traded down $52.39 during mid-day trading on Tuesday, hitting $936.65. 11,135,520 shares of the company were exchanged, compared to its average volume of 41,177,715. The firm has a fifty day simple moving average of $983.23 and a 200 day simple moving average of $849.12. The company has a market capitalization of $1.06 trillion, a PE ratio of 12.62, a price-to-earnings-growth ratio of 0.18 and a beta of 2.22. Micron Technology has a twelve month low of $186.25 and a twelve month high of $1,255.00. 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 issued its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, beating 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 business had revenue of $54.23 billion for the quarter, compared to analyst estimates of $51.33 billion. During the same quarter in the prior year, the business posted $3.03 EPS. The company’s revenue for the quarter was up 379.1% on a year-over-year basis. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. On average, research analysts forecast that Micron Technology will post 175.82 earnings per share for the current fiscal year.

Insider Activity at Micron Technology

In related news, CAO Scott Allen sold 879 shares of the stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $1,000.00, for a total value of $879,000.00. Following the completion of the transaction, the chief accounting officer directly owned 34,958 shares of the company’s stock, valued at $34,958,000. This represents a 2.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Sanjay Mehrotra sold 40,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer owned 264,503 shares of the company’s stock, valued at $256,276,956.70. This represents a 13.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 95,879 shares of company stock worth $90,939,466 in the last ninety days. 0.24% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MU. M.E. Allison & CO. Inc. grew its stake in shares of Micron Technology by 0.8% in the 2nd quarter. M.E. Allison & CO. Inc. now owns 1,324 shares of the semiconductor manufacturer’s stock worth $1,528,000 after purchasing an additional 11 shares during the last quarter. Ables Iannone Moore & Associates Inc. raised its holdings in shares of Micron Technology by 5.3% in the 3rd quarter. Ables Iannone Moore & Associates Inc. now owns 237 shares of the semiconductor manufacturer’s stock worth $252,000 after purchasing an additional 12 shares in the last quarter. Cherrydale Wealth Management LLC lifted its stake in Micron Technology by 1.4% during the second quarter. Cherrydale Wealth Management LLC now owns 972 shares of the semiconductor manufacturer’s stock valued at $1,122,000 after purchasing an additional 13 shares during the last quarter. Bellevue Asset Management LLC lifted its stake in Micron Technology by 25.5% during the second quarter. Bellevue Asset Management LLC now owns 64 shares of the semiconductor manufacturer’s stock valued at $74,000 after purchasing an additional 13 shares during the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC boosted its holdings in Micron Technology by 8.8% during the second quarter. Mowery & Schoenfeld Wealth Management LLC now owns 161 shares of the semiconductor manufacturer’s stock worth $186,000 after buying an additional 13 shares in the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.

Micron Technology News Summary

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

• Positive Sentiment: Micron authorized a record $35.16 billion share-repurchase program, with purchases expected to begin soon. The buyback signals management confidence, could support earnings per share and may cushion the stock after its recent pullback. Why Is Micron Stock Rising Today?
• Positive Sentiment: Recent results highlighted the strength of the AI-memory cycle: fiscal fourth-quarter revenue reached $54.23 billion, versus $11.32 billion a year earlier, while EPS of $33.42 exceeded the $31.77 consensus estimate. Long-term customer agreements, pricing protections and continued sequential growth guidance reinforce the bullish thesis. Micron: More For Longer
• Positive Sentiment: Rosenblatt reaffirmed a Buy rating with a $1,900 price target, while Erste Group expects fiscal 2028 EPS of $199.05, above the current-year consensus estimate of $175.82. D.A. Davidson has an even more aggressive $3,000 target, underscoring expectations that AI demand could make the upcycle last longer than traditional memory booms.
• Neutral Sentiment: At roughly six times forward earnings, MU appears inexpensive if current AI-driven profitability persists. However, the valuation also reflects investor concern that memory pricing and margins may eventually peak.
• Negative Sentiment: China’s ChangXin Memory Technologies (CXMT) reported progress on a denser “4F square” DRAM design aimed at server memory. Investors fear the technology could challenge Micron’s most profitable products, weaken pricing power and accelerate competition in a market currently benefiting from tight supply. Micron Fell Nearly 4% in a Day as China’s CXMT Targeted Server Memory
• Negative Sentiment: Additional concerns include potential Taiwan strike-related disruption, broader semiconductor weakness and signs that funding demand for AI infrastructure may be softening. These risks are causing investors to question whether Micron’s exceptional earnings growth represents a permanent structural shift or a late-cycle peak.

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.